Seattle Times: Port CEOs elsewhere rarely sit on boards of for-profit companies

Seattle Times: Port CEOs elsewhere rarely sit on boards of for-profit companies

Seattle Times: Port CEOs elsewhere rarely sit on boards of for-profit companies

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by Drew DeSilver / The Seattle Times

KING5.com

Posted on September 7, 2012 at 10:44 AM

Port of Seattle CEO Tay Yoshitani's sideline gig as a director of Expeditors International isn't unique among North American port executives. But it's close.

Among nearly a dozen ports surveyed by The Seattle Times, only one has a top executive sitting on the board of a for-profit company. And none of the ports has written an individual employment agreement that specifically allows its executive to serve on the board of an outside business, as Seattle has.

The survey also confirmed what has been widely believed: Yoshitani, 66, makes more money than just about any other port executive in the nation.

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