8a attach 1
August 24, 2012 Port of Seattle Commission 2711 Alaskan Way Seattle, WA 98121 Dear Port of Seattle Commissioners: We are concerned about the appearance of a conflict of interest and ethical issues raised by the Port of Seattle CEO's dual employment on the board of directors of an international logistics company, Expeditors' International, with direct economic interest in the Port's operations. As the board president of Expeditor's International, Mr. Yoshitani will receive additional annual compensation of approximately $250,000, including stock options, for a total annual compensation of more than $600,000. It is our understanding that no other major port director in the U.S. sits on the board of a private company in the transportation or logistics industry. Expeditors' reported revenues exceeded $6 billion in 2011. Expeditors' directs their customers' goods through different ports and negotiates directly with local service suppliers on their customers' behalf. Expeditors' International provides freight forwarding services for shippers that have contracts or may have contracts at the Port of Seattle, including Foxxcon, Nike, Cisco, Intel, Kodak and many other shippers. As stated in Expeditors' 2011 Annual Report: "The global logistics services industry is intensely competitive Depending on the location of the shipper and the importer, the Company must compete against both niche players and larger entities." Expeditors' International has been under investigation since 2007 by the U.S. Department of Justice for anti-competitive behavior. It appears to the public that Mr. Yoshitani may directly and personally benefit by giving Expeditors' customers a competitive advantage over other Port of Seattle customers, and as Port CEO he has the power to prioritize his personal profit over the public mission of the taxpayer-supported Port of Seattle. We understand the Port of Seattle Commission did not publicly review or approve the CEO's outside employment, leaving that decision to one of the CEO's subordinates. Under state law it is the Port Commission's responsibility to supervise the managing officer of the Port. We are concerned about the precedent this sets for public officials, as well as the message this sends to Expeditors' competitors, their customers and other Washington Ports. Sincerely, Rep. Zack Hudgins Rep. Derek Stanford Sen. David Frockt 11th District 1st District 46th District Rep. Dave Upthegrove Rep. Tina Orwall Sen. Sharon Nelson 33rd District 33rd District 34th District Rep. Joe Fitzgibbon Rep. Patrick Sullivan Rep. Luis Moscoso 34th District 47th District 1st District Rep. Gerry Pollet Sen. Karen Keiser 46th District 33rd District Rep. Bob Hasegawa Sen. Adam Kline 11th District 37th District
Limitations of Translatable Documents
PDF files are created with text and images are placed at an exact position on a page of a fixed size.
Web pages are fluid in nature, and the exact positioning of PDF text creates presentation problems.
PDFs that are full page graphics, or scanned pages are generally unable to be made accessible, In these cases, viewing whatever plain text could be extracted is the only alternative.