The Schrammie: Greed rules the day
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Maybe Gordon Gekko, Michael Douglas' character in the movie "Wall Street," had it right.
And if Gordon Gekko had it right and "greed is good", then maybe the Port of Seattle CEO has a leg to stand on.
So if Tay Yoshitani would take a break from his second job, I'd like him to come on down.
As chief executive of the port, Mr. Yoshitani pulls in about $367,000 a year.
Apparently unable to subsist on that taxpayer-provided salary, Mr. Yoshitani has taken a second job that pays him another $230,000 a year.
That second job has raised eyebrows - and a host of legal questions.
Mr. Yoshitani's other employer is Expeditors International, the self-proclaimed "travel agent for freight."
And while the company does not directly do business with the Port of Seattle, the relationship between what the port does and what expeditors does has elected officials and some port commissioners squirming in their seats.
In talking with Commissioner Rob Holland, he told me that Mr. Yoshitani is walking too fine a line and should pick one job or the other.
Mr. Yoshitani, seemingly oblivious to the conflict of interest he's creating, has indicated he'll do no such thing.
So, for wanting to eat his cake and have it too; for sacrificing public perception for private gain, and for greed ruling the day, I think Mr. Tay Yoshitani should take a bow, because this "Schrammie" is for him.
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Have something to say to Ken? Login or signup below to post a comment. Just be sure to read the rules and keep things civil. You can also e-mail him at kenschram@komo4news.com. You can also connect with Ken on Facebook.
And if Gordon Gekko had it right and "greed is good", then maybe the Port of Seattle CEO has a leg to stand on.
So if Tay Yoshitani would take a break from his second job, I'd like him to come on down.
As chief executive of the port, Mr. Yoshitani pulls in about $367,000 a year.
Apparently unable to subsist on that taxpayer-provided salary, Mr. Yoshitani has taken a second job that pays him another $230,000 a year.
That second job has raised eyebrows - and a host of legal questions.
Mr. Yoshitani's other employer is Expeditors International, the self-proclaimed "travel agent for freight."
And while the company does not directly do business with the Port of Seattle, the relationship between what the port does and what expeditors does has elected officials and some port commissioners squirming in their seats.
In talking with Commissioner Rob Holland, he told me that Mr. Yoshitani is walking too fine a line and should pick one job or the other.
Mr. Yoshitani, seemingly oblivious to the conflict of interest he's creating, has indicated he'll do no such thing.
So, for wanting to eat his cake and have it too; for sacrificing public perception for private gain, and for greed ruling the day, I think Mr. Tay Yoshitani should take a bow, because this "Schrammie" is for him.
---
Have something to say to Ken? Login or signup below to post a comment. Just be sure to read the rules and keep things civil. You can also e-mail him at kenschram@komo4news.com. You can also connect with Ken on Facebook.
When I was in my early 20's I worked 2 jobs at Everett Mall. Each paid a little over minimum wage at that time. I had to get a written okay from each company to work the other. It wasn't a problem because I was honest and told the 2nd job that I worked at the first. They both sold jewelry and engraved to there may have been a conflict. Where I work now I sign an employment contract every year that has a clause about working for a competitor. I can't do that for 2 years after leaving my present employer. I understand conflict of interest and this guy works for the Port where he may need to make decisions regarding the shipping company he also workes for. If he as a public employee needs a second job with what he earns then he needs some financial help.
Perhaps the conflict of interest is one of time and energy. If you are able to do your job while only devoting half of your time, we may conclude that your compensation is 50% too high.
The Port of Seattle is not run nearly as well as the port of Tacoma. Clowns like this guy just make it easier to see. Next time when electing port officials vote out the ones who hired Mr Yoshitani.Â
Since when working two jobs became a bad thing? Mark Emmert of UW had three or four jobs and you didn't complain.
 @Socialjusticeforall Emmert was an overpaid public / CEO slime ball too.
Meanwhile most employer are expecting $12-$15 dollar an hour salaries to cover $1100 dollars rents in this city. Do the country a favor, buy American!
If there was anything made in Amerika left to buy. @Seattlebcc
Zhivago, is that you? :-)
Sad that you have these over paid jerks stealing jobs from people who really need them.
 @Blindman Now if you mean illegal business tactics to get a plant shut down, I'd go for that, but no talking head ever stole a job from me. Or maybe I'm your real problem on this, because I've walked in the front door of probably twenty trades I knew nothing about and took jobs away from lazy slobs all over the country.  I've had to fight a few times because guys would accuse me of "stealing" the job they refused to do well, never showed up for, or tried to perform while drunk.
If there was a conflict of interest, he'd be fired from his public job. Â I love a success story and think it's great this guy is able to have 2 high paying jobs. Â If one job diminishes his performance, it's his risk, and he'd certainly be replaced. Â To anybody who thinks "how dare him", I'm sure you wouldn't turn this down.Â
So, show me the conflicts here, Ken. If his second job is in conflict with the first, then there should be some demonstrable evidence.  I know lots of people working two jobs, I don't condemn them just because they make more than I do. A little jealousy here?
The conflict of interest is concerning, I am in transportation and can see how it could be a factor. I don't care about how much someone makes. Shame on you Ken for making this about class warfare and envy. We shoudl embrace people's success.  What you should have focused on Ken was the obvious, we the people need to see how he accounts for his time. A serious audit needs to be done to make sure not one second of time while being paid by the taxpayers is spent doing anything from his other job, even answering emails.Â
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I don't care how much he makes, I care if he is defrauding the taxpayers while on the clock for us.
Again, you seem to be convicting this guy before you know what is going on. Where is the evidence that the two jobs are conflicting?
Are you Completely BRAIN DEAD??? A 3rd grader would be able to tell you Exactly what the conflict is!! "The Port of Seattle SHIPS CARGO and  Expeditors International SHIPS CARGO" can you say one hand will be washing the other??? Man some people are so dense!! And you go out in public unescorted huh???
I have worked at four jobs at one time in order to make ends meet, so I am familiar with ambition and the need to try and better yourself for the future. However, I have also had jobs where there were written restrictions on whether you could work a second job--it seems to me that if the Port feels there is a conflict of interest, they should have that written into their employment contracts. Sometimes it is more important to make the public feel they can have confidence there will not be corruption in jobs like this, than it is risk the chance laws could be broken. Because people, if given the chance will cut corners, and pad their own wallets if given the opportunity. Prevention of corruption is so much easier than fixing it after it happens.
Hey Ken.. didn't you moonlight on KVI too? Second income perhaps? Conflict of Interest? None on here would have an issue with it unless you happened to have made 600k combined. Then they'd be screaming GREED at the top of their lungs. Shame on you.
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Again... the issue is Conflict of Interest. NOT $$$. Everyone has the right to earn as much income as they see fit.
They should hire me. I'll work a full 8 hour day at one job and take half the pay.Â
So 2 high paying supposedly full time jobs. 8 hours each plus say an hour for commute time to just be generous. That means 17 hours of work a day, leaving 7 hours a day for sleep, eating, bathing and personal matters. Anyone think he's capable of doing high caliber work with high caliber pay at this level? Absolutely not. No one on the planet is worth this kind of money. The Port should be looking to get a better value for its money.
Any supposedly conservatives want to give me a description of capitalism?
I agree with you. Excellent points, all.
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What I find interesting is that people defending Tay Yoshitani are obstinantly ignoring the fact that this issue isn't whether he has two jobs.Â
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It IS that as the Chief Executive of the Port of Seattle, he holds a tax-payer funded position and as an elected official, if he is also working for a private industry, he is not devoting his time to serving the public who've elected him and are providing him the $367,000 per year salary. THAT is the issue.
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**Disclaimer: I am neither 'liberal' nor 'conservative' - Â those labels have been so overused and out of context that they have no meaning.Â
 I'll admit to being a mammal. So all you conservative mammals stay on your side of the room and all you liberal mammals stay on your side....(Bwa-ha-ha-ha-ha)
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 @Smokin Bear And what, are we conserberal mammals supposed to cling to the ceiling?  ;-)
@My_Thoughts - LOL!! Â
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Well, since Guano isn't good to chew, you Conserberals can some sit by me so we can watch the extremists political tennis match from a safe distance.
 @Smokin Bear He's not an elected official... he was hired as CEO by the Port of Seattle, and since the port's budget is funded by taxes, so is his 367K salary.  The Port Commissions, of which there are 5, are roles elected by the voters of King County.But regardless of his salary there or in any other roles or from any other sources of income, the bottom line is that a conflict of interest exists.  His continued participation in both organizations presents the perception that he may be operating on shaky ethical grounds, and whenever such a perception occurs, it has the capability to invalidate any good work he has done, regardless of whether he actually did anything unethical.
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The simple fact that he is in a position where he could means he is ethically obligated to choose one.
@ryanthecubfan - Okay but if his job is publicly funded by tax payers don't you agree that he has a mandate tomake that his priority? He cannot possibly do that if he is dividing time with a freight company to whom he may be giving preferential treatment as the CEO of the port.Â
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The Fox running the Chicken coop, not unlike Dick Cheney as VP assuring that Haliburton got lucrative contracts in Iraq.
 @Smokin Bear I'm confused. Which one is it?
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he holds a tax-payer funded position and as an elected official, if he is also working for a private industry
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he is not devoting his time to serving the public who've elected him and are providing him the $367,000 per year salary
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One is Conflict of Interest, the other is job performance. Salary has ZERO to do with it.
 @Smokin Bear Again.. salary has ZERO to do with it. If it does to you... please communicate what that is where you wouldn't care if he had a second job that appears to be a conflict of interest? What if was 75k a year? 50k a year? The root of the issue is the purported Conflict of Interest. Sheesh!
@d_2 - Salary has everything to do with this or he wouldn't be working a second job that pays $230,000 yearly. Its not like he's opted to work at Dick's Burgers. Come on.
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You cannot tell me in all seriousness that his job performance isn't being affected by the conflict of interest.
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If power corrupts, absolute power currupts absolutely.Â
 @Blindman Oh... and here is your description/definition of Capitalism. Courtesy of Merriam-Webster.
http://www.merriam-webster.com/dictionary/capitalism
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An economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market.
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Emphasis on FREE Market. Not one directed/managed/governed by Government.
 @Blindman What? Why the focus on income? If it was 75k each for 150k in salary are you okay with it? < BS This is entirely about Conflict of Interest. This has nothing to do with his income. The dollar figure should be removed entirely from the article. It is baseless.
 @d_2  @Blindmanincome? What does obama like to say? "at some point you have made enough money!". This is a primary point of the socialists liberals .Â
Nobody "needs" that kind of money. now start handing it over to the wealth dispersal units.
Yep. You nailed it, Ken.Â
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 Our local utility service raised the rates by 50% and announced that the public was invited to attend the 'town hall meeting' but would not be permitted to speak. This was after the utility made an obscene profit selling Kilowatts to Chicago during an exceptionally hot summer.Â
 Then a few years later, our local utility commissioner wanted a salary raise to $230,000 a year and when the residents complained, instead of going forward with a rate increase, they started charging for 'delivery' of Kilowatts on top of the usage charge - double billing, and they are still doing this.
 The Washington State Attorney General's Office under Rob McKenna wouldn't investigate because Utilities Commissions are 'clients' of the AGO. So people trying to survive are hit especially hard during the winter months and have no recourse.
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The payment schedules aren't reasonable and anyone who can't pay will be cut off. Pretty convenient money maker.Â
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Greed is a killer, sometimes literally.
@Smokin Bear You can't sue them for overpayment? Something? That's a bunch of bs.
@Tattooed_Angel - I wish. But, nope. If the AGO won't do anything about it the residents are stuck. The double billing has been going on for years. TPU owes probably millions in back payment to all of Tacoma for this fleecing and if the AGO doesn't do something about this, I'm betting that TPU will come up with another added fee like "brokering" Kilowatts, on top of delivery and usage.
I'll say this. Â As long as he walks that line I won't punish someone for working more and earning more. Â
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We can not punish people for lines they don't cross. Â That's like getting a ticket because you MIGHT speed.
Tay is 65 now, right ? He could just step down from his port job now, collect his golden parachute and retirement pay, and local residents would probably end up paying the next port CEO the same or even more (see what happened with the Seattle School Superintendent.. same or more than Enfield/Goodloe-Johnson).
Schram is an instigator, and a hypocrite.
No conflict of interest, No performance problems all I hear is the Class Warfare crowd complaining this guy has ambition... So as usual ..if the Progressive, Liberal, Democrats feel someone is successful they want to tear them down.Â
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Hey Ken do you moonlight on any other jobs...? Anyone else have two jobs??
@Truth Percolates I'm far far from a liberal and certainly not a democrat, but I find it REALLY REALLY hard to believe that this man is giving EITHER job the full attention that he should. If in fact his Port job is really only a part time job, then perhaps they should redefine the position and adjust his pay accordingly.
 @Truth Percolates Bull... When he is Chief Executive of the port and is expected to do the job the tax payers are paying him to do without favoritism or conflict of interest that is EXACTLY what the tax payers should expect to receive.  Â
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Has anyone else noticed that the same people who decry class warfare usually are the first to take advantage of public services while screaming that others are lazy. Â
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This is a huge conflict of interest that will only bite the tax payers in the end. Â He needs resign or be fired if he chooses to blatantly laugh at the citizens who hired him to do a job without outside interest putting him on the payroll. Â
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The corruption in this city, county and state are so unbelievable. Â
He looks like an Asian Simon Cowell.
Lots of critiques about this person's income, how many of you would accept and keep both jobs AND their salaries if you could?
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I am pretty sure that very few would turn down any job(s) paying that much regardless of their job titles.
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A little hypocrisy here. I certainly would take the pay if someone was going to pay for it.
Exactly what I was thinking!
Is it Greed because of salary? Is there a law against having two or more jobs? If the issue is 'Conflict of Interest', then that has nothing to do with income. That is irrelevant entirely. That said.. there should be clear polices around Conflict of Interest. If there is some oversight that deems this in fact a conflict, he should be allowed to quit one or both. Why is the focus on income? Get over it!
I'd fire him from the first (for conflict of interests) and then sit back and see how long he lasted at the second.
Here's some other "executive salaries" for comparison:
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President of the United States  $400,000/year
Governor of Washington State $169,000/year
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Is he REALLY worth as much as POS is paying? Is he that critical to the job that they are justified oin that kind of salary? I think not.
IMHO, if you're a public employee earning that sort of salary, you shouldn't have the time to work a side project of any substance.Â
People wonder why there is always budget problems? I don't, fire the bum. If he can't devote full time to his job he should not be in it.
@uplink Should he devote full time even if the job is technically only part time (as others here have indicated the port job is)?
@katiemcc 367,000 a year? He needs a second job to survive? Doesn't devote more than a few hours a week to a 367,000. Give me a break.