The Latest: Seattle port CEO secretly gave himself pay raise

[Judi Lynn]

Source: Associated Press

Updated 8:20 pm, Friday, February 3, 2017


SEATTLE (AP) — The Latest on the resignation of the Port of Seattle's chief executive (all times local):

6:10 p.m.

Documents released by the Port of Seattle show that CEO Ted Fick, who resigned Wednesday, secretly gave himself a $24,500 raise, inappropriately accepted gifts for travel and sporting events and potentially directed port business to his father's company.

The Port of Seattle released the information found in Ted Fick's most recent performance review Friday afternoon. Fick had been port CEO for less than three years.

Documents say Fick gave himself the raise, on top of his $350,000 salary, as part of a one-time payment of about $4.7 million to port workers after commission approval. That action is now under scrutiny after an audit determined the port had illegally given that payment.

Read more: http://www.chron.com/news/us/article/The-Latest-Seattle-port-CEO-secretly-gave-10907596.php

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The unforgettable Ted Fick

[lapfog_1]

1. Dude was making $350K a year

and risked it all to steal $24,500.

Stupid. Just stupid.

If you are going to commit white collar crime, do it big and make a plan to get away with it.

[OnlinePoker]

2. I was in the military for 35 years

You wouldn't believe the number of people charged with padding their expense claims. They risked everything for an extra $100. It was nuts.

[meadowlander]

3. Looks like he's straight out of Fargo.