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Viewpoints: Letters / Opinions

Sealaska shareholders need Congressional Intervention

By Dominic Salvato

March 13, 2019
Wednesday PM

75 million dollars paid to a handful of people collecting it year in and year out over a ten year period. Paid by thousands of shareholders barely surviving. 

With no end in sight!

The majority of the board is appointed.Their loyalty is to each other, not the shareholders. That fact alone is corrupt. 

It sickens me at 71 years old, to think our young native people will only take the place of their parents for another 50 years. With they're noses pressed against the glass, outside looking in at the wealth meant for them. As a corrupt corporations executives rob our people of our natural resources and dignity. 

Compensation paid to Officers and Directors (O&D) Figures from corporate proxy statements:
2008- $7,085,448 - All O&D
2009- $6,382,790 - 36 O&D
2010- $7,866,543 - 48 O&D
2011- $7,990.972 - 53 O&D
2012- $7,691,420 - 47 O&D
2013- $7,456,161 - 48 O&D
2014- $5,894.572 - 28 O&D
2015- $5,856,713 - 22 O&D
2016 -$4,200,931 - 19 O&D
2017- $4,692,762 - 21 O&D
2018 -$9,912,596- 25 O&D **executive bonuses collected for 2016/2017

Total $74,714,908.00
Projected 2019? In excess of $10,000,000.00

Dominic Salvato
facebook:" Sealaska Shareholders Underground 
Anchorage, Alaska



Editor's Note:

The text of this letter was NOT edited by the SitNews Editor.


Received March 12, 2019 - Published March 13, 2019

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