Viewpoints: Letters / Opinions
Corruption
By Dominic Salvato
December 17, 2019
Tuesday PM
Sealaska shareholders are the one's to blame for allowing a handful of native leaders to convert our combined assets into personal wealth for Sealaska's management. Compensation for executives have topped 75 million dollars in the last decade.
We allowed Sealaska's management to continue past the original date for the stock to be placed under each shareholder control. Shareholder never voted to continue. Managements decided to continue because the shares were worthless.
For fifty years we have allowed the corporation to isolate us further from control of our stock, by raising the total percentage of voting stock to sell, form 50% plus1, to 75% plus 1.
Last year the top Sealaska executive was paid 1.6 million dollars on a 350k salary.
Dividends from Marge Young permanent fund, $1 per share. Dividends from operations, $2 per share.
With 8 board members being appointed out 13.
As an elder, there is no pleasure in informing our young, in my opinion the Sealaska Corporation is grossly corrupt.
Dominic Salvato / Elder
Anchorage
, Alaska
About
Editor's Note:
The text of this letter was NOT edited by the SitNews Editor.
Received December 16, 2019
- Published December 17, 2019
Related Viewpoint:
| Representations of facts and opinions are solely those of the writers and do not represent the opinions of Sitnews. |
E-mail your letters
& opinions to editor@sitnews.us
Your full name, city and state are required for letter publication.
Published letters become the property of SitNews.
SitNews ©2019
Stories In The News
Ketchikan, Alaska
|
Articles &
photographs that appear in SitNews are considered protected by copyright
and may not be reprinted without written permission from and
payment of any required fees to the proper sources.
E-mail your news &
photos to editor@sitnews.us
Photographers choosing to submit photographs for publication to SitNews are in doing so granting their permission for publication and for archiving. SitNews does not sell photographs. All requests for purchasing a photograph will be emailed to the photographer.
|
|