Letter: Sealaska board monopolies self-serving

Sealaska Corporation recently announced a distribution to be mailed Dec. 6 to their stockholders. It’s alarming that distributions from Sealaska efforts are near the bottom of the barrel.

 

It comes out to 71 cents a share from Sealaska, created by Sealaska directors and using discretionary voting. This shows that Board monopolies are killing Sealaska business.

This June, Sealaska scheduled an annual meeting to be held in Seattle. Consider electing independent candidates that will end discretionary voting at a board level, or risk lower distributions yet to come.

Sealaska board monopolies are selfish and become extremely self-serving against stockholders. Annually, this has become a self-repeating theme with devastating financial results.

Michael Lee Beasley

Sealaska Stockholder

Juneau

CONTACT US

  • Switchboard: 907-586-3740
  • Circulation and Delivery: 907-586-3740
  • Newsroom Fax: 907-586-9097
  • Business Fax: 907-586-9097
  • Accounts Receivable: 907-523-2230
  • View the Staff Directory
  • or Send feedback

ADVERTISING

SUBSCRIBER SERVICES

SOCIAL NETWORKING

 

More

Still bad for Alaska

The few changes to Senate health care bill (done again in secret) do nothing to make it less bad in general and especially bad for... Read more

Wed, 07/19/2017 - 10:29

Better care for whom?

The Senate is considering a repeal/replace bill for the Affordable Care Act (ACA) called the Better Care Reconciliation Act (BCRA), and I say, better care... Read more

Planned Parenthood saved my life

When I was 23 years old, Planned Parenthood saved my life. I had just graduated from college and was starting my career. My job did... Read more

23 million Americans would lose health care

Dear U.S. Sens. Lisa Murkowski and Dan Sullivan,

Read more