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

More

The credibility of a president

On “Meet the Press” this Sunday on MSNBC, George Will and others talked about the importance of President Trump’s credibility. Mr. Will indicated credibility was... Read more

Putting Alaskans first in the budget process

As a 62-year-old, lifelong Alaskan, I have rarely witnessed as much dysfunction in a legislative session as occurred in 2016. The inability of our elected... Read more

Trauma in psychiatric settings

There are approximately 10,000 individuals that end up in locked psychiatric institutions or units in Alaska annually. Patient advocates estimate up to 47 percent of... Read more

Time to close down this dirty old mine

It has been 60 years since the Tulsequah Chief mine was first abandoned. It continues to flow acid mine drainage into the Taku River, one... Read more

Around the Web

 

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