Clarification

Posted: Sunday, July 06, 2008

Alaska Permanent Fund Corp. officials in the process of hiring a new chief investment officer say they expect to pay between $200,000 and $300,000, not more than that, as was reported in Friday's Empire.

That's above the previous pay range, with a maximum amount of $244,000, said Laura Achee, corporation spokeswoman.

Mike Burns, the corporation's executive director, had already begun telling applicants of the higher pay range prior to board of trustees approval on Thursday, leading to the confusion.

The board removed the maximum amount limitation and also removed a requirement that the CIO be paid less than Burns, who is paid $267,000, according to Achee.



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