The CEO of the economic development corporation owned by the Winnebago Tribe of Nebraska criticized an outside review of the company's finances as “a load of crap’’ and “obviously a slanted document.’’
Lance Morgan, a tribal member, said Ho-Chunk Inc. is in stable financial condition despite a high level of debt. He said the company has always made its payments on time.
The review by Deloitte Financial Advisory Services said HCI has $13 million in debt. The company posted $113 million in revenues in 2006.
Some tribal members say they deserve a greater financial share of HCI's success. They say Morgan hasn't responded to their requests for more information.
HCI owns Indianz.Com and AllNative.Com.
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Review of tribe's $100 million business shows shaky outlook
(AP 3/17)
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