Native corp. sees heavy losses

APRIL 30, 2001

Sealaska Corp., an Alaska Native corporation, lost $122 million last year, citing bad investments, competition, low timber prices, and a faltering stock market for its poor performance.

The corporation represents 16,000 Tlingit, Haida and Tsimshian shareholders. It has a new CEO, Chris E. McNeil Jr., who replaced Robert Loescher in January.

Get the Story:
Sealaska founders in sea of red ink (The Anchorage Daily News 4/29)