Dear Ted Stevens, How much does a seat on a CDQ group’s Board cost today?
$626,500 might not have been quite enough to get on the board of the Norton Sound Economic Development Corporation (NSEDC), one of six Western Alaska community development quota (CDQ) groups established into fisheries law at the hands of former U.S. Senator Ted Stevens. But that’s how much its for-profit subsidiary, the Siu Alaska Corporation donated to two local charitable organizations right before the October 6 election in Nome.
Surprisingly, Siu’s chairman Don Stiles, who was running for reelection to NSEDC’s board, may still have come up short of the number of votes required by NSEDC’s bylaws — by just a single vote. Read more