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Alaska Native corporation lowers board pay after complaints

A Quad City restaurant is facing tens of thousands of dollars in fines. After an investigation by the U.S. Department of Labor, the Osaka Buffet in Moline has to pay nearly $79,000 in back wages to 33 current and former employees. (MGN Image)
A Quad City restaurant is facing tens of thousands of dollars in fines. After an investigation by the U.S. Department of Labor, the Osaka Buffet in Moline has to pay nearly $79,000 in back wages to 33 current and former employees. (MGN Image)(KWQC)
Published: Jan. 16, 2020 at 6:20 AM AKST
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Goldbelt Inc. has amended a scheduled pay raise for its board of directors following concerns from shareholders about the size of the increase.

The Juneau Empire reported the board voted Friday to reduce the compensation from $5,000 to $3,000 for each board member.

Board Chairman Todd Antioquia says in a letter to shareholders of the Alaska Native corporation that board members will receive a $500 meetings fee but will no longer receive fees for travel.

Goldbelt has more than 3,600 shareholders and derives the majority of its revenue and income from government contracting and services, as well as tourism.

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