Journal of Commerce Investigates Executive Pay

Investigative reports usually get a lot of attention from the public and in the media. But an investigation of executive pay in the Community Development Quota program that was published in August 2010 in the Alaska Journal of Commerce seemed to slip under the radar.

The CDQ program was established in 1992 to help create economic activity in 65 Western Alaska Villages. But reporter Andrew Jensen found exorbitant pay for executives at the Coastal Villages Region Fund. For example, CEO Morgen Crow earned $800,000 a year in salary, bonuses and benefits for 2009.

And Jensen found that compensation for the top three executives at Coastal Villages increased last year.

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Lori Townsend is the news director and senior host for Alaska Public Media. You can send her program ideas for Talk of Alaska and Alaska Insight at ltownsend@alaskapublic.org or call 907-350-2058.