Sophie Minnick
20:44 - 21:37
“One of Carl's most significant contributions, though, extended far beyond the companies he ever led. While CEO of Old Harbor Native Corporation, he became the leading advocate for improvements to the Alaska Native Settlement Trust legislation. In testimony before the United States Senate, Carl championed reforms designed to make settlement trusts more effective tools for protecting Native assets, supporting shareholders' well-being, and ensuring that the benefits of ANCSA could be sustained for future generations. Today, because of Carl's tenacity, his grit, and his determination, Native corporations who have established settlement trusts and who are paying dividends to their shareholders are doing so on a tax-free basis.”
- Speaker
- Sophie Minnick
- Timestamp
- 20:44 – 21:37
- Community
- Alaska News
- Location
- Alaska
- Captured at
From the transcript
One of Carl's most significant contributions, though, extended far beyond the companies he ever led. While CEO of Old Harbor Native Corporation, he became the leading advocate for improvements to the Alaska Native Settlement Trust legislation. In testimony before the United States Senate, Carl championed reforms designed to make settlement trusts more effective tools for protecting Native assets, supporting shareholders' well-being, and ensuring that the benefits of ANCSA could be sustained for future generations. Today, because of Carl's tenacity, his grit, and his determination, Native corporations who have established settlement trusts and who are paying dividends to their shareholders are doing so on a tax-free basis.
Related Coverage
Commonwealth North gives Hickel award to former CIRI chief Carl Marrs
Commonwealth North gave its Hickel Award to Carl Marrs, former CIRI and Old Harbor Native CEO. His push for trust reform now lets Native corporations pay shareholder dividends tax free.
