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MAY 30, 2001

Chugach Alaska Corp. appears to have survived its bankruptcy woes to emerge with revenues of $219 million, a 70 percent increase from 1999, said Chairwoman Sheri Buretta.

The windfall means the board of directors will receive bonuses of around $10,000 each and 50 top managers will split between $1 million to $1.3 million dollars. Buretta said the company's successes -- attributed to government services contracting -- are a significant turnaround since the corporation filed for bankruptcy in June 2000.

Get the Story:
Chugach Alaska rebounds (The Anchorage Daily News 5/30)