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VECO Corporation
VECO Corporation was an American oil pipeline service and construction company until its purchase in September 2007 by CH2M Hill. As of that date, the VECO Corporation ceased to exist. Founded in 1968 as Veltri Enterprises by Wayne Ray Veltri, renamed VE Construction after being bought in 1970 by Bill Allen and in 1979 changed to VECO Corp. The company grew to become a major player in the Alaskan oil industries' support. VECO also was a worldwide player in the oil industry, having divisions in many major oil markets. Exxon Valdez oil spill On March 24, 1989, the oil tanker Exxon Valdez ran aground on Bligh Reef, spilling eleven million gallons of crude oil into the waters of Prince William Sound. The Exxon Valdez oil spill was the largest in United States history. VECO was responsible for large parts of the spill's clean up, hiring 2,500 workers to clean up the environmental disaster. Voice of the Times VECO's Ex CEO, Bill Allen, paid for the publishing of the "Voice of the ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ''Forbes'' survey of closely held U.S. businesses sold a trillion dollars' worth of goods and service ...
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Blog
A blog (a truncation of "weblog") is a discussion or informational website published on the World Wide Web consisting of discrete, often informal diary-style text entries (posts). Posts are typically displayed in reverse chronological order so that the most recent post appears first, at the top of the web page. Until 2009, blogs were usually the work of a single individual, occasionally of a small group, and often covered a single subject or topic. In the 2010s, "multi-author blogs" (MABs) emerged, featuring the writing of multiple authors and sometimes professionally edited. MABs from newspapers, other media outlets, universities, think tanks, advocacy groups, and similar institutions account for an increasing quantity of blog traffic. The rise of Twitter and other "microblogging" systems helps integrate MABs and single-author blogs into the news media. ''Blog'' can also be used as a verb, meaning ''to maintain or add content to a blog''. The emergence and growth of blogs i ...
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Don Young
Donald Edwin Young (June 9, 1933 – March 18, 2022) was an American politician from the state of Alaska. At the time of his death, he was the longest-serving Republican in congressional history, having been the U.S. representative for for 49 years, from 1973 until his death in 2022. Born and raised in California, Young moved to Alaska in 1959 after a stint in the U.S. Army. He worked various careers, including sailing and teaching, in the small city of Fort Yukon, where he was elected mayor in 1964. He entered state politics two years later, when he won a seat in the Alaska House of Representatives, and advanced to the Alaska Senate in 1970. In 1972, he ran for a seat in the House of Representatives against incumbent Democrat Nick Begich. Weeks before the election, Begich disappeared and was presumed dead in a plane crash, though he still posthumously won the vote. Young ran in a special election to fill the vacant post the following year, defeating Democrat Emil N ...
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The Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published six days a week by Dow Jones & Company, a division of News Corp. The newspaper is published in the broadsheet format and online. The ''Journal'' has been printed continuously since its inception on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser. The ''Journal'' is regarded as a newspaper of record, particularly in terms of business and financial news. The newspaper has won 38 Pulitzer Prizes, the most recent in 2019. ''The Wall Street Journal'' is one of the largest newspapers in the United States by circulation, with a circulation of about 2.834million copies (including nearly 1,829,000 digital sales) compared with ''USA Today''s 1.7million. The ''Journal'' publishes the luxury news and lifestyle magazine ' ...
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Ted Stevens
Theodore Fulton Stevens Sr. (November 18, 1923 – August 9, 2010) was an American politician and lawyer who served as a U.S. Senator from Alaska from 1968 to 2009. He was the longest-serving Republican Senator in history at the time he left office, though his record was later surpassed in January 2017 by Utah Senator Orrin Hatch. He was the president pro tempore of the United States Senate in the 108th and 109th Congresses from January 3, 2003, to January 3, 2007, and was the third U.S. Senator to hold the title of president pro tempore emeritus. He was previously Solicitor of the Department of the Interior from September 1960 to January 1961. Stevens served for six decades in the American public sector, beginning with his service as a pilot in World WarII. In 1952, his law career took him to Fairbanks, Alaska, where he was appointed U.S. Attorney the following year by President Dwight D. Eisenhower. In 1956, he returned to Washington, D. C., to work in the Eisenhower ...
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International Herald Tribune
The ''International Herald Tribune'' (''IHT'') was a daily English-language newspaper published in Paris, France for international English-speaking readers. It had the aim of becoming "the world's first global newspaper" and could fairly be said to have met that goal. It published under the name ''International Herald Tribune'' from 1967 to 2013. Early years In 1887, James Gordon Bennett Jr. created a Paris edition of his newspaper the '' New York Herald''. He called it the ''Paris Herald''. When Bennett Jr. died, the paper came under the control of Frank Munsey, who bought it along with its parent. In 1924, Munsey sold the paper to the family of Ogden Reid, owners of the '' New-York Tribune'', creating the '' New York Herald Tribune'', while the Paris edition became the ''Paris Herald Tribune''. By 1967, the paper was owned jointly by Whitney Communications, ''The Washington Post'' and ''The New York Times'', and became known as the ''International Herald Tribune'', or ''IHT ...
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Sarah Palin
Sarah Louise Palin (; Heath; born February 11, 1964) is an American politician, commentator, author, and reality television personality who served as the ninth governor of Alaska from 2006 until her resignation in 2009. She was the 2008 Republican vice presidential nominee alongside U.S. Senator John McCain. Palin was elected to the Wasilla city council in 1992 and became mayor of Wasilla in 1996. In 2003, after an unsuccessful run for lieutenant governor, she was appointed chair of the Alaska Oil and Gas Conservation Commission, responsible for overseeing the state's oil and gas fields for safety and efficiency. In 2006, at age 42, she became the youngest person and the first woman to be elected governor of Alaska. Immense legal fees incurred by both Palin and the state of Alaska from her fights against ethics investigations led to her resignation in 2009. Palin was nominated as John McCain's vice presidential running mate at the 2008 Republican National Convention. ...
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Pete Kott
Peter Kott (born 1949) is a former Republican state representative for District 17 serving Eagle River, Alaska, in the Alaska Legislature for seven terms, from 1993 until 2007. He was Speaker of the House during his sixth term in 2003–2004. On May 4, 2007, Kott was one of three former or current legislators (the others being Bruce Weyhrauch (R-Juneau) and Vic Kohring (R-Wasilla)) arrested and charged with bribery, extortion, and other corruption-related charges involving allegations of soliciting and receiving money and favors from VECO Corporation executives in return for their votes on an oil tax law favored by the VECO.Burke, Jill. (2007-05-04)"Kott, Weyhrauch and Kohring arrested for corruption." KTUU Channel 2 News, Anchorage. Retrieved on 2007-05-07. Kott pleaded not guilty to all charges.Mauer, Richard, Lisa Demer, Sabra Ayres and Kyle Hopkins. (2007-05-05) ''Anchorage Daily News''. Retrieved on 2007-05-24. On September 25, 2007, a federal jury found Kott guilty on three ...
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Bruce Weyhrauch
Bruce Weyhrauch is an attorney in Juneau, Alaska, United States. He is also a former representative in the Alaska State House representing Juneau's District 4. Weyhrauch has practiced at his own law office in Juneau for nearly three decades. His regulatory and government affairs-focused practice handles a wide variety of matters, including labor relations and natural resources. Education and career After receiving his BS in natural resource planning and engineering from Humboldt State University, Weyhrauch matriculated at the Northwestern School of Law of Lewis and Clark College, where he served as the editor-in-chief of ''Environmental Law''. His publications during this period include "Operation Exodus: The United States Government’s Program to Intercept Illegal Export of High Technology" (''Computer Law Journal'', 1986). Maintaining an active presence in his community, he has served as an officer or director on the Board of Directors of the Foundation For End of Life Car ...
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Vic Kohring
Victor H. Kohring (August 2, 1958 – September 6, 2022) was an American politician who was a member of the Alaska House of Representatives. A Republican, he was elected to seven consecutive two-year terms beginning in 1994. Kohring represented Wasilla in District 26 and then District 14, after redistricting due to the 2000 United States census. He resigned on July 19, 2007, during a widespread Alaska political corruption probe. Corruption Kohring was indicted on federal bribery and extortion charges on May 4, 2007. He, along with former state legislators, Republicans Pete Kott and Bruce Weyhrauch, were accused of soliciting and accepting bribes from VECO Corporation, an oil field services company. Their capital and district offices had been among 20 searched by FBI agents on August 31, 2006. Kohring resigned his seat on June 20, 2007. On November 1, 2007, a federal jury found Kohring guilty in three out of four criminal charges and acquitted on the fourth, a charge of extort ...
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Ben Stevens
Benjamin Aavan Stevens (March 18, 1959 – October 13, 2022) was an American politician and political advisor who served as the Chief of Staff to the Governor of Alaska, Mike Dunleavy. He previously served as the President of the Alaska State Senate as a member of the Republican Party. Stevens was the son of the late United States Senator Ted Stevens, who represented Alaska from 1968 to 2009. Education Stevens earned a Bachelor of Arts in economics from the Arizona State University and a Master of Business Administration from George Washington University. Career After college, he was a commercial fisherman and owner of a consulting firm. Stevens was president of the May 2001 Special Olympics World Winter Games, held in Anchorage. In August 2001, Stevens was appointed by Democratic Governor Tony Knowles to the Alaska State Senate after being nominated by the Republican Party of Alaska. He was the Majority Leader for the 2003–2004 term, and the President for the 2005–20 ...
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John Cowdery
John Joe Cowdery (February 11, 1930 – July 13, 2013) was a Republican member of the Alaska Senate, representing the O District from 2001 through 2008. He was previously a member of the Alaska House of Representatives from 1982 through 1984, and from 1997 through 2000. Corruption In 2008 Cowdery was indicted on charges of conspiracy and bribery for his actions in attempting to bribe another senator, Donny Olsen, to support a proposal, favored by executives in Alaska's oil industry, concerning oil leases and petroleum production taxes. Olson was the only Democratic legislator known to have been offered an illegal bribe, and the only officeholder who turned it down. In 2009 Cowdery was sentenced to six months in home confinement and fined $25,000.Mauer, Richar''Cowdery gets 6 months home confinement'' Anchorage Daily News, 10 March 2009. Retrieved 17 May 2013 In January 2008, in poor health and under investigation, he indicated that he would decline to file for reelection. Per ...
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