Alaska Sustained Profit Growth Plan

State:
Multi-State
Control #:
US-CC-20-160H
Format:
Word; 
Rich Text
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Description

20-160H 20-160H . . . Sustained Profit Growth Plan under which (a) each officer of the level of Senior vice President and above receives a contingent cash award equal to a specified percentage of his or her annual base salary and (b) actual awards are determined by measuring the corporation's performance of previously selected business measures and attainment of specific objective numeric goals relating to those measures over a three year performance period. The measures may include return on average or year-end equity, return on average or year-end assets, earnings per share, growth in earnings per share, increase in the corporation's common stock price, total return to stockholders, growth in net income per employee, growth in non-interest income, control of net overhead expense, control of non-performing loans, capital adequacy, and adequacy of loan loss reserves
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FAQ

Major sectors by employment in Alaska include Healthcare and Social Assistance, Retail Trade and Information, which employed 56,322, 41,099 and 31,036 people in 2022, respectively.

Alaska does not levy a general sales tax or an individual income tax. However, some localities levy general sales taxes. After federal transfers, Alaska's largest sources of per capita revenue were property taxes ($2,329) and charges ($2,147), such as state university tuition and highway tolls.

The city's economy is supported primarily by the transportation, tourism, oil, military, and government sectors. Its economy is strongly tied to its rich store of natural resources and its geographical location. The Port of Anchorage is the source of 95% of all goods entering Alaska.

The oil and gas industry is the largest component of Alaska's economy.

The four main priorities of the economic plan were identified as 1) Sustain and support the Alaska Marine Highway System, 2) Mariculture development, 3) Market Southeast Alaska to attract more visitor spending and visitor opportunities, and 4) Promote beneficial electrification.

Permanent Fund Dividends per Alaskan are set to be $1,304 in fiscal 2024. The fiscal 2024 budget prioritizes investments in public safety, public education, and economic development.

Alaska ranks among the top 10 areas in the world for the following minerals: coal, copper, lead, coal, zinc, and silver. Mining and minerals support an extremely lucrative part of the Alaskan economy - managed by the Department of Natural Resources.

Sources of information Alaska leads in zinc production in the U.S. and is a major producer of gold. It also produces gemstones, construction sand and gravel, crushed stone, lead, and silver.

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Alaska Sustained Profit Growth Plan