Notice: Undefined property: stdClass::$image_fulltext in /home/indiancountrynew/public_html/plugins/content/social2s/social2s.php on line 1531

Notice: Undefined property: stdClass::$image_intro in /home/indiancountrynew/public_html/plugins/content/social2s/social2s.php on line 1533

Notice: Undefined property: stdClass::$image_fulltext in /home/indiancountrynew/public_html/plugins/content/social2s/social2s.php on line 1531

Notice: Undefined property: stdClass::$image_intro in /home/indiancountrynew/public_html/plugins/content/social2s/social2s.php on line 1533

Winnebago members vote to oust Ho-Chunk business board

By Anna Jo Bratton
Omaha, Nebraska (AP) 10-07

Tribal members have voted to remove the entire board of a $100 million American Indian business, fallout from the board’s suspension of its two top executives in August.

More than 140 tribal members had signed a petition to put the question of recalling the board on the ballot Oct. 2, during with tribal elections.

CEO Lance Morgan said the petition wasn’t his idea.

“I wish it wouldn’t have come down to this,” Morgan said. But “whenever you do something, it comes back on you at some point. The board suspended Morgan and chief operating officer Annette Hamilton in August after Morgan said the board of directors asked him for information about a U.S. military contract, and he questioned whether he could legally provide it.

Both were reinstated eight days later after Morgan said he realized the board did not want the information he was concerned about providing.

That’s when a group of Winnebagos started circulating the petition, concerned that the board was becoming too critical of the company and Morgan.

Messages left for Ho-Chunk chairman Matthew Pilcher weren’t immediately returned, and attempts to reach other board members were also unsuccessful.

During the election, tribal council members Darwin Snyder and Ramona Wolfe won re-election, while Charles Aldrich was replaced by Kenny Mallory.

The nine-member tribal council will select new Ho-Chunk Inc. board members, and two of them must be tribal council members.

Morgan said Ho-Chunk customers should see the upheaval as positive because it likely means the company will end up with a board that is supportive of the company’s management.

Ho-Chunk is the economic development arm of the Winnebago Tribe. It has 584 employees in eight states and Mexico, Iraq and Afghanistan and has a number of federal contracts, including several for military projects.

Morgan, a member of the tribe, returned to the reservation in 1994 to help build the corporation with $8 million in casino money.

Ho-Chunk posted revenues of $113 million in 2006, up from $22.9 million in 2000, and assets have grown to $42 million from $8 million. It recorded nearly $660,000 in net profits in 2006.

On the Net:

Ho-Chunk Inc.: www.hochunkinc.com

Winnebago Tribe of Nebraska: www.winnebagotribe.com
0
0
0