1 00:00:02,680 --> 00:00:07,200 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:09,520 --> 00:00:12,840 Speaker 2: Kotsubue is a community of about three thousand people in 3 00:00:12,920 --> 00:00:16,319 Speaker 2: northwest Alaska. It sits roughly thirty miles north of the 4 00:00:16,400 --> 00:00:17,079 Speaker 2: Arctic Circle. 5 00:00:17,600 --> 00:00:22,079 Speaker 1: It's pretty remote. There's no roads that connect to the 6 00:00:22,120 --> 00:00:25,079 Speaker 1: community or any of the communities in the region. We 7 00:00:25,160 --> 00:00:30,600 Speaker 1: primarily travel by plane, boat, or in the wintertime, we 8 00:00:30,960 --> 00:00:36,280 Speaker 1: use snowmobiles to kind of travel along the ice. 9 00:00:36,880 --> 00:00:39,559 Speaker 2: Desiree Hagen lives there. She's the news director of the 10 00:00:39,560 --> 00:00:42,880 Speaker 2: local public radio station KOTZ In Kotsubu. 11 00:00:42,960 --> 00:00:47,919 Speaker 1: I'm the only news person. I'm the only reporter, and 12 00:00:48,600 --> 00:00:50,960 Speaker 1: it's a region the size of Indiana. 13 00:00:51,600 --> 00:00:54,960 Speaker 2: Most of Kottsubu's residents are in newpiac, a group indigenous 14 00:00:55,000 --> 00:00:58,840 Speaker 2: to northwestern Alaska. Their families have been there for generations. 15 00:00:59,280 --> 00:01:01,000 Speaker 2: It's a community big on nature. 16 00:01:01,360 --> 00:01:04,759 Speaker 1: We have a major dog race. It's like the last 17 00:01:04,760 --> 00:01:08,640 Speaker 1: dog race of the season, dog machine race. It's in April. 18 00:01:08,920 --> 00:01:10,959 Speaker 1: I've always wanted to do it. I've always thought like, 19 00:01:11,160 --> 00:01:11,920 Speaker 1: maybe one day I. 20 00:01:11,840 --> 00:01:12,880 Speaker 3: Could do this race. 21 00:01:13,959 --> 00:01:19,920 Speaker 2: Many residents are also shareholders or employees of NANA. It's 22 00:01:19,920 --> 00:01:23,160 Speaker 2: a for profit corporation established by Congress in the nineteen 23 00:01:23,240 --> 00:01:26,800 Speaker 2: seventies as a settlement over land claims by indigenous tribes 24 00:01:26,920 --> 00:01:30,560 Speaker 2: and to prop up Alaska's native economies. Twice a year, 25 00:01:30,720 --> 00:01:34,399 Speaker 2: Nana shareholders get a dividend payout of the company's profits. 26 00:01:34,640 --> 00:01:38,120 Speaker 1: Everybody looks forward to Nana dividends to dividend time. 27 00:01:39,280 --> 00:01:42,160 Speaker 2: In twenty twenty five, the average payout for the year 28 00:01:42,200 --> 00:01:45,440 Speaker 2: per shareholder will be about three three hundred dollars. 29 00:01:45,840 --> 00:01:48,520 Speaker 1: They'll hold off doing things until they get their dividend, 30 00:01:48,600 --> 00:01:50,160 Speaker 1: Like once I get my dividend, I'm going to get 31 00:01:50,160 --> 00:01:54,200 Speaker 1: a new four wheeler, or you know, hey, can I 32 00:01:54,240 --> 00:01:57,200 Speaker 1: borrow some money. I'll pay you back when dividends get here. 33 00:01:58,240 --> 00:02:01,600 Speaker 2: Historically that money came from Nana work in local industries 34 00:02:01,880 --> 00:02:05,320 Speaker 2: like oil and mining. In fact, Nana leases the mining 35 00:02:05,400 --> 00:02:07,680 Speaker 2: rights to one of the largest lead and zinc mines 36 00:02:07,720 --> 00:02:11,200 Speaker 2: in the world. But in recent years, the overwhelming majority 37 00:02:11,200 --> 00:02:14,200 Speaker 2: of Nana's revenue, the money that's fueling those dividend payments, 38 00:02:14,600 --> 00:02:17,080 Speaker 2: it's come from a subsidiary of the company, and a 39 00:02:17,160 --> 00:02:19,680 Speaker 2: chunk of that money comes from a corner of Nana's 40 00:02:19,720 --> 00:02:23,640 Speaker 2: business that some shareholders say they weren't aware of, ice 41 00:02:23,720 --> 00:02:24,760 Speaker 2: detention facilities. 42 00:02:25,240 --> 00:02:27,440 Speaker 4: There were folks who were surprised to learn that the 43 00:02:27,480 --> 00:02:29,200 Speaker 4: company was involved in this work. 44 00:02:29,639 --> 00:02:33,359 Speaker 2: Potly Mason's is an investigative reporter at Bloomberg. She visited 45 00:02:33,400 --> 00:02:37,440 Speaker 2: Kotzebu to report with Desiree on Nana's growing relationship with ICE, 46 00:02:38,200 --> 00:02:41,160 Speaker 2: and Poty says that as news of those government contracts 47 00:02:41,160 --> 00:02:44,480 Speaker 2: has come to light, it's caused deep concern among some 48 00:02:44,560 --> 00:02:45,239 Speaker 2: in the community. 49 00:02:45,880 --> 00:02:48,280 Speaker 4: The shareholders who I spoke with, they all sort of 50 00:02:48,320 --> 00:02:50,560 Speaker 4: had the same refrain that they were, you know, they 51 00:02:50,600 --> 00:02:53,120 Speaker 4: totally understood that these might be profitable contracts, but they 52 00:02:53,120 --> 00:02:56,520 Speaker 4: were concerned that, however profitable they might be, that they 53 00:02:56,520 --> 00:02:59,560 Speaker 4: did not uphold the values of their community, and that 54 00:02:59,560 --> 00:03:01,960 Speaker 4: they were zerned about human rights conditions and how people 55 00:03:02,040 --> 00:03:03,600 Speaker 4: might be treated in these facilities. 56 00:03:09,400 --> 00:03:11,240 Speaker 2: I'm David Gera, and this is the Big Take from 57 00:03:11,280 --> 00:03:15,480 Speaker 2: Bloomberg News Today. On the show, a collaboration between Bloomberg News, 58 00:03:15,600 --> 00:03:19,800 Speaker 2: Kotz and Alaska Public Media, How an Alaska Native Corporation 59 00:03:20,040 --> 00:03:23,280 Speaker 2: became an ICE detention giant, and why some of its 60 00:03:23,280 --> 00:03:33,760 Speaker 2: shareholders are now speaking out. Alaska Native Corporations were established 61 00:03:33,760 --> 00:03:37,080 Speaker 2: through the Alaska Native Claim Settlement Act in nineteen seventy one. 62 00:03:37,840 --> 00:03:40,520 Speaker 2: In exchange for dropping their claims to vast areas of 63 00:03:40,560 --> 00:03:44,400 Speaker 2: the state, Alaska natives received roughly forty five million acres 64 00:03:44,400 --> 00:03:47,920 Speaker 2: of land and nearly one billion dollars in a settlement payment. 65 00:03:48,640 --> 00:03:51,000 Speaker 2: The act helped clear the way for the trans Alaska 66 00:03:51,040 --> 00:03:54,360 Speaker 2: Pipeline system and came after a push from Alaska Native 67 00:03:54,440 --> 00:03:57,680 Speaker 2: leaders to create an alternative to the reservation system of 68 00:03:57,720 --> 00:04:01,720 Speaker 2: the lower forty eight states. So divided Alaska into twelve 69 00:04:01,760 --> 00:04:05,400 Speaker 2: regions and established a private, for profit regional corporation for 70 00:04:05,480 --> 00:04:09,520 Speaker 2: each of them. NANA is one of those corporations. The 71 00:04:09,560 --> 00:04:12,800 Speaker 2: regional corporations got mineral and oil rights for those lands, 72 00:04:13,160 --> 00:04:17,000 Speaker 2: and nana's over fifteen thousand shareholders are eligible for a 73 00:04:17,000 --> 00:04:20,400 Speaker 2: cut of those profits. Here's Kotz's Desiree Hagen. 74 00:04:20,720 --> 00:04:24,160 Speaker 1: One of the reasons that this was created was some 75 00:04:24,200 --> 00:04:28,200 Speaker 1: of the people that were sort of the architects of 76 00:04:28,480 --> 00:04:33,800 Speaker 1: this system. They wanted people to be independent so that 77 00:04:33,800 --> 00:04:37,760 Speaker 1: they could do activities like subsistence hunting and fishing and 78 00:04:37,800 --> 00:04:39,839 Speaker 1: would have a sort of passive income. 79 00:04:41,560 --> 00:04:45,039 Speaker 2: Desiree and Bloomberg's Polymoscins have been reporting on NANA, the 80 00:04:45,080 --> 00:04:47,880 Speaker 2: Alaska Native corporation that got spun up in Consubu and 81 00:04:47,920 --> 00:04:51,799 Speaker 2: its surrounding area after President Nixon signed that legislation into law. 82 00:04:52,480 --> 00:04:56,000 Speaker 2: Polly says, at first, NANA invested in industries that were 83 00:04:56,000 --> 00:04:57,600 Speaker 2: close to home in. 84 00:04:57,600 --> 00:05:00,000 Speaker 4: Their business, sort of in the seventies and early eighties, 85 00:05:00,120 --> 00:05:02,880 Speaker 4: a lot of what they're focused on is natural resources. 86 00:05:03,040 --> 00:05:07,520 Speaker 4: They're focused on oil, on mining, on supporting the Trans 87 00:05:07,560 --> 00:05:11,080 Speaker 4: Alaska pipeline system, and they start to struggle a little bit. 88 00:05:11,120 --> 00:05:13,880 Speaker 4: They're having a little bit of trouble, and Congress sees 89 00:05:13,920 --> 00:05:17,279 Speaker 4: a way out, they see a solution, and they decide 90 00:05:17,360 --> 00:05:20,720 Speaker 4: to extend what's called the eight A Program. 91 00:05:21,000 --> 00:05:24,560 Speaker 2: The eight A Program is essentially a carve out. It's 92 00:05:24,560 --> 00:05:27,960 Speaker 2: meant to help socially and economically disadvantaged groups compete for 93 00:05:28,000 --> 00:05:31,720 Speaker 2: government contracts, and it requires the federal government to reserve 94 00:05:31,800 --> 00:05:35,080 Speaker 2: a certain percentage of contracts to bidders from those backgrounds. 95 00:05:35,480 --> 00:05:38,360 Speaker 4: That basically means that instead of competing in this huge, huge, 96 00:05:38,400 --> 00:05:41,880 Speaker 4: huwed wide world of government contracting, you're competing in a 97 00:05:41,920 --> 00:05:44,640 Speaker 4: different program that's a little bit smaller and geared towards 98 00:05:44,640 --> 00:05:48,760 Speaker 4: these smaller, perhaps disadvantage groups. 99 00:05:50,279 --> 00:05:52,640 Speaker 2: NANA has been doing work for the federal government as 100 00:05:52,680 --> 00:05:55,960 Speaker 2: far back as nineteen ninety five when it got a 101 00:05:56,000 --> 00:05:59,359 Speaker 2: contract to provide services to the US Military Academy at 102 00:05:59,400 --> 00:05:59,880 Speaker 2: West Point. 103 00:06:00,279 --> 00:06:03,080 Speaker 4: They're doing variety of work in all corners of the 104 00:06:03,120 --> 00:06:06,400 Speaker 4: federal government. There is technical work, there's tech support, there's 105 00:06:06,440 --> 00:06:09,919 Speaker 4: DoD contracting. You know, it's not like they are just 106 00:06:09,960 --> 00:06:12,520 Speaker 4: in one teeny tiny sliver of the federal government. There 107 00:06:12,560 --> 00:06:14,919 Speaker 4: are no shortage of contracts that they are going to 108 00:06:14,960 --> 00:06:15,320 Speaker 4: take on. 109 00:06:16,320 --> 00:06:19,080 Speaker 2: And in twenty twelve, Nana organized all of its federal 110 00:06:19,120 --> 00:06:24,479 Speaker 2: contracting under one subsidiary called Akama. The next year, Akama 111 00:06:24,520 --> 00:06:27,880 Speaker 2: hired a former assistant ICE Field Office director. His LinkedIn 112 00:06:27,960 --> 00:06:30,480 Speaker 2: page lists his role at the company that year as 113 00:06:30,560 --> 00:06:35,000 Speaker 2: director of Operations. By twenty fourteen, Okama won its first 114 00:06:35,000 --> 00:06:38,240 Speaker 2: contract to run an ice detention facility, the Chrome North 115 00:06:38,279 --> 00:06:40,200 Speaker 2: Service Processing Center in Miami. 116 00:06:40,640 --> 00:06:43,440 Speaker 4: You might have heard of Chrome more recently this year 117 00:06:43,480 --> 00:06:45,159 Speaker 4: because it was one of the centers that was over 118 00:06:45,200 --> 00:06:48,680 Speaker 4: capacity in the early Trump administration earlier this year. That 119 00:06:48,839 --> 00:06:52,160 Speaker 4: is their first foray into ice work. From there, they 120 00:06:52,200 --> 00:06:55,040 Speaker 4: take on the Batavia Detention Center, which is in New 121 00:06:55,120 --> 00:06:57,799 Speaker 4: York State, And now they've got about a half dozen 122 00:06:57,839 --> 00:06:59,040 Speaker 4: places that they're operating. 123 00:06:59,240 --> 00:07:03,120 Speaker 2: Among those half dozen other places is Guantanamo Bay. Through 124 00:07:03,120 --> 00:07:07,280 Speaker 2: its subsidiary NANA, runs the Trump administration's migrant detention facility there. 125 00:07:07,680 --> 00:07:09,960 Speaker 4: That's a really big one. I think that that is 126 00:07:09,960 --> 00:07:12,239 Speaker 4: a facility that has not actually held a ton of people, 127 00:07:12,280 --> 00:07:14,360 Speaker 4: but gotten a lot of attention because of its location. 128 00:07:14,960 --> 00:07:18,679 Speaker 2: What do we know broadly speaking about the conditions inside 129 00:07:18,680 --> 00:07:20,840 Speaker 2: these ICE facilities that are run by Akama. 130 00:07:21,040 --> 00:07:24,400 Speaker 4: So I'll start off by speaking about Chrome. Chrome during 131 00:07:24,440 --> 00:07:27,480 Speaker 4: the second Trump administration in its early days, you know, 132 00:07:27,600 --> 00:07:31,160 Speaker 4: it was being cited for just overflow issues. And you 133 00:07:31,160 --> 00:07:33,320 Speaker 4: know the other thing that we start hearing about Chrome 134 00:07:33,640 --> 00:07:36,880 Speaker 4: that people feel unsafe there, they feel overcrowded. 135 00:07:38,120 --> 00:07:40,400 Speaker 2: Since the start of the year, four men in ICE 136 00:07:40,440 --> 00:07:44,200 Speaker 2: custody have died after being detained at Chrome. At another 137 00:07:44,240 --> 00:07:48,040 Speaker 2: Akama managed detention center near Buffalo, New York, government inspectors 138 00:07:48,080 --> 00:07:52,280 Speaker 2: repeatedly found that guards used inappropriate force. In a lawsuit, 139 00:07:52,400 --> 00:07:55,480 Speaker 2: those detained there have alleged they were subject to forced labor. 140 00:07:56,040 --> 00:07:58,840 Speaker 2: Acama has denied the forced labor allegations, and the case 141 00:07:58,880 --> 00:08:02,040 Speaker 2: hasn't yet gone to trial. Ice did not respond to 142 00:08:02,080 --> 00:08:05,200 Speaker 2: requests for comment, and US Customs and Border Protection and 143 00:08:05,240 --> 00:08:08,080 Speaker 2: the Department of Homeland Security have not responded to claims 144 00:08:08,080 --> 00:08:11,320 Speaker 2: by detained immigrants Bloomberg spoke with. Nana also did not 145 00:08:11,360 --> 00:08:13,840 Speaker 2: reply to a detailed list of questions from Bloomberg. 146 00:08:14,400 --> 00:08:18,440 Speaker 4: However, in April, after a Facebook poll was conducted by 147 00:08:18,440 --> 00:08:21,000 Speaker 4: some shareholders who were concerned about this line of work, 148 00:08:21,480 --> 00:08:24,160 Speaker 4: the company did note that they felt like this work 149 00:08:24,240 --> 00:08:28,120 Speaker 4: did uphold their values of their community, and the company 150 00:08:28,160 --> 00:08:30,960 Speaker 4: noted that they were not able to disclose some of 151 00:08:30,960 --> 00:08:33,679 Speaker 4: the nature of the contract and speak publicly extensively at 152 00:08:33,720 --> 00:08:34,120 Speaker 4: the time. 153 00:08:35,520 --> 00:08:38,280 Speaker 2: But through the years, Nana's contract work through Akama and 154 00:08:38,320 --> 00:08:41,600 Speaker 2: the eight AA program has only grown. Polly says, it's 155 00:08:41,640 --> 00:08:44,920 Speaker 2: a noteworthy example of a diversity and inclusion initiative that 156 00:08:45,080 --> 00:08:48,480 Speaker 2: survived under an administration trying to get rid of them. 157 00:08:48,880 --> 00:08:52,559 Speaker 2: NANA subsidiaries have secured contracts worth nearly one point two 158 00:08:52,679 --> 00:08:55,959 Speaker 2: billion dollars to work with ICE over the past decade. 159 00:08:56,280 --> 00:08:59,640 Speaker 2: That's according to government contracting data compiled by Bloomberg Government. 160 00:09:00,360 --> 00:09:03,599 Speaker 2: So what does all this mean for NANA shareholders in Kotzebue. 161 00:09:03,840 --> 00:09:07,199 Speaker 2: Polly spoke with Roswell Schaeffer Senior, a man who's had 162 00:09:07,240 --> 00:09:09,560 Speaker 2: many lives in the city growing up. 163 00:09:09,640 --> 00:09:14,560 Speaker 5: Everybody had to help in the household to survive. So 164 00:09:14,640 --> 00:09:19,960 Speaker 5: we picked berries. We picked greens where we hunt constantly, and. 165 00:09:20,679 --> 00:09:22,240 Speaker 4: I picked salmon berry's yesterday. 166 00:09:22,240 --> 00:09:24,600 Speaker 3: Oh you did that all cool. 167 00:09:25,160 --> 00:09:28,520 Speaker 2: He's been a commercial fisherman, a subsistence hunter, and an artist. 168 00:09:28,840 --> 00:09:31,800 Speaker 2: He's been a mayor, a councilman, and a judge. And 169 00:09:31,840 --> 00:09:34,840 Speaker 2: from nineteen ninety to nineteen ninety two he was also 170 00:09:34,880 --> 00:09:39,320 Speaker 2: the president and chief executive officer of Nana. He told Polly, 171 00:09:39,400 --> 00:09:42,120 Speaker 2: the Nana of today is a far cry from the 172 00:09:42,120 --> 00:09:43,439 Speaker 2: corporation he oversaw. 173 00:09:44,280 --> 00:09:46,720 Speaker 4: So what kind of business was Nana doing at the 174 00:09:46,720 --> 00:09:47,840 Speaker 4: time that you were president. 175 00:09:48,400 --> 00:09:51,480 Speaker 5: Well, there they had a construction company, we had a 176 00:09:51,520 --> 00:09:59,199 Speaker 5: fishing business, oil oil services, electrical services up on the 177 00:09:59,280 --> 00:10:02,120 Speaker 5: Norse Smoke. We had all kinds of jobs light that. 178 00:10:02,679 --> 00:10:06,280 Speaker 2: Now with the ice contracts, Shaffer says, the corporation has 179 00:10:06,400 --> 00:10:07,080 Speaker 2: lost its way. 180 00:10:07,280 --> 00:10:12,640 Speaker 5: That's that the contract really goes contrary to our values. Absolutely, 181 00:10:14,040 --> 00:10:20,559 Speaker 5: the attention facilities like that are against our principles. 182 00:10:22,840 --> 00:10:25,680 Speaker 2: A lot of Nana's ice business is run thousands of 183 00:10:25,679 --> 00:10:29,120 Speaker 2: miles away from Kotzebue. So who's in charge and how 184 00:10:29,120 --> 00:10:32,520 Speaker 2: are shareholders making their concerns known? That's after the break 185 00:10:45,600 --> 00:10:49,240 Speaker 2: over the last decade. NANA, the Alaska Native corporation based 186 00:10:49,240 --> 00:10:51,960 Speaker 2: in the city of Kotzebue, has one contracts worth more 187 00:10:52,000 --> 00:10:55,600 Speaker 2: than one billion dollars to run and support ice detention facilities, 188 00:10:56,160 --> 00:10:58,560 Speaker 2: and residents of the community who get a dividend of 189 00:10:58,559 --> 00:11:01,800 Speaker 2: the corporation's profits, are starting to raise concerns that this 190 00:11:01,880 --> 00:11:05,800 Speaker 2: business doesn't align with the community's values, but Bloomberg's Polymosin 191 00:11:05,920 --> 00:11:08,440 Speaker 2: says that a lot of that business happens far away. 192 00:11:08,920 --> 00:11:12,120 Speaker 2: Kotspew doesn't have ice attention facilities in town, and the 193 00:11:12,120 --> 00:11:16,920 Speaker 2: subsidiary that handles nana's federal contracting, ACAMA, is headquartered thousands 194 00:11:16,920 --> 00:11:18,560 Speaker 2: of miles away from the Arctic Circle. 195 00:11:19,120 --> 00:11:22,280 Speaker 4: So they are run really kind of like a traditional 196 00:11:22,360 --> 00:11:25,640 Speaker 4: classic government contractor. It's exactly where you expect them to 197 00:11:25,640 --> 00:11:28,040 Speaker 4: be an office park in Virginia. You know, the folks 198 00:11:28,120 --> 00:11:30,480 Speaker 4: who are running it have a lot of career experience 199 00:11:30,559 --> 00:11:34,200 Speaker 4: in the federal government, and some folks who they're hiring 200 00:11:34,280 --> 00:11:36,679 Speaker 4: that's really what they've always done, just in this case 201 00:11:36,760 --> 00:11:39,320 Speaker 4: they're doing it for an Alaska Native corporation. 202 00:11:40,000 --> 00:11:43,440 Speaker 2: Crucial to all that business is Akima's CEO and president, 203 00:11:43,520 --> 00:11:47,800 Speaker 2: Bill Monet. He's a Virginia executive who's worked in government 204 00:11:47,840 --> 00:11:49,240 Speaker 2: contracting for decades. 205 00:11:49,920 --> 00:11:53,360 Speaker 4: Money is certainly well compensated. If we look at his 206 00:11:53,520 --> 00:11:56,840 Speaker 4: compensation over the last six years, it's almost forty million dollars. 207 00:11:57,120 --> 00:12:00,440 Speaker 2: In twenty twenty four, Money received seven point nine million 208 00:12:00,520 --> 00:12:03,600 Speaker 2: dollars according to a proxy statement filed by the company. 209 00:12:04,120 --> 00:12:07,280 Speaker 2: That's roughly two million dollars more than the total compensation 210 00:12:07,360 --> 00:12:10,880 Speaker 2: that year of the former CEO of Geogroup, the biggest 211 00:12:10,920 --> 00:12:12,760 Speaker 2: private prison operator in the country. 212 00:12:13,080 --> 00:12:16,000 Speaker 4: I do think that that is notable. You know, that's 213 00:12:16,000 --> 00:12:18,360 Speaker 4: certainly not all of Bill Monet's job. They do a 214 00:12:18,360 --> 00:12:20,760 Speaker 4: whole lot of other contracting. Dood work is a huge 215 00:12:20,760 --> 00:12:23,040 Speaker 4: part of their business, like it is with most federal contracting. 216 00:12:23,240 --> 00:12:24,440 Speaker 4: But I do you think it's important to know what 217 00:12:24,480 --> 00:12:25,560 Speaker 4: his compensation looks like. 218 00:12:25,600 --> 00:12:30,080 Speaker 2: Over that time, you mentioned that word began to spread 219 00:12:30,160 --> 00:12:33,480 Speaker 2: about these ice contracts that NANA had. How would you 220 00:12:33,480 --> 00:12:36,040 Speaker 2: describe that reaction among people in the community as they 221 00:12:36,160 --> 00:12:39,120 Speaker 2: learned about that, The reaction among shareholders to that news. 222 00:12:39,760 --> 00:12:41,959 Speaker 1: I think a lot of people were shocked. They had 223 00:12:42,040 --> 00:12:42,680 Speaker 1: not heard of it. 224 00:12:43,160 --> 00:12:46,400 Speaker 2: Kotz's desire Hagen says that as news of Nana's ice 225 00:12:46,440 --> 00:12:50,400 Speaker 2: contracts traveled through the community. Some shareholders found it troubling. 226 00:12:50,760 --> 00:12:53,960 Speaker 1: One thing that comes up a lot is that it 227 00:12:54,040 --> 00:13:00,720 Speaker 1: goes against their value system. So there are different values. 228 00:13:00,720 --> 00:13:04,640 Speaker 1: It's in youpac illucusate, which is like, actually, I have 229 00:13:04,760 --> 00:13:11,520 Speaker 1: them right here a list. I think it's about let's say, one, two, three, four, five, six, seven. 230 00:13:13,320 --> 00:13:16,680 Speaker 1: I think it's about seventeen is when I'm counting, you know, 231 00:13:16,720 --> 00:13:19,840 Speaker 1: and their like respect for elders, respect for tribe, respect 232 00:13:19,880 --> 00:13:24,640 Speaker 1: for nature, you know, cooperation, hard work, humility, humor. You know, 233 00:13:24,720 --> 00:13:27,000 Speaker 1: they go on. But one of the things that I 234 00:13:27,040 --> 00:13:29,400 Speaker 1: heard a few people say is like, why are we 235 00:13:29,520 --> 00:13:33,880 Speaker 1: doing this to other brown people? You know, why are we, 236 00:13:35,080 --> 00:13:39,360 Speaker 1: as Indupac people doing this to another marginalized group. 237 00:13:39,920 --> 00:13:43,520 Speaker 2: Polly says some shareholders are starting to speak out. There 238 00:13:43,559 --> 00:13:46,400 Speaker 2: was that Facebook poll in March. The true response is 239 00:13:46,440 --> 00:13:49,720 Speaker 2: from one hundred shareholders, and a majority of respondents said 240 00:13:49,720 --> 00:13:53,079 Speaker 2: they disapproved of the work. A NANA shareholder emailed the 241 00:13:53,080 --> 00:13:57,280 Speaker 2: corporation's board expressing her disapproval of Nana's contracts with ICE. 242 00:13:57,800 --> 00:14:00,880 Speaker 4: A few months after she sent that letter, the shareholder 243 00:14:00,920 --> 00:14:05,240 Speaker 4: received a response from the board chair and the board 244 00:14:05,360 --> 00:14:09,200 Speaker 4: chair in a one page letter basically said we are 245 00:14:09,240 --> 00:14:12,040 Speaker 4: comfortable with these contracts. The board has conducted site visits 246 00:14:12,240 --> 00:14:13,439 Speaker 4: and that's that. 247 00:14:13,880 --> 00:14:17,920 Speaker 2: And in late July, the issue resurfaced at a community 248 00:14:17,920 --> 00:14:20,440 Speaker 2: meeting for NANA shareholders in the village of Deering. 249 00:14:20,800 --> 00:14:23,960 Speaker 3: My English name is ru Ramos. I'm calling from the 250 00:14:23,960 --> 00:14:28,000 Speaker 3: Lower forty eight, but I care deeply about what happened 251 00:14:28,080 --> 00:14:32,320 Speaker 3: to our community, to our people, and how NANA leads. 252 00:14:32,800 --> 00:14:35,760 Speaker 2: The meeting was intended to cover general business matters, but 253 00:14:35,840 --> 00:14:39,640 Speaker 2: several shareholders pressed Nana's board on why Akama continues to 254 00:14:39,680 --> 00:14:40,320 Speaker 2: work with ICE. 255 00:14:40,720 --> 00:14:44,920 Speaker 3: So I'm asking and hoping for leadership from Nana to 256 00:14:45,600 --> 00:14:50,760 Speaker 3: really assess whether those relationships are worth the financial woodfall 257 00:14:50,840 --> 00:14:54,320 Speaker 3: that's clearly coming our way. So I really encourage us 258 00:14:54,320 --> 00:14:59,680 Speaker 3: all to really think about being displaced from our lands. 259 00:14:59,680 --> 00:15:04,000 Speaker 3: As a Lower forty eight Innuit, I feel really strongly 260 00:15:04,200 --> 00:15:08,200 Speaker 3: that being displaced is the place in which our hearts 261 00:15:08,240 --> 00:15:11,360 Speaker 3: and our spirits go to die. So I really hope 262 00:15:11,400 --> 00:15:16,600 Speaker 3: that you all see the pain that where people are 263 00:15:16,640 --> 00:15:20,720 Speaker 3: causing problems. So I'm asking for sharing. You often known 264 00:15:21,840 --> 00:15:23,080 Speaker 3: we have RESK for connection. 265 00:15:24,120 --> 00:15:27,240 Speaker 2: Nana's president said he thought their comments were heartfelt, but 266 00:15:27,440 --> 00:15:30,360 Speaker 2: noted that connectivity issues made it difficult for some people 267 00:15:30,360 --> 00:15:33,320 Speaker 2: on the call to hear them. Meanwhile, Akama's business with 268 00:15:33,400 --> 00:15:37,240 Speaker 2: ice is continuing to grow. The value of Nana's ice 269 00:15:37,240 --> 00:15:41,000 Speaker 2: contracts this year is approaching three hundred million dollars, a 270 00:15:41,040 --> 00:15:43,760 Speaker 2: figure that Polly says is rising sharply. 271 00:15:44,160 --> 00:15:46,960 Speaker 4: That is an increase of one hundred million dollars since 272 00:15:47,040 --> 00:15:50,000 Speaker 4: last year. And while those are both plenty large numbers, 273 00:15:50,000 --> 00:15:52,760 Speaker 4: we also need to be looking ahead at the forty 274 00:15:52,760 --> 00:15:56,080 Speaker 4: five billion with a B dollars that are going to 275 00:15:56,120 --> 00:16:00,720 Speaker 4: be dedicated to this line of work in the future. Now, 276 00:16:01,480 --> 00:16:03,960 Speaker 4: I do think that as more people find out, perhaps 277 00:16:03,960 --> 00:16:06,200 Speaker 4: that those careers are going to be more frequent, perhaps 278 00:16:06,240 --> 00:16:08,600 Speaker 4: there'll be more shareholders asking these questions. But among the 279 00:16:08,600 --> 00:16:11,680 Speaker 4: shareholders who have posed the question so far, they have 280 00:16:11,800 --> 00:16:15,600 Speaker 4: not found a super robust plan from the board being presented. 281 00:16:15,800 --> 00:16:18,320 Speaker 4: They haven't released any information about moving away from these 282 00:16:18,360 --> 00:16:21,720 Speaker 4: contracts or anything like that, just that their impressions thus 283 00:16:21,760 --> 00:16:24,040 Speaker 4: far is that they will be continue with this line 284 00:16:24,080 --> 00:16:26,520 Speaker 4: of work and they do believe that their values are 285 00:16:26,560 --> 00:16:28,880 Speaker 4: being upheld in how they handle this line of work. 286 00:16:35,360 --> 00:16:37,520 Speaker 2: This is the big take from Bloomberg News. I'm David 287 00:16:37,560 --> 00:16:40,280 Speaker 2: Gurra to get more from The Big Take and unlimited 288 00:16:40,320 --> 00:16:43,600 Speaker 2: access to all of bloomberg dot Com. Subscribe today at 289 00:16:43,600 --> 00:16:48,040 Speaker 2: Bloomberg dot com slash podcast offer. If you'd like this episode, 290 00:16:48,160 --> 00:16:50,280 Speaker 2: make sure to follow and review The Big Take wherever 291 00:16:50,320 --> 00:16:52,840 Speaker 2: you listen to podcasts. It helps people find the show. 292 00:16:53,320 --> 00:16:55,160 Speaker 2: Thanks for listening. We'll be back tomorrow