Binkley added to board of Permanent Fund Corp

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Fairbanks businessman John Binkley, whose Binkley Company bought the Anchorage Daily News in 2017, has been appointed by Gov. Mike Dunleavy to the Alaska Permanent Fund Corporation Board of Trustees.

Binkley is a lifelong Alaskan who served as a state senator, representative, and as a city councilman in Bethel. He also chaired the Alaska Railroad Corporation. A Republican, he ran for governor in 2006 but lost to Sarah Palin in the primary, although he came in quite ahead of incumbent Gov. Frank Murkowski.

“I’m honored to serve as a trustee of the Permanent Fund and appreciate the appointment from Governor Dunleavy. The Governor’s goals and mine are aligned in protecting and growing Alaska’s most important financial asset,” said Binkley in a statement released by the Governor’s Office.

He replaces the seat that is vacant after the resignation of Gabrielle Rubenstein, whose actions came under scrutiny after she was discovered to be meddling in the day-to-day operations of the Permanent Fund.

“I can’t think of any Alaskan more qualified to serve as a trustee than John Binkley,” said Dunleavy. “His blend of private and public sector experience is unrivaled, and he will immediately contribute to the preservation and growth of our permanent fund.”

Binkley will join the board at its next meeting Wednesday, February 12 in Juneau.

19 COMMENTS

  1. If Binkley’s ownership of the ADN is any indication, you can forget about anything happening to turn the mess around.

    Dunleavy, if you recall, appointed to the supreme court the very justice who ruled against his docking the administrative budget of the judiciary the exact amount of abortion funding. And he wants us to trust his judgment?!

  2. What?!!! And he’s done so well at the helm of the Anchorage Daily News. Is this a harbinger of things to come with the Permanent Fund?

    • You have no idea what you are talking about. Fidelity is in litigation nonstop over charging way high fees and going under the radar on their disclosure to 401K cost. They have cheated billions out of many employer sponsored 401K’s. Don’t believe me look it up.

  3. Binkley and Frank Murkowski debated on live TV back in 2006 during the governor’s race. Murkowski called out Binkley for lying about his academic credentials, which were proved to be zero. Binkley called out Murkowski for appointing his daughter Lisa to the Senate. Sarah Palin sat quietly and rolled her eyes. Palin kicked both of their *sses and became governor.

    • Binkleys academic credentials? Oh yeah, that issue. Most Trustees have either MBA’s or very strong math backgrounds. Love to see Binkley’s college courses again. I do recall golf, small engine repair, and ground school.

  4. Curiously I don’t think John has any control of the ADN. If he does he has never shown his hand. ADN is a very horrible re player of left wing cr– from Washington post and the AP. I was absolutely excited when they bought the Adn and absolutely crushed 4 weeks later as I watched it taken completely to H–. I look at the obituaries in it once in a while other than that’s it’s dead media.

  5. Well maybe Binkley will look into the fact that permanent fund is invested with Wealth funds that won’t loan capital for oil development . BlackRock , Vangaurd , Carlyle Group and WellsFargo have come out with public statements that no capital will be loaned to NorthSlope oil extraction . While supporting the green new deal . None of the Permanent Fund should be invested in these Wealth Funds . It’s total conflict of interest as the Fund was created from oil production . Glad to see the owner of the Carlyle groups daughter off the Board . The only reason she got the appointment was because of her Father David Rubinstein , the owner / founder .

    Kind of Ironic that The Binkleys purchased the Anchorage Daily News from the estranged wife of the Carlyle group and also the daughters mother . Can’t make it up .

  6. Binkley got on the Redistricting board due to Cathy Giessel. This is what happened, according to the Alaska Beacon:

    “The five-person board in charge of drawing Alaska’s legislative districts will pay $400,000 to settle financial claims brought by a group of East Anchorage plaintiffs who successfully challenged the boundaries of Eagle River’s state Senate district last year.

    In total, the state will have paid more than $600,000 to settle financial claims resulting from what the Alaska Supreme Court called “an unconstitutional political gerrymander.”

    • Yes, but Binkley did help to get rid of Representative Grier Hopkins through the redistricting plan. Unfortunately, the Hopkins family political holdings now include Hopkins as FNSB mayor. So ……thanks, Binkley. Hope you enjoy your new property taxes.

      • Binkley could retaliate and withhold the Hopkin’s PFDs. Spare change, but comes in handy for a midnight run to the local pot stores.

        • LOL. There should be a PFD checkoff to
          donate to marijuana shops. Keeps the Hopkins loaded and minds off of new ways to rob the citizens of the FNSB. Thanks, Binkley.

  7. Gee another rino praise the lord
    Binkleys another Lisa Murkowski in man’s clothing
    Count on Big Mike to make all the right choices , not

  8. Well there’s no doubt in my mind that Binkley is hands off of ADN as they refused to print Suzanne’s story on Anthony Marnell and crew’s visit to the legislature and F bombing Jamie A. over the law suit by the state against the Casino in Birchwood, Alaska.

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