Bob Penney spent more than $300,000 to get Gov. Dunleavy elected. Then his grandson got an $8,000-a-month no-bid contract.
Clark Penney's company, Penney Capital, was hired to help a Dunleavy administration initiative to bring new businesses to Alaska and expand existing ones. Officials justified the no-bid contract by citing its urgency and Penney's experience working with wealthy investors.