I know Jerry Burnett; we used to be marina neighbors in Juneau, worked with him some when he was an Administrative Services Director (ASD).  As ASDs went; he wasn't the worst.   These three "Board Members" are political weenies; their only qualification is knowing somebody who'd appoint them.   Burnett is one of a growing number of former ASDs who sucked up to somebody and got appointed as a Deputy Commissioner, a trend unfortunately started in the last administration I worked for when Greg O'Claray made Guy Bell, formerly of Retirement and Benefits, the people who brought you the pension underfunding, a DC so he'd have somebody who could hide his misdeeds.  These people are at best "super clerks;" they have no qualifications for making investment decisions.   These people are 'crats who live off being wined and dined by people who make actual money and real decisions.   Cross your legs and put your hand over your wallet.   ASDs are the maw of the beast in State government.