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Maui County
The Maui 10
Who's the county's most powerful player?
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June 08, 2006
RANK PREVIOUS COMPANY
1 1 Monsanto Hawai'i
2 2 Alexander & Baldwin
3 3 Maui Electric Co.
4 5 Tesoro Hawai'i
5 4 Maui Land & Pineapple Co.
6 8 Harry & Jeanette Weinberg Foundation
7 7 Hawaiian Telcom
8 9 Wailuku Water Co.
9 6 Dowling Co.
10 10 Makena Resort
Recent bad news has dropped Maui Land and Hawaiian Telcom a notch each. On the former, The Maui News has been kicking the ass of the proposed Hawai'i Superferry—partially funded by MLP—by running a series of stories on how the boats will squeeze poor Young Brother Shipping and bring chaos to the Kahului Harbor. And Carlyle Group's Hawaiian Telcom just posted a first quarter loss of $38.6 million, compared to just a $15.7 million loss last year. But such drops are nothing compared to Dowling Co. plummeting three slots on news that some University of Hawaii regents are questioning the ethics of a deal between the school and Dowling's subsidiary Kulamalu Science for some new astronomy projects. Dowling, who is a UH regent, apparently got a thumbs-up from the state Ethics Commission, but that didn't stop his fellow regents from asking for other developers to start bidding on the project. MTW
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