The Maui 10
Who's the county's most powerful player?
February 14, 2008
NEW HT GUY IS 'OPERATIONAL!'
Just hours after Stephen Cooper—the man who helped transform the bankrupt, disgraced Enron Corporation into the far leaner (I think the legal term is "assetless") Enron Creditors Recovery Corporation—took over Hawaiian Telcom, he was on the phone with analysts promising big, big action. "When I look at Hawaiian Telcom I see a company that has a tremendous amount of good DNA and a company that requires some operational fine-tuning," he told them, according to the Feb. 6 Pacific Business News. Cooper promised an "operational plan" that fix HT's "operational issues" and "operational upsets." The implication of all this talk is, of course, that Hawaiian Telcom has hitherto "not been operational" (or "inoperable," I suppose, but I'm not absolutely fluent in all the really technical corporate jargon).
|3||2||Alexander & Baldwin|
|4||4||Maui Electric Co.|
|5||5||Maui Land & Pineapple Co.|
|8||8||Wailuku Water Co.|
A&B OWES CHINA!
Much like the U.S. Treasury has China to thank for financing our national debt, Alexander & Baldwin is increasingly looking to China for keeping them afloat. Kevin L. Halloran, VP for Corporate Development and Investor Relations, said as much in a Feb. 5 press release announcing $142.2 million in profits despite low local sugar production. "The Ocean Transportation business segment posted a very strong 20 percent increase in operating profit for the full year, which reflects the continuing positive impact of Matson's China service and the emerging earnings growth of our Guam carriage," Halloran said in the release. "Matson's ships from China sailed essentially full throughout the year as container volume increased 57 percent, and we solidified our position in international shipping circles as a 'go to' source for reliable and fast transpacific service." MTW
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