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The Maui 10
Who's the county's most powerful player?
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March 13, 2008
RECORD PRICES!
 | | RANK | PREVIOUS | COMPANY | | 1 | 1 | Tesoro Hawai`i | | 2 | 2 | Alexander & Baldwin | | 3 | 3 | Monsanto Hawai`i | | 4 | 4 | Maui Electric Co. | | 5 | 5 | Weinberg Foundation | | 6 | 7 | Wailuku Water Co. | | 7 | 6 | Maui Land & Pineapple Co. | | 8 | 9 | Goodfellow Brothers | | 9 | 8 | Dowling Co. | | 10 | 10 | Hawaiian Telcom |
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We may talk about Peak Oil and all that, but Big Oil—which includes our own Tesoro Hawai`i!—still very much has us by the wallet. With oil running $106 a barrel at press time, it's easy to understand why gas prices have passed Disaster levels and are perilously close to Apocalyptic heights. "Record prices have typically been set in April or May, but not in March," AAA Regional Manager Richard Velazquez said in a Mar. 7 Pacific Business News web posting. With gas prices topping $3.93 a gallon in Wailuku—and the economy slipping into recession—it's easy to see why some economists are starting to use the old 1970's term "stagflation" to describe what's happening. The profit numbers in the next batch of oil company quarterly reports should really be fascinating.
TWO JOBS?
And Maui Land & Pine drops a notch this week on news that chief financial officer (CFO) Robert Webber is now also going to be the company's chief operating officer (COO) and executive vice president, according to a March 4 PBN story. Now, in addition to running the company's finances, Webber will also run Maui Pineapple Co. and Kapalua Land Co. That's a lot—does he at least get three business cards? MTW
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