Remove ImagesMaui County
The Maui 10
Who’s the county’s most powerful player?
April 20, 2006
RANK PREVIOUS COMPANY
1 1 Monsanto Hawai'i
2 2 Maui Land & Pineapple Co.
3 4 Dowling Co.
4 5 Maui Electric Co.
5 8 Hawaiian Telcom
6 3 Alexander & Baldwin
7 6 Harry & Jeanette Weinberg Foundation
8 7 Trex Enterprises
9 9 Wailuku Water Co.
10 10 Makena Resort
Big changes this week for A&B and Hawaiian Telcom, and all because of one tiny, little, otherwise insignificant Apr. 9 Honoulu Advertiser story on CEO pay. Alexander and Baldwin drops on news that they're paying CEO Allen Doane nearly $5 million a year, making him the highest paid corporate guy in Hawai'i. But Carlyle Group's Hawaiian Telcom rises a few notches on news that it pays CEO Michael Ruley slightly less than $2 million a year. "Excessive CEO pay takes dollars out of the pockets of shareholders—including the retirement savings of America's working families," states the AFL-CIO's website. "Moreover, a poorly designed executive compensation package can reward decisions that are not in the long-term interests of a company, its shareholders and employees." MTW