BUSINESS BRIEFS
Hawaiian CEO earned $2.5M
Advertiser Staff and News Services
Hawaiian Airlines Chief Executive Officer Mark Dunkerley earned nearly $2.5 million last year, according to a company filing with the Securities and Exchange Commission.
Dunkerley's 2006 compensation was more than double his $1.2 million pay package for 2005, the filing said.
Much of the pay — or about $1.1 million — came in the form of stock option awards. Hawaiian said it listed the accounting cost of these options and not the current value. At the current share price, the total value of the options that vested in 2006 is $63,500, Hawaiian said.
SALE OF PATENTS BRINGS $220,000
Honolulu-based information technology company DataHouse Consulting received $220,000 on the recent sale of its Handwritten Messaging patents at a national patent auction.
DataHouse invented the technology to allow sick children in hospitals to electronically send handwritten notes and drawings from their beds to family and friends. Development of the Internet handwriting messaging system was done as a donation to a national children's foundation.
DataHouse eventually obtained three U.S. patents for the concept as applied to e-mail, phone and instant-messaging networks, and, with the help of a local investor group, Pen-Pal Email Systems Partnership.
HOTELS LAUDED FOR GREEN PRACTICES
The state has awarded three hotels with the annual "Green Business Award" for their work to develop and implement environmental practices into their operations.
Lt. Gov. James "Duke" Aiona yesterday presented the awards to the Hilton Hawaiian Village Beach Resort & Spa, Waikiki Beach Marriott Resort and Spa, and the Sheraton Kaua'i Resort. It was the second Green Business Award for the Hilton.
The Green Business Awards Program is a partnership of the state departments of Health, and Business, Economic Development and Tourism, and the Chamber of Commerce of Hawai'i.
CHEVRON SEES PROFITS RISE 18%
SAN RAMON, Calif. — Coming off three straight years of record profits, Chevron Corp. yesterday reported its earnings surged yet again to start 2007 as the oil company cashed out of a Netherlands venture and cashed in on lucrative refining margins that have contributed to high gasoline prices.
The 18 percent increase in Chevron's first-quarter profit delivered another reminder of the oil industry's moneymaking prowess while motorists dig deeper into their pocketbooks to fuel their cars. Chevron, one of two companies that operate refineries in Hawai'i, earned $4.7 billion, or $2.18 per share, during the first three months of the year, compared with net income of $4 billion, or $1.80 per share, at the same time last year.
