BUSINESS BRIEFS
Securities chief issues order
Advertiser Staff and News Services
Hawai'i Commissioner of Securities Corinna Wong has issued an emergency order allowing financial professionals who moved to Hawai'i after being displaced by Hurricane Katrina to continue conducting business in the state.
Financial professionals, such as securities dealers, salespeople and investment advisers, normally must be registered with the state's Business Registration Division to do business in Hawai'i. Wong's order exempts the relocated financial professionals from that registration requirement. The exemption is limited to transactions involving existing clients of the financial professionals. To view the order in its entirety, see www.hawaii.gov /dcca/areas/sec/main/press _releases.
BANKOH PRESENTS QUARTERLY FORUM
Bank of Hawaii has signed on as a presenting sponsor for the Inaugural Pacific Leadership Forum, scheduled for Oct. 18-19 at the Hyatt Regency Waikiki.
The forum is a new quarterly speaker series that brings to Hawai'i high-profile leaders from around the world, in areas including business, technology, government, and the humanities. The keynote address will be given by Don Soderquist, former senior vice president and chief operating officer of Wal-Mart, and author of "The Wal-Mart Way."
DELTA TO CUT 9,000 JOBS
ATLANTA — Seeking to make a quick exit from the bankruptcy it declared only last week, Delta Air Lines yesterday said it will eliminate up to 9,000 jobs, cut employee and executive salaries and reduce domestic service.
The nation's third-largest carrier said the job cuts are to take place over the next 2 1/2 years and that they represent about 17 percent of the Atlanta-based company's workforce.
Delta also said it will reduce pay for most of its workers by between 7 percent and 10 percent. Top executives are to take pay cuts of 15 percent; Delta's chief executive, Gerald Grinstein, will take a 25 percent cut.
