BUSINESS BRIEFS
Hawaiian CEO contract extended
Advertiser Staff
Mark Dunkerley, president and chief executive officer of Hawaiian Airlines, will stay on with the airline at least through November 2010 in an employment contract extension.
Dunkerley's contract previously was to expire in August, according to a regulatory filing.
The new agreement calls for his annual base salary to be raised to $580,000 a year from $550,000 to provide Dunkerley with an allowance for insurance he is to buy. Dunkerley was granted stock options to buy 225,000 shares of parent company's Hawaiian Holdings common stock at an exercise price equal to the price on the date of the grant. Dunkerley also was granted 550,000 deferred stock units.
SUGAR BOWL WAGER SWEETENED
With a friendly pineapples vs. peaches bet already on the table between Athens-Clarke Mayor Heidi Davidson and Honolulu Mayor Mufi Hannemann, Maui Pineapple Co. is raising the stakes for the outcome of the Sugar Bowl.
Maui Pineapple Co. says it is so confident Hawai'i's Warriors will triumph, the company will send each member of the Georgia Bulldogs team a Maui Gold pineapple if the Bulldogs win tomorrow's game.
The two mayors already have a bet in place: If the Warriors win, Davidson sends Hannemann peaches; if the Bulldogs, win, Hannemann sends Davidson Maui Gold pineapples donated by Maui Pineapple Co., a division of Maui Land & Pineapple Co.
"From the pineapple field to the football field, we support our UH Warriors," said Gerry Watts, vice president and general manager of Maui Pineapple. "The Warriors have had an amazing year, and it is with great pride that we support the team with a donation of Maui Gold pineapples for the friendly wagers."
HAWAI'I GETS TRAVELERS SETTLEMENT
Hawai'i is one of 10 states that have reached a settlement with The Travelers Companies Inc., which entered the agreement to resolve allegations of improprieties in the commercial insurance market.
Florida announced Travelers will pay $6 million to the states and had agreed to a final judgment that will include comprehensive injunctive relief and a disclosure of how much Travelers pays to insurance brokers.
Florida said Travelers allegedly conspired with Marsh & McLennan and other brokers to create an illusion of a competitive bidding process.
LAW NOW REQUIRES CONCILIATION FIRST
The state Department of Commerce and Consumer Affairs is reminding consumers about a new law that takes effect today covering the procedure for filing lawsuits against licensed professionals.
Anyone wishing to file a lawsuit against a design professional such as an engineer, architect or surveyor licensed in Hawai'i must submit their claims to the Design Claim Conciliation Panel before heading to court. The new requirement was established by the 2007 Legislature under Act 207 and was approved by Gov. Linda Lingle on June 21.
"The program is designed to assist parties in evaluating their claims and exchanging information in a relatively expedited and inexpensive manner," the DCCA said in a release. "The goal of the DCCP program is to provide the parties with an opportunity to resolve meritorious claims without filing a lawsuit and discourage parties from filing frivolous or fraudulent claims in court."
For more information, call the Office of Administrative Hearings at 586-2828 or visit www.hawaii.gov/dcca/areas/oah/forms/DCCP_forms/.
Make a difference. Donate to The Advertiser Christmas Fund.
Correction: Anyone wishing to file a lawsuit against a design professional such as an engineer, architect or surveyor licensed in Hawai'i must submit their claims to the Design Claim Conciliation Panel before heading to court. A previous version of this story did not specify the types of professionals to which the new law applied.
