Sunday, August 19, 2001
[WINNERS & LOSERS]
[WINNERS]Sure Save Super Market Ltd., which gained approval last week for a bankruptcy organization plan. The plan, two years after the Big Island grocery and convenience store company filed for court protection, allows it to pay off the $4.9 million it owes creditors over the next 12 years. When it filed for bankruptcy, the company owed $10 million.
The merger of Kauai's Wilcox Health System, Kapiolani Health and Straub Clinic and Hospital, which has received unanimous approval from two health councils midway through its public hearing process. Though questions have cropped up, mainly from nurses and the nurses union, the councils have thus far come down on the side of merger.
<< Columbia Inn Kaimuki, which seems to be changing hands for the third time in its 70-year history. Kyotaru U.S.A. is selling the venerable eatery on Waialae Avenue to Thanh C. Nguyen and Tri Nguyen, who own establishments in the Ala Moana Center food court. The good news for patrons is the two have said that after a short closure, the restaurant will open back up and remain about the same as it is.
[LOSERS]Companies listed on the Nasdaq Stock Market, which can just forget about the past five years -- dot-com boom, bust and all of it. According to a study by investment-research company Multex.com, all the revenue gains during the boom years have now been offset by more recent losses, meaning that collectively half a decade's worth of profits have been wiped out -- or that nobody's made a dime since the O.J. trial.
>> The Manoa Innovation Center, which got a black eye this week when the program manager it brought in to get it in shape quit over disagreements with the state's plans to take equity stakes in companies in place of rent. Michael Possedi quit last week, as did High Technology Development Corp. Marketing and Business Development Manager Vicky Chiu-Irion. Who's there to incubate the incubators?
Local auto insurers, who are coming under new scrutiny from the state insurance commissioner, Wayne Metcalf. After State Farm 'fessed up to using consumer credit reports in determining insurance rates -- apparently violating state law -- Metcalf queried all 280 entities in the state that have licenses to write auto insurance to see whether others also illegally used the reports. Survey says?
NEW JOBS>> Wayne Tomita has been named controller at Marc Resorts Hawaii. He most recently served as controller at Island Title Corp. Also at Marc Resorts, Samuel Min was named director of sales. He was previously senior sales manager at the Parc Shore Hotel. Jerry Jamesson, a 25-year veteran of the hospitality industry, was named general manager at the Embassy Vacation Resort at Kaanapali Beach. He was general manager at the Shores of Waikaloa before joining Marc Resorts.
>> Claire R. Aniya has been named tax director at Kamehameha Schools. She will be responsible for reviewing and advising KS management on tax matters, as well as overseeing general operations of the tax division. Aniya, a certified public accountant, joins Kamehameha Schools after serving as senior tax manager at KPMG LLP.
>> Jonathan Kim has been named general manager at Windward Mall. Kim has earned designations as a certified shopping center manager and certified property manager. Kim was formerly property manager at the Hawaii Kai Towne Center and the Royal Hawaiian Shopping Center.
>> Bernie Armstrong has joined KGMB 9 as business development manager. Armstrong held a similar position at KHNL prior to establishing Selling Evolutions, a broadcast sales and marketing consulting company. Also at Channel 9, Jan Kaeo L'Ecuye, Nina Hashimoto and Tommy Daly have come on board as account managers. L'Ecuyer has more than 10 years of experience in broadcast media sales, having had similar positions at KSSK AM/FM and KHNL/KFVE-TV. Hashimoto was previously a development specialist with Hawaii Public Television. Daly was most recently an outside sales representative for Cramer Decker Industries, a global water sports manufacturer.
>> Honolulu City and County Employees FCU has named Kevin Sakamoto marketing manager at the credit union. He was formerly employed as a marketing specialist at Hawaii Business College. In addition, Liwliwa "Lily" Baysa has joined the credit union as a call relations representative. She was most recently assistant supervisor of the vault services department at Bank of Hawaii.
>> Edward Silver has joined the internal medicine department at the Straub Pali Momi Clinic. A board-certified doctor in internal medicine, Silver is a graduate of the University of Tennessee.
>> Mauna Lani Resort has named Crystal Poe-Cabatbat spa director. She will be responsible for assisting in the creation and development of spa programs, as well as managing the daily operations of the facility and its staff of 50 employees. Poe-Cabatbat comes to the Mauna Lani Resort after spending eight years at the Hyatt Regency Maui.
>> Brandon E. Kim and Ralph Gray have joined Kahala Realty Associates. Brandon was previously with Marcus & Associates. Gray worked for Dower Realty and was Hawaii territory manager for Realtor.com.
PROMOTIONS>> Aston Hotels and Resorts Hawaii has named Lynette McDonald resort manager at the Aston Waikiki Beach Hotel. She will be responsible for front office, housekeeping and maintenance operations at the resort. McDonald, a 17-year veteran of the hospitality industry, joins the Aston Waikiki Beach after serving as general manager at the Aston Maui Islander. She originally joined the company as a front desk clerk in 1984.
>> Cindy-Ann Manaois has been named manager of the Molokai Branch of Bank of Hawaii. She will be responsible for the bank's operations and oversight of four employees. Manaois joined the bank in 1981.
>> Milton Hiura has been named manager of accounting and trust affairs at the The Estate of James Campbell. Hiura is an 18-year employee at the estate.
ON THE BOARD>> Keith Hunter has been named chairman of the board at the Better Business Bureau of Hawaii. Lawrence Chew and Garry Brechin were named first vice-chair/treasurer and second vice-chair, respectively. Stephanie Tom was named secretary. Anne Deschene was named president. In addition, the following individuals were named directors for the 2001-04 term: Bruce Behnke, Jo Kamae Byrne, Yuka Nagashima, Frank Rogers, Barry Taniguchi and Jamie Wisenbaker. The new officers and directors were elected during the BBB's annual membership meeting July 18.