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Bankoh chief tapped to serve on Fed Council
Michael E. O'Neill, chairman, chief executive and president of Bank of Hawaii Corp., has been chosen by the directors of the Federal Reserve Bank of San Francisco to serve as the bank's member of the Federal Advisory Council in Washington, D.C., for 2002.The council has a representative from each of the 12 Reserve Bank districts, and meets quarterly with the Board of Governors of the Federal Reserve System. Members provide an evaluation of the state of business in their regions, and review systemwide proposals.
O'Neill, 55, will succeed Steven L. Scheid, formerly of Charles Schwab & Co. Inc.
Dole names new flower division president
WESTLAKE VILLAGE, Calif. >> Dole Food Company Inc. has named John T. Schouten president of Dole Fresh Flowers.He joined Dole in 1985 and most recently served as senior vice president and general manager of commodity operations for Dole Worldwide Vegetables.
Dole was founded in Hawaii in 1851. Its local holdings have been reduced to 8,000 acres of land on Oahu where it grows fresh pineapple.
Hawaii workers' comp claims on the rise
Workers' compensation benefit payments in Hawaii have risen while nationally they are falling, a new study said.Hawaii benefits as a percentage of wages are also higher than the national norm, said the report by the National Academy of Social Insurance, based on figures from 2000.
From 1999 to 2000 the number of workers in Hawaii covered by compensation plans for job injuries and illnesses grew by 3 percent. Wages earned by those covered by such plans rose 5.5 percent.
Workers' compensation payments in Hawaii in 2000 averaged $1.49 for every $100 of wages, up 4.2 percent from 1999, the organization said. Nationally, the benefit payout in 2000 averaged $1.03 for every $100 of wages, down slightly from $1.04 in 1999.
New Kauai Coffee roaster boosts production
A new roaster will allow Alexander and Baldwin subsidiary Kauai Coffee to increase capacity seven-fold.The company said the new system will allow it to better control the roasting and flavoring process on its premises by processing all the coffee it sells in Hawaii on site. The new roaster's capacity is about 300 pounds of coffee per hour.
The company also introduced a new packaging system for the estate-roasted product grown on 3,400-acres on Kauai.
Health industry biz plan contest finalists chosen
A business plan contest primarily sponsored by the Hawaii Health Care Business Incubator has selected five finalists from 19 ventures that submitted plans.Final presentations are scheduled to be made June 5 at Neal Blaisdell Center.
The finalists for the "Island Innovations 2002" competition are Maui Kamaaina Medical Group Inc., Discharge Information Systems, Kohala Healing Natural Arts Inc., Surgical Devices of Hawaii and iNurse Monitoring Systems.
The Hawaii Health Care Business Incubator is funded by Integrated Services Inc., which is a for-profit subsidiary of Hawaii Medical Service Association and Kapiolani Health.