Business Briefs
POSTED: Saturday, March 20, 2010
Kroc center builder chosen
The construction contract for the multimillion-dollar Salvation Army Ray & Joan Kroc Corps Community Center has been awarded to Hawaiian Dredging Construction Co.
Construction on the 120,000-square-foot complex is scheduled to begin this month on a 15-acre site in Ewa. The project will create 300 construction jobs and nearly 100 permanent jobs when it opens late next year.
The complex will include, among other things, a 150-student preschool, a fitness center and gymnasium, an aquatic center, a dormitory and a 3-acre park for outdoor sports. Development was made possible by a $110 million grant from a bequest to the Salvation Army by the late Joan Kroc, widow of McDonald's founder Ray Kroc.
Shrimp farm plans more discharge
KEKAHA, Kauai » A Kauai shrimp farm that wants to increase its operating capacity has filed for a permit with the state Department of Health.
The department said this week that owner Sunrise Capital is proposing to discharge up to 30 million gallons of waste-water effluent and treated shrimp remains into the ocean on a daily basis.
The department's Clean Water Branch says the increase from the current minimal operating capacity would likely generate 23 million gallons of biological waste each day.
Community activist Bruce Pleas recalled what it was like when the farm was operating at full capacity from 2000 to 2003, before Sunrise Capital took it over.
He said the smell was overwhelming, the feces and dead shrimp attracted sharks, and every fish in the area was killed off.
Forum discusses international trade
Local businesses interested in export and import opportunities, financing, marketing overseas and technology can get an overview at “;Expanding Your Business Internationally,”; from 9 a.m. to noon March 31 at Foreign Trade Zone No. 9, Pier 2, in Honolulu.
The eighth annual international trade forum by the U.S. Small Business Administration will feature experts from the state Department of Agriculture, Foreign Trade Zone No. 9, Hawaii Technology Development Corp.-MEP, the U.S. Department of Commerce, First Hawaiian Bank and the SBA.
Reservations can be made by calling 541-2990, ext. 211, or online at http://www.sba.gov/hi.
EBay CEO earned $10.1M in 2009
SAN FRANCISCO » John Donahoe, chief executive of eBay, received compensation valued at $10.1 million in 2009, according to a regulatory filing yesterday. That is 55 percent less than in 2008, when he got more stock and options.
Donahoe, 49, has led the online auction site operator since Meg Whitman retired in March 2008. Before that he was eBay's head of marketplaces. His total compensation in 2008 was $22.5 million.
According to a proxy statement, San Jose, Calif.-based eBay filed with the Securities and Exchange Commission, Donahoe's 2009 pay package included a salary of $934,615, up from $879,808 in 2008; a bonus of $522,917, up from $500,000; and a performance incentive of $1.6 million, up from zero.
The 2008 figures include a three-month period when Donahoe was not yet CEO.
He received stock and option awards in 2009 valued at $6.9 million when they were granted. In 2008 Donahoe's stock and option awards totaled $20.8 million.
Like many retailers, eBay has been dealing with the slowdown in discretionary consumer spending resulting from the sluggish economy. It ended 2009 on a bright note, though, luring shoppers during the fourth quarter by focusing on deals from sellers who offered free shipping and returns on new items.
The company also highlighted ways to save money by promoting products that were new but not the latest model.
Donahoe received other compensation from the company valued at $172,394, which included $160,466 worth of personal air travel.
In 2009 eBay earned $2.4 billion, or $1.83 per share, on $8.7 billion in revenue. Over the course of the year, its stock climbed 69 percent, ending at $23.53.
The proxy statement filed with the SEC was required ahead of eBay's annual shareholder meeting on April 29.
The Associated Press calculations of total pay include executives' salary, bonus, incentives, perks, above-market returns on deferred compensation and the estimated value of stock options and awards granted during the year.
On the Move
» MGA Architecture has hired Rachel Jorgensen as a designer. She was previously a project manager responsible for the coordination and documentation process of multiple high-end residential designs.
» Hawaii Kai Retirement Community has hired Renee C. Yim as marketing manager. She was previously a flight attendant for Mokulele Airlines, area sales manager for Dispenser Beverages and division manager for Paradise Beverages and Hawaii Coffee Co.
» The Hawaii Pest Control Association has elected the following officers: Terrance Manago, re-elected as president; Jon Montalbo, first vice president and primary Kauai director; Jason Sahara, second vice president; Shawn Murray, third vice president; Wayne Koide, secretary; and Dave Lau, treasurer.
Directors include Ainsley Ahlo, James Eschele, Josh Joyce, Mohinder Maan, Kevin Davis, Carlton Agena, Alvin Fukuyama, Knut Peacock and Clinton Barbadillo.
Outer island directors are Jerry Edlao, Vince Mozina, Gary Smith, Rodney Ono and Doug Belle.
Associate representatives are Kurt Nosal and Roman Dycus.
Executive director is Tim Lyons.