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Big Demands, Big Rewards

What Hawaii’s Top Execs Are Paid

(page 4 of 5)

CENTRAL PACIFIC FINANCIAL CORP. (No. 22 on the Top 250; parent of Central Pacific Bank)

Ronald Migita
Chair
(succeeded by John Dean, executive chairman, on March 15, 2010)

Ronald Migita (retired)
CEO

Salary: $250,000
Bonus: $0
Stock awards: $112,500
Nonequity incentive plan: $75,000
Other compensation: $193,332 1
Total: $630,832

1 Other compensation includes $160,000 for serving as chairman of the board, $12,000 for automobile allowance and $6,140 in club dues
and other perquisites.
 

Earl Fry
Highest paid director

Fees earned or paid in cash: $63,667
Stock awards: $0
Other compensation: $0
Total: $63,667
 

Directors:
Crystal Rose
Earl Fry
Colbert Matsumoto
Maurice Yamasato
Richard Blangiardi
Christine Camp
B. Jeannie Hedberg
Paul Kosasa
Mike Sayama
Dwight Yoshimura
Dennis Hirota

Breakdown of CPF’s nonemployee directors’ annual retainers and meeting fees:

Directors: $8,000 for CPF directors (paid in stock options to better align the long-term interests of the board and shareholders) and $12,000 for CPB directors. All CPF directors were directors of CPB.
Audit committee chair: $12,000
Compensation committee chair: $8,000
Corporate governance and nominating committee chair: $8,000
Board meeting: $800
Committee meeting: $600

(Effective Jan. 1, 2010, CPF and CPB boards reduced annual fees 37.5 percent for nonemployee directors to $5,000 and $7,500, respectively. The chairman of the board fees were reduced from $160,000 to $100,000. Committee chairs’ fees were cut in half.)
 


HAWAIIAN TELCOM (No. 16 on the Top 250)

Walter A. Dods Jr.
Chair

Fees earned or paid in cash: $92,501
Stock awards: $0
Nonequity incentive plan comp.: $0
Other compensation.: $0
Total: $92,501 1

1 Dods received a retainer fee of $1 per year for serving as nonemployee chairman of the board. The remainder of his compensation was from numerous meeting fees during the company’s reorganization and bankruptcy proceedings.
 

Eric Yeaman
CEO

Salary: $673,846
Bonus: $0
Nonequity incentive plan comp: $623,981
Stock award: $0
Other compensation: $26,297
Total: $1,324,124
 

Alan Oshima
Highest paid director

Fees earned or paid in cash: $102,000
Stock awards: $0
Other compensation: $0
Total: $102,000

Directors:
James Attwood
Stephen Gray
Eric Yeaman
Alan Oshima

Breakdown of Hawaiian Telcom’s nonemployee directors’ annual retainer and meeting fees:
Directors: $50,000
Committee chair: $5,000
Board and committee meetings: $1,500 ($1,000 if attended by telephone)
 


KAMEHAMEHA SCHOOLS (No. 26 on the Top 250)

Nainoa Thompson 2
Board of trustees chair

Total comp.: $114,000

Dee Jay Mailer
CEO

Salary: $491,881
Other comp.: $57,004
Total: $548,885
 

J. Douglas Ing 2
Highest paid trustee

Total: $103,500

2 Information is from the latest available IRS Form 990, which reflects fiscal year 2008-09

Trustees as of October 2010:
Chair: Corbett Kalama
Micah Kane
J. Douglas Ing
Diane Plotts
Nainoa Thompson

Base retainer: $75,000
Meeting fee: $1,500 (maximum number of compensable meetings per year is 75, about six meetings per month)
Chairman of the board: $30,000

The Kamehameha Schools Trustee Compensation Committee hired Mercer LLC, a San Francisco-based consulting firm, to evaluate the factors relating to trustee compensation. Mercer concluded that the trustees are receiving appropriate compensation given their time commitments and responsibilities.
 


UNIVERSITY OF HAWAII (No. 3 on the Top 250; info as of October 2010)

M.R.C. Greenwood
President

Salary: $427,512

Board of Regents:
(Regents are not paid, but some expenses are covered)
Chair: Howard Karr
Dennis Hirota
Artemio Baxa
Carl Carlson Jr.
Michael Dahilig
Ramon de la Pena
Clifford Dias
Mark Fukunaga
Chuck Gee
James Haynes
John Holzman
James Lee
Eric Martinson
Teena Rasmussen
Matthew Williams
 


HAWAII MEDICAL SERVICE ASSOCIATION (No. 1 on the Top 250)

Lisa Sakamoto
Chair, as of oct. 2010

Robert Hiam
CEO 1

1 HMSA’s executive compensation information is not public information and the organization declined to provide annual compensation for its officers. Directors on this nonprofit’s board do not receive compensation.
 

Directors:
(Directors are not paid, but some expenses are covered)
Andrew Chang
Edwin Montell
Steve van Ribbink
Lorraine Akiba
Claire Asam
Gene Awakuni
Michael Chun
Paul Esaki
Kathleen Fujihara-Chong
Robert Harrison
Robert Hiam
Timothy Johns
Gary Kajiwara
Howard Karr
Whitney Limm
Della Lin
Allan Los Banos
Kathryn Matayoshi
Carla Nip-Sakamoto
Lisa Okimoto
Michael Savona
Michael Sia
Ronald Taketa
Luke Teruya
Roger Wall
Rev. Monsignor
Terrence Watanabe
Robert W. Wo
 


CHILD AND FAMILY SERVICE (No. 204 on Top 250 List)

Hoyt Zia 1
Chair

Howard Garval
CEO

CEO Salary: $189,768  1
Other comp.: $9,519
Total: $199,287

1 Information is from the latest available IRS Form 990, which reflects fiscal year 2008-09

Directors:
(Directors are not paid)
Anton Krucky
Christine Camp
Carol Ai May
Colleen Wong
Djuan Rivers
Dwight Kealoha
Earl Stoner
Gayle Marumoto
Gina Pohlabel
Joanie Shibuya
John Arizumi
Kathryn Acorda
Kathryn Inouye
Kyle Chock
Lori Ann Lum
Lynn McCror
Mark Yamakawa
Maurice Myers
Neal Yokota
Paul Higo
Rann Watumull
Robert Fujioka
Robert Lindsey
Shelley Thompson
Stanley Hong
Stephanie Ackerman
Stephen Macmillan
Steve Metter
Timothy Johns
Tim Schools
Lisa Parrish
 


HAWAII COMMUNITY FOUNDATION (No. 139 on Top 250 List)

Barry Taniguchi 1
Chair

Kelvin Taketa
CEO

CEO Salary: $279,931 1
Other comp.: $37,579
Total: $317,510

1 Information is from the latest available IRS Form 990, which reflects fiscal year 2008-09

Directors:
(Directors are not paid)
Claire Asam
Jean Cornuelle
Samuel Cooke
Laurie Ainslie
Micah Kane
Charlie King
Gary Caulfield
Maggie Cole
Cathy Luke
Anthony Guerrero Jr.
David Nakada
Richard Gushman II
Paul Kosasa
Dorothy Haynes
Eric Yeaman
Lawrence Johnson
Peter Ho
Jennifer Sabas
Lawrence Stupski
 

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