More ML&P Corporate Crimes
February 3, 2010 8:28 am > MAUI TODAY, > Maui Yesterdays |
 Cordova Ice Worm DayDay 34 of 2010 331 days left in this year |
HAWAIIAN WORD OF THE DAY — Aihui: Robbery PIDGIN WORD OF THE DAY— Stilim: Steal HAWAIIAN PROVERB OF THE DAY — “A thief is also a liar.” HAOLE QUOTE OF THE DAY — “That’ll be the day when I die” – Buddy Holly
TODAY: The Day the Music Died. Maui Land & Pineapple Co. will cease paying for life insurance and medical coverage for all its non-contractual retirees. About 400 retirees and their survivors are affected by the cancellation of their group life insurance, and a little over 100 by cancellation of medical coverage, according to present CFO John Durkin.
While workers and shareholders have been shafted, management has made out like a bandit. For 2008, under chairman, president and CEO David Cole, ML&P posted annual losses of $79 million. For the same period, Cole was compensated $2.8 million. The previous year he was awarded a $1.02 million bonus. Cole was terminated as of January 2009, leaving the helm with a multi-million dollar severance package. In January 2010, the NYSE cautioned ML&P on possible delisting. Today its stock is selling at just over $3 a share, after a high of $47.12 in the 1st quarter of 2005. Thanks again, David Cole! More >
February 3, 1959: THE DAY THE MUSIC DIED – Fifty-one years ago today, rock ‘n’ roll stars Buddy Holly, Ritchie Valens and J.P. “The Big Bopper” Richardson, along with the pilot Roger Peterson, died in a plane crash near Clear Lake, Iowa. More >
February 3, 1934: Maui gets another first for Hawaii: the first ever bank robbery in the Territory is committed in Paia. Two men, one armed, steal $976 from a teller – who was the only other person in the bank. They escaped by automobile. The Hawaiian Historical Society reports that: “Although neither robber was masked, one of them sported a large Groucho Marx mustache he had painted on himself with an eyebrow pencil. Captured a few hours later, the culprits proved to be two brothers from Lahaina.” It wasn’t untl 1955 that anyone tried to rob a bank in Hawaii again.
HISTORICAL EVENTS ON THIS DAY — February 3
- 1690: The first paper money in America was issued by the colony of Massachusetts.
- 1809: The territory of Illinois was created
- 1913: The 16th Amendment, providing for a federal income tax, was ratified
- 1964: The album “Meet the Beatles” goes gold
- 1994: The space shuttle Discovery blasted off with a woman, Air Force Lt. Col. Eileen Collins, in the pilot’s seat for the first time
- 2005: Alberto Gonzales won Senate confirmation as attorney general
- 2006: An Egyptian passenger ferry sank in the Red Sea during bad weather, killing more than 1,000 passengers.
- 2009: Eric Holder was sworn in as attorney general, becoming the first African-American to hold the post.
BORN ON THIS DAY — February 3
- 1809: Felix Mendelssohn-Bartholdy, composer
- 1811: Horace Greeley, editor
- 1883: Clarence Mulford, western writer (Hopalong Cassidy)
- 1874: Gertrude Stein, writer
- 1894: Norman Rockwell, artist/illustrator
- 1904: Charlie “Pretty Boy” Floyd, FBI Most Wanted criminal
- 1918: Joey Bishop, comedian/talk show host
- 1920: Dr. Henry Heimlich,
- 1935: Johnny “Guitar” Watson, rock guitarist
- 1943: Blythe Danner, , actress
- 1943: Dennis Edwards, rocker (Temptations)
- 1943: Eric Haydock, bassist (Hollies)
- 1945: Bob Griese, NFL quarterback
- 1947: Dave Davies, rock musician (The Kinks)
- 1947: Melanie, folk singer
- 1950: Morgan Fairchild, (Patsy McClenny),
- 1956: Nathan Lane, Tony Award-winning
- 1958: Lee Crystal, rocker (Joan Jett & Blackhearts)
- 1962: Michele Greene, actress
DIED ON THIS DAY — February 3
- 1468: Johannes Gutenberg, German publisher
- 1566: George Cassander, Flemish theologian (b. 1513)
- 1832: George Crabbe, English naturalist (b. 1754)
- 1889: Belle Starr, American outlaw (b. 1848)
- 1922: John Butler Yeats, Northern Irish artist (b. 1839)
- 1985: Frank Oppenheimer, American physicist (b. 1912)
- 1989: John Cassavetes, American actor (b. 1929)
- 1998: Fat Pat, American rapper (Screwed Up Click) (b. 1970)
- 2003 :Lana Clarkson, American actress and model (b. 1962)
- 2009: Sheng-yen, Buddhist monk and founder of Dharma Drum Mountain. (b. 1930)
