It s No Surprise That CEOs Make More Than Other Employees. But How Much Is Too Much? - Honolulu Civil Beat
It’s No Surprise That CEOs Make More Than Other Employees. But How Much Is Too Much?
New legislation would make Hawaii the first state to tax executive pay gaps, but the proposal may be dead on arrival. Reading time: 8 minutes.
The bank’s chief executive officer, Robert Harrison, earned $6,011,668.
Harrison was paid 110 times more than the bank’s median employee, according to the company’s disclosures to the U.S. Securities and Exchange Commission last year.
A new proposal Senate Bill 747 in the Hawaii Legislature would change that by levying a general excise tax surcharge to any island business where the chief executive officer earns more than 100 times the company’s median employee.
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Kelly Hoen’s hotel career started at the Ilikai Hotel as a front desk clerk in 1979, and she rose up through the ranks to become general manager at a number of properties. These include the Kapalua Bay Hotel, where she increased occupancy by 26 percent; The Royal Hawaiian, where she was the first woman to serve as the hotel’s general manager; then The Modern Honolulu which she saw through a period of financial growth.
She joined the Outrigger Hospitality Group in 2017, overseeing operations at three properties. Through the Covid shutdowns she practically camped in the lobby to help managers, staff and guests navigate the strange experience. This inspired a career change, the kind a number of Hawaii-based executives might be considering if our local economy remains crippled, and that’s reaching out, professionally, beyond the Islands.
Longtime Hawaii hotel exec Kelly Hoen embarks on new career in leadership development bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.