RANK PREVIOUS COMPANY
1 1 Alexander & Baldwin
2 3 Maui Land & Pineapple
3 2 Harry & Jeanette Weinberg Foundation
4 4 Hawaiian Telcom
5 5 Maui Electric Co.
6 6 Trex Enterprises
7 7 Monsanto Hawai’i
8 9 Dowling Co.
9 8 Wailuku Water Co.
10 10 Makena Resort
And good ol’ Maui Land is back in the top two. It’s hard to deny their influence when the front page of the March 8, 2006 Maui News has a story drooling over the company’s plans to sell their 84 planned Kapalua Bay units—built on the bones of their old Kapalua Bay Hotel—for a whopping $4 million each. That’s $336 million total! “The [company’s] target audience,” Maui News reporter Harry Eagar dryly noted, “is millionaires wanting second homes.” And Wailuku Water Co. (formerly Wailuku Agribusiness) slips another notch on news that it’s stopped issuing hiking permits for people who want to visit Swinging Bridges. This would be bad, but company president Avery Chumbley recently told the Honolulu Advertiser that just one percent of visitors were bothering to get a permit in the first place. MTW
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