White reports variety of investments in his financial disclosure

Mike White

Maui County Council Chairman Mike White jointly has investments in 37 different companies doing business in Hawaii, including Hawaiian Electric, Verizon Communications and Amazon.

The value of the investments ranges from $1,000 up to $99,999, according to his annually updated financial disclosure statement filed with the Maui County Board of Ethics. Filers are not required to disclose specific amounts, only ranges.

According to White’s disclosure, he has the most invested in KVH LLC, in which he has a joint 0.7 percent interest. He put the value of that investment in the range of $50,000 to $99,999.

KVH is a family-based trust with no holdings on Maui, according to White’s office staff. All of White’s other investments in other companies range from $1,000 to $49,999.

White’s filing was one of several submitted by current elected and appointed Maui County officials, along with some candidates running for public office. Financial disclosure deadlines vary for individuals, so not all officials filed recently. Last week, members of the Ethics Board acknowledged receipt of the public financial disclosures filed recently, including White’s.

The board does not approve or disapprove the disclosures. Instead, it reviews them to determine if there are any ethical issues that warrant further review.

White earns $82,225 annually as council chairman.

White’s disclosure lists other income in the range of $50,000 to $99,999 for each of his positions as general manager of the Ka’anapali Beach Hotel and Kaanapali Properties.

Although White’s exact private-sector job earnings were not revealed, White’s office reported that he takes home no more than he did prior to his election to the County Council. To do that, White has reduced his private-sector salary and donated part of his council earnings to charity and a portion of his salary to workers who need to fill in for him while he’s engaged in his council duties.

Regarding White’s several dozen investments, his office said that out of an abundance of caution, he listed each of the companies that may do business in Hawaii.

White’s spouse is a self-employed detection canine investigator. No compensation was listed.

Other sources of income for White include KVH LLC, Schwab and a REW Trust. All income levels are in the $10,000 to $24,999 range. He also jointly receives between $25,000 to $49,999 in rental income.

White jointly owes between $200,000 to $499,999 for a loan from First Hawaiian Bank.

He jointly owns two properties in Wailuku and one on Oahu.

White has represented the Ka’anapali Beach Hotel before the Maui Planning Commission for a special management area permit for beach erosion control. He is also the ex-officio director of the Maui Hotel & Lodging Association.

Maui County Council Members Don Guzman and Stacy Crivello also submitted financial disclosures. As council members, they each earn $76,475 annually.

According to his filing, Guzman’s wife, Dr. Rose Guzman, a physician at Maui Medical Group, earns between $200,000 to $499,999 annually.

Guzman, who is running for mayor this year, jointly earns between $10,000 to $24,999 from Ameriprise Financial from a Roth IRA and mutual diversified investment funds. He also jointly earns between $1,000 to $9,999 from his long-term retirement savings and investment mutual diversified funds’ thrift savings plan.

He owns his law practice, Law Offices of Don S. Guzman, which has a value of between $25,000 to $49,999. He has an annual income of between $1,000 to $9,999 from his law practice.

Guzman solely holds debt from an American Airlines Mastercard for between $1,000 to $9,999 and Jim Falk Chrysler Jeep Financing between $10,000 to $24,999.

He has jointly incurred debt from Capital One and American Express for between $1,000 to $9,999 each and jointly from American Savings and Hawaiian Airlines Mastercard for between $10,000 to $24,999 each. He jointly owes $500,000 or more to American Savings.

Guzman reported receiving gifts totaling $786 from the Maui Jim Maui Invitational, which included game tickets and tournament swag. He received a $50 apple gift box from Goodfellow Bros.; $75 worth of Alexander & Baldwin’s value-added products, which are Hawaii edible goodies and treats from A&B; and an assorted gift box of Maui Sweet Cakes worth $50 from the Maui Visitors and Convention Bureau.

Crivello has debts from Ally Financial and Bank of Hawaii between $10,000 to $24,999 each and has a mortgage from American Savings Bank between $200,000 to $499,999.

Crivello is among a group of owners of three properties in Hana.

Her shares are valued at $500,000 or more for two properties and one share valued between $100,000 to $199,999 for the third property.

Crivello reported receiving a gift of tickets from the 2017 Maui Jim Maui Invitational worth $2,238.

Department heads filing reports included Maui County Clerk Danny Mateo and Department of Water Supply Deputy Director Gladys Baisa, who is serving as acting director during the administrative leave of Director Dave Taylor.

Mateo earns $98,070 annually in his position.

He reports owing between $1,000 to $9,999 each for a Sears Master Card and a Discover Credit Card. He also has a mortgage between $25,000 to $49,999 from Bank of Hawaii.

Baisa earns $121,288 annually in her position.

Baisa’s spouse, Sherman Baisa, receives between $25,000 to $49,999 annually in retirement income.

Gladys Baisa reported earning between $25,000 to $49,999 each from her spouse’s state pension along with rental income. She earns between $10,000 to $24,999 from dividends and interest.

Baisa is a shareholder with Hawaiian Electric Industries, with the value of her investment listed as being between $200,000 to $499,999.

She has a half-interest ownership in a Makawao property and has a 99-year lease on a half-acre on Department of Hawaiian Homeland property in Keokea. No value ranges were listed.

* Melissa Tanji can be reached at mtanji@mauinews.com.

COMMENTS