Hawaiian Air CEO landed $3.3M in 2015
DENNIS ODA / DODA@STARADVERTISER.COM
Last year’s compensation package for Hawaiian Airlines CEO Mark Dunkerley was up 5.5 percent from 2014. He is shown at a board meeting at the airline’s headquarters in Honolulu.
Hawaiian Airlines President and CEO Mark Dunkerley received total compensation of $3.3 million in 2015 in what was a record earnings year for the state’s largest carrier.
Dunkerley, 52, was the third-highest-paid CEO at a Hawaii publicly traded company and trailed only Bank of Hawaii’s Peter Ho, $5.2 million, and Matson Inc.’s Matt Cox, $4.4 million.
Hawaiian recorded a company-record $189.3 million in adjusted net income last year and flew a record 10.7 million passengers.
Dunkerley’s pay package was up 5.5 percent from the $3.1 million he received in 2014, according to a proxy that the company filed Friday with the U.S. Securities and Exchange Commission.
Dunkerley ranked fourth in 2014 but moved ahead of Hawaiian Electric Industries’ Connie Lau in 2015 into third place. Lau, who heads the state’s largest electrical utility, saw her pay drop 52 percent to $2.7 million.
Dunkerley’s base salary last year was $695,000, up 6 percent from $655,625 in 2014. He also received $1.6 million in stock awards, $936,000 in nonequity incentive plan compensation and $44,328 in all other compensation.
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The SEC’s proxy rules require companies to list the compensation of their chief executive officer, chief financial officer and the other three most highly compensated employees serving as executive officers at year-end.
Hawaiian’s regulatory filing comes at a time when the company is in prolonged contract negotiations with its pilots union, which is seeking a 45 percent increase in overall contract value.
It would bring its 630 pilots in line with market rates that pilots at other major carriers receive for flying similar aircraft.
Chief Commercial Officer Peter Ingram saw his total compensation drop 9 percent to $1.3 million from $1.4 million in 2014.
Chief Financial Officer Shannon Okinaka, who had served in an interim capacity before being named to that position in May, received $1.1 million. Her compensation wasn’t listed for 2014.
Chief Administrative Officer Ron Anderson-Lehman received $1.1 million, down 12.7 percent from $1.3 million the previous year.
Barbara Falvey, senior vice president of human resources, earned $818,232. Her compensation wasn’t listed for 2014.
Former Chief Financial Officer Scott Topping, who left the company Jan. 12, received $422,818, including severance of $376,000. In exchange for signing a release of undisclosed claims against the company, Topping was paid his base salary until the first anniversary of his last day of employment and received a prorated bonus for calendar year 2015.
In 2014 Topping received total compensation of $953,002, including a base salary of $338,750.
In June Topping was named chief financial officer for Kamehameha Schools.
The company will hold its annual shareholders meeting at 8 a.m. May 18 at Hilton Hawaiian Village’s Kalia Executive Conference Center in the Hibiscus Room.
Hawaiian’s stock closed up 90 cents Friday to an all-time high of $48.20. The company’s shares are up 119 percent over the past 12 months and ahead 36.4 percent since Jan. 1.
The company will announce its first-quarter financial results April 21.
12 responses to “Hawaiian Air CEO landed $3.3M in 2015”
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But make sure not to pay the people who do the real work… Nice going mark…
Oh please, HA’s workforce is all unionized. They have good pay and nice bennies. Give it a rest man.
Go talk to their pilots. Oh wait. You probably know it all. Never mind.
Share with us how much a HA A330 Captain makes.
You must be too busy to respond. Maybe you can just confirm that the salary for an A330 Captain earns more than $200,000 per year.
and who are u referring to ?
I’m actually very happy to see Mr. Dunkerley get a raise in his compensation package. HawaiianAir (of which I have been a loyal customer for over 20+ years) is a great company that does a good job, providing an excellent service. The single biggest reason they do as well as they do, as surveyed by their millions of customers each year, is primarily to their great employees who work hard everyday to keep them a highly rated airline at a national level. THIS UNDERSCORES WHY THEIR PILOTS NEED TO SECURE A WAGE/COMPENSATION INCREASE. Simply put, if their executives are enjoying the fruits of profitable success, their employees should all enjoy the same. The pilots that “manage risk” aboard HA’s million dollar planes, carrying millions of passengers all over the Pacific Basin, do so without incident, have a spotless safety record, are as professional as they get in this competitive industry, and through their performance, earns HA all the profits the execs enjoy…..the pilots enjoy an increase in compensation proportional to Mr. Dunkerleys. Everyone understands this simple concept. If you reward the boss for a job well done, reward the employees, too. Today, far too many corporations are providing wage/compensation package increases to executives, even when they are LOSING money and performing poorly. What a tragedy. Corporate America needs to get their priorities straight. As do shareholders. You CANNOT hand out bonuses to executives in the boardroom…then tell your own employees “too bad for you, no raises”. Really? Time to make it right.
pilot16, I think you are the only person that likes HA, everybody else can’t stand them. JD Powers doesn’t even rate Hawaiian, nothing good to say about them.
Smart comment dumbrunner
I’m guessing dumbrunner is a bitter ex-aloha loser that couldn’t get hired by Hawaiian, and now spends his day bashing a really good company.
What would you think if the gas company’s fuel cost dropped 50% and instead of dropping their price, gave themselves a 1000% raise?
43.3M of our money.