David C. Farmer, Successor-Trustee vs. Harmon
(Formerly Woo vs. Harmon & Nicholson vs. Harmon)
CV05-00030 DAE KSC
U.S. District Court For the District of Hawaii
Judges: David A. Ezra; Kevin S. Chang
DEFENDANT’S MOTIONS FOR ABATEMENT, DAMAGES, ETC.
ERIC K. YEAMAN
President, Hawaii Telcom, former financial vice president, treasurer, and chief financial officer of Hawaiian Electric Industries (HEI). Eric K. Yeaman was formerly with the Honolulu office of Arthur Andersen, which oversaw the audit of Kamehameha School’s finances and administrative functions that played a major role in the 1999 removal of the former trustees. Yeaman was then called on to become chief financial officer of Kamehameha Schools as the institution made the transition to a CEO-based operation with Hamilton McCubbin named as Kamehameha Schools’ first CEO. Mr. Yeaman has been on the Boards of The Nature Conservancy of Hawaii, UH Alumni Association, and Enterprise Honolulu.
Eric K. Yeaman was also a named witness, along with Defendant, in EQ2048 - the Attorney General’s lawsuit to remove the former Bishop Estate trustees.
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NEW DISCOVERY (11-30-08):
THE BEST GOVERNMENT MONEY CAN BUY
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February 5, 2008
HawTel replaces CEO with turnaround specialist
Hawaiian Telcom CEO Mike Ruley was dismissed yesterday. His replacement is Stephen Cooper, co-founder or Kroll Zolfo Cooper, a New York City-based interim management firm. Cooper is best known as the Enron’s CEO during the company’s bankruptcy. Today’s Star-Bulletin article has a brief biography of Cooper. Kevin Nystrom, a senior director at KZC, will join HawTel as COO.
While Cooper stated in today’s Honolulu Advertiser that HawTel is not a “distressed company”, it’s now clear that the Carlyle Group is unhappy with their acquisition’s performance. HawTel has lost thousands of subscribers to mobile carriers and Time Warner Oceanic’s VoIP services, leading to US$137 million in financial losses since 2006. I mentioned some of the operational issues on my old blog on 16 November 2006, and last week BusinessWeek discussed how market forces have affected the US telecom industry overall.
The Advertiser noted that Ruley put his Kahala home on the market in early January, which is a possible indication that changes were coming at HawTel. The company has eliminated over 100 management positions since October 2007.
Tags: businessweek, business_model, car, ceo, content, cxo, Hawaii, Hawaiian, Hawaiian-Telcom, Honolulu, management, mobile, new-york, ocean, telecom, time, Time-Warner-Cable, USA, VoIP, Wikipedia
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Eric Yeaman is expected to testify regarding “arms-length” issues between Kamehameha Schools and its for-profit subsidiaries, in particular with P&C Insurance Company, Inc. He is also expected to testify regarding his business, professional, personal and political relationships with Robert Clarke, Edwina Clarke, Francis Keala, Constance Lau, Diane Plotts, Mark Hemmeter, Robert Kihune, Gilbert Tam, Oswald Stender, Hamilton McCubbin, Rodney Park, Yukio Takemoto, Wally Chin, Maryanne Inouye, Clyde Mark, Rocco Sansone, Christine Lee, Marsh & McLennan, Chubb Group, AIG, Mark Bennett, Hugh Jones, Dorothy Sellers, Judge Kevin Chang, Judge David Ezra, Judge Eden Elizabeth Hifo (fka Bambi Weil, Colbert Matsumoto, Island Insurance Company, Judge Barry Kurren, Faye Kurren, The Nature Conservancy, Jeff Watanabe, Nathan Aipa, Colleen Wong, Louanne Kam, Mark McConaghy, PricewaterhouseCoopers, Gilbert Ishikawa, Dennis Fern, Kukui, Inc., Michael McKenzie, McKenzie Methane, Janet Hughes, Lyn Anzai, Earl Anzai, Guido Giacometti, Susan Tius, Don Carroll, Castle & Cooke, Oceanic Cablevision, Steve Case, Victor Hao Li, George Ariyoshi, John Waihee, Ben Cayetano, Linda Lingle, Bill Mills, Maury Myers, Aloha Airlines, Janet Yoshida, Hawaiian Airlines, Lawrence M. Johnson, Steven Guttman, Mary Lou Woo, Summit Communications, Sandwich Isles Communications, Aloha Petroleum, James Ahloy, Dwight Yoshimura, Jean Rolles, Outrigger Enterprises, Dalton Tanonaka, Admiral Thomas Fargo, Joseph Ferreira Jr., Dwight Kealoha, Robert Herkes, Rockne Freitas, Larry Mehau, Stanford Carr, Kirk Belsby, Al Chee, Chevron-Texaco, Ken Lay, Enron, Tesoro Hawaii, Enterprise Honolulu, Paul Alston, Alston Hunt Floyd & Ing, Judith Neustadter Fuqua, June Jones, Ron Rewald, James Nicholson, David C. Farmer, Greg Dunn, The Hawaii Nature Center, Peter Savio, Sukamto Sia, Carol Muranaka, Carlyle Group, Walter Dods, Hawaiian Telcom, Stephen Cooper, and other entities to be named upon discovery.
For more information from the internet:
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Documents, News Articles and Related Links
Claims By Harmon
IRS - PricewaterhouseCoopers, Arm’s Length and Intermediate Sanctions
IRS - Closing Agreement for Kamehameha Schools
Hawaii Dept. of Labor - CV 98-2394-05 - Unemployment Insurance Appeal
RICO Lawsuit - 99-CV-00304-DAE-BMK
Equity 2048 -The Richards Report
XL Reinsurance Policy No. XLRKS-01796
Equity 2048 - Related Correspondence and Documents
Excerpts from “Broken Trust” by Samuel King and Randall Roth
Excerpts from “Lost Generations” by J. Arthur Rath
TO GO TO THE DAVID C. FARMER VS. HARMON WITNESS INDEX
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July 20, 2006: Originally posted on www.the-catbird-seat.net
March 13, 2007: Judge David Ezra signs Order to shut down website
December 2, 2008: Latest update on www.kycbs.net
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