Finance Factors, Hawaii’s largest depository financial services loan company, said Friday it donated $20,000 to Big Brothers Big Sisters Hawaii, a nonprofit organization dedicated to offering life-changing, one-to-one mentorship programs to Hawaii’s youth.
The funds were raised through the fourth annual 2017 Finance Factors Foundation Charity Golf Tournament, which was held Thursday at the Hawaii Prince Golf Club.
Facebook kills proposal for new stock class
NEW YORK >> Mark Zuckerberg said Friday that Facebook is withdrawing plans to create a new class of stock that would have let him keep tight reins on the social media company even as he sold down his stake to fund his philanthropy.
Zuckerberg had said in April 2016 that the plan for the new shares would let him fund his philanthropy goals while keeping control of Facebook. But shareholders sued, arguing the move would give an unfair economic advantage to the company’s founder. A class-action trial on the matter was due to start next week in Delaware but was called off with Zuckerberg’s announcement.
The billionaire CEO said in a Facebook post that because the value of Facebook’s stock has grown, he can fully fund the philanthropy while still keeping voting control of the company for “20 years or more.”
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ON THE MOVE
The University of Hawaii Foundation has announced two new directors of its alumni relations and development teams:
>> Andrea Furuli is the new regional director of development for Hawaii island. She will lead the fundraising team across the island on behalf of the University of Hawaii at Hilo, Hawaii Community College and Palamanui campuses. Furuli was previously a senior philanthropy advancement officer since 2015 at the Hawaii Community Foundation and an associate director of development at the UH Foundation in the UH-Hilo Office of Development for eight years, then director for two years.
>> Bianca Mordasini is the new director of alumni engagement for the University of Hawaii-Manoa Shidler College of Business. Her responsibility is to build and sustain relationships with graduating students and alumni of Shidler College of Business. Mordasini previously worked at the Trump International Hotel Waikiki.
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