Jeff Bezos, The Pokemon Company, Skechers And More: How Billionaires And Corporations Are Helping Hawaii
Portfolio Pulse from Chris Katje
Wildfires in Hawaii have caused widespread devastation, impacting residents and businesses. Several corporations and individuals have stepped forward with donations to support those affected. Companies with major operations in Hawaii, such as Hawaii Electric Industries (NYSE:HE), Bank of Hawaii Corporation (NYSE:BOH), and Hawaiian Holdings (NASDAQ:HA), could be severely impacted. Other companies, including Endeavor Group Holdings (NYSE:EDR), Jefferies Financial Group (NYSE:JEF), Skechers USA (NYSE:SKX), Nintendo Co (OTC:NTDOY), Teladoc Health (NYSE:TDOC), and Nestle (OTC:NSRGY), have made donations or offered support.
August 14, 2023 | 9:03 pm
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NEGATIVE IMPACT
Bank of Hawaii Corporation could be impacted by the evacuation of residents and calls for tourists to stop traveling to the state.
The evacuation of residents and reduced tourism could lead to a decrease in the company's customer base and revenues.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Hawaiian Holdings could be impacted by the evacuation of residents and calls for tourists to stop traveling to the state.
The evacuation of residents and reduced tourism could lead to a decrease in the company's customer base and revenues.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Hawaii Electric Industries could be severely impacted by the wildfires and the subsequent rebuilding.
The wildfires and the subsequent rebuilding could disrupt the company's operations, potentially leading to financial losses.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Endeavor Group Holdings has donated $1 million to the relief efforts in Hawaii.
The company's donation could improve its public image, but it's unclear how this will impact its financial performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
Jefferies Financial Group has pledged to donate one day of its trading revenue to help the relief efforts in Hawaii.
The company's donation could improve its public image, but it's unclear how this will impact its financial performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
Nestle's unit Purina has donated $25,000 to Greater Good Charities as part of the Hawaii relief efforts.
The company's donation could improve its public image, but it's unclear how this will impact its financial performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
The Pokemon Company, partially owned by Nintendo Co, has donated $200,000 to Hawaii’s Wildfire Relief Fund.
The company's donation could improve its public image, but it's unclear how this will impact its financial performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
Skechers USA has pledged $250,000 to the Hawaii Community Foundation’s Maui Strong Fund and is also shipping supplies to residents.
The company's donation and support could improve its public image, but it's unclear how this will impact its financial performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
Teladoc Health is offering free general medical telehealth visits for Hawaiian residents and first responders.
The company's support could improve its public image, but it's unclear how this will impact its financial performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60