Word: ho
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...story, 1,056-unit cooperative apartment building. In Hong Kong, the foundation for a new 166-room hotel is being laid. In Manila, Tokyo and Bangkok a network of agents are investigating new business opportunities. Masterminding this transpacific wheeling and dealing is stocky, cigar-chomping Chinn Ho, 57, the prototype of Hawaii's newest business phenomenon: the self-made, fast-moving Hawaiian millionaire of Oriental descent...
...families through a web of interlocking marriages and directorates. With clerkships the top jobs offered to them by most haole firms, Hawaiians of mixed blood turned to running hui-syndicates in which one astute businessman administers the pooled resources of the members. So successful a hui manager was Chinn Ho that he cracked Hawaii's bamboo curtain and gained a toehold in the haole establishment; he was the'first Oriental named a trustee of one of Hawaii's landed estates, the huge Robinson estate, a bastion of Hawaiian conservatism, first Oriental invited to join the businessmen...
Nothing from Grandfather. The first move is Chinn Ho's trademark. He has made the foundation of his empire, Honolulu's $25 million Capital Investment Co., Ltd., so flexible that it can quickly and easily be tailored to attract the risk capital required for specific situations. Stretching out from Capital are ten subsidiaries with tentacles reaching out all across the Pacific; some subsidiaries have subsidiaries; one sub-subsidiary in turn controls three other corporations. Through Capital, Ho controls the whole complex. "We can arrive at very fast decisions," he says. "That's the essence of our operation...
Hawaii-born Chinn Ho started out as a bank messenger after graduation from high school, jumped to a brokerage house, studied the stock market reports so dili gently that he became a customers' man. With his shrewd head for finance, Ho began to supervise a number of hui; he speculated in Philippine real estate, bought Waikiki land for as low as 40? a square foot. During World War II, he stepped up his operations, bought up choice Hawaiian land put on the market by islanders fearful of Japanese invasion...
...This Is a Small Town." By 1944 Ho's hui had become too large and awkward to manage so informally. Ho formed Capi tal Investment Co., three years later made his first big killing at the expense of Castle & Cooke, one of Hawaii's conservative "big five" companies. He coolly raised Castle & Cooke's $800,000 bid for the 9,000 acres of a defunct sugar company on Oahu. Four years later, after parceling off only 40% of the land to small farmers, Ho had collected $3,000,000 more than he had paid for the acreage...