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Broken Trust: Greed, Mismanagement, Political Manipulation at America's Largest Charitable Trust (A Latitude 20 Book) ebook

by Randall W. Roth,Samuel P. King


What makes Broken Trust so fascinating is that it works on multiple levels.

What makes Broken Trust so fascinating is that it works on multiple levels.

Entitled Broken Trust, the statement provided devastating details of rigged . Randall W. Roth has taught at the University of Hawai‘i William . .

Entitled Broken Trust, the statement provided devastating details of rigged appointments, violated trusts, cynical manipulation of the trust s beneficiaries, and the shameful involvement of many of Hawai‘i s powerful. No one is better qualified to examine the events and personalities surrounding the scandal than two of the original Broken Trust authors. His father, Samuel W. King, was a Bishop Estate trustee from 1957 until his death in 1959. Roth has taught at the University of Hawai‘i William S. Richardson School of Law since 1982.

The sub-title of this book is "Greed, Mismanagement and Political Manipulation at America's Largest Charitable Trust" and that sub-title tells the story. When I moved to The Big Island in 1994, this debacle was already playing out. I couldn't make sense of it then, but this book, written in 2006, spells out the whole ugly tale.

EPP standard - home business Broken Trust: Greed, Mismanagement & Political Manipulation at Americas Largest Charitable Trust (A Latitude 20 Book) Samuel P. King, Randall W. Roth 9780824830441 Princess.

EPP standard - home business. Broken Trust: Greed, Mismanagement & Political Manipulation at Americas Largest Charitable Trust (A Latitude 20 Book) Samuel P. Roth 9780824830441 Princess Bernice Pauahi Bishop was the largest. Make Money Today Make Money Online How To Make Money Broken Trust University Of Hawaii Getting Him Back Broken Relationships Knowing Your Worth Build Your Brand.

Subject: Charitable uses, trusts, and foundations - Hawaii. Books - News - Features - Archives - The Inside Story.

General Note: Includes index. Newfound wealth, cultural rebirth, seeds of discontent The trust plays politics as activism grows Shell-shocked lottery winners The "black and blue" panel Five fingers, one hand The education trustee "We must march!" A tinderbox waiting for a match Time to say, "No more" Like investigating the CIA Mistrust and paranoia A world record for breaches of trust "That's just the way you do it" Public pressure forces a political shift Trustees surrounded End of the line "Healing" and "closure" Eternal vigilance.

Written by district court judge Samuel P. King and law teacher Randall W.

book by Samuel P. King.

Samuel P. King and Randall W. Roth. Samuel P. King is Senior . District Judge, District of Hawai‘i, appointed in 1972, following eleven years as a Hawai‘i State Circuit Court judge

Samuel P. Princess Bernice Pauahi Bishop was the largest landowner and richest woman in the Hawaiian kingdom. District Judge, District of Hawai‘i, appointed in 1972, following eleven years as a Hawai‘i State Circuit Court judge. Roth is professor of law at the University of Hawai‘i.

Princess Bernice Pauahi Bishop was the largest landowner and richestwoman in the Hawaiian kingdom. Upon her death in 1884, sheentrusted her property - known as Bishop Estate - to five trustees inorder to create and maintain an institution that would benefit thechildren of Hawai'i: Kamehameha Schools. A century later, BishopEstate controlled nearly one out of every nine acres in the state, aconcentration of private land ownership rarely seen anywhere in theworld. Then in August 1997 the unthinkable happened: four reveredkupuna (native Hawaiian elders) and a professor of trust-law publiclycharged Bishop Estate trustees with gross incompetence and massivetrust abuse.
Conjuril
I am so proud and humbled to have met and known both Judge King and Professor Roth... These men and their fellow writers of the essay "Broken Trust" and this subsequent book, which reads like a top selling mystery novel, were and do continue to be so brave for providing truth and honesty to save Pauahi's legacy... They went against all odds with so many people and institutions who tried to stop them from telling the truth, but they prevailed and have saved the Princess' gift for future generations...They say that a true hero is someone who is an ordinary person who does extraordinary things when called upon. To me the writers and especially Randy Roth of "Broken Trust" are truly heroes and I will always admire them...Thank you for making a difference for Hawaii...
Purestone
"Broken Trust" is a must read for anyone who likes non-fiction legal books or is interested in Hawaiian politics.

It lays out in gory detail what happened when a group of political semi-hacks (the Hawaiian Supreme Court) installed a group of pure political hacks (Democratic insiders) as trustees of the Bishop Estate, the largest private landowner in Hawaii and the wealthiest charitable trust in the U.S. (it funds the Kamehameha schools for Hawaiian children). Egregious cronyism turned the Bishop Estate into a cesspool of self-dealing, sweetheart loans, bribes, sloppy management, personal vendettas, and excessive trustee compensation -- abuses which, in turn, set the stage for public outcry, IRS audits, official investigations, endless litigation, haole-baiting, and more. The whole soap opera convulsed Hawaii in the mid-to-late 1990s. At least the good guys won (sort of).

It's a ghastly, hilarious story, told with verve and insight by the authors. They definitely know what they're talking about: one was a federal judge in Hawaii, the other taught at the University of Hawaii law school, and both played an active role in exposing the misdeeds at Bishop Estate. In fact, they were so deeply involved in the Hawaiian legal world that I had to wonder whether they used the book to settle personal scores. Maybe they did. But, in the end, the story was so gripping that I didn't care. I took off one star mainly because of the absence of footnotes. The lack of any scholarly apparatus is disgraceful in a book published by a university press.

Personal note: My best friend from college practices law in Honolulu. Over the years he has regaled me with stories of the rotten, incestuous links between the business, political, and legal establishments in Hawaii. I always thought he was exaggerating. Now I don't.
I love Mercedes
our sad plight of being colonized and Americanized....but, it is what it is.. What little do tourists know of the agony and the plight of the Native Hawaiians under the shadow of the flag of the Stars and Stripes. The scandalous stories of how the lives of its citizens are embroiled by the heinous machinery of corruption...an off shoot of the overthrow of the Monarchy's last Royal, Queen Liliuokalani, the regal whose broken heart can be heard in her famous song , "Aloha Oe "...listen to the melody, the lyrics and you might begin to unravel the true heart of the Hawaiian Story.
Visonima
As a frequent visitor to Hawaii since 1981 from the mainland I decided it was time to learn more about Hawaii. I found this written story of the Bishop Estate to be very well written, easily read and captivating. A brief summary about the history of Hawaii was included and that laid the groundwork for the larger body of work which was about the culture of greed that prevailed in so many unlikely places. I found it hard to put the book down because of the many twists and turns taken by trustees, their attorneys, the various Hawaiian courts and justices, the Hawaiian and US government, not the least of which was the Internal Revenue Service. The Hawaiian people have been greatly effected in so many ways by the United States. It was interesting to learn how Princess Pauahi came to inherit so much of the Royal land in Hawaii and that she was able to make such an enormous gift to be used for the education of Hawaiian children. It was not a great surprise that greed, mismanagement and political manipulation was alive and well with the Bishop Trust. It still exists everywhere but hopefully not to this extent! I was shocked at the length of time it prevailed and the depth of it was a surprise. This was a great read for me and I highly recommend it.
kinder
It is difficult to comprehend the courage it took for Randall Roth and Samuel King to publish this book, unless you lived in Hawaii. Hawaii is a small state and Bishop Estate is the big fish in the small pond. The book details how the one whistle blower was fired from Bishop Estate and hounded until he lost his house, was bankrupt and had to move away from Hawaii.

In 1990, Bishop Estate was conservatively estimated to have an endowment of $10 billion, invested largely in land in Hawaii. The value of land in Hawaii has increased since 1990.

The book provides a blow by blow account of how Bishop Estate was manipulated to become a political plum, with political insiders selected as trustees. Then trustees kept giving themselves pay raises. Compensation was nearly $1 million each annually as well as self-dealing contracts for additional compensation. The book also details non-bid contracts for trustee's family and friends. According to the book, from 1991 to 1996, Bishop Estate trustees admitted they suffered almost $400 million in losses and loss reserves on investments.

The book describes how the state judiciary threw out the criminal indictments against the trustees on procedural grounds. Without deciding whether crimes had or had not been committed, the judciary sharply criticized the attorney general's office for being overzealous in efforts to secure indictments. They also declared the entire matter finished and no new indictments could be brought. The Bishop Estate trustees were not required to compensate the trust for mismanagement.

The book makes one wonder if the Bill and Melinda Gates Foundation could be manipulated in the future by politicians, like Bishop Estate was.
Broken Trust: Greed, Mismanagement,  Political Manipulation at America's Largest Charitable Trust (A Latitude 20 Book) ebook
Author:
Randall W. Roth,Samuel P. King
Category:
Americas
Subcat:
EPUB size:
1643 kb
FB2 size:
1622 kb
DJVU size:
1636 kb
Language:
Publisher:
Univ of Hawaii Pr (March 1, 2006)
Pages:
324 pages
Rating:
4.1
Other formats:
rtf azw lit lrf
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