- Paperback: 324 pages
- Publisher: University of Hawaii Press (March 2006)
- Language: English
- ISBN-10: 082483044X
- ISBN-13: 978-0824830441
- Product Dimensions: 2.3 x 1.8 x 0.2 cm
- Shipping Weight: 544 g
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Most Helpful Customer Reviews on Amazon.com (beta)
Amazon.com:
4.4 out of 5 stars (15 customer reviews)
14 of 16 people found the following review helpful
5.0 out of 5 stars
A riveting read about unbridled greed for money and power, Mar 10 2006
By PsyKailuan "Keoki" - Published on Amazon.com
This review is from: Broken Trust: Greed, Mismanagement, & Political Manipulation at America's Largest Charitable Trust (Hardcover)
As a former 20 year resident of Hawaii and student of Professor Roth, I found this book to be as entertaining as any fictional crime story, but unfortunately more than true to life. It is easy to read yet full of detail and background. We lived in Hawaii during the period of time when the Bishop Estate and its trustees went from merely connected and powerful to arrogant, abusive and above the law. It was amazing to watch the speaker of the house become a trustee and continue to hold his speaker's position and vote on legislation directly affecting the trust. Professor Roth and Judge King provide the historical backgound to help the reader understand the origins of the trust and how the combination of immense wealth, control of large tracts of residential land, a one-party state, and a trustee nominating process linked hand in glove with the courts and the political process lead to such gross mismanagement and personal hubris. What is difficult to convey in just words to those who did not live in Hawaii during these times is just how untouchable the estate and the trustees were until the students and their families began to speak out, and how unprecedented the march on the trustees offices and the publication of the Broken Trust essay in the Star-Bulliten were. The book also provides additional insight into how the very political process that lead to the abuses then fostered the downfall of the trustees, as attacks on the unattackable (the trustees) became a way for an incumbent Democratic governor to distance himself from a party that had become synonymous with the excesses of the trustees. The only short-coming of the book is one that the authors cannot directly control - and that is the fact that many of the documents created during the investigation of the trustees are still blocked from publication. One can only hope that at some point in time the courts will see fit to honor Pauahi's request that there be a full accounting of the activities of the trust and its trustees. I will now probably go back to my bookshelf and pull out George Cooper's and Gaven Daws" "Land and Power in Hawaii" (a much denser read) and re-read chapter 13 -The Maryland Law.Highly recommended.
7 of 7 people found the following review helpful
4.0 out of 5 stars
A Must-Read for Followers of Non-Profit Organizations, Aug 29 2006
By Reinerlaw "reinerlaw" - Published on Amazon.com
This review is from: Broken Trust: Greed, Mismanagement, & Political Manipulation at America's Largest Charitable Trust (Paperback)
As an attorney who serves on and counsels boards of non-profit institutions, I was espcially interested in this compelling tale of what amounts to a worst-case scenario. Princess Pauahi's last will left a trust corpus so large that it called for persons most experienced in management of investments. But for decades, the judge-appointed trustees (a decidedly amateurish lot) were insensitive to their awesome responsibility for providing high-level academic and cultural education to thousands of Hawaiian children, the beneficiaries under the last will of the Princess. This is a close account of the bumps and warts of trustees who have succumbed to temptation, from which we learn that trustees, regardless of the scale of assets under their administration, and regardless of the particular political system and the courts that have the duty to supervise them, need to be held to account regularly.
6 of 6 people found the following review helpful
5.0 out of 5 stars
Very highly recommended reading, Jan 5 2007
By Midwest Book Review - Published on Amazon.com
This review is from: Broken Trust: Greed, Mismanagement, & Political Manipulation at America's Largest Charitable Trust (Paperback)
Written by district court judge Samuel P. King and law teacher Randall W. Roth, Broken Trust: Greed, Mismanagement & Political Manipulation at America's Largest Charitable Trust is the true story of greed, corruption, and mismanagement that plagued the "nation's wealthiest charity" according to the Wall Street Journal circa 1995 - the Bishop Estate, legacy of Hawaiian Princess Bernice Pauahi Bishop, who created the trust to maintain the educational institution of Kamehamea Schools and therefore benefit the children of Hawaii. In August 1997, four respected leaders of the native Hawaiian community and a professor of trust law publically accused the Bishop Estate's trustees with gross incompetence and severe trust abuse, to the point of being criminal, in a statement titled "Broken Trust". Now Broken Trust: Greed, Mismanagement & Political Manipulation gathers never-before-public information concerning the entire sordid matter, especially highlighting how corruption flourished in the legislature, courts, and legal profession, and how the media and the native Hawaiian community neglected to take a stand against it - virtually the opposite; the community would often be coaxed into protesting attempts to reform the trust or limit the power of the trustees. Broken Trust is not only a case study, but also offers larger lessons about the dangers of unchecked power and civil responsibility, and is very highly recommended reading for American and Hawaiian history shelves in public, college, and private libraries alike.
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