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Nearly a year after a march on the Supreme Court building energized opposition to Bishop Estate's trustees, Roth hosts Toni Lee and Jan Dill of Nā Pua a Ke Aliʻi Pauahi and takes a call from State Representative Ed Case. Lee, who was in Florida during the original march, and Dill, who was in Turkey, describe how the student petition was the spark that ignited the Ohana. A second march is set for May 15. Case reports that a trustee compensation bill passed the legislature 50 to 1 — after nearly failing — shifting trustees from a statutory formula to a "reasonable compensation" standard; under the old formula, the estate lost $264 million in fiscal 1994 yet trustees were entitled to over $11 million in fees. Dill raises the additional concern that trustees have been collecting directors' fees from estate-owned corporations beyond their base pay, figures never fully disclosed. Lee argues the trustees are unqualified because they were legislators, not professionals suited to managing a trust. Callers ask whether a qualified trustee must be Hawaiian — Lee and Dill say no, qualification and values come first — and question how the estate spends its wealth relative to its educational mission.
Transcript
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