Skip Navigation

Close and don't show again.

Your browser is out of date.

You may not get the full experience here on National Journal.

Please upgrade your browser to any of the following supported browsers:

Koch Brothers, Cato to Settle Control of Think Tank Koch Brothers, Cato to Settle Control of Think Tank

This ad will end in seconds
Close X

Not a member? Learn More »

Forget Your Password?

Don't have an account? Register »

Reveal Navigation

 

Blogs / Influence

Koch Brothers, Cato to Settle Control of Think Tank

June 19, 2012
CORRECTION: A prior version of this story was incorrect. Freedomworks is not funded by the Koch brothers.

The gang at National Journal reports:

The Cato Institute and famed Republican donors Charles and David Koch are set to settle their legal dispute over control of the libertarian think tank, ending a high-profile spat that split the conservative movement.

"Looks like we've come to an accommodation with the Koch brothers, Cato founder and president Ed Crane said Tuesday in a email to employees. 

Staffers will be briefed Monday on the settlement by Cato Chairman Bob Levy and John Allison, a prominent libertarian and former BB&T chief executive office, who mediated the negotiations, Crane said. "It will be great to get all this unpleasantness behind us," he wrote.

In a follow up email to staff, Crane cautioned that negotiations are ongoing. 

The deal will settle a lawsuit the Koch brothers filed in February over shares that determine control of Cato. It results from the original division of shares between the two Koch brothers, Crane and late Cato Chairman William Niskanen. After Niskanen died of stroke complications in October, the Koch brothers claimed a founding shareholder agreement gave them the option to buy Niskanen's shares. Crane held they should go to Niskanen's widow, which would leave him in effective control of the organization.

The settlement involves dissolving the shareholder agreement. In addition, Crane is expected to retire under an agreement that allows him to select his successor, though the Koch brothers could veto the hiring. 

The lawsuit sparked concern that that Koch brothers, who have funded Tea Party linked groups like Americans for Prosperity, would seize control and force Cato, which has retained a strong nonpartisan, libertarian identity, to more closely hew to Republican positions.
More Blogs
Job Board
Search Jobs
Security Alarm Tech/Electrician
Lockheed Martin | Fairfax, VA
Systems Engineer Stf
Lockheed Martin | Washington, DC
Sharepoint Developer
Lockheed Martin | Tampa, FL
Intelligence Analyst Stf
Lockheed Martin | Springfield, VA
Info Assurance Engineer Sr
Lockheed Martin | Glen Allen, VA
Sr. Software Engineer
Lockheed Martin | Herndon, VA
Technical Service Engr Asc Mgr
Lockheed Martin | Herndon, VA
Software Engineer Sr
Lockheed Martin | King of Prussia, PA
Aircraft Maintenance Asc Mgr
Lockheed Martin | Warner Robins, GA
Software Engineer Sr Stf
Lockheed Martin | Herndon, VA
Software Engineer Sr Stf
Lockheed Martin | Herndon, VA
Proposal Analysis Mgr
Lockheed Martin | Herndon, VA
Maintenance Program Management Mgr
Lockheed Martin | Patrick AFB, FL
Assessment Engineer
Lockheed Martin | Bethesda, MD
Info Assurance Engineer Sr
Lockheed Martin | Bethesda, MD
Comments
comments powered by Disqus