No doubt you have read about the lawsuit that Charles and David Koch have filed to give themselves majority control of Cato’s long-dormant shareholder arrangement and therefore control over the Board of Directors, which has heretofore run the Institute for 35 years with no input from the shareholders. Already the Koch forces have managed to put 7 people on the Board.
For now, our friends should know this: We believe this effort is a direct threat to the independence, nonpartisanship, and libertarianism of the Cato Institute. Koch control would destroy 35 years of hard work by our Board, officers, staff, and donors to build the Cato Institute’s brand and reputation. We intend to fight it. And we intend to win and to preserve our independence.
This misguided attempt at corporate control of an independent, nonpartisan think tank is bad for the Cato Institute and bad for the libertarian movement. We hope that everyone will come to see that, soon, before any more damage is done.