Thursday, April 12, 2012

"Billionaire Oil Guys" Lose Bid to Takeover Cato institute

Koch Brothers
 It looks like the Koch Brothers’ efforts to take over the libertarian think-tank the Cato Institute and oust long-time president Ed Crane has been thwarted. According to David Weigel, who is close to these folks, Crane called a meeting of the Cato board and used an obscure bylaw to expand it and then pack it with loyalists.
In a subsequent interview, Crane told Weigel this:
I want to save Cato. I’ll step down if it ends this thing. It can’t be a wholly owned subsidiary of Koch Industries. Who the hell is going to take a think tank seriously that’s controlled by billionaire oil guys? It’s just nuts!   READ MORE

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