We seek no ‘takeover,’ and this is not a hostile action.

This is at odds with both the words and deeds of the Koch brothers of late. Last year, they used their shares to place two of their operatives – Kevin Gentry and Nancy Pfotenhauer – on our board against the wishes of every single board member save for David Koch. Last Thursday, they used their shares to force another four new board members on us (the most that their shares would allow at any given meeting); Charles Koch, Ted Olson (hired council for Koch Industries), Preston Marshall (the largest shareholder of Koch Industries save for Charles and David), and Andrew Napolitano (a frequent speaker at Koch-sponsored events). Those four – who had not previously been involved with Cato either financially or organizationally – were likewise opposed by every member of our board save for Gentry, Pfotenhauer, and David Koch. To make room for these Koch operatives, we were forced to remove four long-time, active board members, two of whom were our biggest donors. At this moment, the Kochs now control seven of our 16 board seats, two short of outright control.

Why are they forcing out Cato board members, all strong, principled libertarians who have been heavily involved with Cato – financially and organizationally – for years? The answer was given in early November of last year when David Koch, Richard Fink (he of many Koch hats), and Kevin Gentry met with Cato board chairman Bob Levy. They told Bob that they intended to use their board majority to remove Ed Crane from Cato and transform our Institute into an intellectual ammo-shop for American for Prosperity and other allied (presumably, Koch-controlled) organizations. That statement of intent is certainly consistent with what we’ve been hearing from both Kevin Gentry and Nancy Pfotenauer. They’ve frequently complained during their short time on our board that Cato wasn’t doing enough to defeat President Obama in November and that we weren’t working closely enough with grass roots activists like those at AFP.

Groucho48 posted:

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grass roots activists like those at AFP.

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Groucho48 posted:

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Okay I have to admit that the Koch's weren't really in control of CATO before. But you should believe everything else I say about them because now it's for realz!

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Tych2 posted:

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Is this important to me? I mean is this something I need to know about?

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paulg_68 posted:

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Tych2 posted:

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Is this important to me? I mean is this something I need to know about?

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It's just Groucho's way of admitting he's been wrong every time he's ever written anything about CATO before.

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paulg posted:

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I was wrong about Obamacare being socialism because Obama isn't North Korea. If there are more extreme lengths to go to, it proves wrong everyone who was complaining about earlier extremes.

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Altra_Shadowstalker posted:

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paulg posted:

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I was wrong about Obamacare being socialism because Obama isn't North Korea. If there are more extreme lengths to go to, it proves wrong everyone who was complaining about earlier extremes.

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Good point Paul, and your analogy is spot on as always.

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Groucho48 posted:

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Cato vs. Koch

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Tych2 posted:

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Is this important to me? I mean is this something I need to know about?

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Sin_of_Onin posted:

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paul there is no doubt that CATO is just a mouthpiece for the Koch brothers. They are an attempt to provide legitimacy to the faith based ideology they are funded to support.

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