03/08/2012 11:00 am ET

Simon Johnson: How The Koch Brothers Are Attempting To Take Over The Cato Institute

A dispute has broken out between the Cato Institute, a leading libertarian think tank, and two of its longtime backers — David and Charles Koch. The institute is not the usual form of nonprofit but actually a company with shares; the Koch brothers own two of the four shares and are arguing that they have the right to acquire additional shares and thus presumably exert more control. The institute and some of its senior staff members are pushing back.

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