Many Cato Institute scholars are threatening to leave the think tank if Charles Koch (above) and his brother, David, succeed in gaining control of the shareholder group that governs Cato as well as the authority to appoint the majority of a separate 16-member board.
"Cato officers could have avoided this and they chose not to. ... We did not seek to make this public," he said.
Correction: March 20, 2012
An earlier version of the article incorrectly identified the think tank’s fourth shareholder, William Niskanen, as a Cato co-founder. He was chairman emeritus upon his death in October.