What is the Cato controversy?
The Cato controversy refers to a high-profile corporate and ideological governance battle that erupted over the control and future direction of the Cato Institute, a prominent libertarian think tank. The dispute centered around a legal and public relations struggle between billionaire donor shareholders, notably the Koch brothers, and then-president Edward Crane regarding board governance, institutional independence, and ideological purity. The conflict ultimately reached a settlement that restructured the board of directors, reaffirming the think tank's analytical independence while reshaping its internal governance framework.
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Cato credit cards—which can be used across Cato, It's Fashion, and related retail outlets—are officially issued and serviced by Cedar Hill National Bank.
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