tag:blogger.com,1999:blog-3758330678390419129.post3949628192751313609..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Will Lew Rockwell Show at the Next Meeting of the Cato Board?Robert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-3758330678390419129.post-36297547262051816552012-03-05T20:09:20.199-05:002012-03-05T20:09:20.199-05:00So...if Cato wins and shares not turned over can p...So...if Cato wins and shares not turned over can pass at death, then... not only does Kathryn become a shareholder, but by the same logic, Rothbard's heir becomes a long-lost shareholder, and the two Kochs are joined (and outnumbered) by Crane, Washburn, and Rockwell.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-72999953248476645002012-03-03T14:52:10.005-05:002012-03-03T14:52:10.005-05:00It's not clear that shares cannot be transferr...It's not clear that shares cannot be transferred to heirs upon death. The language of the agreement is far to vague on that point. But Murray definitely had no legal right to any shares of Cato, since the majority of shareholders voted to get rid of him.<br />http://www.underpenaltyofcatapult.com/520/libertarians-argue-over-worthless-paperDan Bierhttps://www.blogger.com/profile/11725854463725005514noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-66024604337460384282012-03-03T11:07:01.308-05:002012-03-03T11:07:01.308-05:00I hope Mr. Rockwell does make something out of thi...I hope Mr. Rockwell does make something out of this.<br /><br />If he does not have time to go himself, perhaps he could send someone with a proxy? If that's possible for these shares?J.K. Baltzersenhttps://www.blogger.com/profile/00096616644588479917noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-82021432216764688292012-03-02T17:58:56.066-05:002012-03-02T17:58:56.066-05:00I really hope that Lew goes for it. At the very ...I really hope that Lew goes for it. At the very least, he could sell the shares and put the money to work at the Mises Institute.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-89222148041590733472012-03-02T15:17:16.410-05:002012-03-02T15:17:16.410-05:00Ah man this is hilarious, happy birthday Murray!Ah man this is hilarious, happy birthday Murray!j4cknoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-54840297540520549532012-03-02T14:44:02.889-05:002012-03-02T14:44:02.889-05:00Oh my, I think Lew should "find" some ti...Oh my, I think Lew should "find" some time to make this an issue.<br /><br />Call it a "lesson" on property rights given to the Koch's, not free of charge either.<br /><br />:)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-18196988987315669892012-03-02T14:29:01.553-05:002012-03-02T14:29:01.553-05:00Ohhhhhhhh, this could get real good, real fast. Ca...Ohhhhhhhh, this could get real good, real fast. Can't wait for Lew's next move!<br /><br />Dale FitzAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-70714640358888144612012-03-02T14:20:13.288-05:002012-03-02T14:20:13.288-05:00That is correct Mr. Gordon, and is why the Kochs p...That is correct Mr. Gordon, and is why the Kochs probably lose this lawsuit. If this were Delaware, I would expect an open and shut summary judgment. <br /><br />-Houston corporate attorneyMr. T.noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-34867671399169486742012-03-02T14:17:07.586-05:002012-03-02T14:17:07.586-05:00The reason gentlemen is that the 1977 shareholder&...The reason gentlemen is that the 1977 shareholder's agreement only speaks of transfers made by a shareholder. This is separate and distinct from transfers that occur by operation of law. I think the Kochs lose this case unless 1977 Kansas corporate law is unusual.<br /><br />In a typical Delaware law context, unless you say specifically otherwise, a transfer that occurs by operation of law Mr. T.noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-58669002444246795992012-03-02T13:38:37.173-05:002012-03-02T13:38:37.173-05:00Section 3 of the 1977 Agreement says that sharehol...Section 3 of the 1977 Agreement says that shareholders cannot dispose of their shares unless they first offer the shares to the other shareholders. It is not clear why this would apply to shares in the estate of a deceased shareholder. The deceased shareholder hasn't disposed of his shares. They remain part of his estate; why wouldn't they pass to his heirs? I imagine this will be a keyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-26451312737823396682012-03-02T13:04:28.434-05:002012-03-02T13:04:28.434-05:00David,
I take your point re the agreement, but th...David,<br /><br />I take your point re the agreement, but then why are they taking Kathyrn Washburn to court? If she has no legal control over the shares. <br /><br />It seems that the Kochs are implying that possession has some kind of significance. Wouldn't the Koch position suggest that they should have also taken Joey Rothbard to court?Robert Wenzelhttps://www.blogger.com/profile/14296920597416905488noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-43668727820737885832012-03-02T12:50:23.683-05:002012-03-02T12:50:23.683-05:00I wonder what insane tactics the Koch's would ...I wonder what insane tactics the Koch's would have to come up with the prevent Rockwell from being on the board.<br /><br />It is funny to me that the Koch's decades of acting like certain people didn't exist has backfired on them.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-56407722509109963402012-03-02T12:43:58.839-05:002012-03-02T12:43:58.839-05:00Following the links to an account of the dispute, ...Following the links to an account of the dispute, it sounds as though Cato shares don't transfer the way ordinary shares of stock do. They can't be sold or given to anyone other than the Cato Institute itself without first offering the existing shareholders the opportunity to buy them. That's the basis for the Koch position that Bill Niskanen's shares don't pass to his widow, David Friedmanhttps://www.blogger.com/profile/06543763515095867595noreply@blogger.com