Cato's President Forced to Step Down

 The Washington Times is reporting that Ed Crane has been forced out by the organization’s board of directors..

John A. Allison, former chairman and CEO of BB&T Corporation, will take over as interim president. Allison is believed to be planning to arrive at Cato's offices in the Washington-D.C. on Monday,, for the transition news to be announced, says WT.

WT writes that

By one account, Mr. Crane is “leaving kicking and screaming,” but he will do so “under the guise that he is retiring earlier than he had planned.

WT did not  report on the reasons behind Crane's being forced out so abruptly. Perhaps it is time Cato addresses the rumors circulating about Crane and cleanse itself from what went on during the Crane watch.

http://www.washingtontimes.com/blog/watercooler/2012/jun/24/catos-president-forced-step-down/