The business is named Koch Industries and it is in charge of siblings’ brothers named David and Charles Koch.
Koch Industries INC. was established in 1940 by Fred C. Koch. The company is located in Wichita, Kansas, US.
The important people in the Koch business are Charles G. Koch who is a chairman and director and his relative David W. Koch who is Executive Vice President in this family unit business.
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Koch industries employs 50,000 workers (2011) in the US and 20,000 more in another states – in 59 in total.
Koch Industries is a multination sort of business. What does ‘ business’ mean? According to wikipedia corporation is “a combination of 2 or more corporations engaged in entirely various businesses that fall under one shared group, frequently linking a parent corporation and many subsidiaries”.
What does Koch Industries create?
Their company is very extensive. They create Asphalt, chemicals, commodities trading, energy, fibers, fertilizers, finance, minerals, natural fuel, plastics, petroleum, pulp and paper, ranching and more.
Koch brothers are undoubtedly professionals who posses much of experience in business. Nevertheless, they frequently would like to to try something more and they have even been involved in politics.
Koch brothers lead 1 of the political institutions called the Koch family Foundation. The foundation which backs up conservative and libertarian political lines support political think tank which is called Cato Institution.
Moreover, in the presidential election in 1980, Edward Clark nominated David Koch for candidate to be a president of USA. He got a result of 1,1 percent of all voters and he obtained 921 299 votes.
Koch Industries is an instance that a money-making company is able to be run by 1 family. It is able to be difficult to believe but their company is worth $10 billion more than Bill Gates’s business.