The corporation is named Koch Industries and it is in charge of siblings’ brothers named David and Charles Koch.
Koch Industries INC. was begun in 1940 by Fred C. Koch. The corporation is placed in Wichita, Kansas, United States. The important individuals in the Koch corporation are Charles G. Koch who is a chairman and CEO and his brother David W. Koch who is Executive Vice President in this family unit business. Koch industries employs 50,000 employees (2011) in the USA and 20,000 more in different states – in 59 full amount.
Koch Industries is a multination type of corporation. What does ‘conglomerate’ indicate? According to wikipedia corporation is “a grouping of 2 or more businesses occupied in entirely various companies that fall under one shared group, frequently connecting a parent corporation and a lot of subsidiaries”.
What does Koch Industries make?
Their company is very broad. They produce Asphalt, chemicals, commodities trading, power, fibers, fertilizers, finance, minerals, natural gas, plastics, fuel, pulp and paper, ranching and more. Koch brothers are undoubtedly skilled who posses plenty of experience in corporation. However, they always want to try something more and they have even been involved in policy.
Koch brothers lead 1 of the political foundations called the Koch family Institution. The foundation which supports conservative and libertarian political lines back up political think tank which is named Cato Organization.
What is more, in the presidential election in 1980, Edward Clark nominated David Koch for candidate to be a president of USA. He reached a result of 1,1 percent of all voters and he reached 921 299 votes. Koch Industries is an instance that a gainful corporation can be run by one family. It can be hard to accept as true but their corporation is value $10 billion more than Bill Gates’s corporation.