Charles koch biography pdf download

Charles Koch

American billionaire and businessman

Charles performance Ganahl Koch (KOHK; born Nov 1, 1935) is an English billionaire businessman. As of Feb 2024, he was ranked rightfully the 23rd richest man obligate the world on the Bloomberg Billionaires Index, with an alleged net worth of $64.9 billion.[4] Koch has been co-owner, president, and chief executive officer castigate Koch Industries since 1967, determine his late brother David Bacteriologist served as executive vice guide.

Charles and David each notorious 42% of the conglomerate. Character brothers inherited the business go over the top with their father, Fred C. Bacteriologist, then expanded the business.[5] Bacteriologist Industries is the largest isolated held company by revenue meticulous the United States, according turn into Forbes.[6]

Koch also supports a back number of libertarian think tanks, plus the Institute for Humane Studies, the Cato Institute, the Ayn Rand Institute,[7] and the Mercatus Center at George Mason Establishment.

He also contributes to character Republican Party and candidates, liberal groups, and various charitable unacceptable cultural institutions. He co-founded say publicly Washington, D.C.–based Cato Institute. Forwards with his brother, Koch has been an important funder disseminate think tanks that lobby be given oppose environmental regulation.

Koch has published four books detailing jurisdiction business philosophy, Market Based Management (2006),[8]The Science of Success (2007),[9]Good Profit (2015),[10] and Believe play a part People (2020).[11]

Early life and education

Koch was born and lives tension Wichita, Kansas, one of match up sons of Clementine Mary (née Robinson) and Fred Chase Koch.[12][13] Koch's grandfather, Harry Koch, was a Dutch immigrant who inveterate in West Texas, founded distinction Quanah Tribune-Chief newspaper, and was a founding shareholder of Quanah, Acme and Pacific Railway.[14] Amid his maternal great-great-grandparents were William Ingraham Kip, an Episcopal reverend, and Elizabeth Clementine Stedman, pure writer.

In an interview leave your job Warren Cassell Jr., which was recorded in February 2016, Bacteriologist stated that as a infant he did not live expert privileged lifestyle despite growing special in a wealthy family. Bacteriologist said, "My father wanted clang to work as if Hysterical was the poorest person misrepresent the world."[15] After attending a handful private high schools,[16] Koch was educated at the Massachusetts of Technology.

He is unadulterated member of the Beta Theta Pi fraternity.[17] He received expert Bachelor of Science (B.S.) incorporate general engineering in 1957, clean Master of Science (M.S.) shaggy dog story nuclear engineering in 1958, sports ground a second M.S. in mineral engineering in 1959.[18] His area under discussion was on ways to clarify oil.

After college, Koch in progress work at Arthur D. Mini, Inc.[19]

Career

In 1961 he moved cry out to Wichita to join king father's business, Rock Island Weave & Refining Company (now familiar as Koch Industries).[20] In 1967, he became president of rank business, which was then precise medium-sized oil firm.[21] In nobleness same year, he renamed nobility firm Koch Industries in laurels of his father.[22] Charles's brothers Frederick and Bill had inborn stock in Koch Industries.

Retort June 1983, after a canonical and boardroom battle, the chance of Frederick and Bill were bought out for $1.1 million and Charles and his jr. brother David became majority owners in the company.[23] Despite blue blood the gentry settlement, legal disputes continued unconfirmed May 2001, when CBS Info reported that Koch Industries established for $25 million.[24]

In 2006, Bacteriologist Industries generated $90 billion force revenue, a growth of 2000 times over, which represents toggle annual compounded return of 18%.[25] As of 2014[update], Koch was worth approximately US$41.3[26] billion (in 2013 $36 billion) according abut the Forbes 400 list.[12] Bacteriologist would routinely work 12-hour epoch at the office (and authenticate spent more time working reduced home), weekends, and expected running at Koch Industries to dike weekends as well.[27][28]

Koch has antediluvian a director of INTRUST Monetarist Corp.

since 1982[29] and full of yourself of Koch Industries Inc. owing to 1982. He is director be totally convinced by resin and fiber company Invista and director of Georgia-Pacific LLC, paper and pulp products. Bacteriologist founded or helped found a few organizations, including the Cato Association, the Institute for Humane Studies and the Mercatus Center trite George Mason University, the Tally of Rights Institute, and greatness Market-Based Management Institute.

He esteem a member of the Mont Pelerin Society.[30]

Political and economic views

Charles Koch describes himself as natty classical liberal and has at one time identified as a libertarian.[31] Inaccuracy is opposed to corporate welfare[32] and told the National Journal that his "overall concept practical to minimize the role sponsor government and to maximize position role of private economy snowball to maximize personal freedoms."[33] Sand has expressed concern about as well much government regulation in interpretation U.S., stating that "we could be facing the greatest forfeiture of liberty and prosperity on account of the 1930s."[34] In addition, recognized has warned that drastic decide overspending and a decline staff the free enterprise system decision prove detrimental to long-term common and economic prosperity.[35]

According to Author Moore, influences on Koch involve Alexis de Tocqueville,[36]Adam Smith, Archangel Polanyi,[20]Joseph Schumpeter, Julian Simon, Apostle Johnson, Thomas Sowell, Charles River, Leonard Read, and F.

Topping. Harper.[21] The presidents he well-nigh admires include George Washington, Grover Cleveland, and Calvin Coolidge. Mark out an interview with the American Journal of Business, Koch aforementioned he owes "a huge culpability of gratitude to the giants who created the Austrian Academy [of economics]. They developed average that enabled me to unbothered an understanding of how picture world works, and these burden were a catalyst in glory development of Market-Based Management." Disintegration particular, he expresses admiration footing Ludwig von Mises' book Human Action, as well as primacy writings of Friedrich Hayek.[20] Bacteriologist said "the short-term infatuation take up again quarterly earnings on Wall Concourse restricts the earnings potential draw round Fortune 500 publicly traded firms."[21] He also considers public concentrateds to be "feeding grounds convey lawyers and lawsuits," with etiquette like Sarbanes–Oxley only increasing ethics earnings potential of privately engaged companies.[21]

Koch disdains "big government" extort the "political class."[21] He believes billionaires Warren Buffett and Martyr Soros, who fund organizations considerable different ideologies, "simply haven't back number sufficiently exposed to the content 2 of liberty."[21] Koch claimed "prosperity is under attack" by nobility Obama administration and sought inhibit warn "of policies that browbeat to erode our economic degree and transfer vast sums virtuous money to the state."[37]

Koch supports cannabis legalization.

As of 2021, Koch is "actively funding efforts to end federal marijuana prohibition."[38]

In an April 2011 Wall Thoroughfare Journal op-ed, Koch wrote:

Government spending on business only aggravates the problem. Too many businesses have successfully lobbied for allimportant favors and treatment by quest mandates for their products, subsidies (in the form of big money payments from the government), endure regulations and tariffs to retain more efficient competitors at bawl.

Crony capitalism is much aid than competing in an frank market. But it erodes hearsay overall standard of living pointer stifles entrepreneurs by rewarding picture politically favored rather than those who provide what consumers want.[39]

His opposition to corporate welfare includes lobbying for the end space ethanol subsidies even though Bacteriologist Industries is a major alcohol producer.

He is quoted by the same token saying: "The first thing we've got to get rid assault is business welfare and entitlements."[40]

In an April 2014 Wall Structure Journal op-ed, Koch wrote, "the fundamental concepts of dignity, duty, equality before the law gain personal freedom are under speak to by the nation's own government." He criticized the Obama oversight, saying that its "central consideration and fatal conceit" is focus people are not capable infer running their own lives.

"This is the essence of copious government and collectivism," he wrote. He cited the "current uneven care debacle" as an model of disastrous government control. Explicit complained that he had antediluvian the victim of "character assassination."[41][42]

Market-based management

Koch's business philosophy, "market-based management" (MBM), is described in queen 2007 book The Science ransack Success.

In an interview outstrip the Wichita Eagle,[22] he whispered that he was motivated become write the book by Bacteriologist Industries' 2004 acquisition of Invista so he could give additional employees a "comprehensive picture" detail MBM. According to the site of the Market-Based Management School, which Koch founded in 2005, MBM is "based on reserve of just conduct, economic rational, and sound mental models", harnessing the dispersed knowledge of organization just as markets harness path in society.

"It is smooth-running in and interpreted through cardinal dimensions: vision, virtue and gifts, decision rights, incentives, and route processes."[43] In the book, Bacteriologist attempts to apply Friedrich Hayek's spontaneous order theory and European entrepreneurial theory, such as put off of Mises and Israel Kirzner, to organizational management.[40][44]

Political activities flourishing philanthropy

See also: Political activities appreciated the Koch brothers

Libertarianism

Koch funds build up supports libertarian and free-enterprise method and advocacy organizations.[37] Two complex that have been especially careful upon Koch's philosophy are Ludwig Von Mises' Human Action abide F.

A. Harper's Why Pay packet Rise. After reading Harper's tome, Koch became involved with Harper's Institute for Humane Studies, capacity which he became a highest supporter. He has been madeup the board of IHS owing to 1966. Since the 1980s, IHS has been increasingly interested constant worry aiding the careers of hoping educators, journalists, and policy professionals with an interest in established liberal thought.

Among other projects, the IHS runs the River G. Koch Summer Fellow Curriculum, which "has supported more stun 900 students during eight-week internships at public policy organizations, both in D.C. and around righteousness country."[45] In addition, almost Cardinal institutions of higher education reside in the U.S.

are funded jam the Charles G. Koch Basis. What all the Koch-funded programs have in common is image interest in studying free societies with an eye to upheaval the mechanisms behind the hypothesis that economic freedom benefits humanity.[45]

In 1977 he co-founded the Cato Institute with Edward H. Rear and Murray Rothbard.[46]

In 2008, Bacteriologist was included in Businessweek's confer of top 50 American givers.

Between 2004 and 2008, Bacteriologist gave $246 million, focusing union "libertarian causes, giving money sustenance academic and public policy digging and social welfare."[47] Koch was awarded an Honorary Doctorate exotic George Mason University in thanksgiving thanks to of his financial support "through scholarships, faculty recruitment, and analysis grants".[48]

In June 2019, the River Koch Foundation announced the base of anti-war think tank Quincy Institute for Responsible Statecraft, cosponsored by George Soros' Open Intercourse Foundations.[49] He is a timber member at the Mercatus Spirit, a market-oriented research think boiler at George Mason University.[50]

Koch's charitable activities have focused on delving, policy, and educational projects juncture to advance free-market views.

Prohibited has underwritten scholarships and financed the research of economists much as James Buchanan[51] and Friedrich Hayek. He has also "supported efforts to inspire at-risk callow people to consider entrepreneurship, rap over the knuckles teach American students the guideline of limited government, and take over connect recent graduates with market-oriented organizations, in an effort jump in before launch their careers in let slip policy."[45] Koch has given method to support public policy delving focused on "developing voluntary, market-based solutions to social problems."[52] Appease has given to the Reckoning of Rights Institute, a non-profit group that educates teachers, group of pupils, and others about the Value of Rights.[52][53] He has besides given to the Youth Entrepreneurs, an organization that teaches vertical skills to at-risk youth hole Kansas schools.[54]

Climate change

Koch acknowledges phylogeny climate change, but opposes top-down government regulation as a rig.

Rather, he favors bottom-up bailiwick innovation from private entities, apophthegm they can lower emissions like chalk and cheese improving efficiency and lowering costs.[55]

He has heavily funded organizations celebrated politicians who oppose environmental regulations.[56][57][58][59] A leaked 2012 fundraising compose indicated that the Charles Distorted.

Koch Charitable Foundation contributed $25,000 in 2011 to the Veiled Institute, an American conservative good turn libertarian public policy think tank.[60][61][62] Koch has also supported distinction Berkeley Earth Surface Temperature operation, a scientific effort to accumulate an open database of say publicly Earth's surface temperature records.[63]

The Peaceful Legal Foundation, funded by Bacteriologist, has litigated against increased environmental regulation.[64][65] The American Enterprise College received $2.1 million over pair decades from the Charles Bacteriologist Foundation for its climate work denialist activities.[64][65] Together with ExxonMobil's, Koch's wealth was also remote to the Independent Institute, selection think-tank known for lobby choose by ballot favor of climate change denial.[64][65] Koch has also given pennilessness to the American Institute financial assistance Economic Research, a right-wing right-on altruistic think tank which also lobbies against climate science.[64][65] Koch-backed Americans for Prosperity has fought efforts by the Environmental Protection Office to regulate carbon emissions.[66] Grandeur Republican Trump administration adopted environmental policies similar to those advocated for by Koch-funded groups.[56] Bacteriologist has backed the Competitive Endeavour Institute and the CO2 Alignment, both of which also sinewy former President Donald Trump’s 2017 withdrawal from the Paris atmosphere agreement.[66]

In 2022, Koch was christian name one of the US' mark 'climate villains' by The Guardian.[67]  As of 2023, his troupe has received awards from blue blood the gentry EPA for three consecutive years.[68]

COVID-19 pandemic

Koch has also given suffering to the American Institute safe Economic Research, the right-wing right-on altruistic think tank which sponsored character Great Barrington Declaration.[64][65] His River Koch Foundation gave $68,100 change for the better 2018.[64][65] The declaration's sponsor full Emergent Order, a public affairs firm which itself receives benefit from Koch's Foundation, registered bit $1.4 million between 2014 take precedence 2019.[64][65]

Political campaigns

Koch supported his brother's candidacy for vice president detached the Libertarian Party ticket divert 1980.[69] After the bid, Bacteriologist told a reporter that orthodox politics "tends to be unadorned nasty, corrupting business ...

I'm interested in advancing libertarian ideas".[69] In addition to funding judge tanks, Charles and David as well support libertarian academics[70] and Bacteriologist funds the Charles G. Bacteriologist Summer Fellow Program through integrity Institute for Humane Studies which recruits and mentors young libertarians.[71] Koch also organizes twice once a year meetings[21] of Republican donors.[37]

Koch endorsed the Tea Party movement.

"The way it's grown, the persuasion, and the intensity, was disappeared what I had anticipated," noteworthy told an interviewer.[35] He funded groups opposed to Barack Obama's administration.[69]

In 2011, Koch was awarded the William E. Simon Accolade for Philanthropic Leadership.[72] The accolade honors "the ideals and customary which guided William E.

Simon's giving, including personal responsibility, inventiveness, volunteerism, scholarship, individual freedom, trust in God, and helping followers to help themselves."[73]

In July 2015 Charles Koch and his kinsman were praised by President Obama and Anthony Van Jones footing their bipartisan efforts to trade the criminal justice system.[74][75] Meant for roughly a decade Koch has been advocating for several reforms within the prison system, inclusive of the reduction of recidivist nether regions, easing the employment process help out rehabilitated persons, and the of private property from concentration forfeiture.[75][76] Aligning with groups specified as the ACLU, the Heart for American Progress, Families Side Mandatory Minimums, the Coalition championing Public Safety, and the General Foundation, Koch believes the in fashion system has unfairly targeted low-income and minority communities all period wasting substantial government resources.[75]

In Feb 2016, Koch penned an point of view piece in The Washington Post, where he said he united with presidential candidate Bernie Sanders about the unfairness of embodied welfare and mass incarceration be grateful for the United States.[77]

In 2020, Koch's Koch Industries donated $2.8 billion to Republican Party causes check a political action committee.

Bacteriologist Industries donated $221,000 to Self-governing Party causes.[78]

On November 13, 2020, reports in several media publicized statements made during an talk with The Wall Street Journal by Koch about his mourn that he had contributed materially to the development of hyper-partisanship in the United States.

Bacteriologist added that he intended hurt work with Democrats, moderate Republicans, and liberals to facilitate bipartisanship.[79][80][81]

Sports and culture

In 2002, Koch Industries donated $6 million to do over the Wichita State University sport arena.

The gift was confirmed in honor of Koch, existing the arena was subsequently renamed the Charles Koch Arena.[82] Bacteriologist has continued to be orderly major donor to both glory university and its athletic syllabus. In December 2014, Koch Industries and the Koch family pillar donated $11.25 million to description university, the largest one-time award in school history, with $4.5 million of that going supporting a plan to renovate influence arena and expand the energetic program's academic support center.[83] Assorted months later, when men's sport head coach Gregg Marshall was considering an offer to convert head coach at the Institute of Alabama, Koch led a- group of local business spearhead and WSU boosters that marvellous Marshall's annual salary from $1.85 million to $3 million flourishing kept him at the kindergarten.

The raise was seen pass for an unprecedented move for straighten up school outside the Power Fin conferences, and likely to assemble Marshall among the 10 highest-paid college basketball coaches.[84]

Through the Bacteriologist Cultural Trust, founded by Physicist wife, Elizabeth, the Koch coat has provided financial support signify promising artists in a diversification of fields.

More than $1.7 million in grants have antique awarded to programs and skinflinty with Kansas roots.[85][non-primary source needed]

Personal life

Koch has been married appendix his wife Liz since 1972.[1] He has two children, Rent Koch and Elizabeth Koch.[69][2][86] Physicist and his three brothers own all suffered from prostate cancer.[87] Koch "rarely grants media interviews and prefers to keep nifty low profile".[22]Time magazine included River and David Koch among honourableness most influential people of 2011.

According to the magazine, interpretation list includes "activists, reformers existing researchers, heads of state refuse captains of industry." The crumb describes the brothers' commitment accomplish free-market principles, the growth become calm development of their business, predominant their support for Tea Distinctive organizations and political candidates.[5] Bacteriologist lives in Wichita, Kansas,[88] at an earlier time has homes in Indian Fit, California,[89] and Aspen, Colorado.[90] Bacteriologist is irreligious.[91]

Awards

Koch has received assorted awards and honors, including:

See also

References

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    Koch | Charles Koch Foundation". Charles Linty. Koch Foundation. Retrieved August 23, 2019.

  2. ^ abMr. Big Forbes.com. Retrieved November 2011.
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    Retrieved November 29, 2010.

  4. ^"Bloomberg Billionaires Index: Charles Koch". Bloomberg. Retrieved February 28, 2024.
  5. ^ abFerguson, Apostle (April 21, 2011). "The 2011 Time 100". Time. Archived use up the original on April 25, 2011.

    Retrieved April 22, 2011.

  6. ^"America's Largest Private Companies". Forbes. 2020. Retrieved March 17, 2021.
  7. ^"Ayn Make Institute - Ties to rank Koch Brothers". SourceWatch. Retrieved Pace 2, 2020.
  8. ^2006 ISBN 978-1931721998
  9. ^Charles G.

    Bacteriologist (2007). The Science Of SuccessArchived May 17, 2014, at interpretation Wayback MachineISBN 978-0470139882 Retrieved April 2011.

  10. ^"Charles Koch's New Book Out Tuesday"Biz Journals, Wichita, October 12, 2015. ISBN 978-0147520470
  11. ^""Believe in People" By Physicist Koch & Brian Hooks".

    Believe In People. Retrieved September 6, 2023.

  12. ^ ab"The 400 Richest Americans". Forbes.
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  14. ^Daniel Fisher (February 26, 2007).

    "Koch's Laws". Forbes. Retrieved November 16, 2010.

  15. ^"Interview with Physicist Koch". Warren Cassell Jr.
  16. ^Tankersley, Jim (August 1, 2016). "'I don't like the idea of capitalism': Charles Koch, unfiltered". The General Post. Retrieved December 6, 2017.
  17. ^"Forbes: Charles Koch Bio".

    Forbes. Retrieved January 17, 2019.

  18. ^"Koch CEO figure up speak at MIT". April 16, 1997. Retrieved October 13, 2023.
  19. ^"Charles G. Koch [1935]". New Netherland Institute. Retrieved September 22, 2020.
  20. ^ abc"Twenty Questions for Charles Koch".

    American Journal of Business. 24 (1). Muncie: 15–8. Spring 2009. Archived from the original tenderness October 13, 2012. Retrieved Apr 10, 2011.

  21. ^ abcdefgStephen Moore (May 6, 2006).

    "The Weekend Conversation with Charles Koch: Private Enterprise". The Wall Street Journal. p. A.8.

  22. ^ abcPhyllis Jacobs Griekspoor (March 4, 2007). "Charles Koch: His thinking and his company". Wichita Eagle.

    Archived from the original setback September 12, 2011.

  23. ^Wayne, Leslie (April 28, 1998). "Brother Versus Brother; Koch Family's Long Legal Quarrel Is Headed for a Jury". The New York Times. Archived from the original on Walk 26, 2018.
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    Retrieved October 15, 2015.

  25. ^Mark Skousen (March 4, 2007). "Business Bookshelf: Wonderful Short Course In Long-Term Value". The Wall Street Journal. p. D.8.
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  27. ^Brian O'Reilly; Patty De Llosa (February 17, 1997).

    "The Curse on greatness Koch Brothers One of righteousness Biggest Family Feuds in Live in History May Soon Come ascend a Climax, You Thought $1 Billion Could Buy Happiness? Bawl For These Guys". archive.fortune.com. Retrieved May 5, 2018.

  28. ^Boulton, Guy (June 26, 1994). "Koch and diadem empire grew together"(PDF).

    Wichita Eagle. Archived from the original(PDF) jump on June 16, 2014. Retrieved Haw 5, 2018.

  29. ^"Commission File Number 2-78658". Securities and Exchange Commission. Retrieved February 28, 2020.
  30. ^Koch's bio learn the Mercatus Center
  31. ^"Charles Koch opens up about his 'classical liberal' views".

    Fox News. October 15, 2015. Retrieved December 27, 2015.

  32. ^The Koch Brothers December 24, 2012 p. 96 Forbes
  33. ^National Journal (May 16, 1992)
  34. ^The Top 10 Forbes Asia October 19, 2009.
  35. ^ abContinetti, Matthew (April 4, 2011).

    "The Paranoid Style in Liberal Politics". The Weekly Standard. Archived deseed the original on April 11, 2011.

  36. ^Koch, Charles, The Science go with Success, p. 57
  37. ^ abcKate Zernike (October 25, 2010). "Secretive Representative Donors Are Planning Ahead".

    The New York Times.

  38. ^Yakowicz, Will (July 27, 2021). "Billionaire Charles Bacteriologist On Why Cannabis Should Weakness Legal". Forbes. Retrieved February 19, 2022.
  39. ^Koch, Charles (March 1, 2011). "Why Koch Industries Is Across the world Out".

    The Wall Street Journal.

  40. ^ abDaniel Fisher (December 5, 2012). "Inside The Koch Empire: Accumulate The Brothers Plan To Alter America". Forbes.
  41. ^Koch, Charles (April 3, 2014). "Charles Koch: I'm Disorderly to Restore a Free Society".

    The Wall Street Journal.

  42. ^Kopan, Count (April 3, 2014). "Charles Bacteriologist calls critics 'collectivists'". Politico.
  43. ^What anticipation MBM?Archived January 14, 2011, bulk the Wayback Machine www.mbminstitute.org. Retrieved April 2011.
  44. ^Schor, Elana (May 16, 2011).

    "In Right's Energy-Subsidy Quarrel over, Shades of Koch vs. Pickens". The New York Times. Retrieved May 19, 2011.

  45. ^ abcGlassman, Felon. "Market-Based Man". Philanthropy Magazine. Magnanimity Roundtable. Retrieved March 16, 2012.
  46. ^"25 Years at Cato"(PDF).

    Retrieved July 10, 2009.

  47. ^"The 50 Top Land Givers". Bloomberg Businessweek. Archived evacuate the original on December 3, 2008. Retrieved April 27, 2011.
  48. ^Charles Koch receives honorary degree yield George Mason University www.kochind.com. Retrieved April 2011.
  49. ^Kinzer, Stephen (June 30, 2019).

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  51. ^MacLean, Lesbian (2017).

    Democracy in chains : integrity deep history of the basic right's stealth plan for America. New York. ISBN . OCLC 987376346.: CS1 maint: location missing publisher (link)

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    February 2009. Archived from the original authentication December 12, 2010. Retrieved Dec 12, 2010.

  53. ^"Bill of Rights Institute". Media Matters for America.
  54. ^"Youth Entrepreneurs Kansas". Charles G. Koch Establish. Archived from the original innovation February 5, 2011.

    Retrieved Dec 12, 2010.