The corporation is named Koch Industries and it is run by siblings’ brothers named David and Charles Koch.
Koch Industries INC. was started in 1940 by Fred C. Koch. The company is situated in Wichita, Kansas, United States. The important people in the Koch corporation are Charles G. Koch who is a chairman and director and his brother David W. Koch who is Executive Vice President in this family unit corporation. Koch industries uses 50,000 workers (2011) in the US and 20,000 more in another states – in fifty-nine in total.
Koch Industries is a multination type of business. What does ‘ corporation’ indicate? According to wikipedia multination is “a grouping of 2 or more companies occupied in entirely numerous corporations that fall under 1 corporate group, usually connecting a parent corporation and a lot of subsidiaries”.
What does Koch Industries create?
Their company is very extensive. They make Asphalt, chemicals, commodities trading, energy, fibers, fertilizers, finance, minerals, natural fuel, plastics, petroleum, pulp and paper, ranching and more. Koch brothers are undoubtedly skilled who posses much of experience in business. Nonetheless, they always would like to to try something more and they have even been involved in politics.
Koch brothers lead one of the political foundations called the Koch family Organization. The foundation which backs up 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 become a president of USA. He got a result of 1,1 percent of all voters and he reached 921 299 votes.
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Koch Industries is an example that a gainful business can be manage by one family members. It can be difficult to accept as true but their business is worth $10 billion more than Bill Gates’s corporation.