The business is called Koch Industries and it is run by siblings’ brothers named David and Charles Koch.
Koch Industries INC. was begun in 1940 by Fred C. Koch. The company is based in Wichita, Kansas, US.
The powerful people in the Koch corporation are Charles G. Koch who is a chairman and director and his sibling David W. Koch who is Executive Vice President in this family company.
Koch industries hires 50,000 workers (2011) in the United States of America and 20,000 more in various countries – in 59 full amount.
Koch Industries is a multination sort of company. What does ‘ business’ mean? According to wikipedia conglomerate is “a grouping of 2 or more corporations occupied in entirely different companies that fall under 1 corporate group, frequently concerning a parent company – more info – and many subsidiaries”.
What does Koch Industries make?
Their business is very wide. They produce Asphalt, chemicals, commodities trading, energy, fibers, fertilizers, finance, minerals, natural fuel, plastics, fuel, pulp and paper, ranching and more.
Koch brothers are undoubtedly experts who posses a lot of of experience in company. Nevertheless, they always would like to to try something more and they have even been involved in policy.
Koch brothers lead 1 of the political organizations named the Koch family Organization. The institution which backs up conservative and libertarian political lines support political think tank which is called Cato Organization.
Moreover, in the presidential election in 1980, Edward Clark nominated David Koch for candidate to become a president of US. He reached a result of 1,1 percent of all voters and he got 921 299 votes.
Koch Industries is an example that a profitable company is able to be run by 1 family. It can be hard to believe but their business is value $10 billion more than Bill Gates’s business.