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The company is named Koch Industries and it is managed by siblings’ brothers called David and Charles Koch.
Koch Industries INC. was introduced in 1940 by Fred C. Koch. The company is situated in Wichita, Kansas, United States. The important people in the Koch company are Charles G. Koch who is a chairman and CEO and his relative David W. Koch who is Executive Vice President in this family unit corporation. Koch industries hires 50,000 employees (2011) in the USA and 20,000 more in another countries – in fifty-nine full amount.
Koch Industries is a conglomerate type of business. What does ‘ business’ mean? According to wikipedia conglomerate is “a grouping of two or more corporations engaged in entirely different companies that fall under one shared group, often relating a parent company and many subsidiaries”.
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What does Koch Industries produce?
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 skilled who posses much of experience in company. Nonetheless, they always want to try something more and they have even been involved in policy.
Koch brothers lead one of the political organizations called the Koch family Institution. 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 reached a result of 1,1 percent of all voters and he received 921 299 votes. Koch Industries is an instance that a gainful company is able to be manage by 1 family. It can be difficult to accept as true but their business is worth $10 billion more than Bill Gates’s business.