Skip to comments.David Koch: His name, his legacy
Posted on 07/12/2014 4:03:32 PM PDT by aimhigh
Charles and David are each worth about $40 billion. Koch Industries, which David helps Charles run, is a Wichita-based company. It makes everything from jet fuel to Brawny paper towels, and earns more than $115 billion annually. They own it privately and don't have to make the company's finances public.
They are not conservative Republicans; they are Libertarians, believing in as little government as possible. David supports gay marriage, believes in evolution and has no stated position on gun control.
Hours after David Brat defeated House Majority Leader Eric Cantor in a Republican primary in Virginia, Koch looked upset. "God, I'm just thunderstruck. The reason he lost, I'm certain, is that the turnout was really light."
Cantor "was so busy with his responsibilities as majority leader that I'm sure he didn't spend nearly as much time with his constituents as other representatives were able to do," Koch said. Cantor, whom Koch has contributed money to, lost to a tea party candidate, and critics say the Kochs created the tea party. "We didn't create the tea party," he said. "That's a grassroots uprising. Like 1776 was."
(Excerpt) Read more at insurancenewsnet.com ...
Great article. Thanks for posting the link.
Just so long as they keep pissing Harry Reid off to the point he’s like a lemming-over-a-cliff I’m good with ‘em both.
I’ve found jet fuel tastes good only on the weekend.
What’s a Monday? :)
I’ll take all the Kochs fighting along side us.
What I mean to say it’s a free country and we could use more liberty. Once the gods of the copybook headings return in vengeance all that libertinism will fade quickly.
I only read the excerpt you posted. I don't know how credible the article is.
If the company earns $115 billion annually, then at a modest P/E of 20, it would have a worth of $2.3 trillion. Color me skeptical.
If the company does not publish audited financial reports, how does the author know what the company's finances are?
Absolutely! The higher the octane the better it is.