Charles Koch

(Charles de Ganahl Koch)

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  • Born: November 1, 1935
  • Nationality: American
  • Profession: Chairman CEO Koch Industries

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6

Citations

62

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Videos

Charles de Ganahl Koch is an American businessman, political donor and philanthropist. As of June 2018, he was ranked as the 8th-richest person in the world, with an estimated net worth of $50.7 billion. Koch has been co-owner, chairman, and chief executive officer of Koch Industries since 1967, while his brother David Koch serves as executive vice president. Charles and David each own 42% of the conglomerate. The brothers inherited the business from their father, Fred C. Koch, then expanded the business. Originally involved exclusively in oil refining and chemicals, Koch Industries now includes process and pollution control equipment and technologies, polymers and fibers, minerals, fertilizers, commodity trading and services, forest and consumer products, and ranching. The businesses produce a wide variety of well-known brands, such as Stainmaster carpet, the Lycra brand of spandex fiber, Quilted Northern tissue, and Dixie Cup.

Quotes
Quote Topics Cited
… prosperity is under attack by the Obama administration Compliments, Insults & Rebukes
He was a Communist. Compliments, Insults & Rebukes
One can be in business and pursue bad profit. That is, by practicing cronyism—rigging the system to undermine competition, innovation and opportunity, making others worse off. Good profit should lead you to improve your ability to help others improve their lives. But that’s not how many businesses act today. Business, Commerce & Finance
Too many business have successfully lobbied for special favors and treatment by seeking mandates for their products, subsidies (in the form of cash payments from the government), and regulations and tariffs to keep more efficient competitors at bay. Crony capitalism is much easier than competing in an open market. But it erodes our overall standard of living and stifles entrepreneurs by rewarding the politically favored rather than those who provide what consumers want. Lobbying & Special Interests
We believe that talented people with bad values can do far more damage than virtuous people with lesser talents. Morality, Ethics & Conflict of Interest
We needed to be uncompromising [with our workforce], to expect 100 percent of our employees to comply 100 percent of the time with complex and ever-changing government mandates. Striving to comply with every law does not mean agreeing with every law. But, even when faced with laws we think are counter-productive, we must first comply. Only then, from a credible position, can we enter into a dialogue with regulatory agencies to demonstrate alternatives that are more beneficial. If these efforts fail, we can then join with others in using education and/or political efforts to change the law Regulation & Deregulation
Any of the social changes in American history are because people thought there was injustice. We have to show that this corporate welfare and cronyism is unjust - and that it's not only rigging the system so people get wealthy who don't deserve to get wealthy. History
Crony capitalism is much easier than competing in an open market. But it erodes our overall standard of living and stifles entrepreneurs by rewarding the politically favored rather than those who provide what consumers want.
Far from trying to rig the system, I have spent decades opposing cronyism and all political favors, including mandates, subsidies and protective tariffs - even when we benefit from them.
Far too many businesses have been all too eager to lobby for maintaining and increasing subsidies and mandates paid by taxpayers and consumers.
Far too many well-connected businesses are feeding at the federal trough. By addressing corporate welfare as well as other forms of welfare, we would add a whole new level of understanding to the notion of entitlement reform.
From the beginning of time, business has cozied up to government and gotten restrictions on competition and subsidies and stuff. Time ;Government ;Business, Commerce & Finance
I believe my business and non-profit investments are much more beneficial to societal well-being than sending more money to Washington. Business, Commerce & Finance ;Money, Coins & Minting
I believe that cronyism is nothing more than welfare for the rich and powerful, and should be abolished.
I don't want to dedicate my life to getting publicity. Life
I studied what principles under-laid peace and prosperity and concluded the only way to achieve societal well-being was through a system of economic freedom. Freedom & Liberty ;War & Peace
In business, real jobs profitably produce goods and services that people value more highly than their alternatives. Subsidizing inefficient jobs is costly, wastes resources, and weakens our economy. Business, Commerce & Finance
It's not going to help the country to be subsidizing uneconomical forms of energy - whether you call them 'green,' 'renewable' or whatever. In that case, the cure is worse than the disease.
Koch companies employ 60,000 Americans, who make many thousands of products that Americans want and need.
Laying the groundwork for smaller, smarter government, especially at the federal level, is going to be tough. But it is essential for getting us back on the path to long-term prosperity. Government
Our elected officials would do well to remember that the most prosperous countries are those that allow consumers - not governments - to direct the use of resources. Allowing the government to pick winners and losers hurts almost everyone, especially our poorest citizens. Government
People should only profit to the extent they make other peoples lives better.
Subsidies and mandates are just two of the privileges that government can bestow on politically connected friends. Others include grants, loans, tax credits, favorable regulations, bailouts, loan guarantees, targeted tax breaks and no-bid contracts. Government
The best way to make money is to have more economic freedom, which is why we are one of the very few large companies that are consistently for it. Freedom & Liberty ;Money, Coins & Minting
The country - or the government - is headed for bankruptcy. So we're going to be continuing to speak out against corporate welfare as something that hurts everybody except those direct beneficiaries. Government
The easy way to make money is to get special political privilege. From the beginning of time, business has cozied up to government and gotten restrictions on competition and subsidies and stuff. Time ;Business, Commerce & Finance ;Money, Coins & Minting
The role of business is to provide products and services that make people's lives better - while using fewer resources - and to act lawfully and with integrity. Business, Commerce & Finance
The successful companies try to keep the new entrants down. Now that's great for a company like ours. We make more money that way because we have less competition and less innovation. But for the country as a whole, it's horrible. Money, Coins & Minting
We are not trying to prevent new clean energy businesses from succeeding. Any business that's economical, that can succeed in the marketplace, any form of energy, we're all for. As a matter of fact, we're investing in quite a number of them, ourselves - whether that's ethanol, renewable fuel oil. Business, Commerce & Finance
When a company is not being guided by the products they make and what the customers need, but by how they can manipulate the system - get regulations on their competitors, or mandates on using their products, or eliminating foreign competition - it just lowers the overall standard of living and hurts the disadvantaged the most.
When you start attacking cronyism and people's political interests, it gets nasty.
You pass a program and get people dependent on it, making it brutal to get rid of. The key is not letting it get started.