Charles Koch Quotes


Embrace change. Envision what could be, challenge the status quo, and drive creative destruction.


Citations

Koch, Charles G. The Science of Success: How Market-Based Management Built the World's Largest Private Company. John Wiley & Sons, 2007.

Related Quotes

He was referring to the institutions in the particular fields. An established institution in education like a university might develop an innovation in astronomy or language translation, but not likely develop significant innovations in education. An established computer programming company might innovate the method of warehousing and shipping merchandise, but they are not likely to develop an innovative way of computer programming. That is typically done by a programming non-established firm or individual. There are a number of exceptions and this is not put forth as a general principle, but as a statistical observation. Established institutions are working harder and smarter to find ways of innovating regularly, and may succeed more frequently than the present.


Charles Koch
Charles Koch
  • Born: November 1, 1935
  • Nationality: American
  • Profession: Businessman

Charles de Ganahl Koch is an American billionaire businessman and philanthropist. As of April 2021, he was ranked as the 15th-richest person in the world on Bloomberg Billionaires Index, with an estimated net worth of $63.1 billion. Koch has been co-owner, chairman, and chief executive officer of Koch Industries since 1967, while his late brother David Koch served as executive vice president. Charles and David each owned 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.