Charles Koch Quotes


In general, an asset should be sold when it has greater value to a buyer. This happens when a buyer has a complimentary business or capability that would enable them to do more with that business. Many businesses we have exited were not failures, but had simply reached a point in their life cycle where they no longer provided a core capability or served as a platform for growth.


Citations

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

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At the time, the economy was virtually controlled by the banks and others in the finance, as opposed to businesses that produced things or provided non-financial services to consumers and business which was that had prevailed ever since the Great Depression, when New Deal legislation controlled the banks, stock markets, and other facets of the financial industry.


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.