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Koch Industries, Inc.


Self Description

August 2008: "Koch Industries, Inc., a privately held company based in Wichita, Kan., owns a diverse group of companies with a presence in about 60 countries and that employ about 80,000 people. These companies are involved in core industries such as trading, petroleum, chemicals, energy, fibers and polymers, minerals, fertilizers, chemical technology equipment, forest and consumer products, ranching, securities and finance, as well as in other ventures and investments."

http://www.kochind.com/industry/default.asp

Third-Party Descriptions

October 2013: 'One of the biggest sources of conservative money is Freedom Partners, a tax-exempt “business league” that claims more than 200 members, each of whom pays at least $100,000 in dues. The group’s board is headed by a longtime executive of Koch Industries, the conglomerate run by the Koch brothers, who were among the original financiers of the Tea Party movement. The Kochs declined to comment.'

http://www.nytimes.com/2013/10/06/us/a-federal-budget-crisis-months-in-the-planning.html

April 2012: "A European subsidiary of Koch Industries reportedly bribed government officials and others to secure contracts in India, Africa and the Middle East. Koch fired several employees, including the ethics manager who was initially in charge of the company's investigation into the bribes. The company eventually cleared all of the senior level executives of the division of wrong doing. U.S. regulators are investigating."

http://finance.fortune.cnn.com/2012/04/26/walmart-bribery-investigations/

August 2010: "With his brother Charles, who is seventy-four, David Koch owns virtually all of Koch Industries, a conglomerate, headquartered in Wichita, Kansas, whose annual revenues are estimated to be a hundred billion dollars. The company has grown spectacularly since their father, Fred, died, in 1967, and the brothers took charge. The Kochs operate oil refineries in Alaska, Texas, and Minnesota, and control some four thousand miles of pipeline. Koch Industries owns Brawny paper towels, Dixie cups, Georgia-Pacific lumber, Stainmaster carpet, and Lycra, among other products. Forbes ranks it as the second-largest private company in the country..."

http://www.newyorker.com/reporting/2010/08/30/100830fa_fact_mayer

Relationships

RoleNameTypeLast Updated
Owner of (partial or full, past or present) Georgia-Pacific Corporation Organization Feb 22, 2011
Owner of (partial or full, past or present) Stainmaster Organization Feb 22, 2011
Organization Executive (past or present) Thomas L. Kivisto Person Aug 3, 2008
Organization Head/Leader (past or present) Owned by (partial or full, past or present) Charles de Ganahl Koch Person Feb 22, 2011
Owned by (partial or full, past or present) David Hamilton Koch Person Feb 22, 2011

Articles and Resources

Date Fairness.com Resource Read it at:
Oct 05, 2013 A Federal Budget Crisis Months in the Planning

QUOTE: interviews with a wide array of conservatives show that the confrontation that precipitated the crisis was the outgrowth of a long-running effort to undo the law, the Affordable Care Act, since its passage in 2010 — waged by a galaxy of conservative groups with more money, organized tactics and interconnections than is commonly known.

New York Times
Apr 26, 2012 Not just Wal-Mart: Dozens of U.S. companies face bribery charges

QUOTE: Deere, Disney, Hewlett-Packard, Qualcom and many others are also under investigation for violations of the U.S. Foreign Corrupt Practices Act.

CNN (Cable News Network)
Jul 29, 2008 Inside The Semgroup Bust

QUOTE: What is known for sure, gleaned largely from an affidavit written by Interim Chief Executive Terence Ronan is that Semgroup buckled under margin calls against losses of $2.4 billion in the company's trading accounts on the New York Mercantile Exchange (NYMEX). Incredibly, $290 million of those losses are owed the company by Kivisto for losses from personal trades using capital fronted him by Semgroup.

Forbes