Koch Industries Is Awash in Money and Misdeeds
Posted on Oct 3, 2011
Contracts won with bribes, falsified safety and emissions reports, price fixing, illegal dealings with Iran and stolen oil. Bloomberg has compiled a detailed litany of loosely related bad behaviors by the managers of Koch Industries and its subsidiary companies.
For Charles and David Koch, who turned their father’s modest oil company into a roughly $100 billion a year industrial and financial empire spanning more than 50 countries, it is government regulation of these types of activities—not the practices themselves—that harms American businesses, and presumably, the rest of society. —ARK
For six decades around the world, Koch Industries has blazed a path to riches—in part, by making illicit payments to win contracts, trading with a terrorist state, fixing prices, neglecting safety and ignoring environmental regulations. At the same time, Charles and David Koch have promoted a form of government that interferes less with company actions.
“My overall concept is to minimize the role of government and to maximize the role of the private economy and maximize personal freedoms,” David Koch told the National Journal in May 1992.