Charles Koch is the co-owner, chairman and chief executive officer of Koch Industries, one of the largest closely held companies in the world. The Wichita, Kansas-based firm operates in various industries including oil refining, pipelines, commodities trading, ranching and paper pulp, and has annual sales of $110 billion. He owns 42 percent of the company.
Three Republican governors eyeing the White House, including embattled New Jersey Governor Chris Christie, were in Las Vegas yesterday to court Sheldon Adelson, a billionaire casino owner who could give any of their eventual campaigns a major financial boost.
Koch Industries Inc. and its employees and subsidiaries spent $1.2 million in the last election helping to elect Republican governors who are now trying to take away bargaining rights of state workers.
Dan Maffei, a New York congressional candidate and former member of the U.S. House, said he is giving $3,500 in political donations from Koch Industries Inc. to charity because the company profited from business in Iran.
Billionaire brothers Charles G. Koch, co-founder of the Cato Institute, and David H. Koch sued the free-market advocacy group, and the widow of Chairman Emeritus William Niskanen seeking control of his shares.
Koch Industries Inc., which spent $1.2 million in 2010 to help elect governors who oppose collective bargaining for public employees, won praise from a labor union official for backing the rights of factory workers.