David Koch is the co-owner and executive vice president 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 and paper pulp, and has annual sales of $110 billion. Koch owns 42 percent of the company.
Bruce Rauner is a private-equity executive running for governor of Illinois who wears an $18 watch and a Carhartt vest as he discusses how he’ll shake up government. That’s what viewers see in television ads promoting the political novice in tomorrow’s Republican primary.
Billionaire Wilbur Ross invited Paul Ryan over for lunch. Goldman Sachs Group Inc. and Wells Fargo & Co. bankers met with Rand Paul at a fundraiser in Atlanta. Investor Rob Arnott dropped in on Ted Cruz.
New Jersey Governor Chris Christie challenged his fellow Republicans to put forward more policy positions to solve the nation’s ills as he courted a constituency crucial to a potential presidential bid.
Hedge-fund managers Joseph DiMenna and James Dinan helped raise $1.2 million for the School of American Ballet last night, with tables at the academy’s annual Winter Ball priced as high as $100,000, or $10,000 a seat.
Boosting the minimum wage may cost as many as 500,000 people their jobs, said a new report from Congress’s financial scorekeeper that diminishes chances for an agreement on one of President Barack Obama’s priorities.
Bloomberg BNA – Chicago Mayor Rahm Emanuel expanded his public health campaign against petroleum coke and coal, vowing to introduce an ordinance that will ban new storage and processing facilities, and prohibit any expansion of existing facilities.
In May 2008, a unit of Koch Industries Inc., one of the world’s largest privately held companies, sent Ludmila Egorova-Farines, its newly hired compliance officer and ethics manager, to investigate the management of a subsidiary in Arles in southern France. In less than a week, she discovered that the company had paid bribes to win contracts.