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.
Patriot Majority USA, a social welfare nonprofit, told the Internal Revenue Service that its mission is “to encourage a discussion of economic issues.” In exchange for keeping its donors private and paying fewer taxes, it must limit its involvement in politics.
Tribune Co. Chief Executive Officer Peter Liguori, responding to a protest over a possible sale of the Los Angeles Times to Koch Industries Inc., said speculation over potential buyers of the company’s papers is “premature.”
Georgia-Pacific LLC, the U.S. paper and pulp producer controlled by the Koch brothers, agreed to buy Buckeye Technologies Inc. for about $1.45 billion to add cellulose products used in baby wipes and tires.
Bill and Hillary Clinton dined with industrialist Len Blavatnik and hedge-fund manager Richard Perry. Goldman Sachs Group Inc. President Gary Cohn left his seat with Anchorage Capital Group LLC’s Kevin Ulrich to visit at their table.