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.
Nine months into her job as California attorney general, Kamala Harris found herself across the table from lawyers for five of the nation’s biggest lenders, trying to hammer out a deal to help mortgage holders weather the foreclosure crisis.
Two Arizona-based political organizations agreed to pay $1 million to settle claims they violated California’s campaign-finance laws when they donated $15 million to conservative causes in the 2012 election.
Three weeks into the bankruptcy of New York City Opera, there’s discussion in opera circles about how to reconstitute it under a different management to provide the country’s most populous city with an alternative to the Metropolitan Opera.
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.
Koch Industries Inc., a holding company led by two billionaire brothers who help finance Republican-aligned public policy groups, sent a letter to U.S. senators yesterday saying the company hasn’t advocated using Obamacare as leverage in the debate about government spending.