David Koch

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.

David Koch News

IRS Probe Sheds Light on Nonprofit Election-Year Surge

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 CEO Says Protest Over Koch Newspaper Sale Is Premature

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.”
IRS Focus on Tea Parties Stirs Dissent on Health Care Law

A handful of Cincinnati-based Internal Revenue Service employees have accomplished what no bipartisan White House dinner ever could: uniting the U.S. Congress.
Scene Last Night: Reynold Levy, Rubenstein, Koch, Lauder

“We have to stop. I just pulled that note out of the blue,” said Audra McDonald on stage last night at Avery Fisher Hall. “I’m so proud of myself. Yay, Juilliard!”
Unions Press Oaktree to Prevent L.A. Times Sale to Kochs

Labor groups are putting pressure on Tribune Co.’s largest shareholder to prevent the possible sale of the Los Angeles Times to billionaire brothers David and Charles Koch.
William Koch Must Face False Imprisonment Suit: Judge

William Koch lost a bid to dismiss a lawsuit by a former Oxbow Carbon & Minerals LLC executive alleging the billionaire held him captive at his Colorado ranch.
Renewable Energy Wins Republicans Backing Oil-Gas Benefit: Taxes

Renewable energy developers may win some tax benefits from Congress that only oil and gas companies can enjoy right now.
FEC Expired Terms Prompt Calls for Obama to Keep Promise

Federal Election Commissioner Caroline Hunter’s term expires today, which means all of the commission members are now serving on borrowed time.
Koch’s Georgia-Pacific to Purchase Buckeye for $1.45 Billion

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.
Scene Last Night: Clintons, Streisand, Cohn, Blavatnik

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.