Charles G. Koch

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The billionaire Koch brothers: Charles (L) and David (R)

Charles G. Koch is one of the billionaire Koch Brothers and since 1967 has been chairman and CEO of Koch Industries, the country's second-largest privately held company.[1] As of April 1, 2014 he has a net worth of $40.4 billion and is tied alongside his brother David Koch as the 6th wealthiest person in the world.[2] Charles has funded numerous conservative political campaigns and conservative foundations through his Charles G. Koch Foundation.

Koch Connection

The Koch Brothers are the conservative billionaire co-owners of Koch Industries. As two of the richest people in the world, they are key funders of the right-wing infrastructure, including the American Legislative Exchange Council (ALEC) and the State Policy Network (SPN). In SourceWatch, key articles on the Kochs include: Koch Brothers, Koch Industries, Americans for Prosperity, American Encore, and Freedom Partners.

Background

Political Views

In a closed June 2011 strategy seminar, Charles Koch said: "We have Saddam Hussein...this is the mother of all wars" in what appeared to be a reference to President Obama and the 2012 elections.[3]

Koch believes billionaires who fund organizations with different political ideologies, like Warren Buffett and George Soros, "simply haven't been sufficiently exposed to the ideas of liberty."[4]

In a 2011 Wall Street Journal op-ed, Charles Koch wrote that "government spending on business only aggravates the problem" and "businesses that fail to do so should be allowed to go bankrupt rather than be bailed out."[5]

In a 2014 Wall Street Journal op-ed, Koch wrote that the "fundamental concepts of dignity, respect, equality before the law and personal freedom are under attack by the nation's own government."[6] He criticized the Obama administration as holding the "central belief and fatal conceit" that people are "incapable" of running their own lives. Koch also claimed that the Environmental Protection Agency had commended Koch Industries for being a "model for other companies." PolitiFact rated this claim as "Mostly False," determining that "the statement contains an element of truth" but that "Koch Industries has a history with the EPA that was completely glossed over, and it includes multiple violations of rules."[7]

Sourcewatch resources

External resources

Contact

References

  1. Forbes, "Charles Koch," Forbes.com, accessed April 1, 2014
  2. Forbes, "The World's Billionaires," Forbes.com, accessed April 1, 2014
  3. "Exclusive Audio: Inside the Koch Brothers' Secret Seminar" Mother Jones, Sep. 6, 2011.
  4. Stephen Moore, "Private Enterprise," Wall Street Journal, May 6, 2006.
  5. Charles G. Koch, "Why Koch Industries Is Speaking Out," Wall Street Journal, March 1, 2011.
  6. Charles G. Koch, "http://online.wsj.com/news/articles/SB10001424052702303978304579475860515021286 Charles Koch: I'm Fighting to Restore a Free Society]," Wall Street Journal, April 2, 2014.
  7. PolitiFact, "Has the EPA called Koch brothers businesses a 'model' company for a clean environment?," PolitiFact.com, April 2, 2014.