|
Printable Version |
Send this release to a friend
Forbes: Mr. Big
By acquiring Georgia-Pacific, Charles Koch has turned his family business into the world's largest private company. How does he make it work? By Daniel Fisher
The family business Charles Koch inherited consisted of an engineering firm, part-interest in a Minnesota refinery, a crude-oil-gathering pipeline in Oklahoma and some cattle ranches. In the 38 years Koch, chairman and CEO, has been running Koch Industries, the company has grown significantly, to an estimated $30 billion, compared with the thirteen-fold increase in the S&P 500 index.
Koch, an MIT-trained engineer, discovered free-market principles in the 1960s. Intrigued by these principles, he built a management philosophy around them, known as Market-Based Management®, which he credits for the success of the company.
Koch's ideas will get their biggest test with the acquisition of Georgia-Pacific, the Atlanta timber and paper company, which pushed Koch Industries into the largest privately held company position.
Click here to order the article.
Signup to receive Koch News Releases
|
