Transforming Daily Life™News Releases
| Date: | 1/30/2004 |
| Contact: |
Katie Stavinoha 281-363-7260 katie.stavinoha@kochind.com |
The private empire of Koch Industries
The Financial Times
It is a low-profile company in a low-profile town, but Charles Koch has turned his family business into a global conglomerate with annual revenue of $40bn.
Jeremy Grant sat down with Charles Koch, chairman and CEO of Koch Industries, Inc., and learned how the company has transformed itself from a fleet of oil delivery trucks in 1927 to an industrial conglomerate.
Koch and his employees say that a unique business philosophy known as Market-Based Management is central to the company's steady growth. The thinking behind MBM is rooted in free-market, anti-command economy philosophies that encourages entrepreneurial behavior.
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