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Wood River Oil and Refining Company was renamed Koch Industries in 1968 in honor of Fred Koch, the year after his death. [ 27 ] [ 28 ] At that time, it was primarily an engineering firm with a 35% interest in Great Northern Oil Company, which owned the Pine Bend Refinery in Minnesota, a crude oil-gathering system in Oklahoma, [ 16 ] and some ...
The Koch family (/ k oส k / KOHK) is an American family engaged in business, best known for their political activities and their control of Koch Industries, the 2nd largest privately owned company in the United States (with 2019 revenues of $115 billion). [1]
The company was established in the 1950s as Karl Koch Erecting Company, Inc., of Carteret, New Jersey. [1] The Karl Koch Erecting Company was hired by the Port Authority of New York and New Jersey as one of the companies to supply steel for construction of the World Trade Center. The company was also hired to do all the work of erecting the ...
Kochland was widely praised upon its release. In The New Yorker, Jane Mayer described the book as a “deeply and authoritatively reported" work that "marshals a huge amount of information and uses it to help solve two enduring mysteries: how the Kochs got so rich, and how they used that fortune to buy off American action on climate change”. [4]
The list excludes large privately held companies such as Cargill and Koch Industries whose financial data is not necessarily available to the public. However, this list does include several government-sponsored enterprises that were created by acts of Congress and later became publicly traded.
Koch worked in his family's company. He and his eldest brother Frederick R. Koch had inherited Koch Industries stock. In 1980, after an unsuccessful attempt to take over the company from Charles, William was fired from the company. [5] In 1983 the stock netted them $800 million in a sale to their brothers, Charles and David. [6]
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