David Koch to Retire From Business, Politics

Sergio Conner
June 8, 2018

A letter to Koch Industries employees from its Chairman and Chief Executive Officer Charles Koch attributes David Koch's decision to deteriorating health.

Continued Ried: "The Koch brothers and other moneyed interests are influencing the politics in a way not seen for generations".

The three groups launching the campaign: Freedom Partners Chamber of Commerce, Americans for Prosperity and the LIBRE Initiative, are urging the president to lift the recent tariffs on aluminium and steel imports as well as the proposed tariffs on other imports from China. They performed a pivotal function within the 2010 elections that put Republicans again into energy within the Home of Representatives.

Koch's announcement came a day after groups backed by the two brothers said they would champion free trade and oppose tariffs with a multimillion-dollar campaign against U.S. president Donald Trump.

According to past references, it is found that David Koch has also donated hundreds of millions to apolitical causes, including $185 million to the Massachusetts Institute of Technology, his alma mater, and $150 million to Memorial Sloan Kettering Cancer Center in New York City. And in a sign about its shifting strategy, it appears to be more willing to take on the Trump administration than many other political organizations on the right. That show of independence privately irritated congressional Republicans, but in a show of just how powerful the Kochs have grown, those Republicans have said little in public.

Search for El Fuego eruption survivors focuses on mountain hamlets
Volcan de Fuego, or Volcano of Fire, blows outs a thick cloud of ash, as seen from Alotenango, Guatemala, June 3, 2018. The eruption on Sunday sent columns of ash and smoke 6.2 miles (10 km) into the sky, dusting several regions with ash.

French Open 2018: Simona Halep beats Angelique Kerber to reach semi-final
Rafael Nadal has won 37 completed sets in a row at the French Open heading into his quarterfinal against Diego Schwartzman. The last French woman to win a singles Grand Slam title was Marion Bartoli , when she won Wimbledon five years ago.

Hundreds of homes destroyed by volcano lava in Hawaii
Marzo said that "a'ā", a type of flow involving broken lava blocks called clinkers, had covered the entirety of Kapoho Bay . Kathy Emery, who evacuated from her 5-acre farm in Kapoho, said she doesn't know if she has a home to go back to.

He and his foundation have been in the forefront of spearheading research and treatment of prostate cancer and he is a board member of the Prostate Cancer Foundation. He has focused many of his philanthropic efforts on finding a cure for prostate cancer, including with contributions of almost $600 million to medical research and institutions.

In 1980, Koch ran was the Libertarian Party's nominee for vice president, along with Ed Clark, its' presidential pick. Their checkbooks - and their abilities to recruit likeminded patrons - have largely helped conservatives, although this week they announced they were stepping up their game against President Donald Trump over his efforts to drag the United States into a trade war.

The Koch brothers were not full-throated in their support for Trump during the 2016 election.

"We greatly appreciate his vital role on the board and all that he has done to help us build a strong foundation for our future success", Mark Holden, general counsel of Koch Industries and co-chairman of the semi-annual donor summits the political network hosts, said in a statement.

Charles Koch, 82 said he is "deeply saddened" by his brother's retirement, adding that "David has always been a fighter and is dealing with this challenge in the same way".

Other reports by

Discuss This Article

FOLLOW OUR NEWSPAPER