Now that President Barack Obama has embraced job creation in his 2011 State of the Union Address, he might want to take a look at a company that has been successful in creating both jobs and value for its customers. Wichita-based Koch Industries Inc. has done this through an application of market-based practices as described in The Science of Success: How Market-Based Management Built the World’s Largest Private Company, a 2007 book authored by company CEO Charles G. Koch. Koch’s approach has been successful. Since 1960, the value of Koch Industries Inc. has increased faster than the value of the broad-based S&P index of the 500 largest U.S. companies by a factor of 16 times.
Charles and David Koch also believe in free markets and economic freedom as the best way to promote prosperity for all people, and they have long supported organizations that work towards this goal.
But not everyone agrees with Charles and David Koch and their free-market approach to creating jobs, value, and prosperity. Recently they have come under baseless attack by the liberal activist group Common Cause for an alleged attempt to influence two U.S. Supreme Court justices. But as shown in the Wall Street Journal and elsewhere, Common Cause’s complaint is based on incorrect facts, even a total disregard for facts, and is totally groundless. As the Journal notes: “Common Cause’s letter to the Justice Department is just the latest salvo in a long campaign by left-wing groups to intimidate conservative judges, academics and activists.” Fortunately for the cause of freedom, Charles and David Koch do not shrink back from these attacks.
Recently the Wichita Eagle profiled Koch Industries Inc. and how the company’s growth supports over 50,000 jobs in the U.S. and 17,000 overseas. When ripple effects are counted, the job count is at over 203,000 in the U.S. A reprint of the Eagle article is available at Koch cautious in acquiring other businesses.
Keep that praise heaped on Koch, Weeks…you sycophantic puppet…
Bob’s critics may dislike the facts, but this economic success story is a reality that cannot be denied. Koch Industries is an incredible and successful model that business schools, chamber of commerces, eco-devo groups, and related organizations should all examine closely.
When you rapidly outpace the growth of all industry in this country (S&P 500) like Koch Industries has done, you are even more important than what Warren Buffett achieved in outpacing the the stock picking skills on Wall Street for that very same S&P 500 and the other publicly traded stocks. Buffett’s made a career in investing by being more successful than Wall Street while Koch Industries has done the same with other firms.
Okay, the critics, like the two listed above this email may not want to look at Koch Industries, but anyone who would like to emulate their success, their growth, and their ability to create jobs should be looking to them. I doubt that the political class will do so, but they should.
The only publicly traded company that I can think of that may have matched Koch Industries success and growth rate over an extended period of time is Fedex. Perhaps if Bob would praise Fedex’s Fred Smith the way he’s pointed out the success of Koch Industries, his critics would give him a break.
Nah, no way, now how. I suspect that these critics of Bob are the type George Soros keeps inflicting upon the internet through the Daily Kos, Huffington Post, PBS Media Matters, etc. subsidies. It wouldn’t matter what Bob does. If Bob won’t drink the mainstream media’s Obama koolaid and place that drivel on his website, he’s going to be slammed as, “…you sycophantic puppet…” That demonstrates the fatuous level of argument from the statist Left in America today.
It seems that the argument “ad Hitlerum” needs to be replaced with the argument “ad Sorosum.”