“When goods don't cross borders, soldiers will.”
— Charles Koch, quoting Frédéric Bastiat
This episode will no doubt surprise people, and my guest came to
me through channels I wouldn't have expected.
---
Charles Koch received a bachelor’s degree in
general engineering and two master’s degrees, in nuclear and
chemical engineering, from the Massachusetts Institute of
Technology.
He is chairman of the board and CEO of Koch Industries Inc., a
position he has held since 1967. He is renowned for growing Koch
Industries from a company worth $21 million in the early 1960s to
one with revenues estimated as high as $110 billion by Forbes.
It’s one of the largest privately held companies in the world,
and by revenue, it’s larger than both Boeing and Disney. He has
transformed the business into a diverse group of companies that
employ nearly 130,000 people—making everything from Dixie cups to
components in your cell phone.
Charles credits the success of Koch Industries to applying proven
principles of social and scientific progress, which led to the
development and implementation of his Market-Based Management
(MBM) business philosophy. He describes MBM and its applications
in two of his books, The Science of Success and Good Profit.
Charles is now using those principles in philanthropy, as the
founder of Stand Together, to tackle some of the biggest
challenges in the U.S. Stand Together is partnering with
thousands of social entrepreneurs to help them improve their
effectiveness and scale at tackling poverty, improving K-12
education, bringing justice to our criminal justice system, and
more.
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