Chapter
Charles Koch's Libertarian Journey
25:17 - 34:47 (09:30)
Charles Koch embraced libertarian economic theory and turned his company into a place where business units compete against each other. He sought to keep costs down and encourage innovation.
Clips
The Koch brothers' father, Fred Koch, was a member of the John Birch Society and believed in conspiracy theories involving communism and the racial integration of America.
25:17 - 27:43 (02:26)
Summary
The Koch brothers' father, Fred Koch, was a member of the John Birch Society and believed in conspiracy theories involving communism and the racial integration of America. Charles Koch, on the other hand, joined the society to impress his father but actually thought that the conspiracy theories were "nuts."
ChapterCharles Koch's Libertarian Journey
EpisodePart One: Charles Koch: The Luke Skywalker of Rich People
PodcastBehind the Bastards
Within Charles Koch's company, each business unit competes with every other business unit rather than working together, in hopes of keeping costs down and leading to more innovation.
27:43 - 34:47 (07:03)
Summary
Within Charles Koch's company, each business unit competes with every other business unit rather than working together, in hopes of keeping costs down and leading to more innovation. This resulted in some employees having to bid with outside companies to determine who would get to train them.