Chapter
Legacy of a Corporate Idealogue
08:48 - 11:34 (02:46)
A manager explains that it is more profitable for the company to risk litigation than to repair faulty equipment regarding unsafe pipelines. The company relies on market-based management principles, which prioritizes profit above all else, even safety.
Clips
A former Koch manager, Knoth Whitstein, testified that Koch Industries prioritized profits over public safety, leading to incidents where unsafe pipelines were not repaired, risking potential deadly accidents.
08:48 - 09:57 (01:08)
Koch Industries
Summary
A former Koch manager, Knoth Whitstein, testified that Koch Industries prioritized profits over public safety, leading to incidents where unsafe pipelines were not repaired, risking potential deadly accidents.
ChapterLegacy of a Corporate Idealogue
EpisodePart Two: Charles Koch: The Luke Skywalker of Rich People
PodcastBehind the Bastards
The principles of market-based management can encourage companies to prioritize profits over safety, as evidenced by a Rolling Stone investigation into a fatal pipeline explosion.
09:58 - 11:34 (01:36)
Market-Based Management
Summary
The principles of market-based management can encourage companies to prioritize profits over safety, as evidenced by a Rolling Stone investigation into a fatal pipeline explosion.