Chapter
The Koch Pipeline
05:54 - 08:48 (02:53)
The Koch brothers' pipeline suffered severe corrosion and mechanical damage due to cost-cutting measures that aimed to achieve $550 million per year in profits. The pipeline was put back into service, leading to a tragic accident where two teenagers were killed in a gas explosion caused by a spark from their car ignition.
Clips
The podcast episode sheds light on how cutting costs to increase profits in the business world can have dire consequences, such as in the case of Koch Industries' pipeline repair efforts resulting in severe damage due to corrosion.
05:54 - 08:48 (02:53)
Business ethics
Summary
The podcast episode sheds light on how cutting costs to increase profits in the business world can have dire consequences, such as in the case of Koch Industries' pipeline repair efforts resulting in severe damage due to corrosion. The tragedy of two teenagers losing their lives due to a spark from a decommissioned pipeline also highlights the need for accountability in the pursuit of profit.