Charles Koch And The “Good Profit”

Charles Koch is today a well-known businessman and philanthropist. Born in the 1930’s in Wichita, Kansas, Charles would grow up to inherit Koch Industries from his father. Frank Koch. Today he is the co-owner, chairman of the board and CEO of Koch Industries. His brother David is currently the executive vice president of the company. The brothers each own approx. 42% of the business.

Originally Koch Industries dealt primarily in oil refinery and chemicals. Due to the company’s incredible growth, the company now produces polymers, materials, pollution control technologies, and equipment as well as much more. Among their most popular items are Quilted Northern tissue, Dixie Cups, and Stainmaster Carpet. Charles is worth $40 billion dollars, making him one of the richest men in the US.

Recently Mr. Koch gave an interview to the Wichita Business Journal. In the interview Charles Koch states that he feels that there are guiding principles that have led him to his great success. As a result he has written a book based on those principles. His desire to share these principles with others caused him to back away, somewhat, during the writing process, but he feels it was important that he do so.

The book is called “Good Profit”, and it outlines his market-based business philosophy. Though Mr. Koch is unsure of how the critics feel about his offering, he claims he is still glad to have written it. He goes on to explain that he believes Aristotle was correct when he said that how a man feels about himself can lead him to find contentment and happiness in life. His biggest belief is that people need to find out what they are interested in or have a passion for, and build their lives around that passion. He feels that this is the road to success.

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