Koch Industries Case Study

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Introduction Koch Industries, founded by Fred C. Koch in 1940, is currently the second largest private company in the United States. Including its subsidiaries, Koch Industries brings in $115 billion in revenue annually. David and Charles Koch, the current owners of the company, took over Koch Industries in 1967. The products and services offered through Koch Industries are extensive and include things like industrial building materials, paper products, fuel for multiple forms of transportation, energy-efficient glass for buildings and cars, textiles, medical technology, investments, and more. As one of the largest business’ in the US Koch industries is active in its CSR programs and partnerships with local organizations that address a number of issues that affect the community as a whole. This includes addressing issues like poverty, education, and employment through CSR programs such as Young Entrepreneurs, Mike Rowe Work Foundation, and Habitat for Humanity. The Koch brothers, two of the most wealthy men in the world, also participate in a number of…show more content…
Koch Industries has also had numerous problematic encounters with the EPA and US government in the 75 years of business that have negatively shaped the brand image and have cost the company a lot of money. Koch industries was fined $30 million by the EPA in 2000 for its role in more than three million gallons of crude oil being spilled on 300 different occasions. Also, in late 2000 Koch brothers pleaded guilty to falsifying documents and paid a $20 million dollar fine. They were facing potential penalties totaling $250 million before striking a deal with the attorney general at the time. When assessing the environmental impact Koch Industries has it is important to keep in mind the size and scope of their
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