David Koch’s retirement and the conservative movement

THE Koch brothers are to the left what George Soros is to the right: villains accused of using their billions to subvert the will of the people. Charles Koch and his younger brother David are fabulously rich thanks to the success of Koch Industries, an oil, gas and commodities conglomerate based in Wichita, Kansas, that is America’s second-biggest private company and employs more than 120,000 people. Yet like Mr Soros, who made his billions as a hedge-fund manager and supports liberal causes on both sides of the Atlantic, they are better known for their political activism, which has made them heroes in conservative circles and the favourite bogeymen of liberals. On June 5th Charles announced in a letter to employees of Koch Industries that his brother was stepping down from his political and business interest because of poor health. David was diagnosed with prostate cancer over two decades ago and has battled the illness ever since. What will David’s retirement do to the conservative...Continue reading

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