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Charles G. Koch
Charles de Ganahl Koch ( ; born November 1, 1935) is an American billionaire businessman. As of November 2022, he was ranked as the 13th richest person in the world on ''Bloomberg Billionaires Index'', with an estimated net worth of $66 billion. Koch has been co-owner, chairman, and chief executive officer of Koch Industries since 1967, while his late brother David Koch served as executive vice president. Charles and David each owned 42% of the conglomerate. The brothers inherited the business from their father, Fred C. Koch, then expanded the business. Originally involved exclusively in oil refining and chemicals, Koch Industries now includes process and pollution control equipment and technologies, polymers and fibers, minerals, fertilizers, commodity trading and services, forest and consumer products, and ranching. The businesses produce a wide variety of well-known brands, such as Stainmaster carpet, the Lycra brand of spandex fiber, Quilted Northern tissue, and Dixie C ...
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Wichita, Kansas
Wichita ( ) is the largest city in the U.S. state of Kansas and the county seat of Sedgwick County, Kansas, Sedgwick County. As of the 2020 United States census, 2020 census, the population of the city was 397,532. The Wichita metro area had a population of 647,610 in 2020. It is located in south-central Kansas on the Arkansas River. Wichita began as a trading post on the Chisholm Trail in the 1860s and was incorporated as a city in 1870. It became a destination for Cattle drives in the United States, cattle drives traveling north from Texas to Kansas railroads, earning it the nickname "Cowtown".Miner, Prof. Craig (Wichita State Univ. Dept. of History), ''Wichita: The Magic City'', Wichita Historical Museum Association, Wichita, KS, 1988Howell, Angela and Peg Vines, ''The Insider's Guide to Wichita'', Wichita Eagle & Beacon Publishing, Wichita, KS, 1995 Wyatt Earp served as a police officer in Wichita for around one year before going to Dodge City, Kansas, Dodge City. In the ...
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Lycra
Spandex, Lycra, or elastane is a synthetic fiber known for its exceptional elasticity. It is a polyether-polyurea copolymer that was invented in 1958 by chemist Joseph Shivers at DuPont's Benger Laboratory in Waynesboro, Virginia, US. The generic name "spandex", which is an anagram of the word "expands", is the preferred name in North America. In continental Europe, it is referred to by variants of "elastane", including (France), (Germany, Sweden), (Spain), (Italy), and (Netherlands); and in the UK, Ireland, Portugal, Spain, Latin America, Australia, and New Zealand, it is primarily known as "Lycra". Brand names for spandex include Lycra (made by The Lycra Company, previously a division of DuPont Textiles and Interiors), Elaspan (The Lycra Company), Acepora (Taekwang Group), Creora (Hyosung), INVIYA (Indorama Corporation), ROICA and Dorlastan (Asahi Kasei), Linel (Fillattice), and ESPA (Toyobo). History In the post-World War II era, DuPont Textiles Fibers Department ...
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Republican Party (United States)
The Republican Party, also referred to as the GOP ("Grand Old Party"), is one of the two major contemporary political parties in the United States. The GOP was founded in 1854 by anti-slavery activists who opposed the Kansas–Nebraska Act, which allowed for the potential expansion of chattel slavery into the western territories. Since Ronald Reagan's presidency in the 1980s, conservatism has been the dominant ideology of the GOP. It has been the main political rival of the Democratic Party since the mid-1850s. The Republican Party's intellectual predecessor is considered to be Northern members of the Whig Party, with Republican presidents Abraham Lincoln, Rutherford B. Hayes, Chester A. Arthur, and Benjamin Harrison all being Whigs before switching to the party, from which they were elected. The collapse of the Whigs, which had previously been one of the two major parties in the country, strengthened the party's electoral success. Upon its founding, it supported c ...
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George Mason University
George Mason University (George Mason, Mason, or GMU) is a public research university in Fairfax County, Virginia with an independent City of Fairfax, Virginia postal address in the Washington, D.C. Metropolitan Area. The university was originally founded in 1949 as a Northern Virginia regional branch of the University of Virginia. Named after Founding Father of the United States George Mason in 1959, it became an independent university in 1972. The school has since grown into the largest public university in the Commonwealth of Virginia. Mason operates four campuses in Virginia ( Fairfax, Arlington, Front Royal, and Prince William), as well as a campus in Incheon, South Korea. The flagship campus is in Fairfax. The university is classified among "R1: Doctoral Universities – Very high research activity". Two professors were awarded the Nobel Memorial Prize in Economics during their time at George Mason University: James M. Buchanan in 1986 and Vernon L. Smith in 2002. Ea ...
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Mercatus Center
The Mercatus Center is an American Libertarianism in the United States, libertarian, free-market-oriented non-profit think tank. Located at George Mason University and directed by the American economist Tyler Cowen, the Mercatus Center works with policy experts, Lobbying in the United States, lobbyists, and government officials to connect academic learning and real-world practice. Taking its name from the Latin word for ''market'', the center advocates free-market approaches to public policy. During the George W. Bush administration's campaign to reduce government regulation, ''The Wall Street Journal'' reported, "14 of the 23 rules the White House chose for its 'hit list' to eliminate or modify were Mercatus entries". According to the ''2017 Global Go To Think Tank Index Report'' (Think Tanks and Civil Societies Program, University of Pennsylvania), Mercatus is number 39 in the "Top Think Tanks in the United States" and number 18 of the "Best University Affiliated Think Tanks". T ...
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Ayn Rand Institute
The Ayn Rand Institute: The Center for the Advancement of Objectivism, commonly known as the Ayn Rand Institute (ARI), is a 501(c)(3) nonprofit think tank in Santa Ana, California, that promotes Objectivism, the philosophy developed by Ayn Rand. The organization was established in 1985, three years after Rand's death, by Ed Snider and Leonard Peikoff, Rand's legal heir. ARI has several educational and outreach programs, which include providing intellectuals for public appearances, supporting Objectivist campus clubs, supplying Rand's writings to schools and professors, assisting overseas Objectivist institutions, organizing annual conferences and running the Objectivist Academic Center. The institute's stated goal is to "spearhead a cultural renaissance that will reverse the anti-reason, anti-individualism, anti-freedom, anti-capitalist trends in today's culture". History During her lifetime, Rand helped establish The Foundation for the New Intellectual to promote Objectiv ...
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Institute For Humane Studies
The Institute for Humane Studies (IHS) is a non-profit organization that promotes the teaching and research of classical liberalism in higher education in the United States. IHS offers funding opportunities, programs, and events for faculty and graduate students seeking careers in academia as well as various fellowships. Founded by F. A. "Baldy" Harper in 1961, Quote: "and he moved to transfer the bulk of the Volker funds to a new Institute for Humane Studies, which would expand the Volker concept and would provide a permanent home for libertarian fellowships, scholarship, conferences, and publications." the organization later began an association with George Mason University and in 1985 moved to Fairfax, Virginia. The institute is currently located at 3434 Washington Blvd. on the Arlington campus of George Mason University. It is partially funded by the Charles Koch Foundation. History The Institute for Humane Studies was founded in 1961 in Menlo Park, California, by F. A. Ha ...
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Think Tank
A think tank, or policy institute, is a research institute that performs research and advocacy concerning topics such as social policy, political strategy, economics, military, technology, and culture. Most think tanks are non-governmental organizations, but some are semi-autonomous agencies within government or are associated with particular political parties, businesses or the military. Think-tank funding often includes a combination of donations from very wealthy people and those not so wealthy, with many also accepting government grants. Think tanks publish articles and studies, and even draft legislation on particular matters of policy or society. This information is then used by governments, businesses, media organizations, social movements or other interest groups. Think tanks range from those associated with highly academic or scholarly activities to those that are overtly ideological and pushing for particular policies, with a wide range among them in terms of th ...
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Good Profit
''Good Profit: How Creating Value for Others Built One of the World's Most Successful Companies'' is a 2015 book by Charles G. Koch. It was published in the United States by Crown Business, an imprint of the Crown Publishing Group, a division of Penguin Random House LLC. It was published in the United Kingdom by Piatkus. It is a follow-up to a 2007 book by Koch called ''The Science of Success''. Book summary In the book, Koch explains the business strategy behind the remarkable success of his family-owned firm, Koch Industries, which is the second largest privately owned company in the United States. Koch is the firm's co-owner, CEO, and chairman of the board. This strategy, or “management framework,” is called “Market-Based Management,” or “MBM.” Koch says that his book is meant for all business readers who desire to move beyond “anecdotes, buzzwords, and laundry lists” to apply MBM methods to generate profit for themselves, their business, and to improve societ ...
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The Science Of Success
''The Science of Success: How Market-Based Management Built the World's Largest Private Company'' is a book written by Charles Koch in which he delineates his philosophy of Market Based Management (MBM). Koch, the CEO of Koch Industries, Inc., wrote it in 2007. While many similarly-titled books by other authors exist, T. Boone Pickens argues that Koch's immense personal business success lends credibility to the book's concept. Purpose Koch has said that he initially wrote the book after the 2004 acquisition of Invista with the intent of using it as a sort of training manual to give a comprehensive picture of Koch Industries' business philosophy and to explain the principles of MBM to the new employees; Koch had initially conducted much of the training of new employees, but as the company grew, it soon became an impossible task, and necessitated the implementation of some other training method. He was later convinced to expand the "training manual" to share his philosophies with ...
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Forbes
''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also reports on related subjects such as technology, communications, science, politics, and law. It is based in Jersey City, New Jersey. Competitors in the national business magazine category include ''Fortune'' and ''Bloomberg Businessweek''. ''Forbes'' has an international edition in Asia as well as editions produced under license in 27 countries and regions worldwide. The magazine is well known for its lists and rankings, including of the richest Americans (the Forbes 400), of the America's Wealthiest Celebrities, of the world's top companies (the Forbes Global 2000), Forbes list of the World's Most Powerful People, and The World's Billionaires. The motto of ''Forbes'' magazine is "Change the World". Its chair and editor-in-chief is Steve Fo ...
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Forbes List Of Billionaires
''The World's Billionaires'' is an annual ranking by documented net worth of the wealthiest billionaires in the world, compiled and published in March annually by the American business magazine ''Forbes''. The list was first published in March 1987. The total net worth of each individual on the list is estimated and is cited in United States dollars, based on their documented assets and accounting for debt and other factors. Royalty and dictators whose wealth comes from their positions are excluded from these lists. This ranking is an index of the wealthiest documented individuals, excluding any ranking of those with wealth that is not able to be completely ascertained. In 2018, Amazon founder Jeff Bezos was ranked at the top for the first time and became the first centibillionaire included in the ranking, surpassing Microsoft founder Bill Gates, who had topped the list 18 of the previous 24 years. In 2022, after topping the list for four years, Bezos was surpassed by Elon Musk. ...
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