David Koch - Biography

David Koch - Biography

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David Koch Country of residence : Unknown Linked companies : MTV - JPMorgan Chase & Co. - Koch Industries Inc Biography David Hamilton Koch (; born May 3, 1940) is an American businessman, philanthropist, political activist, and chemical engineer. He is a co-owner (with older brother Charles) and an executive vice president of Koch Industries, a conglomerate that is the second-largest privately held company in the United States. Koch is a major patron of the arts and has contributed to several charities including Lincoln Center, Sloan Kettering, a fertility clinic at New York-Presbyterian Hospital and the American Museum of Natural History's David H. Koch Dinosaur Wing. The New York State Theater at Lincoln Center, home of the New York City Ballet was renamed the David H. Koch Theater in 2008 following a gift of 100 million dollars for the renovation of the theater. Condé Nast Portfolio described him as 'one of the most generous but low-key philanthropists in America'. He and his brother Charles have also donated to political advocacy groups, including Americans for Prosperity, and the second-richest resident of New York City as of 2010. Early life and education  Koch was born in Wichita, Kansas, to Mary (née Robinson) and Fred Chase Koch, a chemical engineer. He is one of four siblings. His paternal grandfather, Harry Koch, was a Dutch immigrant who founded the Quanah Tribune-Chief newspaper and was a founding shareholder of Quanah, Acme and Pacific Railway. He attended the Deerfield Academy prep school in Massachusetts, graduating in 1959. He went on to the Massachusetts Institute of Technology (MIT), earning both a bachelor's (1962) and a master's degree (1963) in chemical engineering. He is a member of the Beta Theta Pi Fraternity. Koch played basketball at MIT, averaging 21 points per game at MIT over three years, a school record. He also held the single-game scoring record of 41 points from 1962 until 2009 when it was eclipsed by Jimmy Bartolotta. In 1970, Koch joined Koch Industries. Nine years later, he would become the president of Koch Engineering. Political career  Koch was the Libertarian Party's vice-presidential candidate in the 1980 presidential election, sharing the party ticket with presidential candidate Ed Clark. The Clark–Koch ticket promising to abolish Social Security, the Federal Reserve Board, welfare, minimum-wage laws, corporate taxes, all price supports and subsidies for agriculture and business, and U.S. Federal agencies including the SEC, EPA, ICC, FTC, OSHA, FBI, CIA, and DOE.Rinker Buck, , New York magazine, 3 November 1980 Source @ Wikipedia Latest news about David Koch Wall Street's energy rivals - Big Oil, a French utility, the Koch brothers 2013 - NEW YORK (Reuters) - As a historic oil and gas boom transforms the U.S. energy sector, Wall Street is losing the battle to remain the partner of choice for energy producers and major consumers seeking to protect themselves against volatile prices. Koch brothers move into electronics with $7.2 billion Molex deal 2013 - (Reuters) - Privately owned Koch Industries will buy Molex Inc, a maker of electronic connectors for companies including Apple Inc, for about $7.2 billion to give the billionaire Koch brothers a way to diversify from their traditional holdings in energy, chemicals and paper. Koch Brothers decide not to buy the Tribune newspapers 2013 - (Reuters) - Charles and David Koch, two of the world's richest men, have walked away from talks to buy the Tribune Co's newspaper assets, concluding that the papers were not economically viable.