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DennisTheMenace

Billionaire conservative David Koch is dead

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Fair winds and following seas Mr. Koch. 🦍

 

Billionaire businessman and major conservative donor David Koch has died. He was 79. New Yorker reporter Jane Mayer first tweeted news of his death on Friday morning. Details of his death are not yet known, but it’s been reported that the younger Koch brother had been in poor health.

 

Last year Koch had stepped away from his role at Koch Industries, the multinational corporation run by his older brother Charles in Kansas. He also left the board of the Americans for Prosperity Foundation, a conservative political advocacy group funded by the Koch brothers.

 

According to Forbes, David Koch was the 11th richest man in the world with a net worth of some $42 billion. But despite holding leadership roles at the massive global conglomerate Koch Industries, David was best known for his political activism supporting conservative and libertarian policies since the 1980s. He’s used his billions throughout the years to support policies, foundations, and think tanks that promote small government and free market ideals.

 

Koch himself launched an unsuccessful bid for president in 1980 as the Libertarian Party’s presidential candidate. He received roughly 1% of the vote. Koch has been targeted by Democratic politicians like President Obama for his involvement in politics, accusing Koch of buying elections and having too much influence on American policy and legislation.

 

Ahead of 2018’s midterm elections Koch aides pledged to spend an eye-popping $400 million to help secure victory for Republicans, including a $20 million pledge to shore up support for the Tax Cuts and Jobs Act.

 

David Koch was also known for his philanthropy, with the brothers donating over $1 billion throughout the years to causes including medical research, higher education, and public television, among other initiatives. In 2014, Koch pledged to donate $1 million to the September 11 Memorial and Museum.

 

The Koch legacy

Though Koch is best known for his foray into American politics, it is his involvement in business through Koch Industries that David has touched most American lives.

“In fact, this really is one of the most important companies in the United States,” “Kochland” author Charles Leonard said recently on Yahoo Finance. “Koch Industries’ annual sales are larger than that of Facebook, Goldman Sachs, and U.S. Steel combined. And it’s not just the size of the company, I think, that makes it important; it’s the scope of what it does.”

 

With a valuation of roughly $140 billion, the sprawling conglomerate controls subsidiaries in the manufacturing, refining, and distribution of various energy resources, such as petroleum and chemicals. Its prodigious reach has ensured that, for nearly four decades, Koch Industries has entered the lives of countless Americans.

“This company specializes in the kind of stuff that underpins civilization,” said Leonard. “Fuel, fertilizer, building materials; it really touches everybody’s life.”

An entrepreneurial spirit

Born in 1940 in Wichita, Kansas, David is the third of four sons born to Fred C. Koch and his wife Mary. He followed in his father’s footsteps, becoming an engineer, earning both a bachelors and a masters degree from the Massachusetts Institute of Technology. He joined Koch Industries under his older brother Charles in 1970, opening their New York office and later becoming president of its engineering division.

 

Both David and Charles Koch – known colloquially as the Koch brothers – shared an entrepreneurial spirit, fostered by their father, after whom the company is named.

 

“When you talk about the business and how it became what it is today, this is a company that, back in even the 70s and 80s, realized the most important resource they dealt with wasn’t gas, or coal, or cattle – it was information,” Leonard said. “This is a company that’s big into trading, and their strategy is to try to know more about the world than their competitors and to trade on that advantage.”

\

That hunger for information remains a central part of Koch Industries’ business strategy, and often permeates the brothers’ political motivations.

“Politically, along with that long-term strategic view, [the Koch brothers] have very firm ideas about limited government, free-market economics, and you’ve seen that in their leadership since the seventies, as well,” Leonard said.

 

Koch is survived by his wife Julia, and their three children, Mary, David Jr., and John.

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1 minute ago, leftwinger said:

May he burn in hell.

Do you have any idea how much he gave to NY and charities?

 

You know nothing about the man.

 

 

 

Medical research

Koch said his biggest contributions go toward a "moon shot" campaign to finding the cure for cancer, according to his profile on Forbes.[8] Between 1998 and 2012, Koch contributed at least $395 million to medical research causes and institutions.[46]

Koch was a member of the Board of Directors of the Prostate Cancer Foundation and contributed $41 million to the foundation, including $5 million to a collaborative project in the field of nanotechnology.[47][48] An eponym of the David H. Koch Chair of the Prostate Cancer Foundation, the position is held by Dr. Jonathan Simons.[49]

In 2006, Koch gave $20 million to Johns Hopkins University School of Medicine in Baltimore for cancer research. The building he financed was named the David H. Koch Cancer Research Building .[50]

In 2007, he contributed $100 million to the Massachusetts Institute of Technology for the construction of a new 350,000-square-foot (33,000 m2) research and technology facility to serve as the home of the David H. Koch Institute for Integrative Cancer Research,[51] Since joining the MIT Corporation in 1988, Koch has given a total of $185 million to MIT.[46] $15 million to New York-Presbyterian Hospital Weill Cornell Medical Center[52] and $30 million to the Memorial Sloan–Kettering Cancer Center in New York.[53]

In 2008, he donated $25 million to the University of Texas M. D. Anderson Cancer Center in Houston to establish the David Koch Center for Applied Research in Genitourinary Cancers.[54]

In 2011 Koch gave $5 million to the House Ear Institute, in Los Angeles, to create a center for hearing restoration,[44] and $25 million to the Hospital for Special Surgery in New York City[55][56] In 2013, he gave $100 million to NewYork–Presbyterian Hospital, the largest philanthropic donation in its history, beginning a $2 billion campaign to conclude in 2019 for a new ambulatory care center and renovation the infrastructure of the hospital's five sites.[57]

In 2015, he committed $150 million to Memorial Sloan Kettering Cancer Center in New York City to build the David H. Koch Center for Cancer Care, which will be housed in a 23-story building in development between East 73rd and 74th Streets overlooking the FDR Drive. The center will combine state-of-the-art cancer treatment in an environment that supports patients, families, and caregivers. The building will include flexible personal and community spaces, educational offerings, and opportunities for physical exercise.[58]

Arts

In July 2008, Koch pledged $100 million over 10 years to renovate the New York State Theater in the Lincoln Center for the Performing Arts, now named in his honor [59] and pledged $10 million to renovate fountains outside the Metropolitan Museum of Art.[60]

Koch was a trustee of the American Ballet Theatre for 25 years[61] and contributed more than $6 million to the theater.[62] He was also a member of the Board of Trustees of WGBH-TV,[63][64] which produces more than two-thirds of the nationally distributed programs broadcast by PBS.

Education

From 1982 to 2013, Koch contributed $18.6 million to WGBH Educational Foundation, including $10 million to the Public Broadcasting Service (PBS) show Nova.[65][66] Koch is a contributor to the Smithsonian Institution in Washington, D.C., including a $20 million gift to the American Museum of Natural History, creating the David H. Koch Dinosaur Wing and a contribution of $15 million to the National Museum of Natural History to create the new David H. Koch Hall of Human Origins, which opened on the museum's 100th anniversary of its location on the National Mall on March 17, 2010.[67] He also served on the executive board of the Institute of Human Origins.[68] In 2012, Koch contributed US$35 million to the Smithsonian to build a new dinosaur exhibition hall at the National Museum of Natural History.[69][70]

Koch also financed the construction of the $68 million Koch Center for mathematics, science and technology at the Deerfield Academy, a highly selective independent, coeducational boarding school at Deerfield, Massachusetts,[71][non-primary source needed] and was named its first and only Lifetime Trustee.[71]

Koch gave $10 million to the Cold Spring Harbor Laboratory [72] where he was honored with the Double Helix Medal for Corporate Leadership for supporting research that, "improves the health of people everywhere".[73][non-primary source needed]

Prison reform

In July 2015 David Koch and his brother were commended by both President Obama and activist Anthony Van Jones for their bipartisan efforts to reform the prison system in the United States.[74][75] For nearly ten years the Kochs together advocated for several reforms within the criminal justice system which include reducing recidivism rates, simplifying the employment process for the rehabilitated, and defending private property from government seizures through asset forfeiture.[75][76] Allying with groups such as the ACLU, the Center for American Progress, Families Against Mandatory Minimums, the Coalition for Public Safety, and the MacArthur Foundation, the Kochs maintain the current prison system unfairly targets low-income and minority communities at the expense of the public budget.[75][77]

 

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POOR LYING CRYING ROOM RETARD BENSON, BELONGS TO THE PUSSYBOY FAGGOTS OF AMERICA AKA ANTIFA

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Yes Menace...we already know. 

 

Stop flogging yer dolphin and try to keep up.

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1 minute ago, leftwinger said:

 

I know more than you, dullard.

It's quite embarrassing even for you not to know the money this man gave away to help save lives..

 

Did you read the money he gave away?

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2 minutes ago, Z09 said:

 

You know nothing about the man.

 

In fairness, actually KNOWING something has never slowed our friend down from commenting. 

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1 minute ago, leftwinger said:

Death to Oligarchs. Burn in hell Koch.

In 2015, he committed $150 million to Memorial Sloan Kettering Cancer Center in New York City to build the David H. Koch Center for Cancer Care, which will be housed in a 23-story building in development between East 73rd and 74th Streets overlooking the FDR Drive. The center will combine state-of-the-art cancer treatment in an environment that supports patients, families, and caregivers. The building will include flexible personal and community spaces, educational offerings, and opportunities for physical exercise.[58]

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1 minute ago, Z09 said:

It's quite embarrassing even for you not to know the money this man gave away to help save lives..

 

Did you read the money he gave away?

 

fukk off

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Just now, Z09 said:

In 2015, he committed $150 million to Memorial Sloan Kettering Cancer Center in New York City to build the David H. Koch Center for Cancer Care, which will be housed in a 23-story building in development between East 73rd and 74th Streets overlooking the FDR Drive. The center will combine state-of-the-art cancer treatment in an environment that supports patients, families, and caregivers. The building will include flexible personal and community spaces, educational offerings, and opportunities for physical exercise.[58]

 

And the mafia donates to Catholic Churches. So fukking what?!

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1 minute ago, leftwinger said:

 

And the mafia donates to Catholic Churches. So fukking what?!

Do I have to explain where the Mafia gets their $$$...?

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1 minute ago, Z09 said:

Do I have to explain where the Mafia gets their $$$...?

 

You can't buy off God. Koch is roasting in hell.

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5 minutes ago, leftwinger said:

Death to Oligarchs. Burn in hell Koch.

Koch was a member of the Board of Directors of the Prostate Cancer Foundation and contributed $41 million to the foundation, including $5 million to a collaborative project in the field of nanotechnology.[47][48] An eponym of the David H. Koch Chair of the Prostate Cancer Foundation, the position is held by Dr. Jonathan Simons

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1 minute ago, Z09 said:

Koch was a member of the Board of Directors of the Prostate Cancer Foundation and contributed $41 million to the foundation, including $5 million to a collaborative project in the field of nanotechnology.[47][48] An eponym of the David H. Koch Chair of the Prostate Cancer Foundation, the position is held by Dr. Jonathan Simons

 

You'd praise Mussolini.

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13 minutes ago, leftwinger said:

May he burn in hell.

 

Koch was Libertarian. 

He believed in pure American Freedom.  He advocated for small government, low taxes,

and a huge amount of personal freedom......and personal responsibility.  He was a capitalist....to the bone.

I am absolutely sure that he will be welcomed into Heaven by all of the Angels...…….with open arms.     😌

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Leftwinger.

You're really showing your ignorance...

This man gave hundreds of millions to help people and cancer research...

 

You're too stupid to realize that because you're the one that's filled with hate.

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