DOCSLIB.ORG

David Koch Cites 'Moral Responsibility'

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

the chronicle of MAY 26, 2016 PHILANTHROPY® David Koch Cites ‘Moral Responsibility’ to Boost His Giving BY MARIA DIMENTO illionaire industrialist Da- vid Koch is best known for the large donations he has made to Republican candi- dates and PACs, but much Bof his philanthropy has nothing to do with politics. The 76-year-old energy and manufacturing tycoon is fond of ballet, and he recently donat- ed $2.5 million for a historically rooted production of “The Sleep- ing Beauty” by the choreographer Alexi Ratmansky at the American Ballet Theater. “When I was a teenager I loved fairy tales and romantic stories, and I thought Sleeping Beauty was an ideal subject,” he said. “I couldn’t have been more pleased ADRIENNE GRUNWALD FOR THE WALL STREET JOURNAL with the outcome and I think ev- Billionaire industrialist David Koch says he will accelerate his philanthropy in the arts and medical research. eryone loved it.” Mr. Koch has quietly given the ballet company a total Cultural Giving of $21 million — a small slice of the $1.3 billion he has In the Chronicle interview, David Koch made clear how given over the years. Although he has declined to sign much pleasure he gets from cultural donations, which the Giving Pledge, he is one of America’s most prolific have focused on institutions in his adopted hometown donors, appearing on The Chronicle’s list of top 50 donors of New York. He gave $100 million in 2008 to renovate seven times since 2006, often near the top. the New York State Theater at Lincoln Center, now called In an interview with The Chronicle, Mr. Koch pledged the David H. Koch Theater, and he has given nearly $79 to accelerate his philanthropy. Likely beneficiaries in- million to the Metropolitan Museum of Art, where he is a clude the arts and medical research, two causes he has trustee. given to repeatedly. And a recent article in the National He is particularly proud of his $65 million donation to the Review suggested that Mr. Koch and his brother Charles museum in 2012 to support a major renovation of its front may be pulling back from their heavy spending on elec- plaza and surrounding grounds. Mr. Koch describes the tions to focus more on supporting think tanks. renovation as “magnificent,” “beautiful,” and “spectacular.” Still, some of his cul- His experiences with tural giving has attracted the disease have led Mr. controversy. Last year, Koch to devote more than environmental activ- DAVID KOCH’S PHILANTHROPY $517 million — nearly half ists accused Mr. Koch of Total he says he has given in his of his giving to date — to supporting groups that help those suffering with deny climate change and lifetime: $1.3 billion cancer and support those petitioned to have him Top causes: health care, $596.8 working to cure it. removed from the board of the American Muse- million; education, $370.6 million; Big Money for Research um of Natural History, arts and culture, $292.5 million Mr. Koch considers the to which he has donated $100 million he gave the more than $20 million. Times he has appeared on the Massachusetts Institute of (His name adorns the Philanthropy 50 list of top U.S. Technology in 2007 to cre- institution’s Dinosaur donors: 7 ate the David H. Koch Cen- Wing.) He served 23 years ter for Cancer Research to on the museum’s board be among his most im- before stepping down in portant donations. He has January. Both the muse- contributed an additional um and Mr. Koch said at the time his decision was not $82.4 million to MIT, his alma mater, and has served on related to the petition. its Board of Trustees since 1988. He also counts as significant donations a $101 million Cancer Survivor gift to NewYork-Presbyterian Hospital for a patient-care Mr. Koch amassed a $43 billion fortune through his center; $29.5 million to the University of Texas M.D. family’s Koch Industries, a multinational corporation Anderson Cancer Center for research; and his gifts to based in Wichita, Kan., where he grew up. Memorial Sloan-Kettering Cancer Center, totaling $225 But wealth and privilege have not insulated him from million since 2006, for treatment, study, and a center for the indignities of mortality. Another side of his philan- the immunological control of the disease. thropy reflects his more than 20-year battle with prostate Despite such sums, Mr. Koch says he doesn’t think his cancer. charitable giving is particularly remarkable and says he Diagnosed with the disease in 1992, he has been in is planning more. remission for the last five years and says he feels lucky to “I was rather modest in my contributions when I was be in such good health. in my 20s, but as our company has become more and “I went through one treatment after another and it’s more profitable, I’ve felt a moral responsibility to make remarkable how I’ve been able to postpone the advance sizable contributions,” he says. “I mean to do that for the of the cancer I was expecting to pursue me,” he says. remainder of my life.” n Posted with permission from The Chronicle of Philanthropy. Copyright ©2016. All rights reserved. www.chronicle.com #C50695 Managed by The YGS Group, 800.290.5460. For more information visit www.theYGSgroup.com..
Recommended publications
  • The Challenge of Success

    The Challenge of Success

    Discovery january 2012 THE QUARTERLY NEWSLETTER OF KOCH COMPANIES The challenge of success For many Koch companies – and for Georgia-Pacic’s gypsum and wood And then there is the age-old problem of Koch Industries overall – 2011 was a products businesses – both of which rely overcoming success. record year. on new building construction – suered Charles Koch, KII’s chairman and CEO, Flint Hills Resources led the way, helped as the construction slump in the United has repeatedly warned about complacency by record results from Pine Bend and a States continued. or smugness aer achieving record results. signicant increase in South Texas crude Similarly, INVISTA’s residential oor- He did so in his 2007 book, e Science oil production that beneted its Corpus ing business struggled. With new home of Success, and in his very rst Founder’s Christi reneries. construction in the U.S. at historic lows, Day video, recorded eight years ago. demand for carpet ber is depressed. FHR’s lubricants business also had a record “It is all too easy,” Koch said recently, “to year, and results for the asphalt and chemi- Prolonged drought in the Midwest and assume that things will keep going your cals businesses improved signicantly. wildres in Texas were serious issues for way, or that markets will remain strong Koch Pipeline was busy expanding its e Matador Cale Company. and your competitive advantages will system, especially in South Texas, where And results for Koch Supply & Trading never erode. the Eagle Ford Shale play is boosting and Koch Minerals were nowhere near “Even worse is becoming arrogant or domestic production and bringing new the record highs seen a few years ago.
  • Infor, Inc. Form 10-K Annual Report Filed 2017-06-26

    Infor, Inc. Form 10-K Annual Report Filed 2017-06-26

    SECURITIES AND EXCHANGE COMMISSION FORM 10-K Annual report pursuant to section 13 and 15(d) Filing Date: 2017-06-26 | Period of Report: 2017-04-30 SEC Accession No. 0001193125-17-212858 (HTML Version on secdatabase.com) FILER Infor, Inc. Mailing Address Business Address C/O INFOR, INC. C/O INFOR, INC. CIK:1556148| IRS No.: 010924667 | Fiscal Year End: 0430 641 AVENUE OF THE 641 AVENUE OF THE Type: 10-K | Act: 34 | File No.: 333-183494-06 | Film No.: 17929398 AMERICAS AMERICAS SIC: 7372 Prepackaged software NEW YORK NY 10011 NEW YORK NY 10011 (678) 319-8000 Copyright © 2017 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED APRIL 30, 2017 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 333-183494-06 INFOR, INC. (Exact name of registrant as specified in its charter) DELAWARE 01-0924667 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification Number) 641 AVENUE OF THE AMERICAS NEW YORK, NEW YORK 10011 (Address of principal executive offices, including zip code) (646) 336-1700 (Registrants telephone number, including area code) Securities registered pursuant to section 12(b) of the act: None Securities registered pursuant to section 12(g) of the act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
  • Koch Industries, Inc. Completes Purchase of Molex Incorporated

    Koch Industries, Inc. Completes Purchase of Molex Incorporated

    Dec. 9, 2013 Contacts: Susan Armitage Melissa Cohlmia VP, Corporate Communications Director, Corporate Communication Molex Incorporated Koch Companies Public Sector, LLC 630-527-4561 316-828-3756 [email protected] [email protected] KOCH INDUSTRIES, INC. COMPLETES PURCHASE OF MOLEX INCORPORATED WICHITA, KANSAS/LISLE, ILLINOIS – Koch Industries, Inc. has completed its $7.2 billion acquisition of Molex Incorporated (NASDAQ: MOLX, MOLXA), a global electronic components company. The acquisition was finalized through the merger of Koch Industries’ wholly owned subsidiary, Koch Connectors, Inc., with and into Molex. As a result of the merger, Molex is now an indirect wholly-owned subsidiary of Koch Industries, Inc., retaining its name and headquarters in Lisle, Illinois. The company will continue to be operated by its current management team. Under the merger agreement, all of the outstanding shares of Molex, including the Common Stock, the Class A Common Stock and the Class B Common Stock were converted into a right to receive $38.50 per share in cash, plus an adjustment of $0.18 per share representing a pro rata portion of the regular quarterly cash dividend. “We’re pleased to welcome Molex’s 36,000 talented leaders and employees to Koch,” said Charles Koch, chairman and chief executive officer of Koch Industries. “Molex is a great company that creates real value for its customers and society and matches up well with our culture and core capabilities.” Dave Robertson, president and COO of Koch Industries said, “This acquisition represents a new platform for growth and innovation for us. We’re looking forward to applying our Market-Based Management® philosophy at Molex to help identify and capture additional opportunities.” Koch Industries/Molex Page Two “Now that the transaction has closed, we are eager to move forward with our new owners,” said Martin Slark, chief executive officer of Molex.
  • Billionaires Tea Party

    Billionaires Tea Party

    1 THE BILLIONAIRES’ TEA PARTY How Corporate America is Faking a Grassroots Revolution [transcript] Barack Obama: This is our moment. This is our time. To reclaim the American Dream and reaffirm that fundamental truth that where we are many, we are one; that while we breathe, we hope; and where we are met with cynicism and doubt and those who tell us we can’t, we will respond with that timeless creed that sums up the spirit of a people: Yes we can. Man on Stage: They’re listening to us. They are taking us seriously, and the message is: It’s our county, and they can have it when they pry it from our cold dead fingers. They work for me! NARRATOR: Where did it all go wrong for Barack Obama and the democrats? After sweeping to power with a promise of hope and change, a citizens uprising called the tea party movement emerged. Their message was “no” to big government spending, “no” to healthcare and climate change legislation, and “no” to Obama himself. Woman: Obama is a communist. He says that he doesn't believe in the constitution. NARRATOR: Then, two years into Obama’s presidency, tea party endorsed candidates emerged to sweep the republicans to victory in the House of Representatives. Male News Reader: 32% of the candidates that were elected last night across this country are affiliated with the Tea Party movement. Rand Paul: There's a Tea Party tidal wave, and we're sending a message to 'em. Female Reporter: And they see it as a repudiation of the President and his policies.
  • UNITED STATES DISTRICT COURT for the DISTRICT of COLUMBIA ______) LIBERTARIAN NATIONAL ) COMMITTEE, INC., ) Civ

    UNITED STATES DISTRICT COURT for the DISTRICT of COLUMBIA ______) LIBERTARIAN NATIONAL ) COMMITTEE, INC., ) Civ

    Case 1:11-cv-00562-RLW Document 24 Filed 05/04/12 Page 1 of 52 UNITED STATES DISTRICT COURT FOR THE DISTRICT OF COLUMBIA ____________________________________ ) LIBERTARIAN NATIONAL ) COMMITTEE, INC., ) Civ. No. 11-562 (RLW) ) Plaintiff, ) ) v. ) ) FEDERAL ELECTION COMMISSION, ) PROPOSED FINDINGS OF FACT ) Defendant. ) ____________________________________) DEFENDANT FEDERAL ELECTION COMMISSION’S PROPOSED FINDINGS OF FACT Anthony Herman General Counsel David Kolker Associate General Counsel Harry J. Summers Assistant General Counsel Kevin P. Hancock Attorney COUNSEL FOR DEFENDANT FEDERAL ELECTION COMMISSION 999 E Street NW Washington, DC 20463 May 4, 2012 (202) 694-1650 Case 1:11-cv-00562-RLW Document 24 Filed 05/04/12 Page 2 of 52 TABLE OF CONTENTS I. The Parties ...........................................................................................................................1 A. Defendant Federal Election Commission ................................................................1 B. Plaintiff Libertarian National Committee, Inc. ........................................................1 II. The Burrington Bequest to the LNC ....................................................................................3 A. Raymond Groves Burrington Bequeathed $217,734 to the LNC, an Amount More Than Seven Times Greater Than FECA’s Limit on Contributions to National Party Committees ...........................................................3 B. To Comply with FECA’s Limit, the Burrington Estate and the LNC Agreed to Deposit the Bequest into
  • Corporate, Social, and Political Networks of Koch Industries Inc

    Corporate, Social, and Political Networks of Koch Industries Inc

    University of Nebraska - Lincoln DigitalCommons@University of Nebraska - Lincoln Economics Department Faculty Publications Economics Department 3-2013 Corporate, Social, and Political Networks of Koch Industries Inc. and TD Ameritrade Holding Corporation: Extension to the State of Nebraska F. Gregory Hayden University of Nebraska-Lincoln, [email protected] Alyx M. Dodds Garner University of Nebraska-Lincoln Jerry L. Hoffman Nebraska State Education Association Follow this and additional works at: https://digitalcommons.unl.edu/econfacpub Hayden, F. Gregory; Garner, Alyx M. Dodds; and Hoffman, Jerry L., "Corporate, Social, and Political Networks of Koch Industries Inc. and TD Ameritrade Holding Corporation: Extension to the State of Nebraska" (2013). Economics Department Faculty Publications. 79. https://digitalcommons.unl.edu/econfacpub/79 This Article is brought to you for free and open access by the Economics Department at DigitalCommons@University of Nebraska - Lincoln. It has been accepted for inclusion in Economics Department Faculty Publications by an authorized administrator of DigitalCommons@University of Nebraska - Lincoln. Corporate, Social, and Political Networks of Koch Industries Inc. and TD Ameritrade Holding Corporation: Extension to the State of Nebraska F. Gregory Hayden Department of Economics University of Nebraska-Lincoln Lincoln, Nebraska 68588-0489 [email protected] Fax: 402-472-9700; Alyx M. Dodds Garner University of Nebraska-Lincoln Fulbright Scholar-Germany; and Jerry L. Hoffman Legislative Researcher and Lobbyist The Nebraska State Education Association Lincoln, Nebraska Forthcoming in Journal of Economic Issues Vol. 48, No. 1 (March 2013) Corporate, Social, and Political Networks of Koch Industries Inc. and TD Ameritrade Holding Corporation: Extension to the State of Nebraska Abstract: The importance of interlocking board directorships among corporations and between corporations and social organizations has been confirmed for defining the modern political economy.
  • Discovery Volume 27 | Number 2 | April 2021

    Discovery Volume 27 | Number 2 | April 2021

    A PUBLICATION OF KOCH COMPANIES Discovery Volume 27 | Number 2 | April 2021 202020202020 HINDSIGHT HINDSIGHTHINDSIGHT Discovery PERSPECTIVE FROM CHARLES KOCH TRANSFORMATIONS IN A PANDEMIC When we announced our intention to acquire Georgia-Pacific in 2005, it caught many people by surprise. After all, Koch was considered an oil company and had no background in pulp and paper. But as I explained in my booklet on virtuous cycles last year [see page 14], we believed GP fit with our process industries capabilities. More than 15 years of ownership have validated that belief. Steve Feilmeier, our new CFO at the time, had a bit of fun Charles Koch, chairman and CEO, KII. explaining all this to the media and analysts: “Two things are for certain: death and taxes. But the next most certain thing seems to be toilet paper. We believe demand should be fairly At the same time, the need for coronavirus testing technology steady, regardless of what is going on in the economy.” soared, as did requests for PPE and medical equipment. Never in my life did I imagine people would hoard toilet Millions of people forced to stay home decided it was a good paper. But last spring, as fears of COVID-19 prompted time to remodel or repair. A spike in online orders for home lockdown orders, it seemed like every roll on every shelf delivery heightened demand for packaging and boxes. These vanished overnight. Canned soup disappeared, too, along developments greatly accelerated demand for the products with diapers, bottled water, hand sanitizer and disinfectant. and services of GP, Molex and Koch Disruptive Technologies.
  • Conservative Movement

    Conservative Movement

    Conservative Movement How did the conservative movement, routed in Barry Goldwater's catastrophic defeat to Lyndon Johnson in the 1964 presidential campaign, return to elect its champion Ronald Reagan just 16 years later? What at first looks like the political comeback of the century becomes, on closer examination, the product of a particular political moment that united an unstable coalition. In the liberal press, conservatives are often portrayed as a monolithic Right Wing. Close up, conservatives are as varied as their counterparts on the Left. Indeed, the circumstances of the late 1980s -- the demise of the Soviet Union, Reagan's legacy, the George H. W. Bush administration -- frayed the coalition of traditional conservatives, libertarian advocates of laissez-faire economics, and Cold War anti- communists first knitted together in the 1950s by William F. Buckley Jr. and the staff of the National Review. The Reagan coalition added to the conservative mix two rather incongruous groups: the religious right, primarily provincial white Protestant fundamentalists and evangelicals from the Sunbelt (defecting from the Democrats since the George Wallace's 1968 presidential campaign); and the neoconservatives, centered in New York and led predominantly by cosmopolitan, secular Jewish intellectuals. Goldwater's campaign in 1964 brought conservatives together for their first national electoral effort since Taft lost the Republican nomination to Eisenhower in 1952. Conservatives shared a distaste for Eisenhower's "modern Republicanism" that largely accepted the welfare state developed by Roosevelt's New Deal and Truman's Fair Deal. Undeterred by Goldwater's defeat, conservative activists regrouped and began developing institutions for the long haul.
  • Congressional Record United States Th of America PROCEEDINGS and DEBATES of the 115 CONGRESS, SECOND SESSION

    Congressional Record United States Th of America PROCEEDINGS and DEBATES of the 115 CONGRESS, SECOND SESSION

    E PL UR UM IB N U U S Congressional Record United States th of America PROCEEDINGS AND DEBATES OF THE 115 CONGRESS, SECOND SESSION Vol. 164 WASHINGTON, TUESDAY, APRIL 24, 2018 No. 66 Senate The Senate met at 10 a.m. and was their advice, and we will vote to con- OPIOID EPIDEMIC called to order by the President pro firm him. Mr. MCCONNELL. Madam President, tempore (Mr. HATCH). We will be lucky to have this capable on another matter, our Nation’s opioid f public servant on the job. We know epidemic continues to plague commu- PRAYER Mike Pompeo is up to the task. After nities and families in my home State all, we confirmed him with a com- of Kentucky and across the Nation. The Chaplain, Dr. Barry C. Black, of- fortable and bipartisan majority to Here in Congress, we are doing our best fered the following prayer: lead the CIA. In one of the most sen- to support the healthcare and law en- Let us pray. sitive positions in our government, the forcement professionals who are bat- Eternal Lord, marvelous is Your quality of his leadership was directly tling it every single day. Name. We celebrate the works of Your linked to the security of the American Last week, I introduced the Pro- hands: the sky and sea, the songs of people. tecting Moms and Infants Act, a bipar- birds, the hues of flowers, and the pre- tisan effort to confront the heart- West Point valedictorian, Harvard cision of the planets. breaking cases of prenatal and infant Law, U.S.
  • Annual Report 2017

    Annual Report 2017

    IDEAS LEADERSHIP ACTION OUR MISSION 2 Letter from Dan Porterfield, President and CEO WHAT WE DO 6 Policy Programs 16 Leadership Initiatives 20 Public Programs 26 Youth & Engagement Programs 30 Seminars 34 International Partnerships 38 Media Resources THE YEAR IN REVIEW 40 2017-2018 Selected Highlights of the Institute's Work 42 Live on the Aspen Stage INSTITUTIONAL ADVANCEMENT 46 Capital Campaigns 48 The Paepcke Society 48 The Heritage Society 50 Society of Fellows 51 Wye Fellows 52 Justice Circle and Arts Circle 55 Philanthropic Partners 56 Supporters STATEMENT OF FINANCIAL POSITION 90 2017 Annual Report WHO WE ARE 96 Our Locations 98 Aspen Institute Leadership 104 Board of Trustees LETTER FROM DAN PORTERFIELD, PRESIDENT AND CEO A LETTER FROM PRESIDENT AND CEO DAN PORTERFIELD There is nothing quite like the Aspen Institute. It is In the years to come, the Aspen Institute will deepen an extraordinary—and unique—American institution. our impacts. It is crucial that we enhance the devel- We work between fields and across divides as a opment of the young, address the urgent challenges non-profit force for good whose mission is to con- of the future, and renew the ideals of democratic so- vene change-makers of every type, established and ciety. I look forward to working closely with our many emerging, to frame and then solve society’s most partners and friends as we write the next chapter on important problems. We lead on almost every issue the Institute’s scope and leadership for America and with a tool kit stocked for solution-building—always the world.
  • Discovery Like a Rolling Stone

    Discovery Like a Rolling Stone

    OCTOBER 2017 Discovery THE QUARTERLY NEWSLETTER OF KOCH COMPANIES Like a rolling stone At a board meeting in July, Charles Koch develop a mindset that promotes need for dissatisfaction with our current raised more than a few eyebrows when personal growth and embraces change. state of affairs, a vision for a better state he quoted Bob Dylan, the iconic singer- Internally, we have to convince ourselves and a path to achieve that vision. songwriter who was awarded the 2016 that we can and will do what’s needed. “But that goal of self-transformation is Nobel Prize for literature. “But there are also external factors to impossible to achieve if we’re unwilling — To illustrate a point Koch was making, consider. We all need an environment or afraid — to drive change.” he repeated a line from Dylan’s song, that makes transformation possible. “It’s Alright, Ma (I’m Only Bleeding)”: That’s true for an organization and it’s VIVID MENTAL MODELS “He [who is] not busy being born is also true for society. The Dylan quote wasn’t the only busy dying.” memorable — or “That’s so very true,” explained Koch. surprising — phrase “We can’t afford to stand still, to get Charles Koch mentioned comfortable or settle for the status quo. at that summer board That’s the equivalent of dying. meeting in Wichita. After discussing What we’re looking for the importance and are opportunities to create inevitability of creative destruction, and the value with our capabilities. natural human tendency – Charles Koch to resist change when things are comfortable, “Because of creative destruction, Koch suggested an everything around us is constantly unexpected remedy.
  • The Billionaire Behind Efforts to Kill the U.S. Postal Service by Lisa Graves/True North Research for in the Public Interest

    The Billionaire Behind Efforts to Kill the U.S. Postal Service by Lisa Graves/True North Research for in the Public Interest

    The Billionaire Behind Efforts to Kill the U.S. Postal Service By Lisa Graves/True North Research for In the Public Interest JULY 2020 About Lisa Graves Lisa Graves is the Executive Director of True North and its editor-in-chief. She has spearheaded several major breakthrough investigations into those distorting American democracy and public policy. Her research and analysis have been cited by every major paper in the country, and featured in critically acclaimed books and documentaries including Ava DuVernay’s “The 13th.” She has appeared frequently on MSNBC as a guest on Last Word with Lawrence O’Donnell as well as on other MSNBC shows. She has also served as a guest expert on CNN, ABC, NBC, CBS, CNBC, BBC, C-SPAN, Amy Goodman’s Democracy Now!, the Laura Flanders Show, and other news shows. She’s written for the New York Times, Slate, TIME, the Nation, In These Times, the Progressive, PRWatch, Common Dreams, Yes!, and other outlets. Her research is cited in major books such as Dark Money by Jane Mayer, Give Us the Ballot by Ari Berman, Corporate Citizen by Ciara Torres-Spelliscy, The Fall of Wisconsin by Dan Kaufman, and others. About In the Public Interest In the Public Interest is a research and policy center committed to promoting the common good and democratic control of public goods and services. We help citizens, public officials, advocacy groups, and researchers better understand the impacts that government contracts and public-private agreements have on service quality, democratic decision- making, and public budgets. Our goal is to ensure that government contracts, agreements, and related policies increase transparency, accountability, efficiency, and shared prosperity through the provision of public goods and services.