David Koch Stepping Down From All Business, Political Activities

Billionaire industrialist, donor, activist and conservative icon David Koch, 78, will step down from his roles at Koch Industries and other Koch-affiliated organizations due to health reasons, according to an internal memo obtained by CNBC Tuesday.

He will also be leaving his roles as executive positions at Koch Chemical Technology group as well as his role as chairman of the board for the Americans for Prosperity Foundation - the charity associated with the Koch brothers' primary political organization. He will become director emeritus at Koch industries. 

David's brother Charles Koch broke the news Koch Industries employees in the memo, saying that his brother's health had continued to deteriorate and that he is "deeply saddened" by his brother's retirement. 

"David has always been a fighter and is dealing with this challenge in the same way," reads the memo. "His guidance and loyalty, especially in our most troubled times, has been unwavering."

David Koch also received well wishes from a top executive within their political sphere:

"Due to health reasons, David Koch will be resigning from the board of Americans for Prosperity Foundation," Mark Holden, co-chairman of the Koch-backed Seminar Network, said. "We greatly appreciate his vital role on the board and all that he has done to help us build a strong foundation for our future success. We wish him and his family well."

Koch was diagnosed with prostate cancer more than two decades ago. Over the years, he and his family foundation, along with other recipients of Koch philanthropic support, have donated millions to battling cancer and several other causes. He is a board member of the Prostate Cancer Foundation. -CNBC

Koch was diagnosed with prostate cancer over two decades ago, while he and his family foundation have donated millions to battling cancer and other causes. David is a board member of the Prostate Cancer Foundation. 

The announcement comes a day after the Koch-backed political network unveiled a multimillion-dollar, multi-year campaign against President Donald Trump's tariffs. The campaign will include media buys, activist education, grass-roots mobilization, lobbying and policy analysis.

The network has also recently pivoted from focusing their efforts on supporting candidates to legislative initiatives, including protecting recipients of the Deferred Action Childhood Arrivals program, also known as DACA, and cutting back on government spending. -CNBC

The Koch political network has raised eyebrows of late for reaching out to Democrats on various issues. Last week, American for Prosperity took out a digital ad thanking Sen. Heidi Heitkamp (D-ND) for co-sponsoring a bill to deregulate mid-sized banks. 

Read Charles Koch's memo to employees here:

To: All employees
From: Charles Koch
Subject: David Koch's retirement

In October 2016, David announced that, "Over the summer I was hospitalized and I am now suffering from declining health ..." Unfortunately, these issues have not been resolved and his health has continued to deteriorate. As a result, he is unable to be involved in business and other organizational activities. Because of this, David will be retiring from his responsibilities at Koch and other organizations.

We are deeply saddened by this, as we miss David's insightful questions and his many contributions to Koch Industries. He was instrumental in building our Chemical Technology Group 1,000-fold from a single-product business. His guidance and loyalty, especially in our most troubled times, has been unwavering. David has never wanted anything for himself that he hasn't earned, as his sole desire has always been to contribute. In recognition of his irreplaceable role in building Koch Industries, we are naming him Director Emeritus.

My thoughts of David will always be overflowing with the experiences, challenges, laughter and love of our life together. David epitomizes the requirements for a lasting and beneficial partnership – one with shared vision and values, and complementary capabilities leading to a mutually beneficial relationship.

David has always been a fighter and is dealing with this challenge in the same way. Please respect his situation in your contacts with him.

Charles Koch

Comments

techpriest Stuck on Zero Tue, 06/05/2018 - 12:57 Permalink

I know about the Koch Institute as a libertarian. The thing is though, they are more "gay wedding cake" libertarians than the "protect property owners from the political/academic oligarchs" libertarians. Granted, if we got billionaire backers like that, they are going to be hated regardless, but the Mises libertarians and Koch libertarians are not the same, and IMO they do not want to get along.

In reply to by Stuck on Zero

steve2241 Adolfsteinbergovitch Tue, 06/05/2018 - 15:11 Permalink

I think a lot of cancer's are like that.  It's not the disease, it's the treatment that kills!  Weird.  There's big money in the "treatment business"; that's what modern medicine is.  They have built an industry around having had a few people cured after subjecting them to noxious/toxic/poisonous substances, and then extrapolating that "success" and forming a treatment-industry around it. Another current "poster patient" is John McCain.  All the public needs to do is BELIEVE.  Believe that the medical profession has their best interests at heart.  Ha!  Like in the Wizard of OZ, you must believe! https://www.youtube.com/watch?v=YWyCCJ6B2WE

In reply to by Adolfsteinbergovitch

ReasonForLife konputa Tue, 06/05/2018 - 10:53 Permalink

Just goes to show, no matter how much money you have, it won't save you when you get stuck in the medical trap of believing in a disease.  To un-believe or cure a sickness requires Wisdom that money cannot buy.  Hence we see some of the richest and most powerful people who dominate minds and countries, rot away under their own struggle with a so called disease they are powerless to cure.

In reply to by konputa

techpriest I Am Jack's Ma… Tue, 06/05/2018 - 13:14 Permalink

IMO it is because they do give a non-zero amount of money to libertarian causes, which advocate for a reduction in State power. As a libertarian I still have some issue with who they are backing, and what causes, but not being 100% in lockstep with the Left (maybe only 60 or 80%), and having the resources to actually do something in this world, is what draws all of the ire.

In reply to by I Am Jack's Ma…

Deep Snorkeler Tue, 06/05/2018 - 10:39 Permalink

Thought Leader of America's Feudal Theocracy

The guru of ethno-Christo corporate radicalism: 

sun-billionaire whale killer and propagator of toxic soil, 

he funds America's regression into oligarchic dominance

and the end of a strong middle class.

 

 

Chupacabra-322 Tue, 06/05/2018 - 10:41 Permalink

FULL LIST OF BILDERBERG 2018 ATTENDEES

CHAIRMAN STEERING COMMITTEE

Castries, Henri de (FRA), Chairman, Institut Montaigne

PARTICIPANTS

Achleitner, Paul M. (DEU), Chairman Supervisory Board, Deutsche Bank AG; Treasurer, Bilderberg Meetings

Agius, Marcus (GBR), Chairman, PA Consulting Group

Alesina, Alberto (ITA), Nathaniel Ropes Professor of Economics, Harvard University

Altman, Roger C. (USA), Founder and Senior Chairman, Evercore

Amorim, Paula (PRT), Chairman, Américo Amorim Group

Anglade, Dominique (CAN), Deputy Premier of Quebec; Minister of Economy, Science and Innovation

Applebaum, Anne (POL), Columnist, Washington Post; Professor of Practice, London School of Economics

Azoulay, Audrey (INT), Director-General, UNESCO

Baker, James H. (USA), Director, Office of Net Assessment, Office of the Secretary of Defense

Barbizet, Patricia (FRA), President, Temaris & Associés

Barroso, José M. Durão (PRT), Chairman, Goldman Sachs International; Former President, European Commission

Beerli, Christine (CHE), Former Vice-President, International Committee of the Red Cross

Berx, Cathy (BEL), Governor, Province of Antwerp

Beurden, Ben van (NLD), CEO, Royal Dutch Shell plc

Blanquer, Jean-Michel (FRA), Minister of National Education, Youth and Community Life

Botín, Ana P. (ESP), Group Executive Chairman, Banco Santander

Bouverot, Anne (FRA), Board Member; Former CEO, Morpho

Brandtzæg, Svein Richard (NOR), President and CEO, Norsk Hydro ASA

Brende, Børge (INT), President, World Economic Forum

Brennan, Eamonn (IRL), Director General, Eurocontrol

Brnabic, Ana (SRB), Prime Minister

Burns, William J. (USA), President, Carnegie Endowment for International Peace

Burwell, Sylvia M. (USA), President, American University

Caracciolo, Lucio (ITA), Editor-in-Chief, Limes

Carney, Mark J. (GBR), Governor, Bank of England

Cattaneo, Elena (ITA), Director, Laboratory of Stem Cell Biology, University of Milan

Cazeneuve, Bernard (FRA), Partner, August Debouzy; Former Prime Minister

Cebrián, Juan Luis (ESP), Executive Chairman, El País

Champagne, François-Philippe (CAN), Minister of International Trade

Cohen, Jared (USA), Founder and CEO, Jigsaw at Alphabet Inc.

Colao, Vittorio (ITA), CEO, Vodafone Group

Cook, Charles (USA), Political Analyst, The Cook Political Report

Dagdeviren, Canan (TUR), Assistant Professor, MIT Media Lab

Donohoe, Paschal (IRL), Minister for Finance, Public Expenditure and Reform

Döpfner, Mathias (DEU), Chairman and CEO, Axel Springer SE

Ecker, Andrea (AUT), Secretary General, Office Federal President of Austria

Elkann, John (ITA), Chairman, Fiat Chrysler Automobiles

Émié, Bernard (FRA), Director General, Ministry of the Armed Forces

Enders, Thomas (DEU), CEO, Airbus SE

Fallows, James (USA), Writer and Journalist

Ferguson, Jr., Roger W. (USA), President and CEO, TIAA

Ferguson, Niall (USA), Milbank Family Senior Fellow, Hoover Institution, Stanford University

Fischer, Stanley (USA), Former Vice-Chairman, Federal Reserve; Former Governor, Bank of Israel

Gilvary, Brian (GBR), Group CFO, BP plc

Goldstein, Rebecca (USA), Visiting Professor, New York University

Gruber, Lilli (ITA), Editor-in-Chief and Anchor “Otto e mezzo”, La7 TV

Hajdarowicz, Greg (POL), Founder and President, Gremi International Sarl

Halberstadt, Victor (NLD), Chairman Foundation Bilderberg Meetings; Professor of Economics, Leiden University

Hassabis, Demis (GBR), Co-Founder and CEO, DeepMind

Hedegaard, Connie (DNK), Chair, KR Foundation; Former European Commissioner

Helgesen, Vidar (NOR), Ambassador for the Ocean

Herlin, Antti (FIN), Chairman, KONE Corporation

Hickenlooper, John (USA), Governor of Colorado

Hobson, Mellody (USA), President, Ariel Investments LLC

Hodgson, Christine (GBR), Chairman, Capgemini UK plc

Hoffman, Reid (USA), Co-Founder, LinkedIn; Partner, Greylock Partners

Horowitz, Michael C. (USA), Professor of Political Science, University of Pennsylvania

Hwang, Tim (USA), Director, Harvard-MIT Ethics and Governance of AI Initiative

Ischinger, Wolfgang (INT), Chairman, Munich Security Conference

Jacobs, Kenneth M. (USA), Chairman and CEO, Lazard

Kaag, Sigrid (NLD), Minister for Foreign Trade and Development Cooperation

Karp, Alex (USA), CEO, Palantir Technologies

Kissinger, Henry A. (USA), Chairman, Kissinger Associates Inc.

Kleinfeld, Klaus (USA), CEO, NEOM

Knot, Klaas H.W. (NLD), President, De Nederlandsche Bank

Koç, Ömer M. (TUR), Chairman, Koç Holding A.S.

Köcher, Renate (DEU), Managing Director, Allensbach Institute for Public Opinion Research

Kotkin, Stephen (USA), Professor in History and International Affairs, Princeton University

Kragic, Danica (SWE), Professor, School of Computer Science and Communication, KTH

Kravis, Henry R. (USA), Co-Chairman and Co-CEO, KKR

Kravis, Marie-Josée (USA), Senior Fellow, Hudson Institute; President, American Friends of Bilderberg

Kudelski, André (CHE), Chairman and CEO, Kudelski Group

Lepomäki, Elina (FIN), MP, National Coalition Party

Leyen, Ursula von der (DEU), Federal Minster of Defence

Leysen, Thomas (BEL), Chairman, KBC Group

Makan, Divesh (USA), CEO, ICONIQ Capital

Mazzucato, Mariana (ITA), Professor in the Economics of Innovation and Public Value, University College London

Mead, Walter Russell (USA), Distinguished Fellow, Hudson Institute

Michel, Charles (BEL), Prime Minister

Micklethwait, John (USA), Editor-in-Chief, Bloomberg LP

Minton Beddoes, Zanny (GBR), Editor-in-Chief, The Economist

Mitsotakis, Kyriakos (GRC), President, New Democracy Party

Mota, Isabel (PRT), President, Calouste Gulbenkian Foundation

Moyo, Dambisa F. (USA), Global Economist and Author

Mundie, Craig J. (USA), President, Mundie & Associates

Netherlands, H.M. the King of the (NLD)

Neven, Hartmut (USA), Director of Engineering, Google Inc.

Noonan, Peggy (USA), Author and Columnist, The Wall Street Journal

O’Leary, Michael (IRL), CEO, Ryanair D.A.C.

O’Neill, Onora (GBR), Emeritus Honorary Professor in Philosophy, University of Cambridge

Osborne, George (GBR), Editor, London Evening Standard

Özkan, Behlül (TUR), Associate Professor in International Relations, Marmara University

Papalexopoulos, Dimitri (GRC), CEO, Titan Cement Company S.A.

Parolin, H.E. Pietro (VAT), Cardinal and Secretary of State

Patino, Bruno (FRA), Chief Content Officer, Arte France TV

Petraeus, David H. (USA), Chairman, KKR Global Institute

Pichette, Patrick (CAN), General Partner, iNovia Capital

Pouyanné, Patrick (FRA), Chairman and CEO, Total S.A.

Pring, Benjamin (USA), Co-Founder and Managing Director, Center for the Future of Work

Rankka, Maria (SWE), CEO, Stockholm Chamber of Commerce

Ratas, Jüri (EST), Prime Minister

Rendi-Wagner, Pamela (AUT), MP; Former Minister of Health

Rivera Díaz, Albert (ESP), President, Ciudadanos Party

Rossi, Salvatore (ITA), Senior Deputy Governor, Bank of Italy

Rubesa, Baiba A. (LVA), CEO, RB Rail AS

Rubin, Robert E. (USA), Co-Chairman Emeritus, Council on Foreign Relations; Former Treasury Secretary

Rudd, Amber (GBR), MP; Former Secretary of State, Home Department

Rutte, Mark (NLD), Prime Minister

Sabia, Michael (CAN), President and CEO, Caisse de dépôt et placement du Québec

Sadjadpour, Karim (USA), Senior Fellow, Carnegie Endowment for International Peace

Sáenz de Santamaría, Soraya (ESP), Deputy Prime Minister

Sawers, John (GBR), Chairman and Partner, Macro Advisory Partners

Schadlow, Nadia (USA), Former Deputy National Security Advisor for Strategy

Schneider-Ammann, Johann N. (CHE), Federal Councillor

Scholten, Rudolf (AUT), President, Bruno Kreisky Forum for International Dialogue

Sikorski, Radoslaw (POL), Senior Fellow, Harvard University; Former Minister of Foreign Affairs, Poland

Simsek, Mehmet (TUR), Deputy Prime Minister

Skartveit, Hanne (NOR), Political Editor, Verdens Gang

Stoltenberg, Jens (INT), Secretary General, NATO

Summers, Lawrence H. (USA), Charles W. Eliot University Professor, Harvard University

Thiel, Peter (USA), President, Thiel Capital

Topsøe, Jakob Haldor (DNK), Chairman, Haldor Topsøe Holding A/S

Wahlroos, Björn (FIN), Chairman, Sampo Group, Nordea Bank, UPM-Kymmene Corporation

Wallenberg, Marcus (SWE), Chairman, Skandinaviska Enskilda Banken AB

Woods, Ngaire (GBR), Dean, Blavatnik School of Government, Oxford University

Yetkin, Murat (TUR), Editor-in-chief, Hürriyet Daily News

Zeiler, Gerhard (AUT), President, Turner International

gaoptimize Chupacabra-322 Tue, 06/05/2018 - 10:56 Permalink

I always enjoy Alex Jones and crew displaying what anti-human a-holes these people are and their conspiracies to destroy freedom and the West in general.  I'm VERY disappointed that that David Patraeus is on the list.  I'm very disappointed to see Peter Thiel  on the list, unless he is going to speak truth (about the future) to power.  I'm glad to see no current Trump admin. officials on the list.   I hope this is Kissinger's last trip.  He should be repenting and writing a confession/apology book if he doesn't want to burn in hell. 

In reply to by Chupacabra-322

Kendle C gaoptimize Tue, 06/05/2018 - 12:23 Permalink

Please, not another book. Seriously try to read 3 pages of any of his writing. So dense, convoluted, inverted as though he was making the simplest thing in the world into a holographic labyrinth of complexity. In short, people think it was smart, like scientific papers speak only to their field, his field was insanity and murder. I'm speaking in the past tense out of hope.

In reply to by gaoptimize