LookieNoNookie
Posts: 12216
Joined: 8/9/2008
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ORIGINAL: DomKen
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ORIGINAL: LookieNoNookie
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ORIGINAL: DomKen
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ORIGINAL: LookieNoNookie
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ORIGINAL: DomKen
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ORIGINAL: LookieNoNookie
And they earned it.
Don't you mean they had the luck to be born to the right father? If papa Koch hadn't built the soviet oil industry when no one else would where would they be now?
They were born into a family with means.
Nowhere near (as in, like a moonshot) where their wealth stands today.
A man who was born with something to start out with is lucky indeed.
If he still has that same amount 10 years later, he's probably conservative.
If he's doubled it in 10 years, he has clear skills.
If however, he has multiplied it by several million times (as in multiplications of) 50 years later (as the Koch brothers indeed have), I'd say he (they) could have been given a bucket of shit as his inheritance and in the ensuing years would likely have become a master at selling fertilizer.
The Koch brothers are hardly examples of men who landed in a bucket of money and simply did nothing but enjoy the blessings of same. What they have today, they've earned.
You need to check again. By reasonable calculation the Koch's have maintained the family wealth and that is about all. You are making the mistake of not taking into account inflation apparently. The estranged brother actually sued them over their mismanagement back in the 90's and won.
Dom (cough) Ken, do your homework before you flap your lips.
Dad invented a unique process for "cracking" oil.....decades ago (1930 something).
Today that business (and affiliates/divisions) has annual sales in excess of 100 billion.
(Something tells me Dad wasn't worth 100 billion in 1930 {considering...no one was}).
The brother(s) that sued didn't win (there were two, not one), they were given a portion of the assets (in lieu of finalizing the suit, and they agreed happily to the number given) and later sued (again) because they felt they got ripped off because when they got their shares they were worth a billion or so (which they later sold), today they're worth multiple billions (and they have received no new funds, indeed, the second suit was thrown out of court).
Considering the two remaining brothers have taken a company worth a few million dollars (from Dad's time) to one with annual sales of north of 100 billion, I'd submit their "mismanagement" has been somewhat successful.
(And vastly in excess of inflation).
The brother's inherited a company worth tens of billions, dad died in 1967, and they have simply kept it going (inflation for nearly 50 years is a great thing). The brother who sued did win in 2001. He received a settlement, along with the feds and an Indian reservation, the brothers got caught stealing oil from the reservation. The other brother has stayed out of the family business entirely, he's an art collector or some such. Maybe you should actually know what you are talking about before running your damn fool mouth.
Wow....you continue to amaze me every time with your take on things.
Two brothers received a settlement (not one). It was for 1.1 billion dollars. They walked away and later sued again after the remaining two brothers had taken Dad's firm from it's lesser stature to one that today, is a global empire. They lost the suit.
Any way you shake it, you're not even close to the facts (as usual).
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RE: Koch brothers are at it again, those evil bastards - 
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