Everything Charles Koch said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Charles Koch: US political trajectory will continue leading country 'to hell'
“I think we continue this, but we're going to hell in a basket.”
Charles Koch: The U.S. should welcome and retain working undocumented immigrants
“And then the way we're treating illegal immigrants, the one here working and contributing, We harass them and are going to kick them out. No, we ought to welcome them and kick some of the others, the bad ones out.”
Charles Koch: Culture change requires firing overly bureaucratic executives
“A lot of us is signals like that, particularly when a bunch of them get fired for Being so bureaucratic and hierarchical.”
Charles Koch: Warren Buffett's hands-off management style wouldn't work for Koch
“Yeah, that wouldn't work for us, the stuff we buy.”
Koch Industries could not have built its management framework as public company
“And I think our view, we never could have accomplished what we've had. First of all, we never would have built a principle-based framework, and then we never would have been able to pull off this capability bounded versus industry bounded.”
Charles Koch: Trying to drive social change through one political party failed
“And the mistake we made, or I made, is trying to do it through one party. You can't do that. So now we follow Frederick Douglass' advice to work with anyone to do right and no one to do wrong.”
Charles Koch: Smart workers with bad values inflict maximum damage
“If you're going to hire somebody with bad values, don't be hiring somebody smart. Hire them stupid and slow, because they will do less damage.”
Koch: Employees can earn more than managers with no pay cap
“That has nothing to do with how much your manager, although he gets some of the credit for you performing well, but there's no max. We want everybody to make all they can. Based on the value they're creating.”
Koch Industries nets financial losses from dumb failures against employee value created
“Whereas if you had a dumb failure, and you lose ten million, you made twenty million, or you made twenty-five million over here, you get credit for 15. So we net it up.”
Charles Koch Advocates Permissionless Innovation Over Government Prior Approval
“We need to get rid of this protectionism And have what we call permissionless innovation, and that is have the burden of proof on the government that what you're doing is really unsafe so they can get a court order and shut you down rather than have to go moth…”
Charles Koch: Companies should be capability-bounded, not industry-bounded
“We need to be capability-bounded, not industry-bounded.”
Charles Koch: Bad leadership almost wiped out Koch's earnings in late 1990s
“We are, we put leaders in who were destructively motivated, and in refining, we got a leader, and they were destroying those businesses. And so it didn't almost bankrupt, but it almost wiped out all of Coke's earnings in the late 19 nineties.”
Charles Koch: Taking Koch Industries public would happen 'over my dead body'
“No, but the main threat we've had is we had stars that wanted to go pop, take us public, and I said it'd be over my dead body”
Charles Koch: A society based on power and pleasure leads to authoritarianism
“So the problem today is when you have a world that is based on power and pleasure, it's a slippery slope to totalitarianism, authoritarianism, and socialism.”
Charles Koch asserts tariffs undermine division of labor and increase costs
“And then set up all these tariffs, which undermine the divisional labor by comparative advantage, which makes everything more expensive.”
Koch: Top-down command-and-control is the world's biggest problem
“This is our, the biggest problem in the world and it always has been this what Nietzsche called and Victor Franklin called the will to power. And that is, ah, this top-down approach that, because I'm smarter than you, or I want power over you, ah, to approach …”
Koch: Public attacks on our philanthropic network actually attract supporters
“These attacks in many ways help us, because they call attention to what we're doing. So people are interested in finding out, and when they find out they find that what we're doing is the opposite of what we're attacked for. And so it attracts more people to w…”
Koch: Philanthropies chasing politically correct trends are often destructive
“And you see, philanthropies doing that. Just, okay, whatever's current in choice, whatever's politically correct, we're, we'll do that. And a lot of that is destructive”
Koch: No society in human history has ever truly had equal rights
“All we've got to do is move toward a society of truly equal rights, which we've never truly had. No society has truly had it. Equal rights and mutual benefit, where people succeed by helping others improve their lives, and everybody has the opportunity to real…”
Charles Koch confirms Koch Industries reinvests 90% of earnings annually
“90%.”
Charles Koch: Political Problems Cannot Be Solved with More Politics
“That's the only way you're going to change society, electing a better politician or something. We're not going to solve the political problem with more politics. We got to solve it at the grassroots level with individuals and helping them see opportunities.”
Charles Koch: Policy Maximizing Exports and Minimizing Imports Is Backwards
“I am a total free trader. This business on maximizing exports and minimizing imports is backwards.”
Charles Koch: Koch Industries grew its value 9,000x since the early 1960s
“And then we had, ah, 30,003, 300 employees. Now we have more than a 130,000. And ah, in, in 60 countries. And ah, we have ah, increased in value 9000 times over that period.”
Charles Koch: Koch Industries backs Cosmos to advance market-based AI
“I mean, that's why we back Cosmos, who is doing, backing people who do AI based on these principles of market-based management, based on these principles of human progress.”