Click on a thumbnail to go to Google Books.
Loading... Kochland: The Secret History of Koch Industries and Corporate Power in America (2019)by Christopher Leonard
None Loading...
Sign up for LibraryThing to find out whether you'll like this book. No current Talk conversations about this book. The anecdotes were fun, but the book was structured poorly and not edited well. I didn't get as good a sense of Koch Industry's driving principles as I wanted to get, or how Koch Industries fits into the overall fabric of companies in the time period. Leonard concentrated mainly on the "things that happened", but there wasn't much of a thesis, it was just like a diary. I guess thats what I signed up for though. This is a long book - the hardcover edition runs 574 pages, while the audiobook (which I listened to) is over 23 hours long. It tells the story of the rise of Koch Industries. To tell the story of the growth of Koch Industries, the author goes into many individual tales to illustrate the turns in that growth. As someone who spent 30 years working in corporate America, in Fortune 500 manufacturing companies, there were many many things discussed that are similar to what I saw at the companies I have worked with. The fixation on Edward Deming and his quality / continuous improvement practices are part of the foundation of Lean Manufacturing which is very common throughout industry. When the company made mistakes they learned from them and modified their approach to the benefit of the corporation - for example, when early emphasis on productivity and continuous improvement led the company into quality and environmental issues that garnered negative attention and large regulatory fines, Koch shifted to a "100% compliant, 100% of the time" approach to keep the company's reputation intact and to keep regulatory issues at bay. Again not an uncommon story across industry. Even the much discussed Koch "market based management" seems to be an amalgam of America's long-running push for entrepreneurialism, coupled with reliance on activity based costing within a corporate setting, designed to make managers feel more like business owners. This approach has been quite common in corporate America since the late 70s. What's different is Charles Koch. He kept his company private and kept the profits plowed back into the company early on to ensure growth. He emphasized growth and pursued a "trader's philosophy" of seeking out and exploiting "holes" in markets where his firm with it's private knowledge of it's own activity could leverage those opportunities. The author makes the case that Koch was an early entrant into the mergers and acquisitions game and that as a private company willing to play "the long game" they had distinct advantages in that game. All of these things set Koch Industries apart and played a role in contributing to it's success. What's really different about Charles Koch are his corporate-libertarian beliefs, and the political power he has amassed to pursue those beliefs, which he has done with much success. This story is told at the very end of the book and the story is one of a methodical concentration of political power that is quite chilling. While the book is clearly well researched and holds your attention throughout I gave it three stars because I think it could have been just as effective without being as long. I learned alot about Koch Industries and Charles Koch that I didn't know, and I think the book is worth reading. Just be ready to invest the time into it. I lived in Wichita, KS for three years in the late 1950s. I think I recall that Fred Koch the founder of Koch Industries had an office building on Douglas street in downtown Wichita. Fred was one of the founders of the John Birch Society. The book is about his children: Fred, Charles, William and David. Son, Charles became the CEO of the privately held, Koch Industries and very active in political action organizations such as Americans for Posterity. I enjoyed reading this 574 page book and learning about the influence of the Koch family on our country. no reviews | add a review
AwardsDistinctionsNotable Lists
Uses the extraordinary account of how the biggest private company in the world grew to be that big to tell the story of modern corporate America. The annual revenue of Koch Industries is bigger than that of Goldman Sachs, Facebook, and U.S. Steel combined. Koch is everywhere: from the fertilizers that make our food to the chemicals that make our pipes to the synthetics that make our carpets and diapers to the Wall Street trading in all these commodities. But few people know much about Koch Industries and that's because the billionaire Koch brothers want it that way. For five decades, CEO Charles Koch has kept Koch Industries quietly operating in deepest secrecy, with a view toward very, very long-term profits. He's a genius businessman: patient with earnings, able to learn from his mistakes, determined that his employees develop a reverence for free-market ruthlessness, and a master disrupter. These strategies have made him and his brother David together richer than Bill Gates. But there's another side to this story. If you want to understand how we killed the unions in this country, how we widened the income divide, stalled progress on climate change, and how our corporations bought the influence industry, all you have to do is read this book. Seven years in the making, Kochland reads like a true-life thriller, with larger-than-life characters driving the battles on every page. The book tells the ambitious tale of how one private company consolidated power over half a century--and how in doing so, it helped transform capitalism into something that feels deeply alienating to many Americans today. No library descriptions found. |
Current DiscussionsNonePopular covers
Google Books — Loading... GenresMelvil Decimal System (DDC)338.7Social sciences Economics Production Business EnterprisesLC ClassificationRatingAverage:
Is this you?Become a LibraryThing Author. |
I was also extremely disappointed to see a book from one of the big publishers with multiple spelling errors. It may be that these were only in the ebook version, but it does feel like part of a trend of sloppily edited books that I've been noticing in the past several years, across genres and publishers. ( )