Swordsmyth
06-05-2018, 02:19 PM
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 (https://www.cnbc.com/2018/06/05/billionaire-david-koch-to-retire-from-koch-industries-political-group.html) Tuesday.
https://www.zerohedge.com/sites/default/files/inline-images/koch%20down_0.JPG
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."
More at: https://www.zerohedge.com/news/2018-06-05/david-koch-stepping-down-all-business-political-activities
https://www.zerohedge.com/sites/default/files/inline-images/koch%20down_0.JPG
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."
More at: https://www.zerohedge.com/news/2018-06-05/david-koch-stepping-down-all-business-political-activities