Bloomberg Versus Koch
futureofcapitalism.com

The November issue of Bloomberg Markets magazine unloads a much-anticipated and long-awaited attack on Koch Industries, under the headline, "The Secret Sins of Koch Industries." The Web site Kochfacts.com has a response from Koch Industries general counsel Mark Holden.

A few points that Mr. Holden omits from his response: The Bloomberg article says, "Koch Industries is obsessed with secrecy, to the point that it discloses only an approximation of its annual revenue -- $100 billion a year -- and says nothing about its profits." It's a private company. It doesn't have to disclose its revenue or its profits to anyone other than its owners or maybe the IRS. You'd think that Bloomberg, of all places, might comprehend this because Bloomberg itself is a private company that doesn't regularly publicly disclose its own profits, either.

Read More...

Bloomberg Versus Koch
futureofcapitalism.com

The November issue of Bloomberg Markets magazine unloads a much-anticipated and long-awaited attack on Koch Industries, under the headline, "The Secret Sins of Koch Industries." The Web site Kochfacts.com has a response from Koch Industries general counsel Mark Holden.

A few points that Mr. Holden omits from his response: The Bloomberg article says, "Koch Industries is obsessed with secrecy, to the point that it discloses only an approximation of its annual revenue -- $100 billion a year -- and says nothing about its profits." It's a private company. It doesn't have to disclose its revenue or its profits to anyone other than its owners or maybe the IRS. You'd think that Bloomberg, of all places, might comprehend this because Bloomberg itself is a private company that doesn't regularly publicly disclose its own profits, either.

Read More...