Koch, Inc.

You've lived an incredibly diverse life professionally over a career spanning roughly four decades.

You've worked with massive names like Coke Industries, Goldman Sachs, Williams.

You've worked in energy, commodity trading, risk management, business development, and executive leadership.

You've helped major transactions in the energy space, including a $450 million acquisition during your career.

Yeah, you know what's interesting about Green Bay is Schneider is obviously one of the most important employers in the entire state of Wisconsin, but also is one of the most innovative companies.

We're going to hear from the new CEO of Schneider here shortly, but there are other companies that are involved in transportation here in Green Bay, KBX Logistics, which is part of the Koch Industries.

For those at Hull Freight, probably are more familiar with Georgia Pacific as part of the Koch Industry.

Chicken, for those that are in Chattanooga, we know the chicken plant really well.

But also, you've got Breakthrough Fuel here.

As you go further into the future, transportation logistics also led to supply chain tech startups, right? And so I think Craig had just said, people were identifying problems and creating solutions with that through startups like here in Titletown Tech or branching off some of the major carriers and 3PLs that are based here.

All right, so I love talking about Green Bay, but I also want to talk about the freight market.

So what is your read on the freight market right now? What are you seeing? You've got a really interesting, great viewpoint with obviously access to shippers and for being part of the Koch organization and then being a broker and using underlying carriers.

And I think that is anytime I meet someone.

So when I was at Kansas State University, even though I don't agree with the Koch brothers, The economic club took us to Coke industry in Wichita, Kansas, and we met the Coke brothers and the industry.

And one of the HR people said, I interviewed one person that had three PhDs once for a job at the Coke industry.

Not Coca-Cola, Coke.

The different, look it up.

Anyways, so he said, he asked him one question.

She's worth $118 billion and ranks number 13 on our list.

Shares of the retailing giant are up more than 10% since last year, helping Walton widen her lead over the nation's second wealthiest woman, Julia Koch, an heir to the Koch Inc. conglomerate fortune.

Her estimated net worth is $84.6 billion.

The richest self-made woman is still Diane Hendricks, who co-founded Wisconsin-based roofing supply company ABC Supply.

Da findet ein Verdrängungswettbewerb statt.

Und da kann man sich die Frage stellen und die ist zu beantworten: Warum sind denn auf einmal so viele hier? Wird das gesteuert? Äh, Entschuldigung, ist das 'ne ernst gemeinte Frage? Bevor du ein Land bombardierst, haben sich die aufbauenden, äh, Firmen getroffen, wer welchen Bezirk, Bechtel oder so wiederaufbaut oder Koch Industries.

So, und jetzt genauso: Was machen wir mit den Flüchtlingen? Die können wir noch weiterverwerten.

Wir können bisschen destabilisieren, dann brauchen wir mehr Sicherheit.

Okay, also ich war in den letzten Jahren ja auch als Dozent auf den Bühnen, ähm, aber wir Dozenten, die wir auf den Bühnen stehen, müssen ja uns eins eingestehen: Wir sind dann wie Lehrer auf 'ner Bühne, ob wir wollen oder nicht.

Wir haben viele Zuhörer, die finden das gut, aber was geben wir denen mit? Was ist an Möglichkeiten an Verhaltensänderungen dabei? In der Regel relativ wenig, weil wir das eigentlich gar nicht merken, sondern das wird beklatscht, finden wir gut, aber ändern kann sich so nichts.

Und das ist so 'n bisschen so, wir, äh, übersetzt gesprochen, wir gucken dauernd Kochsendungen im Fernsehen, während wir Pizza essen, aber wir freuen uns auf die nächste Kochsendung, aber dazwischen kochen wir ja gar nicht.

Also werden wir nie kochen lernen.

Pe- people talk when I say, "You know, tell me the story of your success." I mean, the people make jokes about it.

You remember David Koch, uh, one of the Koch brothers, you know, of, of Koch Industries in Wichita, Kansas.

And he was a very, very funny guy, and he used to say, "People say, 'How did you get so rich?' And I say, 'Well, it started when I was 12 years old, and I found an apple, and I was shining it up, and I had paid a nickel for it, and somebody offered me a dime.

And I said, "Well, it's a 100% profit margin," so I went back and bought two apples, and I doubled my money.

Again, you can point to private corporations that are big and enormous and only owned by a few shareholders and And I fully understand that point.

So we can have Coke Industries.

We can have Publix down here in Florida, the big shopping, the big supermarket.

We can have Bechtel's, so forth.

What propels you? Propel with Gatorade electrolytes.

And so if you look at Koch, like, macro, um, high level, pri- one of the largest private companies, um, in the country.

Today we touch the majority of the economy, as I mentioned, and operate in about 60 countries.

Um, 145,000 employees, um, and growing.

I would say the biggest differentiator of Koch and why we've been able to grow now over 10,000x since the early '60s is because-

Ladies and gentlemen, we have a very special treat today.

I'm gonna sit down with Chase Koch.

He's a member of the Koch family, which owns Koch Industries.