April 19, 2014 |
WASHINGTON - The political attack ad that ran recently in Arizona had some familiar hallmarks of the genre, including a greedy villain who hogged sweets for himself and made children cry. But the bad guy, in this case, wasn't a fat-cat lobbyist or someone's political opponent. He was a solar-energy consumer. Solar, once almost universally regarded as a virtuous, if perhaps over-hyped, energy alternative, has now grown big enough to have enemies. The Koch brothers, anti-tax activist Grover Norquist and some of the nation's largest power companies have backed efforts in recent months to roll back state policies that favor green energy.
September 9, 2013 |
Molex Inc., a maker of electronic components for Apple Inc.'s iPhone and other products, agreed to a $7.2-billion acquisition by Koch Industries Inc., the holding company controlled by the billionaire Koch brothers. Koch will buy Molex's shares for $38.50 apiece, a 31% premium over the publicly traded common stock, the companies said Monday. Koch, a closely held company that owns things as varied as biofuel, fertilizer makers and commodity-trading services, is using the acquisition to expand into connector components.
September 9, 2013 |
After scratching plans to buy the Los Angeles Times and other Tribune Co. newspapers, billionaire industrialists Charles and David Koch have agreed to buy Molex Inc., a maker of electronic connectors used by several companies, including Apple Inc. The $7.2-billion acquisition helps the Koch brothers diversify from their traditional holdings in energy, chemicals and paper. Under the deal, Koch Industries will pay a 42% premium, on average, for shares of the Lisle, Ill., company.
June 25, 2012 |
The Koch brothers' attempted takeover of the libertarian Cato Institute has come to an end, at least for now. Charles and David Koch - the Kansas billionaires at the center of a network of conservative financial and intellectual influence sometimes derisively called “the Kochtopus” - have reached an agreement that changes the structure of the Cato Institute in exchange for its current chief executive, Ed Crane, stepping down. So ends one phase of a power grab that had tossed one of the most famous think tanks in Washington into confusion.
April 24, 2014
Re "The right takes aim at the solar industry," April 20 The vast sums of money used by the Koch brothers and their ilk originated from average Americans fueling their vehicles and powering their homes. Billions of dollars are sucked out of our economy by those who want us to keep using carbon-based energy. The use of oil, coal and natural gas has massive external costs that are not paid by the end user. This is the reason government regulators are trying to level the playing field by providing reasonable incentives for solar energy.
March 4, 2014 |
WASHINGTON - As Senate Majority Leader Harry Reid resumed his polemic against the Koch brothers Tuesday, Republicans were quick to respond, noting they are not the only ones with a generous billionaire in their corner. The debate on the Senate floor quickly turned to Tom Steyer, the former San Francisco hedge fund manager who is seizing on the same loose campaign finance laws as Charles and David Koch to funnel millions of dollars into campaigns. Only in the case of Steyer, profiled recently in The Times as the emerging liberal counterweight to the Kochs, the spending is geared toward defeating candidates skeptical of global warming.