Monday, September 17, 2012

David de Jong: "America's Fourth-Richest Woman Unveiled with Koch Stake" @ Bloomberg News


This is a blockbuster report on just how nepotism, insider dealing and crony capitalism works. Contrary to a recent Wall Street Journal editorial where Charles Koch was granted an emperor's space to glorify and lie to readers with his clam baked theory that crony capitalism was confined to government - capital relationships.
Clint Eastwood: Koch - GOP Convention Crasher
...  “The Marshalls have never been a lightning rod, because they’ve never been in the public view financially,” said Richard Lieb, a research professor of bankruptcy law at St. John’s University School of Law in New York, who filed briefs to the Supreme Court with his students when the cases were being heard. “No one went after them to find out what their evil deeds were, if any.”

Marshall’s ability to stay out of the limelight stands in contrast to her father-in-law, J. Howard Marshall, who had been a Koch shareholder for more than two decades and created a spectacle with his 1994 marriage to Smith, then a 26-year-old Playboy model, whom he wed at age 89. Since then, the Marshall fortune has been in a near-constant state of turmoil....

Read more of this at Bloomberg News.

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