Who Are The Koch Brothers?
David and Charles Koch are one of the richest family in America with net worth of $100 billion.
Hiring: Values vs. Talent
“We hire first based on values. We won’t go for the smartest guys in the room. If forced to choose between virtue and talent, choose virtue. Talented people with bad values will do far more damage than virtuous people with lesser talents. It’s fine to make lots of money, but how you do it matters. The biggest mistake I’ve made in business is hiring and promoting executives who only paid lip service. That got us into several bad deals – and drove out people who shared our values.”
How to identify good employees: “When we hire someone, in order to figure out if the candidate shares our values and integrity, we put him in situations.
For example, we have someone he thinks is unimportant take him to the cafeteria and see how he treats people there.”
You Don’t Get Ahead Of The Game Because You’re Connected
At Koch industries, even Charles Koch gets evaluated. Any employee at Koch could earn more than his boss.
The employees are challenged to act as though they are running their own businesses.