Charles Koch,

Forbes - - CONTENTS -

the power bro­ker: in­dus­trial and po­lit­i­cal king­pin; ceo, koch in­dus­tries

Iex­pect all our em­ploy­ees to live up to the set of values that we started cod­i­fy­ing for Koch In­dus­tries decades ago. Among our ten guid­ing prin­ci­ples: hav­ing in­tegrity and hu­mil­ity, treat­ing oth­ers with re­spect, proac­tively shar­ing knowl­edge and fo­cus­ing on cre­at­ing the great­est long-term value. The biggest mis­take I’ve made in busi­ness is hir­ing and pro­mot­ing ex­ec­u­tives who only paid lip ser­vice to them. That got us into sev­eral bad deals—and drove out peo­ple who shared our values. (It took sev­eral years to re­struc­ture our man­age­ment teams and di­vest those deals.) When hir­ing, 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.

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