David Koch Steps Down From Company, Political Groups

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Billionaire businessman David Koch, who along with his brother has used his fortune to help reshape Republican politics, announced Tuesday that he is retiring from his family-owned company and all political organizations.

A letter to Koch Industries employees from its Chairman and Chief Executive Officer Charles Koch attributes David Koch’s decision to deteriorating health. The letter cites an undisclosed health issue that put him in the hospital in the summer of 2016.

David Koch, 78 years old, has long served as vice president of Koch Industries and been active in Republican politics, conservative organizations and philanthropic groups. Read more at WSJ.

{Matzav.com}

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