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Buck. we're in it to maximize value over time. >> at koch industries, even you get evaluated, is that true? >> that's true. >> how does that work? >> that works great. i learn a lot. >> aren't you afraid of a bruised ego? >> no. here's the thing. i think all of us need this attitude. do you want to have your feelings hurt a little bit because you've got some negative feedback? or do you want to continue down the disastrous track you're on and have a huge disaster. talk about a bruised ego. it may ruin your career. >> you read about this in the book, in business and in child rearing, you say we...

Buck. we're in it to maximize value over time. >> at koch industries, even you get evaluated, is that true? >> that's true. >> how does that work? >> that works great. i learn a lot. >> aren't you afraid of a bruised ego? >> no. here's the thing. i think all of us need this attitude. do you want to have your feelings hurt a little bit because you've got some negative feedback? or do you want to continue down the disastrous track you're on and have a huge disaster. talk about a bruised ego. it may ruin your career. >> you read about this in the book, in business and in child rearing, you say we...

Boston trying to get me to come back and work for the company. i kept turning him down. finally, he called me and said, son, my health is not good. i don't have that long to live. either you come back to run the company or i'm going to have to sell it. and we have a separate company called koch engineering, which makes process equipment. and it has sales of like $2 million and it is break even. it's a mess. you can come back and run it and i'll let you run it any way you want. the only thing you need to get my permission for is to sell it. and i said, hey, this sounds better. >> i'm actually g...

Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.