News Focus
News Focus
Followers 38
Posts 37269
Boards Moderated 13
Alias Born 10/20/2002

Re: arizona1 post# 233655

Tuesday, 04/21/2015 6:32:14 PM

Tuesday, April 21, 2015 6:32:14 PM

Post# of 575998
Kochs Defend Purchase of Scott Walker

Today 11:29 am
By Andy Borowitz

NEW YORK (The Borowitz Report)—Koch Industries is defending its acquisition of Wisconsin Governor Scott Walker against charges that it overpaid for the Midwestern politician.

After co-owner David Koch revealed that Walker had become a wholly owned subsidiary of Koch Industries, he set off a firestorm of criticism that the company had spent too much for a worthless asset.

“There was absolutely no bidding war for Walker,” an industry analyst familiar with the market value of politicians said. “Even Sheldon Adelson had no interest in acquiring him.”

While Koch Industries did not disclose the purchase price of the Walker subsidiary, it said that Koch Industries would spend nine hundred million dollars between now and November, 2016, for a variety of upgrades to the Wisconsin governor.

In a terse statement, Koch Industries argued, “Scott Walker is a perfect fit with our diversified portfolio of elected officials,” but indicated that, if Walker underperforms, the company would be open to selling him at a later date.

http://www.newyorker.com/humor/borowitz-report

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today