8 Attributes of Great Achievers by Taylor Cameron C
Author:Taylor, Cameron C. [Taylor, Cameron C.]
Language: eng
Format: epub
Published: 2010-10-19T18:30:00+00:00
Jon M. Huntsman—A Billionaire the Right Way
Jon M. Huntsman was born in 1937 in the small town of Blackfoot, Idaho, to a music teacher and homemaker. Following high school, Huntsman enrolled at the Wharton School of Finance at the University of Pennsylvania. In 1961, Huntsman, age 24, graduated and went to work as a salesman for an egg-producing company and was later assigned to a team to develop a plastic egg carton. By 1967, Jon Huntsman, now age 30, was the president of Dolco Packing, a joint venture between the egg business and Dow Chemical. In 1970, Huntsman left Dolco Packing to start his own business, Huntsman Container, with his brother Blaine in Fullerton, California.
In 1971 and 1972, Huntsman worked as a special assistant to President Richard Nixon. Huntsman described an atmosphere that demanded blind loyalty to Nixon. Huntsman related the following experience, “I was asked by [H.R.] Haldeman [White House chief of staff] on one occasion to do something ‘to help’ the president. We were there to serve the president, after all. It seems a certain self-righteous congressman was questioning one of Nixon’s nominations for agency head. There was some evidence the nominee had employed undocumented workers in her California business. Haldeman asked me to check out a factory previously owned by this congressman to see whether the report was true. The facility happened to be located close to my own manufacturing plant in Fullerton, California. . . The information would be used, of course, to embarrass the political adversary. . . There are times when we react too quickly to catch the rightness and wrongness of something immediately. We don’t think it through. This was one of those times. It took about 15 minutes for my inner moral compass to . . . bring me to the point that I recognized this wasn’t the right thing to do. . . Halfway through my conversation, I paused. ‘Wait a minute, Jim,’ I said deliberately to the general manager of Huntsman Container, ‘Let’s not do this. I don’t want to play this game. Forget I called’. . . I informed Haldeman that I would not have my employees spy or do anything like it. To the second most powerful man in America, I was saying no. He didn’t appreciate responses like that. He viewed them as a sign of disloyalty. I might as well have been saying farewell. So be it, and I did leave within six months of that incident. . . I was about the only West Wing staff member not eventually hauled before the congressional Watergate committee or grand jury.”129
In 1974, Huntsman Container created the clamshell container for McDonald’s Big Mac. Huntsman Container pioneered more than 80 innovative plastic packaging products. In 1976, Huntsman sold Huntsman container for $8 million ($28 million in 2006 dollars). As a part of the deal, Huntsman agreed to serve as CEO for four more years.
In 1982, Huntsman formed the Huntsman Chemical Corporation. Huntsman shared this story from the early years: “As our company was going through the embryonic startup years, it was necessary .
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