Looking Back A Conversation with Jon Huntsman Sr

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I Want To Introduce You To A Man Who

I don’t know is a friend brother a father figure. I mean he is really truly a remarkable man and has truly changed my life. His name is John Huntsman senior. He has a brand new book out barefoot 2 billionaire and it is one of the most remarkable stories you have ever read. I will tell you hello John Hoagland how are you love you.

I Will Tell You That I Just Read

a book from the 1800s It was called poor boys. I think and it was published about 1890 and it was all about the great industrial giants of the age that all grew up poor and they just said I I’m just moving forward. I’m just gonna move forward. We don’t tell those stories anymore. You are the poster boy? You grew up in a place and a house that had literally cardboard walls right Yes you didn’t have shoes for a while well not for a while Yeah right and and then now you are the guy who made the styrofoam egg container.

The Styrofoam Cup Plate Thats You

and when I went to your office. I don’t know if you remember this when I went to your office. You were trying to make in the old days you were trying to make get the molds made for the UK Styrofoam yes okay and you were having a hard time raising the money and I saw up on your wall gold records. You want to tell that story real quick well. It’s not much of a story.

Glen.

It’s just that necessity is always a mother of invention and when people say they don’t. have the money and they don’t have the resources to enter business Is an entrepreneur because they’d like to fulfill their dreams. I’ve always felt that there was some way somehow a methodology or a means by which people could attract financing because and so one of my neighbors happen to be in Southern. California happened to be associated with one of the large record companies and I came up with the idea that if we could advertise records in on television if you act now remember those things that Keitel bought well.

I Started That Strictly As A

means to finance our petrochemical businesses, and I didn’t think it would go anywhere, but it ended up being the thirteenth largest advertiser in America. So so just put this his perspective here. I’m at this giant petrochemical plant. The guy who’s making the styrofoam egg cartons and everything else to. Fund that he had no money he had nobody that would really believe in this and so he started K-tel records where you put together all the the greatest hits of all time that’s him.

They Were The Greatest Hits Of

rock and roll. I mean that’s Crazy Twenty twenty-one out of our first twenty-three records were gold labels and so I quickly I sold that business after three or four years to his record business. I’ve never done that well I was afraid I was going to build a balloon and then you’d pop the balloon You wouldn’t have anything but I knew in the chemical business that everything we wear see feel in touch from carpeting to computers to medical supplies to pharmaceuticals to paint two seats for cars and where you’re sitting now to thousands and thousands of products could be made if I could. diversify and move into these broader products with a wonderful team of people. I learned very early Glenn by the way that the key to success is to surround yourself with people who are lot smarter than you are and I knew my limitations in engineering and some of the other areas and but we were able to start and not many people thought we would make it and this year we celebrate our 45th anniversary at about 16 billion a year in cells that’s a medley so I’m grateful to the Lord Hey Glenn.

Its Hard For Me To Even Talk About

it. But I’ve always been strong my faith and I’ve had faith and other people and if people know you have faith in you can put your arm around them and thank them for what they’re doing and then share your profits with them and share your. profits with charity at the same time Here’s a formula for great success. Most people John will look at stock and they say I’ve got a I’ve got to make this stock price. You do the opposite.

You Look At Your Charitable Giving X

you went to the you went to the banks was it two thousand eight two thousand eight nine yes and you went to the banks and when everybody else was losing money and stock and everything was just cratering. You’re about to lose your company right and you have all of these commitments to women shelters and everything else tell the story about going to the bank well. You know once one makes a commitment to charity. The last people in the world who can afford to ever be without or those who are already without and so as a boy growing up. I knew the feeling of being poor.

I Lived That Id Worn Those Moccasins

and and I told my wife and I agreed that if ever we were going to make a commitment and often commitments have to be made for five or ten years. They’re not just a one-year situation and many of our commitments were fifty million or a hundred million. They were going to different causes mostly cancer, but a lot of other great cause. There’s a lot of other so I I went to the banks in New York and I said I really need a high-powered loan and they said for your business and I said no for charity. They said we don’t give we don’t loan money for charity.

No Nobodys Foolish Enough To Borrow

money, so they can give it away. How do you intend to repay us and I said well. My will grow and we will flourish and we will be successful but you just have to give me time but I will not let these people down. They’re counting on me for food. They’re counting on me for cancer treatments.

Theyre Counting On Us For Abused Women

and children sinners. They’re counting on me for five thousand scholarships to underprivileged kids Who you know if it hadn’t been for family. I wouldn’t been through school and and so the bankers were just they were so astounded. So the Chairman said I’ll have to think about it Nice and the Vice all the way out west to visit with me. They try to talk me out of and I said, Don’t you dare talk me out of it.

I Will Pay You Back Every Dime Every

penny, but I will not let these charities down and so Glenn it was great. your lesson? You put your personal stuff up as collateral all my net worth absolutely because I figured that you know Glenn you’re born with not much in life, Not most of us don’t have a whole lot when we’re born and I figured that if I died without a whole lot. I’d breakeven that’s a pretty good record and and so it didn’t bother it didn’t bother me in the slightest so we put up our corporate stock. I put up one of my homes and my wife and children. The bank wouldn’t give me any collateral on those but it worked out great I’m not trying to sound self-serving.

I Please.

I’m I’m not trying to be that kind at all all. I’m saying is that you know whether we’re worth a billion or they were worth a million, whether we’re worth a hundred thousand while they were. 1,000 It’s what’s in your heart? You know a hundred dollars a month from somebody or fifty dollars a year for people who maybe in a less economic bracket. Pass is important to the LOrd.

Its Important To Those People Receiving

charity as it is for the billionaires and millionaires to take in fact, it’s worth more and I would I would. I would. I would suggest Glenn that there’s probably more money per capita given by the lower income and no Delirium than these extremely wealthy people who I’ve had the privilege to associate with you. Don’t give much of anything you have and I won’t tell the story. You can if you choose to but I know for a fact you have been with some of the biggest current entrepreneurs on in the world and yeah because you know I I would say yelled at them, but do.

They Know You You Spoke Softly But Sternly

to them and said what are you thinking well? The the rule was in this in this little group that they put together successful men and women that we were supposed to we’re all supposed to get 50 percent to charity. So I stood up to the back of the room and I said do you mind and I won’t mention any names yeah we know who they all are there they’re good people and they’ve given a lot to charity many many of them, but most of them haven’t given a dime and I said why don’t we make our goal 80% instead of 50% because if you’re worth five billion dollars. You can easily live on two and a half billion. I mean you’re not going to go broke and so give 80% and then you live on the twenty. And you’re still extremely wealthy and the the chairman of our group Mr.

.

Buffett, who’s really a fine man. He said John sit down we’re not ready for that yet you’re way ahead of the curve, but anyway my feeling is it you know the twinkle in people’s eye the feelings in their face the hope in their body that you can give people by lifting their souls and lifting their spirits. It doesn’t cost that much and besides what are we going to do with it anyway. You know we’ve been blessed the Lord’s blessed us in a way that we can never ever say thank you.

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I Want To Introduce John To Somebody Who

I met walking in John you stay here for a second I’m gonna give this I just had this signed to Ruth and Gary from John okay John they watched you on Fox on. my show on Fox Thank you very much Ruth will you tell me quickly your story Ovarian cancer and at the time we were watching This show was 12 years. A survivor and then she developed breast cancer only child and no grandchildren and our lawyers insisted that we come up with a secondary survivor. I mean and we prayed about it thought about it and we went with the Cancer Institute because of you you’re in there will ya thank you they didn’t know yeah They didn’t know you were here today and then walk again Yeah and you know one of your young man told us outside I told him how hard the time I had getting here and he said God wanted you to be here today. Yeah thank you thank you at that time.

I Still Didnt Know Thats Men Isnt That

amazing so could you. be kind enough if I just borrow that book one second from me if you could just bring it over to me. I just wanted to yeah to share with I’ll give it right back to you Ruth thank you dear yeah. I think I there’s a little passage in this book that Glenn Glenn will probably never have me back again.

Summary

John Huntsman senior has a brand new book out barefoot 2 billionaire and it is one of the most remarkable stories you have ever read . Glen. Hoagland: “It’s just that necessity is always a mother of invention and when people say they don’t. have the money and they . don’t have the resources to enter business Is an entrepreneur because they’d like to fulfill their dreams.& I’ve always felt that there was some way somehow a methodology or a means by which people could attract financing because and so one of my neighbors happen to be in Southern.& California happened to be associated with a large record company and I came up with the idea that if we could advertise records in on television if we . act now remember those things that Keitel bought well. I started that strictly as a means . Hoaglands: It’s not much of a story. It’s just a way to attract financing. I don’t know what it’s not just a means of…. Click here to read more and watch the full video