Friday, January 30, 2009

Chemical Man Is Curing Cancer

Time for a good story. John Huntsman grew up in a house with cardboard walls. He was poor. However, by 2001 his chemical company, Huntsman Chemical was the largest privately held chemical company in the world. Due to a harsh business climate Huntsman had to go public.

When Mr. Huntsman was shopping banks for financing he had to borrow hundreds of millions of dollars for his chemical company. In the nearly forty years of corporate history Hunstman Chemical had a PERFECT credit rating. Mr. Huntsman was able to secure several hundred million dollars for his business. After he secured that he told his banks that he needed another 100 million dollars. When they asked him why he explained that he had obligations to charity. Most importantly to him was the Huntsman Cancer center in Utah. To make a long story short he approached 87 banks of which only a handful were willing to help him. As of yesterday he paid off the loan.

If you are looking for a good place to donate your money check out Mr. Huntsmans cancer work.

www.Huntsmancancer.org

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