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Posted 18 Dec 2001   For week ended December 14, 2001
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Sent on Mormon-News: 11Dec01

By E&Y News Release

Huntsmans Receive 2001 E&Y Entrepreneur of the Year Award

NEW YORK, NY -- Jon and Karen Huntsman, two of the world's leading philanthropists, have been named this year's recipients of the 2001 National Ernst & Young Entrepreneur Of The Year award for Principle-Centered Leadership, presented by the Franklin Covey Co. A survivor of both mouth and prostate cancer, Jon Huntsman is personally committed to finding a cure for cancer and relieving the suffering it causes. After 25 years at the helm of a global chemical company, Huntsman established the Huntsman Cancer Institute at the University of Utah with $100 million. Last year, he and his family donated another $125 million to help construct the Clinical Research Hospital adjacent to the institute's research facility. Today, the institute conducts cutting-edge cancer research, houses the largest genetic database in the world, and takes a unique team approach that could yield some of the most important scientific discoveries of our time.

The Ernst &Young Entrepreneur Of The Year award for Principle-Centered Leadership, instituted in 1997, recognizes entrepreneurs who have achieved outstanding business results in a deeply principled manner. It is presented by the Franklin Covey Co., a leading productivity, life management and leadership development training company. The Huntsmans were honored at an awards gala -- the world's largest gathering of entrepreneurs -- on Saturday, November 17 in Palm Springs, Calif. They were recognized along with national Ernst &Young Entrepreneur Of The Year award winners in eight other categories. "Jon and Karen Huntsman are proof that one family can make a difference," said Stephen R. Covey, vice chairman, Franklin Covey Co. "Together, they have never wavered in their commitment to alleviate suffering, and their significant contributions have not only improved the lives of thousands of people today, but those of future generations as well."

Behind the Philanthropy

Jon Huntsman founded the Huntsman Container Corporation in 1970, beginning a successful career in which he would pioneer more than 80 innovative foam packaging applications, including the famous "clamshell" sandwich container used by many fast food restaurants in America today.

Since then, Huntsman Corporation has grown into North America's largest privately held chemical company. Nearly 14,000 employees and contractors around the globe work together to manufacturer more than 30 billion pounds of highly integrated products each year for the chemical, plastics, detergent, personal care, automotive, high-tech, health care, textiles, and packaging industries. Throughout the years, Huntsman has made an effort to recognize his employees for their contributions, striving to call each one of them by name and recognizing their individual birthdays, anniversaries, and other important life events to the greatest extent possible.

Mission Possible: Beat Cancer

Profits at the company are used to aptly compensate employees for their efforts, but Huntsman also earmarks a significant portion to help enrich the human soul and alleviate human suffering. An example of this unconventional principle is the Huntsman Cancer Foundation, by far the largest philanthropic project Huntsman and his family have ever undertaken. Their gifts, totaling $225 million over five years, promise to reduce the devastating burden of cancer faced by millions of people each year, and represent a generosity of immense proportions.

The mission of the Huntsman Cancer Institute, which is funded by the Huntsman Cancer Foundation, is as follows: to understand cancer from its beginnings; to use that knowledge in the creation and improvement of cancer treatments; to relieve the suffering of cancer patients; and to educate the public about cancer risk, prevention, and care. To that end, the institute has initiated a number of programs and services directed by Huntsman, including:

* the creation and continued development of the most comprehensive genetic database in the world;

* a unique cooperative effort that brings together scientists and clinicians for more efficient translation of scientific discoveries;

* the Cancer Learning Center, with one of the most extensive collections of cancer-related materials in the U.S.;

* a cancer advisory program that provides individualized consultations for cancer patients, their friends, and families;

* the Patient Care Center, where teams of doctors and health care professionals work together to provide compassionate, state-of-the-art care in an outpatient setting.

In addition, Huntsman has entered into a collaboration with the Primary Children's Medical Center in Salt Lake City to form the Huntsman Cancer Institute for Children. The center utilizes basic and clinical research to develop new treatments for childhood cancer, and combines the forces of researchers, educators, and pediatricians to provide a comprehensive program.

About the Ernst &Young Entrepreneur Of The Year Awards Program

The Entrepreneur Of The Year awards program was created and is produced by professional services firm Ernst &Young to honor outstanding entrepreneurs whose ingenuity and perseverance have created and sustained successful growing business ventures. It is sponsored nationally by USA Today, CNN, The Nasdaq Stock Market and the Kauffman Center for Entrepreneurial Leadership at the Ewing Marion Kauffman Foundation. In addition to the Principle-Centered Leadership award, national award finalists and winners were honored in eight other categories, including the following: Master Entrepreneur Of The Year; Manufacturing Entrepreneur Of The Year; Service Entrepreneur Of The Year; Real Estate/Construction Entrepreneur Of The Year; Health Sciences Entrepreneur Of The Year; Technology/Communication Entrepreneur Of The Year; Retail Entrepreneur Of The Year; and Supporter of Entrepreneurship.

About Ernst & Young

Ernst &Young, a global leader in professional services, understands the business issues that are important to senior executives. With extensive business knowledge and hands-on industry experience, the global Ernst &Young organization can implement a broad array of solutions to help companies capture growth, improve financial performance and manage risk -- anywhere in the world. Its 84,000 people serve as trusted business advisers in more than 130 countries, offering audit, tax, corporate finance and transaction services across all industries to many of today's leading global corporations as well as emerging growth companies. In addition, legal services are available in various parts of the world where permitted. A collection of Ernst &Young's views on a variety of business issues can be found at . Ernst &Young refers to all members of the global Ernst &Young organization, including the U.S. firm of Ernst &Young LLP.

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