Before we get to today's destination, a quick note about yesterday in our number three state, Utah. I wrote in this space yesterday that we planned to interview both Gov. Jon Huntsman, Jr., and his father, industrialist Jon Huntsman, Sr.
The interview with the elder Huntsman was a little bonus on our Top States tour. His company, Huntsman Corp. is the object of a bidding war between Apollo Management and Basell AF. That he would come on and talk to us in the midst of that meant we had a chance to make some news. As the bidding war intensified, I kept expecting him to cancel, and was amazed that he didn't.
At 11:00a ET Wednesday morning, one hour before “Power Lunch”, our luck ran out. I got a very apologetic phone call from Huntsman's executive assistant. Seems Huntsman had figured that it would be a good idea, just before he headed over to our interview, to let the company lawyers know what he was up to. I think you can figure out what happened from there--Too bad, though, and not just because we might have gained some new information on a $10 billion deal.
Jon Huntsman, 70, is a great American success story. A self-made billionaire, he developed the clamshell container for McDonald's Big Mac. Now, he is selling his company in order to devote his life to cancer research. The Huntsman family is not terribly well known outside Utah, but it should be.