Salt Lake Tribune
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Sale of family company no direct boon to guv
This is an archived article that was published on sltrib.com in 2007, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

At the time, Huntsman said he never expected to benefit financially from his share in the company his father had been building since the son was a youngster. "Nobody could have told you two or three years ago what would happen. I wasn't much prepared for this."

The governor divested because he wanted to be above any appearance of impropriety, his then-chief of staff Jason Chaffetz explained. "It's just the right thing to do."

Huntsman put the money into a blind trust to be used in part to pay for his seven children's college educations.

- Glen Warchol

Gov. Jon Huntsman Jr. will not benefit directly from the $9.6 billion sale of Huntsman Corp., his spokeswoman said Tuesday. "The governor has no financial holdings in the company," said spokeswoman Lisa Roskelley. Huntsman, who was elected in November 2004, reported that in early 2005 he sold his 1 percent of shares of the family-owned Huntsman Corp. for $15 million to $25 million. He divested his 600,000 shares of stock soon after the company's February 2005 public offering.

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