Winners Never Cheat

About the Author

Jon M. Huntsman is a renowned entrepreneur and philanthropist, best known as the founder and chairman of Huntsman Corporation, the world's largest privately held chemical company. His journey from humble beginnings to becoming one of America's wealthiest individuals is nothing short of inspirational. Huntsman graduated from the prestigious Wharton School at the University of Pennsylvania and is the founder of the Huntsman Cancer Institute, reflecting his commitment to giving back to society. His principles of honesty, generosity, and ethical business practices are deeply embedded in his life's work and achievements.

Main Idea

In "Winners Never Cheat: A Self-Made Billionaire Speaks Out on Honesty and Generosity," Jon M. Huntsman shares the principled lessons he has followed throughout his life. Huntsman emphasizes that ethical behavior, integrity, and generosity are not just moral imperatives but are also key to long-term success in business and life. He advocates for a return to a time when a person's word was their bond, a handshake sealed deals, and trust was the foundation of business relationships. The book is a clarion call for business leaders to adhere to these timeless values in an era plagued by corporate scandals and ethical lapses.

Table of Contents

1. Lessons from the Sandbox
2. Check Your Moral Compass
3. Play by the Rules
4. Setting the Example
5. Keep Your Word
6. Pick Advisers Wisely
7. Get Mad, Not Even
8. Graciousness is Next to Godliness
9. Your Name is on the Door
10. The Obligation to Give Back
11. The Bottom Line

Lessons from the Sandbox

Huntsman begins by drawing parallels between the lessons learned in childhood and the principles that should guide our adult lives, especially in business. The values of fairness, honesty, and playing by the rules are instilled in us from a young age. These values form the foundation of how families, communities, and businesses operate. However, Huntsman laments that these principles are often disregarded in today's corporate world, where dishonesty and unethical behavior are rampant.

"Financial ends never justify unethical means. Success comes to those who possess skill, courage, integrity, decency, and generosity." - Jon M. Huntsman

He emphasizes that these childhood lessons do not lose their value simply because we are in the business world. The principles learned in the sandbox should continue to guide us, ensuring that we compete fiercely but fairly.

• Be fair
• Share and share alike
• Don't cheat
• Tell the truth
• Play nicely

Check Your Moral Compass

Huntsman argues that everyone is inherently aware of right and wrong, thanks to the moral teachings we receive from parents, teachers, and society. He stresses the importance of adhering to these moral values, even when society seems to tolerate questionable activities. Basic misbehavior is considered wrong today just as it was a century ago. Huntsman distinguishes between ethics and laws, noting that while laws mandate behavior, ethics guide our actions on a higher plane of decency and generosity.