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MANN MAKES HIS MARK BIOTECH PIONEER FINDS CURES, VAST FORTUNE; MINIMED DEAL BRINGS $3.7 BILLION MORE.


Byline: Dana Bartholomew Staff Writer

Billionaire Alfred E. Mann Alfred E. Mann (born 1925, Portland, OR), who is also known as Al Mann, is an American entrepreneur and philanthropist. He is a billionaire.

Born and raised in Portland, his father was English and mother Polish.
 is no numbers man - despite his six sterling companies, 21 scientific patents, 25 prestigious awards and what soon could become the world's largest university endowment.

And that doesn't include MiniMed Inc. and another firm the San Fernando Valley San Fernando Valley

Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills.
 aerospace and biotech pioneer sold this week to a Minnesota-based Medtronic Inc. for $3.7 billion.

``I'm a very lucky guy,'' said Mann, 75, who lives atop Beverly Hills Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities.  overlooking the city and the Valley. ``I've been very fortunate to have been able to do some very significant things - I've lived through the golden age of technology and I'm very excited about the future.''

What Mann is about, say industry associates, are people behind the numbers - the blind, the deaf, the diabetic and the sick - and each and every worker tinkering to set them free.

MiniMed, based in Northridge, founded to focus on diabetes. His Medical Research Group, also sold, created to develop an artificial pancreas The artificial pancreas is a technology in development to help diabetic persons automatically control their blood glucose level by providing the substitute endocrine functionality of a healthy pancreas. .

A high-tech company for deafness and pain. One for vaccines against cancers. Another to create bionic A machine that is patterned after principles found in humans or nature; for example, robots. It also refers to artificial devices implanted into humans replacing or extending normal human functions. See biomimicry.  eyes for the blind, another for batteries for bionic implants. A firm to lead cures for allergies and asthma, and another to research new drug delivery systems. Not to mention a foundation in his name with another army of scientists.

With each medical challenge, Mann just starts a new company.

``He's had two driving forces: One is to cure the diseases and ailments that mankind has had forever; and the other is to give back to his community,'' said Bruce Ackerman, head of the Economic Alliance of the San Fernando Valley.

``And he has sure set the mark for that.''

Mann dropped the shoe on the numbers game nearly 20 years ago when engineers approached him with a scheme to save money on a pump to deliver insulin - despite a one-in-a-million chance of overdosing patients.

Cliff Hague, former vice president of marketing and business development for Mann's Sylmar-based MiniMed Inc., can still hear its founder's response.

``He took off his shoe, banged it on the table and said, 'We shall not ever compromise patient safety in the interest of economics,' '' he said. ``And the meeting was closed.''

Mann's sale this week of MiniMed not only rocked the Los Angeles business world, it also turned the spotlight on one of the region's most generous residents. Just over two years ago, Mann - unknown to all but industry insiders - shocked academia by offering $100 million to USC An abbreviation for U.S. Code.  and $100 million to his alma mater, UCLA UCLA University of California at Los Angeles
UCLA University Center for Learning Assistance (Illinois State University)
UCLA University of Carrollton, TX and Lower Addison, TX
, for biomedical research.

Now, with more ducats in his pocket, the onetime physicist plans to give his entire fortune to the advancement of science - with more foundations, more endowments and a likely gift to Johns Hopkins University Johns Hopkins University, mainly at Baltimore, Md. Johns Hopkins in 1867 had a group of his associates incorporated as the trustees of a university and a hospital, endowing each with $3.5 million. Daniel C. .

``I'm giving my whole estate away,'' said Mann, 75, who lives in a glass house he built himself on top of Mulholland Drive in Beverly Hills with views of the San Fernando Valley and West Los Angeles
  • West Los Angeles, Los Angeles, California, a neighborhood of Los Angeles
  • West Los Angeles (region), a popularly identified region of Los Angeles, incorporating the neighborhood above
.

To those who know him, Mann is the can-do of enterprisers.

Mann was born in 1925 in Portland, Ore., of British and Polish parents. Too squeamish squea·mish  
adj.
1.
a. Easily nauseated or sickened.

b. Nauseated.

2. Easily shocked or disgusted.

3. Excessively fastidious or scrupulous.
 to dissect dissect /dis·sect/ (di-sekt´) (di-sekt´)
1. to cut apart, or separate.

2. to expose structures of a cadaver for anatomical study.


dis·sect
v.
 frogs, Mann didn't have any interest in science until his senior year in high school when he discovered chemistry and physics. And then college.

After a short stint as a navigator aboard a B-29 bomber in World War II, Mann helped his father turn a dogpatch into a successful citrus ranch. He now has six children of his own.

Then, backed by the U.S. Army, he founded Spectrolab, maker of guidance systems for anti-tank missiles, which would soon become the leading maker of solar-powered satellite systems. For his aerospace accomplishments, Mann has been noted at the Smithsonian Institution no fewer than 32 times.

(His brother, Robert Mann, became founding first violinist of the Julliard String Quartet).

After stunning the aerospace industry, Mann headed a request by Johns Hopkins University to help develop a cardiac pacemaker cardiac pacemaker A device that delivers a small electric shock to the heart to effect cardiac contraction at a pre-determined rate  that could last longer than two years. Mann responded by starting Pacesetter Inc., which became the world's second-largest manufacturer of rechargeable pacemakers. He sold it to a German firm for $150 million.

``Al has no medical training, he's a physicist,'' said Ahmed Enany, executive director of the Southern California Biomedical bi·o·med·i·cal
adj.
1. Of or relating to biomedicine.

2. Of, relating to, or involving biological, medical, and physical sciences.
 Council.

``But he sees opportunities where others don't - he starts something from scratch and turns it into a gold mine.''

The key may be in Mann's management style. He's a regular spry An application framework from Adobe for building rich Internet applications using HTML. Spry takes the tedium out of writing AJAX code and also includes routines for creating animation effects and building widgets. For more information, visit http://labs.adobe.com/technologies/spry.  guy, his cohorts say. He drives a Mustang convertible. Drinks no coffee. Doesn't touch alcohol. Attends temple only on holidays. Works 80 to 90 hours a week. And has total focus.

When Mann sat down to fiddle with a problem outside a secretary's home, he never even noticed the chicken that hopped on his lap.

``He's incredible; he's just an incredible person,'' said Georgia Smith, Mann's administrative assistant for the past 18 years. ``He calls all the women 'Honey,' because he can't remember names.''

His summer picnics and Christmas parties are legendary. His management style avoids micromanagement This is about the management style. For the computer game strategy, see Micromanagement (computer gaming).
In business management, micromanagement is a management style where a manager closely observes or controls the work of their employees, generally used as a pejorative term.
.

``There's a magic about an Al Mann company,'' said Hague, who is co- authoring a book with Mann titled ``How to be an Entrepreneur by Really Trying: The Business Philosophy of Alfred E. Mann.'' ``You walk in the door and there's magic energy - almost like electricity.''

Mann, for his part, lives for the love, according to one daughter, of those he has helped.

``It's the letters,'' he said. ``And interaction with people I do something for - someone who can hear for the first time in years; someone who has had heart disease who just got a pacemaker - those are very moving experiences.

``I'm anxious to do what we do because we make a difference in people's lives.''

CAPTION(S):

photo

Photo:

(color) Alfred E. Mann, founder of the world's largest maker of insulin pumps, has sold the company as part of a deal worth $3.7 billion.

Tom Mendoza/Staff Photographer
COPYRIGHT 2001 Daily News
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Daily News (Los Angeles, CA)
Article Type:Statistical Data Included
Geographic Code:1USA
Date:May 31, 2001
Words:989
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