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Published · transcript-backed

David Rosenthal: belief

27 Jun 2023 Acquired Porsche (with Doug DeMuro)

“I'm speculating here, but I suspect Ferry and Louise didn't have a lot of acrimony over.”

— David Rosenthal

Source trail

Everything needed to verify it.

Speaker
David Rosenthal
Attribution
Verified speaker
Claim type
belief
Recorded
27 Jun 2023
Publisher
Acquired

Transcript context

…But the other Ferdinand, the son of Louise and Anton, was hired by the German company also. Yeah, he's hopped over. He's, on the one hand, like this dark horse kid. He's the Austrian side of the family. You've got the car dealership, business, blah-blah-blah, but he also proved himself as an incredible engineer executive. He was in charge of this 914 project. He managed it with Volkswagen. That was an incredibly successful car until the oil crisis, et cetera. He's like, yo, this should be my company. Tensions, of course, start to rise. Something pretty incredible happens. We've come across on the show. There are lots of stories out there of family businesses, succession, and how all this happens. I don't think there's another case of anything going down like this that I've ever heard of. In the fall of 1970, Ferry and Louise together, call a joint family summit. They're like, we're going to settle things. I don't know. I'm speculating here, but I suspect Ferry and Louise didn't have a lot of acrimony over. They're brother and sister. Louise had her company, Ferry had his company. They're both making a lot of money.…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.

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