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Evidence receipt / uncertainty

Published · transcript-backed

David Rosenthal: uncertainty

25 Jul 2023 Acquired Nike

“I don't know. I doubt if it does in the same way. I know that the relationship with Nissho Iwai continued for 30–40 years, like a very long time.”

— David Rosenthal

Source trail

Everything needed to verify it.

Speaker
David Rosenthal
Attribution
Verified speaker
Claim type
uncertainty
Recorded
25 Jul 2023
Publisher
Acquired
Episode
Nike

Transcript context

…Whoa, does that still exist? I don't know. I doubt if it does in the same way. I know that the relationship with Nissho Iwai continued for 30–40 years, like a very long time. If it still does exist today, I'm sure it is not the same terms. But this goes on for a very long period of time. Wow. At this point in history, to have the house in order with a strong financing partner, there's crazy stuff we didn't even cover. He got kicked out of multiple banks. The FBI got involved. They were playing it a little bit too fast and loose where they were using every available penny to buy inventory. There would be checks that bounced for payroll and things like that. When these things topple, they topple all at once. They had a day where they got called into the bank, and then the bank called the FBI, and then they got investigated for fraud. It was an insane few years there.…

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