David Rosenthal: commitment

Transcript context

…Yeah, not only am I going to leave to be an entrepreneur to capitalize on the Internet. I'm going to do the exact thing that we've been the most excited about that I've been working on on your dime. Yes. This is where the legend is. David's like, let's go for a walk. They go off from the skyscraper office in Midtown Manhattan, go for a walk through Central Park for two or three hours, and talk through it all. David supposedly says to Jeff, look, you got a future here. I very much want you to stay and build this within D. E. Shaw. I will compensate you appropriately. It will be worth your time. But I also understand the entrepreneurial impulse. I left Morgan Stanley to start D. E. Shaw. I get it. I've been in your shoes. If you leave and do this on your own, I'll regret it, but you have my blessing. That's the legend of how it went. Whether that actually is what happened, I genuinely don't know, but it's a very nice legend. Let's put it that way. You're suggesting that it could be a little bit more adversarial or that there could be a little bit of ill will of, hey, I thought you were working on this under the umbrella of D. E. Shaw.…

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