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Published · transcript-backed

David Rosenthal: commitment

16 Dec 2024 Acquired Mars Inc. (the chocolate story)

“Forrest totally recognizes all this like, we need to invest, pedal to the metal. We are going to use everything happening here to blow away our competition.”

— David Rosenthal

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Everything needed to verify it.

Speaker
David Rosenthal
Attribution
Verified speaker
Claim type
commitment
Recorded
16 Dec 2024
Publisher
Acquired

Transcript context

…Depression. Sales are going great. Here we are, 1932, the worst years of the depression. Forrest totally recognizes all this like, we need to invest, pedal to the metal. We are going to use everything happening here to blow away our competition. We’re going to go compete with Hershey. We’re going to become huge. Frank, though, has no interest. According to Forrest, "My father says we’re making enough money. We have an airplane, we’ve got the fishing place, we’ve got horses, why do we need any more?” And Forrest’s reply to that is, “I want to conquer the whole goddamn world". He issues his dad an ultimatum. Look, obviously you want to just go enjoy life, let me run things. Give me one-third of the stock of the business, you keep two thirds. You relax, and I will make you even richer. Frank turns him down. I think he turns him down and insulted like, I built this business, and you came in recently and you’re just randomly asking me to give you a third of it? Go to hell.…

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