David Rosenthal
speaker
40,888 appearances
64 recordings
4 series
first heard Aug 2022
last heard 14 Sep
David Rosenthal’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 12 in all, peaking in Oct 2025 with 3.
Appearances
of its Handy Dan subsidiary, which is a chain of hardware stores that's also based there in Los Angeles.
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So again, he has no equity.
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He's the CEO, but he's just an employee.
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These are retail guys.
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Exactly.
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Well, retail and finance guys, as we'll see.
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Yes.
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So once Bernie becomes CEO of Handydam, he quickly recruits another younger company man from within the Dalen empire, a financial whiz named Arthur Blank, to come over to L.A.
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and join him as his CFO at Handydam.
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And Bernie, you know, he knows himself, as we'll see.
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He is an incredible retailer, an incredible CEO, an incredible leader.
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But his weak spot is finance.
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Now, you might be wondering, wait a minute, if Handy Dan is a subsidiary of Dalen,
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Why does it have its own CEO, CFO, management team?
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Because Handy Dan was also a standalone publicly
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bought all of it.
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But then there was this kind of crazy fad going on on Wall Street in the 70s here, which we're into now.
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where conglomerates would spin off these little 19% equity stubs of their various divisions and then float them publicly on the stock market, 19% being below 20% so that the parent company could still consolidate the division's financials on their books.
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I see.
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Yep.
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Showing 201–220 of 40,888 · page 11 of 2045
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