Forrest Mars

8 statements across 1 episodes · 3 bullish · 0 bearish · 2 people on the record · first statement Dec 16, 2024 by David Rosenthal · said 92 times in 2 episodes since 2024 · across every show →

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brought up most by David Rosenthal (82), Ben Gilbert (10)

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Everything said about Forrest Mars, oldest first

Dec 16, 2024 neutral
Assertion Supported
Forrest Mars demolished executive dining rooms and instituted open floor plans
“So once he takes control, he comes to Chicago, he immediately rips out all the office walls in the building, open floor plan for everybody. He demolishes the executive dining room. He sells the company art collection and the company helicopter, and he hands ev…”
David Rosenthal Dec 16, 2024 ▶ 2:29:54 Mars Inc. - The Chocolate Story (Audio) · Acquired
Dec 16, 2024 positive
Assertion Supported
Mars's 1930s pet food business generated cash to fund candy expansion
“The fact that this happened in 1935 completely blew my mind, because I knew that Mars was in the pet food business, much like Nestle Purina is in the pet food business. I thought this was like a recent diversification hedge, but here it is effectively at the f…”
Ben Gilbert Dec 16, 2024 ▶ 1:27:08 Mars Inc. - The Chocolate Story (Audio) · Acquired
Dec 16, 2024 neutral
Assertion Supported
Mars historically targeted an 18% return on total assets across divisions
“Supposedly, Forest had, and Mars has, or at least used to have, a specific target of 18% return on total assets for every division and every factory, which means essentially that every investment needs to pay for itself in less than five years.”
David Rosenthal Dec 16, 2024 ▶ 1:40:23 Mars Inc. - The Chocolate Story (Audio) · Acquired
Dec 16, 2024 neutral
Assertion Supported
Forrest Mars departed Mars with $50,000 and Milky Way's foreign rights
“He takes actually two things with him that his dad sort of gives him as he's heading out the door. One, 50,000 dollars, and two, the foreign rights to the Milky Way recipe.”
David Rosenthal Dec 16, 2024 ▶ 1:10:28 Mars Inc. - The Chocolate Story (Audio) · Acquired
Dec 16, 2024
Assertion Supported
Forrest Mars discovered dragée candy among Spanish Civil War soldiers
“Before Forrest leaves Europe, he had spied a new, to him at least, type of chocolate candy that had become popular with soldiers in the Spanish Civil War called Draguet.”
David Rosenthal Dec 16, 2024 ▶ 1:49:30 Mars Inc. - The Chocolate Story (Audio) · Acquired
Dec 16, 2024 positive
Insight
Forrest Mars believed building wealth requires knowing how to manufacture a product
“You can hire lawyers. You can hire accountants. You can hire advertising men or financial types. But if you want to get rich, you got to know how to make a product. And you aren't going to hire anybody to make a product for you to make you rich. They'll only m…”
David Rosenthal Dec 16, 2024 ▶ 1:15:34 Mars Inc. - The Chocolate Story (Audio) · Acquired
Dec 16, 2024
Assertion Supported
Forrest Mars' independent empire reached $200 million, quadrupling Chicago Mars' revenue
“Like I said, at this point, Forrest's empire is doing, call it, 200 million-ish of revenue annually around the world, and Chicago Mars had about fifty million of revenue, so Forrest is, call it, four times the size of Chicago Mars.”
David Rosenthal Dec 16, 2024 ▶ 2:23:26 Mars Inc. - The Chocolate Story (Audio) · Acquired
Dec 16, 2024 positive
Assertion Supported
Mars UK workers could halt entire production lines for quality defects
“Any employee in the factory could stop the line for any reason at any time. If there's anything that's out of place, anything that could impact quality, you know, anything is dirty, anything is not perfect, every single worker in the entire facility can stop t…”
David Rosenthal Dec 16, 2024 ▶ 1:30:07 Mars Inc. - The Chocolate Story (Audio) · Acquired
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