The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 3 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Madden: Stratton Oakmont ran pump-and-dumps; Steve Madden was only real company
“Well, they were totally manipulated. The stocks, they went up, and it, you know, it was a pump, it was a classic pump and dump. And only Steve Madden was a real company.”
Madden grew revenue from $500,000 to $50 million shortly post-IPO.
“I took it and in very short period of time from a half a million bucks, I was doing forty million a year or fifty million a year.”
Post-prison growth came from strong products and hiring for operational weaknesses.
“The marketing wasn't super fantastic. It was just great shoes, great prices, great value, and you know, I think that we just wore everybody out with that. You know, more people were giving us their open to buy, and we opened more stores, you know, and our inte…”