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 13 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: Steve Madden IPO was manipulated in Stratton Oakmont pump-and-dump
“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: His portrayal in 'The Wolf of Wall Street' was highly accurate.
“With me talking in front of the, it was very accurate.”
Madden: Mainstream shoe industry abandoned youth and teen market in 1990
“What was happening was the market that I was selling to, everybody in the shoe business walked away from it. The teenagers, you know, and stuff like that, the young, and it was a different generation, you know, and so they had their own thing, their own music,…”
Steve Madden: Barneys Refused His Brand Despite Employees Wearing It
“I w or I would go into a high end department store like a Barney's, let's say, and they wouldn't carry Steve Madden. They wouldn't dare carry Steve Madden, but all the people working in the store wore Steve Madden.”
Madden accidentally found early success targeting underserved Gen X consumers.
“I ended up making shoes for the Gen X customer, those would be people around 40 today... And I discovered this market by accident, There was, they were very ill served. You know, basically we stepped into that at Steve Madden.”
Madden: Danny Porish offered to raise $600K before a $6M IPO
“And you know, we're going to raise you, we're going to get you, we'll raise you 600 grand, and then we'll get you six million.”
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.”
Madden: Steve Madden generated roughly $500,000 in its first year
“I probably did I don't know, 500,000.”
Madden says Wolf of Wall Street scene depicting his speech is accurate
“So that scene. With me talking in front of the, it was very accurate.”