Firestone Tire and Rubber Company
6 statements across 1 episodes · 1 bullish · 2 bearish · 1 people on the record · first statement Jun 3, 2025 by Shane Parrish · said 61 times in 3 episodes since 2025 · across every show →
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Everything said about Firestone Tire and Rubber Company, oldest first
Jun 3, 2025 negative
Firestone realized his entire sales force was unnecessary during 1919's boom
“Harvey later realized they would have shown as startling an increase had we abolished our whole sales force, closed all our branches and dealers, and just sent out our tires and freight cars to be thrown off on sidings and taken away by clamoring buyers.”
Jun 3, 2025
Sustainable price cuts require manufacturing process improvements, not margin sacrifice
“There is no real profit in high prices because high prices automatically cut down volume. But the only possible way to lower prices and still keep business is to save in the cost of manufacturing by improved processes.”
Jun 3, 2025 bearish
Jun 3, 2025
Jun 3, 2025 positive
Jun 3, 2025
By 1938, Firestone controlled 25% of US tire market with $156M+ sales
“Harvey stepped down as president in 1932, turning over operations to his son while remaining chairman until his death in 1938. By then, the company he'd started with 12 employees commanded 25% of the entire U.S. Tire market, with sales exceeding a hundred and …”