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[interviewer] So tell me what
you know about Steve Madden,
the actual guy.
4
00:00:23,291 --> 00:00:26,127
I didn't even think
Steve Madden was
a real guy. [laughs]
5
00:00:26,160 --> 00:00:27,661
I just thought
it was like a brand.
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00:00:30,831 --> 00:00:33,601
[reporter] Shoe salesman
to fashion mogul,
7
00:00:33,634 --> 00:00:35,469
Steve Madden is
one of the biggest names
seriously in the game.
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00:00:35,503 --> 00:00:36,370
[reporter] Without a doubt.
9
00:00:41,442 --> 00:00:44,178
[reporter] With 310 stores in
76 countries,
10
00:00:44,212 --> 00:00:48,582
his his public company
is a significant player
in the fashion business.
11
00:00:48,616 --> 00:00:52,653
I know probably--
nothing actually.
12
00:00:52,686 --> 00:00:55,789
We take a look at a thriving
publicly traded company,
13
00:00:55,823 --> 00:00:57,858
and the guy behind it all
one of the bluntest,
14
00:00:57,891 --> 00:01:00,628
least likely CEO's
you're ever gonna meet.
15
00:01:00,661 --> 00:01:03,631
Maybe it's like two guys
last names put together.
I don't know.
16
00:01:03,664 --> 00:01:05,733
Is he from Europe possibly?
17
00:01:07,668 --> 00:01:09,837
[reporter]
Shoemaker Steve Madden
was arrested on charges of
18
00:01:09,870 --> 00:01:11,839
money laundering
and securities fraud.
19
00:01:11,872 --> 00:01:14,708
[reporter] Steve Madden been
running for the last--
20
00:01:14,742 --> 00:01:17,111
almost 50 months
out of a prison cell.
21
00:01:19,913 --> 00:01:22,516
Is he a "he"?
Maybe he's a "she".
22
00:01:22,550 --> 00:01:25,453
He could be gay,
but that's all right.
23
00:01:25,486 --> 00:01:26,587
Little bit awkward.
24
00:01:26,620 --> 00:01:28,389
Definitely has some sass.
25
00:01:28,422 --> 00:01:30,391
Maybe like white hair,
but a cool white.
26
00:01:30,424 --> 00:01:33,861
Mustache. Dark hair.
I don't know.
27
00:01:33,894 --> 00:01:36,830
Maybe close to 40.
28
00:01:39,533 --> 00:01:42,270
[reporter] The shoe is on the
other foot for Steve Madden
29
00:01:42,303 --> 00:01:45,206
which just released their
third quarter earnings
that blew away estimates,
30
00:01:45,239 --> 00:01:47,441
and they say,
"You know what?
We'll do it again."
31
00:01:47,475 --> 00:01:52,913
I know he was in that movie
with Leonardo DiCaprio
and Jonah Hill.
32
00:01:52,946 --> 00:01:54,315
Wolf of Wall Street".
33
00:01:54,348 --> 00:01:55,716
Steve Madden.
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00:01:55,749 --> 00:01:57,485
[off screen laughs]
Steve Madden.
35
00:01:57,951 --> 00:01:59,387
Steve.
36
00:01:59,420 --> 00:02:01,222
-Steve.
-Um.
37
00:02:01,255 --> 00:02:02,256
No, I don't know.
38
00:02:02,290 --> 00:02:03,524
I don't really know. [laughs]
39
00:02:03,557 --> 00:02:06,260
We don't know
anything about him.
40
00:02:06,294 --> 00:02:08,529
Right. Who the fuck
is Steve Madden?
41
00:02:08,562 --> 00:02:10,731
I ask myself
that question everyday.
42
00:02:10,764 --> 00:02:12,733
How did my brother do this?
43
00:02:29,583 --> 00:02:33,387
You know,
they call me a shoe mogul,
so it's funny.
44
00:02:33,421 --> 00:02:34,922
It's kind of an illusion,
the whole thing,
45
00:02:34,955 --> 00:02:37,625
and it's just like-
this is what I have.
46
00:02:37,658 --> 00:02:41,195
I didn't set out to do this.
47
00:02:41,229 --> 00:02:43,864
And to this day,
I struggle with that, you know?
48
00:02:43,897 --> 00:02:46,400
I think, "What am I?
49
00:02:46,434 --> 00:02:49,537
Am I just a great
hustler and entrepreneur?
50
00:02:49,570 --> 00:02:51,772
I mean, am I
a great businessman?
51
00:02:51,805 --> 00:02:53,907
Am I a designer?
Am I an artist?"
52
00:02:55,243 --> 00:02:56,244
I still don't know.
53
00:02:56,677 --> 00:02:58,346
[music plays]
54
00:03:07,988 --> 00:03:10,491
Let's start. Nancy!
55
00:03:10,524 --> 00:03:11,892
Get me Karla on the intercom.
56
00:03:11,925 --> 00:03:14,495
Yes. Hey, is Karla with you?
57
00:03:14,528 --> 00:03:16,864
Working at Steve
is like a 24/7 job.
58
00:03:16,897 --> 00:03:18,966
But I think if you're really
in the shoe business,
59
00:03:18,999 --> 00:03:20,668
then you never
turn off anyway.
60
00:03:20,701 --> 00:03:22,736
[Steve Madden] Can we just sell
this fucking shoe already?
61
00:03:22,770 --> 00:03:24,204
Get it done!
62
00:03:24,238 --> 00:03:30,978
It starts a lot of times
with spotting something,
a concept that he sees.
63
00:03:31,011 --> 00:03:32,613
[Karla Frieders]
If he's like I love that shoe.
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00:03:32,646 --> 00:03:34,715
I love it, I love it, I love it
if he's never seen it.
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00:03:34,748 --> 00:03:36,884
You know, I've actually
seen him say, like,
66
00:03:36,917 --> 00:03:38,452
"Let me buy you
a new pair of shoes,
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00:03:38,486 --> 00:03:40,254
and let me take
the one off of your foot."
68
00:03:40,288 --> 00:03:41,422
Always on the job, huh?
69
00:03:41,455 --> 00:03:44,024
Always.
Always on the grind.
70
00:03:44,057 --> 00:03:46,527
He'll come in
and he'll be excited about
something like that
71
00:03:46,560 --> 00:03:53,000
and start talking about it,
and suggest a last
or a material or a shape.
72
00:03:53,033 --> 00:03:54,735
We love this, right?
73
00:03:56,837 --> 00:03:58,706
We need lots of shoes
like this.
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00:03:58,739 --> 00:04:00,541
Let's switch it to two colors.
75
00:04:00,574 --> 00:04:01,575
A black and a gold?
76
00:04:03,577 --> 00:04:08,282
And then we try
to take that idea
and make it a reality.
77
00:04:08,316 --> 00:04:10,351
You know,
it's speed and product.
78
00:04:10,384 --> 00:04:13,521
It's how quickly we can get
something made profitably
79
00:04:13,554 --> 00:04:15,689
and get out to our stores
as quickly as possible.
80
00:04:15,723 --> 00:04:16,857
That's where
you feel the energy.
81
00:04:20,361 --> 00:04:21,729
Is that--?
I don't think that--
82
00:04:21,762 --> 00:04:23,597
I'm making the two tones
no matter what you say,
83
00:04:23,631 --> 00:04:25,499
so, tough shit.
84
00:04:25,533 --> 00:04:30,738
It's a remarkable thing
to be able to build
right in your own office.
85
00:04:32,340 --> 00:04:33,974
I really don't like
the two tone there.
86
00:04:34,007 --> 00:04:35,609
I just don't know
how she wears it.
87
00:04:35,643 --> 00:04:36,677
It's too much shoe.
88
00:04:36,710 --> 00:04:38,379
If we see something
not working,
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00:04:38,412 --> 00:04:40,681
we're capable of
changing it around quickly.
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00:04:44,017 --> 00:04:46,320
Within three or four hours,
the shoe is done.
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00:04:46,354 --> 00:04:50,624
Somebody's taking it
right to a store
and putting it on a shelf
92
00:04:50,658 --> 00:04:52,560
We want to see
the finished product
in the stores,
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00:04:52,593 --> 00:04:54,895
who's buying it?
"Oh, look, that girl's
trying it on.
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00:04:54,928 --> 00:04:56,364
Who is that?
How old is she?
95
00:04:56,397 --> 00:04:58,399
What do you think?"
And you want to listen
to what she's saying.
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00:04:58,432 --> 00:05:01,034
We like sit there
and analyze, analyze, analyze.
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00:05:01,068 --> 00:05:06,407
If we can sell this 8 of 12
on a Saturday in downtown Soho,
we know we have a winner.
98
00:05:06,440 --> 00:05:08,842
When we get something out there
that doesn't hit the mark,
99
00:05:08,876 --> 00:05:10,578
it costs us a lot of money.
100
00:05:10,611 --> 00:05:12,380
Does that make
any sense to anybody?
101
00:05:12,413 --> 00:05:13,647
I don't understand that!
102
00:05:13,681 --> 00:05:15,883
Right! Wait!
No one move a muscle.
103
00:05:18,118 --> 00:05:20,521
Tell Rob
to get his ass in here.
104
00:05:21,389 --> 00:05:22,623
[phone dialing]
105
00:05:44,912 --> 00:05:46,046
So what happened?
106
00:05:47,114 --> 00:05:48,616
We had one bad shoe.
107
00:05:50,150 --> 00:05:51,118
What shoe is that?
108
00:05:54,588 --> 00:05:55,623
Jesus.
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00:05:55,656 --> 00:06:00,861
That is so bad
that it makes me
physically ill.
110
00:06:00,894 --> 00:06:02,730
Did you ever see anything
worse in your life?
111
00:06:02,763 --> 00:06:04,097
What the fuck is that?
112
00:06:05,733 --> 00:06:07,501
Fuck the camera,
listen to me.
113
00:06:07,535 --> 00:06:09,737
It's just like you went
into the shoe business
six months ago,
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00:06:10,203 --> 00:06:11,472
I swear to god.
115
00:06:11,505 --> 00:06:12,606
I'm like watching you,
116
00:06:12,640 --> 00:06:14,475
did you just like enter
into an internship program?
117
00:06:14,508 --> 00:06:16,143
I'm trying to learn.
118
00:06:16,176 --> 00:06:18,111
What are you learning?
They're fucking six dollars
a foot leather.
119
00:06:18,145 --> 00:06:19,847
-How did I know that?
-What is there to fucking lea
120
00:06:19,880 --> 00:06:21,348
Jesus.
121
00:06:21,381 --> 00:06:23,684
How would I know that?
You had them in the store $149.
I didn't know--
122
00:06:23,717 --> 00:06:27,788
I mean, it's unbelievable,
I mean, it's-- we--
you know it's--
123
00:06:29,056 --> 00:06:30,458
What are you
looking at me for?
124
00:06:30,491 --> 00:06:31,625
Wait, wait, wait, wait, wait.
125
00:06:31,659 --> 00:06:33,060
[Rob Schmertz]
What? Say it, John.
126
00:06:33,093 --> 00:06:34,795
I mean you blame me
that I don't confirm
anything--
127
00:06:34,828 --> 00:06:37,431
face for? I mean you blame me
that I don't confirm anything--
128
00:06:37,465 --> 00:06:38,999
Did that happen
or it didn't happen?
129
00:06:39,032 --> 00:06:40,200
John, you also know--
130
00:06:40,233 --> 00:06:41,368
We're just behind
the eight ball everywhere.
131
00:06:41,401 --> 00:06:44,805
Because I do think that
that is the shoe of the year.
132
00:06:44,838 --> 00:06:47,475
What? I think
we're getting confused here.
133
00:06:47,508 --> 00:06:50,778
The colors outside
of the gold are dogshit.
134
00:06:50,811 --> 00:06:52,780
So if you want to do
something about it,
do something about it.
135
00:06:53,614 --> 00:06:54,815
-Rob?
-I hear you.
136
00:06:54,848 --> 00:06:55,849
You can do it.
137
00:06:57,184 --> 00:06:59,019
[Rachelle Watts]
It's really tough,
138
00:06:59,052 --> 00:07:01,154
and then eventually
you get over it
and you realize
139
00:07:01,188 --> 00:07:05,493
it's because he still
gives a shit so much,
you know?
140
00:07:05,526 --> 00:07:06,827
And so do we.
141
00:07:08,796 --> 00:07:10,564
Fuck it, it is what it is
142
00:07:10,598 --> 00:07:12,700
Gotta go back to work
the next day.
143
00:07:12,733 --> 00:07:13,701
[music plays]
144
00:07:13,734 --> 00:07:15,503
[Indistinct chatter]
145
00:07:34,221 --> 00:07:35,723
Am I still mic'd?
146
00:07:35,756 --> 00:07:36,824
[interviewer]
Yeah, you're good to go.
147
00:07:38,626 --> 00:07:41,529
Yeah, this is the kids.
So cute.
148
00:07:41,562 --> 00:07:42,996
They're so fucking cute.
149
00:07:44,565 --> 00:07:46,767
Here it is.
That's the house I grew up in.
150
00:07:48,035 --> 00:07:49,570
We were in the neighborhood
and I said,
151
00:07:49,603 --> 00:07:51,572
do you want to see where
Daddy was born?
152
00:07:51,605 --> 00:07:53,641
They're always
asking questions
about that stuff.
153
00:07:54,808 --> 00:07:57,177
Can you get that?
Isn't that awesome?
154
00:07:58,211 --> 00:07:59,913
[slide turning noise]
155
00:08:05,753 --> 00:08:09,056
Steve as a kid
was kind of bratty.
156
00:08:09,089 --> 00:08:10,724
Oh, I had that
lovely hair.
157
00:08:10,758 --> 00:08:11,992
And obnoxious.
158
00:08:12,025 --> 00:08:15,028
Flowing locks
of blondish red hair.
159
00:08:15,062 --> 00:08:17,898
It didn't look
like it does now.
That's for sure.
160
00:08:20,233 --> 00:08:22,870
I grew up in Cedarhurst,
Long Island.
161
00:08:22,903 --> 00:08:25,105
You know,
in my neighborhood
it was mostly Jewish folks.
162
00:08:25,138 --> 00:08:29,943
I was really
the only half-Jewish guy
that I knew.
163
00:08:29,977 --> 00:08:32,746
Steve was one of
the first kids I met when I
moved to the neighborhood.
164
00:08:32,780 --> 00:08:35,048
And then the same
group of kids that we met, we--
165
00:08:35,082 --> 00:08:36,784
it was the same group of kids
we were friends with
166
00:08:36,817 --> 00:08:40,020
all the way
through middle school,
high school, and after.
167
00:08:42,122 --> 00:08:43,557
[school bell ringing]
168
00:08:44,958 --> 00:08:46,927
I was a bit of
a pain in the ass.
169
00:08:46,960 --> 00:08:49,162
You know, I was
an annoying kid.
170
00:08:49,196 --> 00:08:51,331
He antagonized.
171
00:08:51,364 --> 00:08:53,634
I'd come into town,
he'd be in high school.
172
00:08:53,667 --> 00:08:54,534
We'd go out and play golf.
173
00:08:54,568 --> 00:08:56,837
The guys in front of us
were too slow,
174
00:08:56,870 --> 00:08:58,205
he'd just hit the ball at them.
175
00:08:58,238 --> 00:08:59,840
And they start
screaming at him,
176
00:08:59,873 --> 00:09:02,275
and he'd scream back at them.
177
00:09:02,309 --> 00:09:06,680
You know, I was told
I was a fuck up
and I was acting that out.
178
00:09:06,714 --> 00:09:11,819
But I knew that
I had a sort of a-
an artistic spirit, for sure.
179
00:09:11,852 --> 00:09:13,921
But you know,
I didn't really understand it.
180
00:09:16,256 --> 00:09:17,958
With two parents
from the depression,
181
00:09:17,991 --> 00:09:19,893
they talked about it
all the time.
182
00:09:19,927 --> 00:09:21,995
I was brought up with
the fear of being broke,
183
00:09:22,029 --> 00:09:23,864
you know, we could lose
all our money--
184
00:09:23,897 --> 00:09:26,166
it was very prevalent
in our house.
185
00:09:26,199 --> 00:09:27,968
My father beat it
into me, you know,
186
00:09:28,001 --> 00:09:31,371
"It's all about being
successful in business,
187
00:09:31,404 --> 00:09:34,675
and you know,
the winners are
the entrepreneurs."
188
00:09:34,708 --> 00:09:39,112
To my family,
being creative was being able
to fix a television set.
189
00:09:39,146 --> 00:09:41,849
The sort of
bias against creativity,
190
00:09:41,882 --> 00:09:43,817
especially in my house.
191
00:09:43,851 --> 00:09:48,221
Just wasn't nurtured,
you know, or anything?
192
00:09:48,255 --> 00:09:52,292
It was always like,
you shouldn't even
go down that road.
193
00:09:52,325 --> 00:09:54,895
They thought
it was all about
hard work, you know?
194
00:09:58,999 --> 00:10:00,267
So in an effort
to straighten me out,
195
00:10:00,300 --> 00:10:02,870
my dad said
I had to go to work.
196
00:10:02,903 --> 00:10:07,140
So I got a job
at a shoe store called Toulouse
and worked in the basement.
197
00:10:07,174 --> 00:10:11,044
It was such a
creative time in the shoe
business when I started.
198
00:10:11,078 --> 00:10:14,815
Fashion explosion
were platform shoes.
199
00:10:14,848 --> 00:10:16,316
[music plays]
200
00:10:18,018 --> 00:10:20,253
It was the early 70s,
201
00:10:20,287 --> 00:10:23,757
there was this whole
kind of androgynous,
202
00:10:23,791 --> 00:10:27,160
bisexual sort of thing
that was happening.
203
00:10:28,762 --> 00:10:31,699
It was from England.
They called it Glam rock.
204
00:10:34,334 --> 00:10:37,137
Actually it was men that
inspired the platform movement,
205
00:10:37,170 --> 00:10:38,405
more than the women.
206
00:10:40,040 --> 00:10:41,208
I love them,
they were great.
207
00:10:41,241 --> 00:10:42,743
They were like theatrical.
208
00:10:42,776 --> 00:10:44,277
And I would try them on
in the basement,
209
00:10:44,311 --> 00:10:45,913
and I wanted to see
what it was like.
210
00:10:45,946 --> 00:10:51,685
It was like, "Whoa!
Ya know, Shoes!
Holy smokes."
211
00:10:51,719 --> 00:10:54,822
I worked for a shoe store,
but that it was
in that kind of thing,
212
00:10:54,855 --> 00:10:55,923
that's where I come from.
213
00:10:59,359 --> 00:11:01,361
I wanted to get up on the floor
and sell shoes.
214
00:11:02,763 --> 00:11:05,165
I just made my way up there.
I didn't ask
215
00:11:05,198 --> 00:11:07,400
And they were forced
to keep me up there,
216
00:11:07,434 --> 00:11:09,236
I was a good seller.
217
00:11:09,269 --> 00:11:10,838
A girl would come
and you would help
pick the shoes
218
00:11:10,871 --> 00:11:12,906
shoes that this girl
would wear everyday.
219
00:11:12,940 --> 00:11:15,876
You were part of
designing their lifestyle
and their wardrobe.
220
00:11:15,909 --> 00:11:17,410
Totally got a rush out of it.
221
00:11:17,444 --> 00:11:19,446
And I got obsessed with shoes.
222
00:11:19,479 --> 00:11:22,215
Trying to figure out
why something became big--
223
00:11:22,249 --> 00:11:24,952
like why
something became popular.
224
00:11:24,985 --> 00:11:28,088
I realized you could bring
some creativity to the
business side of things.
225
00:11:29,890 --> 00:11:32,459
You know,
so I found something
I was really good at,
226
00:11:32,492 --> 00:11:34,962
and then I had to let it go
because I had to go to college.
227
00:11:36,029 --> 00:11:39,199
As he got into college
and he got into,
228
00:11:39,232 --> 00:11:43,370
let's say
his-- 19/20 years old,
and I was 30 years old.
229
00:11:44,938 --> 00:11:46,406
We started hanging out
a little together
230
00:11:46,439 --> 00:11:48,241
because he went
to University of Miami.
231
00:11:49,977 --> 00:11:51,845
And I was living
in Coconut Grove.
232
00:11:53,380 --> 00:11:55,348
[Steve] Where I was from
you had to go to college.
233
00:11:55,382 --> 00:11:57,350
Everybody went to college,
234
00:11:57,384 --> 00:11:59,052
but I was a disaster there.
235
00:11:59,086 --> 00:12:02,389
While in--
if you were in Florida,
236
00:12:02,422 --> 00:12:04,124
it was the craziest of crazy.
237
00:12:04,157 --> 00:12:07,895
You know, it was--
it was amazing.
238
00:12:07,928 --> 00:12:10,463
We started hanging out together
went to clubs together.
239
00:12:10,497 --> 00:12:13,433
I used to visit
him on Christmas vacations for
college.
240
00:12:15,168 --> 00:12:17,037
[interviewer] What was
Steve like at that time?
241
00:12:17,070 --> 00:12:18,138
Stoned.
242
00:12:18,171 --> 00:12:19,239
[interviewer] All the time?
243
00:12:19,272 --> 00:12:20,173
A lot.
244
00:12:22,910 --> 00:12:24,111
I was having
the time of something.
245
00:12:25,278 --> 00:12:28,248
It was pre-AIDS.
246
00:12:28,281 --> 00:12:30,017
Drugs everywhere.
247
00:12:30,050 --> 00:12:32,152
Jewelry was a
cocaine spoon.
248
00:12:32,185 --> 00:12:35,222
[John Madden] I had a few
kind of wild girls.
249
00:12:35,255 --> 00:12:37,224
Being a married guy,
I would still
go out every night.
250
00:12:37,257 --> 00:12:39,827
Meet a girl and...
251
00:12:39,860 --> 00:12:41,561
[interviewer] You would
meet a girl and do what?
252
00:12:41,594 --> 00:12:44,264
I don't think we should
get into that-- that story.
253
00:12:44,297 --> 00:12:46,566
But you've seen porn, right?
254
00:12:46,599 --> 00:12:47,968
You've seen DPs.
255
00:12:50,070 --> 00:12:51,972
We had some good times.
256
00:12:53,907 --> 00:12:55,809
My father said
I was fucking around.
257
00:12:55,843 --> 00:12:57,811
I was fucking around.
He wouldn't tolerate it
258
00:12:57,845 --> 00:12:59,112
He yanked my ass
right out of school.
259
00:13:03,083 --> 00:13:05,886
It occurred to me
with my attention
deficit disorder,
260
00:13:05,919 --> 00:13:07,387
no one knew about that stuff.
261
00:13:07,420 --> 00:13:08,822
[interviewer] Instead of ADD
you would just say--
262
00:13:08,856 --> 00:13:11,591
Well, you were lazy
or cognitively indolent.
263
00:13:11,624 --> 00:13:14,261
I mean, sloppy.
264
00:13:14,294 --> 00:13:17,831
You know, they didn't know
it had to do with some sort
of learning disorder.
265
00:13:17,865 --> 00:13:18,631
[interviewer] Right.
266
00:13:18,665 --> 00:13:20,433
And I was very smart
in some ways
267
00:13:20,467 --> 00:13:23,103
and very spaced out
in some ways, you know?
268
00:13:23,136 --> 00:13:24,872
It's hard to square it.
269
00:13:24,905 --> 00:13:27,040
It really hit me
when I went to college.
270
00:13:27,074 --> 00:13:31,144
What happens is
you ultimately self-medicate
and that's much more dangerous.
271
00:13:31,178 --> 00:13:34,948
I think a lot of people
with ADD are prone to,
272
00:13:34,982 --> 00:13:36,850
you know, substance abuse.
273
00:13:40,053 --> 00:13:41,955
So I went back home,
274
00:13:41,989 --> 00:13:43,957
shoe horn
sticking out of my pocket,
275
00:13:43,991 --> 00:13:45,225
back on the floor.
276
00:13:46,960 --> 00:13:48,561
This was it, this is where
I learned the shoe business,
277
00:13:49,329 --> 00:13:50,197
Jildor.
278
00:13:53,500 --> 00:13:58,071
It's the store
that was founded by this guy
Jack Bienenfeld,
279
00:13:58,105 --> 00:14:00,373
and he was one
of the greatest men
I ever knew.
280
00:14:00,407 --> 00:14:03,410
Just the way
he ran his business,
281
00:14:03,443 --> 00:14:05,212
the principles that he had.
282
00:14:05,245 --> 00:14:07,347
They were so unbelievable.
283
00:14:07,380 --> 00:14:08,615
[interviewer] Do you remember
your way around here?
284
00:14:08,648 --> 00:14:10,050
[Steve] I do, of course.
285
00:14:10,083 --> 00:14:11,218
[interviewer] Lead the way.
[laughs]
286
00:14:11,251 --> 00:14:12,252
Yes.
287
00:14:12,285 --> 00:14:15,588
My fundamentals today
were from those two years
288
00:14:15,622 --> 00:14:17,958
working on a stool
289
00:14:17,991 --> 00:14:20,560
dealing with these
hysterical Jewish women
from Long Island.
290
00:14:21,194 --> 00:14:22,595
Oi yoi yoi.
291
00:14:22,629 --> 00:14:24,264
We used to have a term at 34.
292
00:14:24,297 --> 00:14:26,033
Style 34 was a bad--
293
00:14:26,066 --> 00:14:29,169
like a customer
that was like impossible,
you know?
294
00:14:29,202 --> 00:14:32,305
So you'd say,
"Show us--", you'd say,
295
00:14:32,339 --> 00:14:34,041
"Show us style 34".
296
00:14:34,074 --> 00:14:37,344
That means you knew
that she was bad,
don't waste your time.
297
00:14:37,377 --> 00:14:39,246
There were a lot of tricks
that we used though,
298
00:14:39,279 --> 00:14:41,214
you could put
a tongue pad in a shoe.
299
00:14:41,248 --> 00:14:44,317
Here they're stretching
the foot of the boot.
300
00:14:44,351 --> 00:14:45,953
[laughs]
301
00:14:45,986 --> 00:14:48,021
They're stretching it.
302
00:14:48,055 --> 00:14:51,524
Shoe stores don't have
this stuff anymore.
303
00:14:51,558 --> 00:14:54,561
I only made it
to this office
when I was in trouble.
304
00:14:54,594 --> 00:14:57,264
So there was a woman,
I sold her a pair of shoes,
305
00:14:57,297 --> 00:14:59,466
and I put like four pads
in it to make it fit.
306
00:14:59,499 --> 00:15:01,568
Like, you're really only
supposed to put one pad in it.
307
00:15:01,601 --> 00:15:04,237
If you have to put
four or five pads,
it's not her size.
308
00:15:04,271 --> 00:15:07,040
She returned the shoe
like two weeks later,
309
00:15:07,074 --> 00:15:09,009
so Jack calls me up
to his office, he goes--
310
00:15:09,042 --> 00:15:12,145
he holds me up the shoes,
pads hanging from it.
311
00:15:12,179 --> 00:15:14,247
"We don't sell
shoes like this here."
312
00:15:16,183 --> 00:15:17,584
It's just combat pay, man.
313
00:15:17,617 --> 00:15:20,053
I mean, you really learn
how to sell.
314
00:15:20,087 --> 00:15:23,056
I see people
working hard at retail today,
315
00:15:23,090 --> 00:15:25,525
and I know
it's the hardest work.
316
00:15:25,558 --> 00:15:29,963
It's so fucking hard.
I really tip my hat to them.
317
00:15:29,997 --> 00:15:32,265
So you know
what's really cool?
The velvet ones.
318
00:15:34,734 --> 00:15:36,369
Do you have the velvet too?
319
00:15:36,403 --> 00:15:37,971
I like the velvet.
I'm really into that.
320
00:15:38,005 --> 00:15:39,139
[customer] Do you
want to do the velvet?
321
00:15:39,172 --> 00:15:40,507
Well, I just
want you to see it.
322
00:15:41,608 --> 00:15:42,609
I like the velvet one.
323
00:15:42,642 --> 00:15:43,676
That's my favorite shoe.
324
00:15:43,710 --> 00:15:44,744
He's a good salesman.
325
00:15:44,777 --> 00:15:46,379
I am. I used to work here.
326
00:15:46,413 --> 00:15:48,215
-Oh, really?
-Long time ago, yeah.
327
00:15:48,248 --> 00:15:50,683
Get them the shoes, will ya?
Before they walk out.
328
00:15:50,717 --> 00:15:52,519
I dig it.
I like that a lot.
329
00:15:52,552 --> 00:15:55,055
And also
this is cute too for her.
330
00:15:55,088 --> 00:15:56,323
She may not be
ready for that.
331
00:15:59,059 --> 00:16:00,460
All the guys my age
332
00:16:00,493 --> 00:16:04,164
were going into the city
and, you know,
333
00:16:04,197 --> 00:16:05,565
working in the
garment center
334
00:16:05,598 --> 00:16:09,602
or working stock brokers
or whatever, and you know...
335
00:16:09,636 --> 00:16:11,038
getting on the railroad.
336
00:16:11,071 --> 00:16:12,305
It was like a-- you know,
337
00:16:12,339 --> 00:16:15,375
and here I was
in the town like--
you know--
338
00:16:15,408 --> 00:16:17,544
stuck in the town.
339
00:16:17,577 --> 00:16:19,646
But anyway, it was time
to get into the city.
340
00:16:20,447 --> 00:16:21,614
I was ready.
341
00:16:21,648 --> 00:16:23,150
[music plays]
342
00:16:25,085 --> 00:16:27,687
I got this great job,
a great opportunity
at L.J. Simone.
343
00:16:27,720 --> 00:16:29,289
It was a tiny little company.
344
00:16:29,322 --> 00:16:32,159
I got to do every job
in the shoe business,
345
00:16:32,192 --> 00:16:36,096
from shipping shoes
to designing shoes
346
00:16:36,129 --> 00:16:38,165
to selling shoes, obviously.
347
00:16:38,198 --> 00:16:39,299
It was a great experience.
348
00:16:40,600 --> 00:16:42,035
So I moved to the city,
349
00:16:42,069 --> 00:16:45,372
and you know, it was everything
I thought it would be,
blew my mind.
350
00:16:45,405 --> 00:16:49,109
Just blown away
by this wave of energy,
351
00:16:50,777 --> 00:16:54,647
and the Village was where
I belonged my whole life.
352
00:16:54,681 --> 00:16:56,449
You know,
everybody's a bit demented,
353
00:16:57,617 --> 00:17:01,121
everybody's a bit demented, you
354
00:17:06,426 --> 00:17:08,295
These are my friends.
355
00:17:08,328 --> 00:17:12,565
That's Alan Smith.
That's Brian Frank
and that's Danny Porush.
356
00:17:12,599 --> 00:17:14,134
Look at that hair.
357
00:17:15,402 --> 00:17:17,170
Strawberry blonde hair.
358
00:17:17,204 --> 00:17:18,271
Go to the clubs, get high.
359
00:17:19,106 --> 00:17:22,075
Go try and find girls.
360
00:17:22,109 --> 00:17:23,210
get high.
Go try and find girls.
361
00:17:25,678 --> 00:17:27,180
[Steve]
Club scene was going
362
00:17:27,214 --> 00:17:29,749
and I think it was
post Studio 54.
363
00:17:29,782 --> 00:17:33,220
It was an amazing time,
it was the early 80's.
364
00:17:33,253 --> 00:17:37,124
I would work like crazy,
and then get blasted.
365
00:17:37,157 --> 00:17:40,127
Lot of cocaine.
Cocaine was a terrible drug.
366
00:17:40,160 --> 00:17:42,429
Ooh...
367
00:17:42,462 --> 00:17:45,865
All this stuff
and you just grind
your teeth and sweat
368
00:17:45,898 --> 00:17:47,634
and keep taking more,
369
00:17:47,667 --> 00:17:49,836
and you know,
it lead me to
other things too.
370
00:17:49,869 --> 00:17:53,640
I think our crew
was more Quaaluded
than cocaine.
371
00:17:53,673 --> 00:17:55,508
Let's talk about a Quaalude
for a second.
372
00:17:58,545 --> 00:18:01,414
When you first took it,
you got this tingle
all over your body
373
00:18:01,448 --> 00:18:02,349
and you instantly
374
00:18:02,382 --> 00:18:04,584
loved everybody.
375
00:18:04,617 --> 00:18:08,221
It was really nothing
I've ever experienced--
anything like it in my life.
376
00:18:09,656 --> 00:18:11,624
And some of us
got in trouble with it,
377
00:18:11,658 --> 00:18:13,260
and I got in trouble with it.
378
00:18:13,293 --> 00:18:15,195
I was a doorman
at his building,
379
00:18:15,228 --> 00:18:20,767
I used to do the night shift
from 12pm to 8am
in the morning,
380
00:18:20,800 --> 00:18:22,335
and one morning I met him.
381
00:18:23,270 --> 00:18:24,871
But he was naked.
382
00:18:24,904 --> 00:18:26,773
[Tommy Kane]
He used to be like wild druggy
383
00:18:26,806 --> 00:18:28,575
doing like
Quaaludes and coke and stuff.
384
00:18:28,608 --> 00:18:29,776
And he told me one time
385
00:18:29,809 --> 00:18:32,779
he was so high on Quaaludes
that went he went to sleep,
386
00:18:32,812 --> 00:18:34,514
he had woken up--
387
00:18:34,547 --> 00:18:36,316
but he wasn't in his bed,
388
00:18:36,349 --> 00:18:38,218
he had woken up
and he was nude
in the hallway.
389
00:18:38,251 --> 00:18:39,919
For some reason
he got locked out.
390
00:18:39,952 --> 00:18:41,788
[Tommy]
And he didn't know what
to do, so he just-- he went,
391
00:18:41,821 --> 00:18:43,823
he pushed the elevator,
went down to the lobby.
392
00:18:43,856 --> 00:18:46,793
Just held his little thing,
walked up and said,
393
00:18:46,826 --> 00:18:48,328
"I need the key to the room."
394
00:18:48,361 --> 00:18:49,929
[laughs]
395
00:18:49,962 --> 00:18:51,831
So I had to go get
the master key and open it.
396
00:18:51,864 --> 00:18:53,600
Yeah.
397
00:18:53,633 --> 00:18:55,768
And I was always like,
that's the guy
I want to hang out with.
398
00:18:55,802 --> 00:19:00,173
Hello! This is Howard Cosell
talking about Brian Frank.
399
00:19:00,207 --> 00:19:02,442
Can't see a goddamn thing
that thing is in my eyes.
400
00:19:03,443 --> 00:19:05,412
I've known Brian
20 years,
401
00:19:05,445 --> 00:19:07,447
he was louse then,
he's a louse now.
402
00:19:10,917 --> 00:19:13,320
[Brian Frank]
He was uncontrollably high.
403
00:19:13,353 --> 00:19:16,823
He'd fall on his face.
He'd facing down
a lot of places.
404
00:19:16,856 --> 00:19:20,593
Magnanimous friends.
Smoke in my face.
405
00:19:20,627 --> 00:19:23,696
[Eddie Lama]
His zeal for things
has been his success,
406
00:19:23,730 --> 00:19:25,465
but also his downfall.
407
00:19:25,498 --> 00:19:27,934
Because he went
with that same zeal
408
00:19:27,967 --> 00:19:29,536
to drugs and alcohol.
409
00:19:29,569 --> 00:19:33,706
So he was-- he wasn't like
a weekend warrior, you know?
410
00:19:34,707 --> 00:19:36,609
That wasn't it.
411
00:19:36,643 --> 00:19:38,645
He was full-time barbarian.
412
00:19:43,416 --> 00:19:47,420
[Brian] And then Steve just
kind of slipped and couldn't
get his legs under him.
413
00:19:49,889 --> 00:19:51,524
[David Cristobal]
He used to be out really late.
414
00:19:51,558 --> 00:19:55,262
Nice girls, nice girls
used to go up to his room.
415
00:19:55,295 --> 00:19:57,230
One day I think he was so high,
416
00:19:57,264 --> 00:20:00,967
he passed out
and then the girl came down.
417
00:20:02,402 --> 00:20:03,903
"He's dead! He's dead!"
418
00:20:03,936 --> 00:20:05,405
[siren wailing]
419
00:20:06,005 --> 00:20:07,407
Crazy, those days.
420
00:20:08,475 --> 00:20:10,343
[Steve]
I had like five DWI's.
421
00:20:10,977 --> 00:20:12,445
And I lost my license.
422
00:20:14,481 --> 00:20:16,749
We can help him.
This is bigger than us.
423
00:20:20,287 --> 00:20:21,688
[interviewer] Was there
a specific point
that you realized
424
00:20:21,721 --> 00:20:22,789
that you were an addict?
425
00:20:26,493 --> 00:20:27,460
Well, I didn't--
426
00:20:32,365 --> 00:20:34,767
I sort of knew after a while.
427
00:20:41,308 --> 00:20:43,543
People used the word '"party".
428
00:20:43,576 --> 00:20:45,445
You know,
"your partying days."
429
00:20:45,478 --> 00:20:47,714
I didn't really
have much of a party.
430
00:20:47,747 --> 00:20:50,983
You know,
I was alone getting blasted,
431
00:20:51,017 --> 00:20:52,919
that was my party.
432
00:20:52,952 --> 00:20:54,587
That's where it took me,
you know?
433
00:20:56,556 --> 00:20:59,559
You get this substance
in your body
434
00:20:59,592 --> 00:21:00,993
and you can't stop doing it.
435
00:21:02,495 --> 00:21:03,663
And that's what it is.
436
00:21:03,696 --> 00:21:07,400
And there are other people
that have a drink or two or not
437
00:21:07,434 --> 00:21:09,001
or they don't think about it,
438
00:21:09,035 --> 00:21:11,504
and life goes on and--
439
00:21:11,538 --> 00:21:16,275
you know, but--
that's not the case for the
alcoholic/addict.
440
00:21:17,777 --> 00:21:19,612
Which is why
I had to get sober.
441
00:21:21,914 --> 00:21:24,484
You know
when you're miserable enough,
442
00:21:24,517 --> 00:21:26,486
you know
perhaps you can change.
443
00:21:35,862 --> 00:21:38,798
I used to go and hang out
with a lot of people
444
00:21:38,831 --> 00:21:40,567
with the same
kind of problem
445
00:21:40,600 --> 00:21:42,869
or disease or whatever,
you know--
446
00:21:42,902 --> 00:21:44,604
substance abuse--
whatever they call it.
447
00:21:46,473 --> 00:21:49,976
I think the drugs
and the alcohol
just diminished him
448
00:21:50,009 --> 00:21:51,411
as a person, you know?
449
00:21:51,444 --> 00:21:53,746
As a thinker,
as a personality,
450
00:21:53,780 --> 00:21:56,716
and his sobriety
suited him well.
451
00:21:57,984 --> 00:22:01,388
He really just took off,
452
00:22:01,421 --> 00:22:03,089
you know, as himself.
453
00:22:04,591 --> 00:22:06,493
Yeah, it was fresh.
454
00:22:06,526 --> 00:22:07,994
It was like being reborn.
455
00:22:08,027 --> 00:22:09,729
Your whole life changes,
you know?
456
00:22:17,604 --> 00:22:20,139
[Steve] I was ready
to do my own thing, you know?
457
00:22:20,172 --> 00:22:22,542
I worked for L.J. Simone
for eight years.
458
00:22:23,676 --> 00:22:25,612
I just, you know,
I quit one day
459
00:22:25,645 --> 00:22:28,080
and went to work
in my own business
460
00:22:28,114 --> 00:22:30,650
And I was like,
"What did I just do?"
461
00:22:30,683 --> 00:22:32,018
[laughs]
462
00:22:32,685 --> 00:22:34,621
"Am I crazy?"
463
00:22:34,654 --> 00:22:38,024
One morning
he saw me, you know,
getting in my car.
464
00:22:38,057 --> 00:22:40,059
He saw the red car
and he asked me,
465
00:22:40,092 --> 00:22:42,929
"Do you want
to work for me as a driver
during the day?"
466
00:22:45,031 --> 00:22:48,468
Um... "What the hell.
Let me go with Steve Madden."
467
00:22:50,069 --> 00:22:52,739
[Steve]
Put $1,100 dollars in the bank
and we started.
468
00:22:54,741 --> 00:22:57,577
I made the shoes,
and believe it or not,
it was in a little garage
469
00:22:57,610 --> 00:22:59,045
garage in the building
I'm at now.
470
00:23:00,079 --> 00:23:02,181
I would design and sell it.
471
00:23:02,214 --> 00:23:04,984
Nothing matters
until you sell it.
472
00:23:05,017 --> 00:23:07,454
And then I made
a little shoe
called the Marilyn.
473
00:23:07,487 --> 00:23:09,589
It was just a little slide
474
00:23:09,622 --> 00:23:13,860
and if you wore it under jeans
it looked like a boot,
but it really was backless.
475
00:23:13,893 --> 00:23:15,562
It was what they call a 'mule',
476
00:23:15,595 --> 00:23:17,930
closed toe open back shoe.
477
00:23:17,964 --> 00:23:21,167
Marilyn we used to sell
everywhere, everywhere.
478
00:23:24,103 --> 00:23:25,572
He liked country music.
479
00:23:27,173 --> 00:23:28,775
He used to sing in the car.
480
00:23:28,808 --> 00:23:30,743
When he was crazy
about one shoe
481
00:23:30,777 --> 00:23:32,845
he would put it
on the dashboard.
482
00:23:32,879 --> 00:23:35,047
Feel the shoe,
feel the leather,
483
00:23:35,081 --> 00:23:37,550
smell it, and he said,
484
00:23:37,584 --> 00:23:39,652
"This is going to be
a home run."
485
00:23:39,686 --> 00:23:41,187
I'm looking for inspiration.
486
00:23:41,220 --> 00:23:43,490
It's not so much
'the' pair of shoes,
487
00:23:43,523 --> 00:23:44,857
it's how they're wearing it.
488
00:23:44,891 --> 00:23:47,159
I can tell
if it's a hit or not.
489
00:23:47,193 --> 00:23:49,762
I can almost tell
by the way they walk
490
00:23:49,796 --> 00:23:51,230
how good it is.
491
00:23:51,263 --> 00:23:53,032
I sold to anybody I could.
492
00:23:53,065 --> 00:23:55,167
Shoe stores. Department stores.
493
00:23:55,201 --> 00:23:56,402
Clothing stores.
494
00:23:56,435 --> 00:23:59,739
I was really doing
everything out of
this little red car.
495
00:23:59,772 --> 00:24:01,541
Basically yeah,
that was our office.
496
00:24:05,144 --> 00:24:07,079
Cash flow is so important
in a business,
497
00:24:07,113 --> 00:24:09,616
I mean, even when
you're starting out.
498
00:24:09,649 --> 00:24:14,654
You know, you can't have
like 25 cents less
than what you need,
499
00:24:14,687 --> 00:24:15,888
and you have to manage that.
500
00:24:17,590 --> 00:24:19,526
I got this call from Danny.
501
00:24:19,559 --> 00:24:23,095
You know, he was
my childhood pal.
502
00:24:23,129 --> 00:24:26,699
Danny said we're looking for
companies to raise money for,
503
00:24:26,733 --> 00:24:30,036
like "Dude, we'll raise
the money you need
to build a business."
504
00:24:30,069 --> 00:24:32,004
I didn't really believe him.
505
00:24:32,038 --> 00:24:34,273
It was so far fetched.
506
00:24:34,306 --> 00:24:38,177
He said he's got this
genius behind this company
named Jordan.
507
00:24:38,210 --> 00:24:39,546
He's the mastermind.
508
00:24:39,579 --> 00:24:42,148
[reporter] Jordan Belfort.
509
00:24:42,181 --> 00:24:43,916
The wolf of Wall Street
510
00:24:43,950 --> 00:24:46,786
was a product
of the bull market
of the 90s.
511
00:24:46,819 --> 00:24:51,558
The times were ripe
for guys like Belfort
and Porsch.
512
00:24:53,025 --> 00:24:54,527
Early 90s,
513
00:24:55,194 --> 00:24:57,997
it was ra-ra Wall Street.
514
00:24:58,030 --> 00:25:00,567
Young people opening up
brokerage houses.
515
00:25:00,600 --> 00:25:04,671
What's come to be known
as this 'boiler room era'
516
00:25:04,704 --> 00:25:06,539
of stock brokerage houses.
517
00:25:06,573 --> 00:25:09,008
There's a lot of guys
with the phone calling
right now
518
00:25:09,041 --> 00:25:11,644
in a few months,
you could be making
a lot of money.
519
00:25:11,678 --> 00:25:15,047
[Steve] And Jordan
created this aura about it.
520
00:25:15,081 --> 00:25:18,184
His guys were just i
n awe of him.
521
00:25:18,217 --> 00:25:21,988
[reporter] He was able
to take industry outsiders,
high school dropouts
522
00:25:22,021 --> 00:25:25,892
and mere overnight,
turn them into million dollar
sales machines.
523
00:25:29,729 --> 00:25:31,297
[Alan Novich]
They were drinkers
and druggies,
524
00:25:31,330 --> 00:25:35,267
they really had this great
Long Island party lifestyle.
525
00:25:37,704 --> 00:25:41,107
And what these guys
presented to the entrepreneur
526
00:25:41,140 --> 00:25:43,175
was so intoxicating.
527
00:25:46,178 --> 00:25:48,815
See the Stratton guys
were like on yachts
528
00:25:48,848 --> 00:25:50,683
fucking whacked.
529
00:25:50,717 --> 00:25:52,785
And it was
the cult of Jordan.
530
00:25:52,819 --> 00:25:57,590
They certainly captured that
on the film,
"The Wolf of Wall Street."
531
00:25:57,624 --> 00:26:00,092
Nobody's ever done
what they did.
532
00:26:00,126 --> 00:26:02,261
The girls and the drugs.
533
00:26:02,294 --> 00:26:03,896
Sodom and Gomorrah.
534
00:26:03,930 --> 00:26:06,298
And all this money.
535
00:26:06,332 --> 00:26:08,134
Gym bags full of cash.
536
00:26:08,167 --> 00:26:10,670
Millions of dollars
getting passed
back and forth.
537
00:26:10,703 --> 00:26:15,241
[Steve] I mean
it was crazy lifestyle.
538
00:26:15,274 --> 00:26:17,910
And I was sober when
that was happening, watching.
539
00:26:20,747 --> 00:26:23,950
I never know
what was going on inside.
540
00:26:26,819 --> 00:26:28,287
If I knew I would go in, too.
541
00:26:28,320 --> 00:26:29,622
[laughs]
542
00:26:33,192 --> 00:26:35,027
[Steve]
I did what I had to do.
543
00:26:35,061 --> 00:26:36,629
We needed that liftoff.
544
00:26:36,663 --> 00:26:39,966
So we took the money
and we really did use it,
545
00:26:39,999 --> 00:26:42,134
and we built
a business with it.
546
00:26:44,403 --> 00:26:45,905
[music playing]
547
00:26:49,408 --> 00:26:50,943
[announcer] Steve Madden.
548
00:26:56,215 --> 00:26:57,349
Steve Madden.
549
00:26:58,284 --> 00:26:59,819
Hey, we're over here.
550
00:27:03,856 --> 00:27:07,960
This was my first store,
and those signs.
551
00:27:07,994 --> 00:27:09,962
It's one of my Village guys'.
552
00:27:09,996 --> 00:27:12,264
He painted them,
we put them on the
outside of the store.
553
00:27:12,298 --> 00:27:15,401
That shoe was the first shoe
I sold in this store.
554
00:27:15,434 --> 00:27:18,170
No one was down here, and--
555
00:27:18,204 --> 00:27:20,406
What did you guys
get at Topshop?
556
00:27:20,439 --> 00:27:22,408
Did you guys-- no shoes?
557
00:27:22,441 --> 00:27:23,442
-Clothes?
-Clothes.
558
00:27:23,475 --> 00:27:24,744
-We can here for shoes.
-Yeah.
559
00:27:24,777 --> 00:27:25,712
Oh, okay. Good.
560
00:27:27,479 --> 00:27:30,116
So I had the store in the front
and the office in the back,
561
00:27:30,149 --> 00:27:33,886
and I was trying to like,
get every nickel out of it.
562
00:27:33,920 --> 00:27:35,955
And I had it in my mind
that I wanted a store,
563
00:27:35,988 --> 00:27:37,356
I thought it would be
good for the brand,
564
00:27:38,858 --> 00:27:40,359
but I had no idea
what I was doing.
565
00:27:40,392 --> 00:27:43,062
When I started
it was just Steve and I.
566
00:27:43,095 --> 00:27:45,998
We sat across the desk
from each other.
567
00:27:46,032 --> 00:27:49,135
We had an office
the size of this room.
568
00:27:49,168 --> 00:27:52,171
I answered phones,
I did customer service.
569
00:27:52,204 --> 00:27:54,273
I was the only one
that did anything.
570
00:27:54,306 --> 00:27:56,442
You know,
with the billing
and the shipping,
571
00:27:56,475 --> 00:27:58,745
so if I wasn't there,
572
00:27:58,778 --> 00:27:59,812
it wasn't getting done.
573
00:28:01,313 --> 00:28:05,184
She would do anything
and people liked her.
574
00:28:05,217 --> 00:28:07,987
And she understood what
I was doing.
575
00:28:08,020 --> 00:28:10,389
We started with
a total of four employees.
576
00:28:10,990 --> 00:28:13,960
Steve, Wendy,
577
00:28:13,993 --> 00:28:16,428
David Cristobal, and myself.
578
00:28:16,462 --> 00:28:19,966
I was so lucky
to find this man.
579
00:28:19,999 --> 00:28:23,936
He organized the financials
and I paid attention
to the shoes,
580
00:28:23,970 --> 00:28:26,105
and we are so not alike.
581
00:28:26,138 --> 00:28:28,340
This is called Mahalakshmi.
582
00:28:28,374 --> 00:28:30,109
The goddess of money.
583
00:28:30,142 --> 00:28:32,144
When I opened this building,
584
00:28:32,178 --> 00:28:34,881
and I brought
the religious things here,
585
00:28:34,914 --> 00:28:37,149
and that's why I put
the statue of the goddess.
586
00:28:37,183 --> 00:28:40,920
Which brings the success
of the company.
587
00:28:40,953 --> 00:28:43,055
[Steve]
I wasn't frivolous with
the money at all.
588
00:28:43,089 --> 00:28:46,392
You know, as soon as I got it,
it was like, sell more shoes.
589
00:28:46,425 --> 00:28:47,794
Hire more people.
590
00:28:49,195 --> 00:28:53,332
A real firm was taking shape.
591
00:28:53,365 --> 00:28:56,135
In the beginning,
we really weren't
structured at all.
592
00:28:56,168 --> 00:29:00,072
There was a lot of
juggling as always,
which is normal here.
593
00:29:00,106 --> 00:29:02,374
[Tommy]
Because it was so
small and growing
594
00:29:02,408 --> 00:29:04,811
and unprofessional,
that was the craziness.
595
00:29:04,844 --> 00:29:07,914
We would have like
rat droppings
all over the computers.
596
00:29:07,947 --> 00:29:09,048
Remember that?
597
00:29:09,081 --> 00:29:12,118
And then
he would try to get me
to bring my kittens
598
00:29:12,151 --> 00:29:13,352
to get rid of the rats.
599
00:29:16,956 --> 00:29:19,325
You know, I was
an outsider when
I started, right?
600
00:29:19,358 --> 00:29:21,193
So there's like,
in every business,
601
00:29:21,227 --> 00:29:24,997
there's like the establishment
and then there's
the newcomers.
602
00:29:25,031 --> 00:29:27,867
I sort of relish that,
I really like that.
603
00:29:32,104 --> 00:29:33,572
[Mickey Boardman]
You know in the 90s,
604
00:29:33,605 --> 00:29:37,176
it was a time when there were
great American designers,
605
00:29:37,209 --> 00:29:39,545
but it was very elitist.
606
00:29:39,578 --> 00:29:42,481
Steve to the more
high fashion people
607
00:29:42,514 --> 00:29:45,384
might be a little bit,
you know like--
608
00:29:45,417 --> 00:29:46,418
the hillbilly cousin.
609
00:29:50,222 --> 00:29:54,861
The fashion and I think
just the media industry,
at the time,
610
00:29:54,894 --> 00:29:57,129
did not take
teenagers seriously.
611
00:29:57,163 --> 00:29:59,398
[Andrea Linett] It was Vogue
tells you what to wear,
what not to wear.
612
00:29:59,431 --> 00:30:02,234
Harper's Bazaar tells you
what to wear
and what not to wear.
613
00:30:02,268 --> 00:30:03,936
Sassy Magazine was kind of
614
00:30:03,970 --> 00:30:06,405
an anomaly
in the magazine world.
615
00:30:06,438 --> 00:30:08,174
Seriously, we were not
a fashion magazine
616
00:30:08,207 --> 00:30:09,541
The only people
that took us seriously
617
00:30:09,575 --> 00:30:11,377
were like, the cool
indie people, thank god.
618
00:30:14,213 --> 00:30:18,817
The 90s were kind of
a coming together time
of fashion and music.
619
00:30:20,519 --> 00:30:22,588
[Daianara] It's almost
the way like grunge was big
620
00:30:22,621 --> 00:30:24,857
back in the 90s
when we first started.
621
00:30:24,891 --> 00:30:27,193
Shoes had a more
masculine look to them,
622
00:30:27,226 --> 00:30:29,361
they were a little bit
rougher and tougher.
623
00:30:29,395 --> 00:30:32,865
And it's because of that
whole grunge phase
that music went through--
624
00:30:32,899 --> 00:30:35,034
So our inspiration
really starts from there
625
00:30:35,067 --> 00:30:37,603
and Steve really is
very music focused.
626
00:30:37,636 --> 00:30:39,605
Like the music business,
627
00:30:39,638 --> 00:30:44,043
it's not enough to just
make a record that is great
628
00:30:44,076 --> 00:30:45,344
that no one buys.
629
00:30:45,377 --> 00:30:48,380
I knew that I had
to come up with a hit
in order to make it.
630
00:30:50,616 --> 00:30:54,620
And then
I made a little Mary Jane,
we called it the 'Mary Lou'.
631
00:30:54,653 --> 00:30:58,024
We made a shoe that was
for a market
that wasn't being served
632
00:30:58,057 --> 00:31:01,928
It was truly young fashion,
the field was sort of empty.
633
00:31:02,594 --> 00:31:04,530
This was a big look.
634
00:31:04,563 --> 00:31:08,167
It was a very babydoll,
little girl kind of
a sexy thing.
635
00:31:08,200 --> 00:31:10,269
Historically, you would
have had the luxury
high-end designers
636
00:31:13,139 --> 00:31:17,910
Historically, you would
have had the luxury
high-end designers
637
00:31:17,944 --> 00:31:20,279
and then
the lower price point brands
638
00:31:20,312 --> 00:31:22,414
and they would have been
completely separate.
639
00:31:22,448 --> 00:31:28,187
Steve Madden was
the first person to democratize
on-trend shoes
640
00:31:28,220 --> 00:31:30,622
He's the grandfather
of this whole movement.
641
00:31:30,656 --> 00:31:32,491
To me, it was like he was
giving people who didn't
642
00:31:32,524 --> 00:31:34,393
have the chance
to have all the stuff
643
00:31:34,426 --> 00:31:37,663
that was being dictated to them
"If you don't have this,
you're a loser."
644
00:31:37,696 --> 00:31:42,168
[Aya Kanai] He wanted
to make sure that
fashionable shoes
645
00:31:42,201 --> 00:31:45,471
were also affordable
for the real girl customers
646
00:31:45,504 --> 00:31:47,706
who wanted took great too.
647
00:31:47,739 --> 00:31:53,012
That's particularly something
that the fashion establishment
is super-duper touchy about.
648
00:31:53,045 --> 00:31:56,048
[Tommy] But I'd even ask,
"How come you're never
in Vogue or Bazaar,
649
00:31:56,082 --> 00:31:57,149
Elle, all these things?"
650
00:31:57,183 --> 00:32:00,652
He's like,
"Those people hate me."
651
00:32:00,686 --> 00:32:02,221
[Steve]
It was an older industry
652
00:32:03,122 --> 00:32:04,590
and we sort of disrupted it.
653
00:32:08,160 --> 00:32:11,998
This is the shoe
that was made famous in
"The Wolf of Wall Street"
654
00:32:12,031 --> 00:32:13,399
The Mary Lou.
I have the--
655
00:32:13,432 --> 00:32:16,635
the Mary Jane is followed
by the-- the kid.
656
00:32:16,668 --> 00:32:20,106
Hoffman played me
and he did a good job.
657
00:32:20,139 --> 00:32:22,674
Jordan, look what
I caught in the lobby,
I caught a genius.
658
00:32:22,708 --> 00:32:25,411
Enter, Steve Madden.
659
00:32:25,444 --> 00:32:28,280
Red hot lady's footwear
and impresario.
660
00:32:28,314 --> 00:32:31,583
And thanks to Danny,
we were taking
his company public
661
00:32:31,617 --> 00:32:33,452
[Steve] Danny said
it was time to go public
662
00:32:33,485 --> 00:32:35,287
"You go to go talk
to the broker's.
663
00:32:35,321 --> 00:32:36,588
You got to tell them
your story,
664
00:32:36,622 --> 00:32:39,658
and get them all pumped up
and it'll be great."
665
00:32:39,691 --> 00:32:41,293
And that's what I did.
666
00:32:41,327 --> 00:32:42,728
And that's that famous scene.
667
00:32:42,761 --> 00:32:44,596
That's why
they got to see your face.
668
00:32:44,630 --> 00:32:46,999
You get 'em fired up
and they push the shit
out of this stock, okay?
669
00:32:47,033 --> 00:32:49,168
[Leonardo DiCaprio] Our job was
to get them worked up.
670
00:32:49,201 --> 00:32:51,637
[Steve]
It's like amazing
how they got this stuff.
671
00:32:51,670 --> 00:32:53,339
It was pretty accurate.
672
00:32:53,372 --> 00:32:55,741
You know,
Jonah Hill playing Danny
673
00:32:55,774 --> 00:32:58,310
and DiCaprio playing Belfort,
674
00:32:58,344 --> 00:32:59,745
they did an amazing job.
675
00:32:59,778 --> 00:33:01,747
I don't know
if I was that dorky.
676
00:33:01,780 --> 00:33:04,183
For those of you
who don't know me,
677
00:33:04,216 --> 00:33:05,484
my name's Steve Madden.
678
00:33:05,517 --> 00:33:07,086
-Yeah, we know who you are.
-[laughs]
679
00:33:07,119 --> 00:33:08,387
Your name is on the box.
680
00:33:08,420 --> 00:33:10,322
[all laughing]
681
00:33:10,356 --> 00:33:12,124
-Show them the shoes.
-Okay, yeah.
682
00:33:12,158 --> 00:33:15,261
Anyway, you know just--
this shoe. It''s pretty cool.
683
00:33:15,294 --> 00:33:16,662
This is the Mary Lou
684
00:33:16,695 --> 00:33:18,230
-which is the shoe
that put me on the map.
-[hooting and hollering]
685
00:33:18,264 --> 00:33:19,698
Without it,
I wouldn't be here.
686
00:33:19,731 --> 00:33:21,667
Believe it or not though,
687
00:33:21,700 --> 00:33:25,504
the Mary Lou is actually
the same as the Mary Jane,
but it's black leather.
688
00:33:25,537 --> 00:33:26,772
[Steve] You know,
I was talking about shoes
689
00:33:26,805 --> 00:33:27,806
and these guys
just went crazy.
690
00:33:27,839 --> 00:33:29,441
They were heckling me.
691
00:33:29,475 --> 00:33:32,511
You know, you've got
like 500 animals heckling.
692
00:33:32,544 --> 00:33:35,714
Let's give it up
for Steve Madden
and his awesome Mary Lou.
693
00:33:35,747 --> 00:33:38,150
-Hold that up, hold that up,
hold that up proud.
-[Steve] Jordan was amazing.
694
00:33:38,184 --> 00:33:40,619
They were just--
he was like--
695
00:33:40,652 --> 00:33:42,621
you know like a dictator.
696
00:33:42,654 --> 00:33:45,357
All knowing leader
of a country.
697
00:33:45,391 --> 00:33:48,594
I want you to ram
Steve Madden's stock
698
00:33:48,627 --> 00:33:53,465
down your client's throats
until they fucking choke on it.
699
00:33:53,499 --> 00:33:57,136
Until they choke on it
and they buy 100,000 shares.
700
00:33:57,169 --> 00:33:59,371
That's what I want you to do.
701
00:33:59,405 --> 00:34:02,341
You be ferocious.
You be relentless
702
00:34:02,374 --> 00:34:03,209
[cheering]
703
00:34:03,242 --> 00:34:06,312
You be telephone
fucking terrorists.
704
00:34:06,345 --> 00:34:08,147
[all cheering]
705
00:34:08,180 --> 00:34:11,550
Then let's knock
this mother fucker
out of the park!
706
00:34:11,583 --> 00:34:14,320
[all cheering]
707
00:34:14,353 --> 00:34:17,523
At the time, it went public
I think he had
one store in Soho.
708
00:34:17,556 --> 00:34:21,793
. I mean, that's not
a business typically that
anybody takes public.
709
00:34:21,827 --> 00:34:24,630
That's a
Stratton-Oakmont hallmark.
710
00:34:26,298 --> 00:34:27,766
I'm talking
to my brother on the phone,
711
00:34:29,268 --> 00:34:31,137
stock was coming out at $4.00.
712
00:34:31,170 --> 00:34:34,840
And it goes from
$4.00 to $18.00
713
00:34:34,873 --> 00:34:37,376
in about an hour and a half.
714
00:34:37,409 --> 00:34:40,479
What? I've never seen
anything like this in my life.
715
00:34:40,512 --> 00:34:42,381
I want to know
where this is coming from.
716
00:34:42,414 --> 00:34:46,885
Twenty-two million dollars
in three fucking hours!
717
00:34:46,918 --> 00:34:47,886
[laughs]
718
00:34:47,919 --> 00:34:50,722
Can you believe this?
719
00:34:50,756 --> 00:34:52,791
I can't tell you how much
I have to thank Danny.
720
00:34:52,824 --> 00:34:56,595
He really took
the reins this year
and made a huge success.
721
00:34:56,628 --> 00:35:00,166
More money, more money,
more money.
722
00:35:05,471 --> 00:35:09,341
[Steve]
It was like holy smokes,
this is insane.
723
00:35:09,375 --> 00:35:11,243
Real money.
724
00:35:11,277 --> 00:35:14,213
I went from
an eviction notice
to a private jet
725
00:35:14,246 --> 00:35:17,283
in like 200 days,
which is crazy.
726
00:35:21,253 --> 00:35:23,589
So I had to play ball
with these guys.
727
00:35:23,622 --> 00:35:27,626
[Leonardo] Danny and I
secretly owned 85%
of Steve Madden shoes
728
00:35:27,659 --> 00:35:29,695
Which legally speaking
was a big, no-no.
729
00:35:29,728 --> 00:35:34,266
But we'd get filthy
fucking rich if our troops
got behind it.
730
00:35:34,300 --> 00:35:37,836
Sometimes they would
do some transactions
under his name,
731
00:35:37,869 --> 00:35:40,672
but the transactions
were really for themselves.
732
00:35:40,706 --> 00:35:42,608
You know, they're buying
and selling it for me
733
00:35:42,641 --> 00:35:43,809
so how could it be illegal?
734
00:35:50,916 --> 00:35:53,452
You know,
I'd become part
of the scheme.
735
00:35:53,485 --> 00:35:56,188
Because I didn't
care about anything
but building the business.
736
00:35:56,222 --> 00:35:57,256
Oh, no.
737
00:35:57,289 --> 00:35:59,425
This is really cute.
Here, could you put this on?
738
00:35:59,458 --> 00:36:01,393
? I love this.
That's a great shoe.
739
00:36:01,427 --> 00:36:05,797
I think that this can be
the next big--
a really big sandal for us.
740
00:36:05,831 --> 00:36:08,234
You know why,
because it's got
taste and style.
741
00:36:08,267 --> 00:36:09,468
It's a problem.
742
00:36:10,502 --> 00:36:11,670
[laughs]
743
00:36:12,438 --> 00:36:13,639
It's tasteful.
744
00:36:13,672 --> 00:36:15,741
God forbid
we should make
a tasteful shoe!
745
00:36:18,644 --> 00:36:21,313
[Daianara]
Fashion was moving at
such a fast pace.
746
00:36:21,347 --> 00:36:23,315
And our biggest
goal of the day would be,
747
00:36:23,349 --> 00:36:25,050
"How much higher
do you think we could
make this heel?
748
00:36:25,083 --> 00:36:29,255
How much higher do you think
we could make this platform
before Steve like kills us?"
749
00:36:29,288 --> 00:36:30,456
There were some crazy shoes.
750
00:36:30,489 --> 00:36:32,524
I mean, some crazy platforms.
751
00:36:32,558 --> 00:36:35,727
You know kind of the
gender-bending shoes
of the 70s rock stars.
752
00:36:35,761 --> 00:36:37,996
It was a very
exciting time and we've--
753
00:36:38,029 --> 00:36:41,333
and as a matter of fact
we've taken a lot of those
things from that era
754
00:36:41,367 --> 00:36:42,434
and made them now
in our company.
755
00:36:43,635 --> 00:36:45,571
It's an instinct,
756
00:36:45,604 --> 00:36:46,972
You know you wake up
in the morning
757
00:36:47,005 --> 00:36:48,307
and you don't
have it in your closet,
758
00:36:48,340 --> 00:36:49,908
so you come in
and try and make it.
759
00:36:49,941 --> 00:36:53,579
It's pretty much
if we're looking for it,
somebody else is too.
760
00:36:53,612 --> 00:36:56,715
He had this
incredible system of
test and react.
761
00:36:56,748 --> 00:36:59,618
Which is exactly what
we tried to do
in the record business.
762
00:36:59,651 --> 00:37:02,588
[reporter] Madden's New York
headquarters features
a sample factory
763
00:37:02,621 --> 00:37:04,890
where new ideas
are cobbled by hand.
764
00:37:04,923 --> 00:37:07,025
[reporter] He found
he could develop a prototype
765
00:37:07,058 --> 00:37:09,795
and sell a small test run
in his own stores
766
00:37:09,828 --> 00:37:12,798
before deciding if it was right
for the mass market.
767
00:37:12,831 --> 00:37:16,468
If they reacted,
he would go and order
them in big bulk.
768
00:37:16,502 --> 00:37:20,306
And that would eliminate
the issue of getting
product back,
769
00:37:20,339 --> 00:37:21,740
because he already knew
that he had a hit.
770
00:37:21,773 --> 00:37:24,910
These shoes can be there first
before anybody else.
771
00:37:24,943 --> 00:37:26,512
[reporter]
Though many times smaller,
772
00:37:26,545 --> 00:37:29,348
Madden's edge over
competitors like Nine West
773
00:37:29,381 --> 00:37:30,849
is speed to market.
774
00:37:33,018 --> 00:37:36,388
Little by little people
started paying more attention
to what he was doing.
775
00:37:40,459 --> 00:37:43,529
I got very interested
in Steve--
776
00:37:43,562 --> 00:37:47,766
with those funny fashion ads
of the big heads
777
00:37:47,799 --> 00:37:51,437
and the little skinny,
sexy body and the big shoes.
778
00:37:57,008 --> 00:37:59,745
We wanted to do something
that wasn't like
other fashion companies
779
00:37:59,778 --> 00:38:01,580
with the beautiful girls
and the poses
780
00:38:01,613 --> 00:38:02,881
so we did something
a little unique.
781
00:38:02,914 --> 00:38:05,951
There was nothing,
nothing, nothing like it.
782
00:38:05,984 --> 00:38:07,486
So it was instant.
783
00:38:07,519 --> 00:38:08,720
The second it went up. Boom.
784
00:38:11,690 --> 00:38:14,793
The subject of
many discussions
785
00:38:14,826 --> 00:38:17,028
because it's somewhat
controversial.
786
00:38:17,062 --> 00:38:19,965
The fact that
we were making them
look like little hookers,
787
00:38:19,998 --> 00:38:22,634
I was like,
"These parents have
to be upset"
788
00:38:22,668 --> 00:38:26,638
But he was like,
"No, I know what I'm doing."
789
00:38:26,672 --> 00:38:28,874
Anti-fashion is what it was.
790
00:38:28,907 --> 00:38:32,611
It kept him
in a separate place
identity wise--
791
00:38:32,644 --> 00:38:33,979
he actually built
his identity.
792
00:38:37,716 --> 00:38:40,719
It definitely was one of
the more memorable
campaigns of the time.
793
00:38:40,752 --> 00:38:42,954
Throughout the 90s
they were--
794
00:38:42,988 --> 00:38:44,523
you know, they were
the talk of the town.
795
00:38:45,957 --> 00:38:47,426
First thing's first.
796
00:38:47,459 --> 00:38:48,894
This shoe on the wedge,
we're going to make
797
00:38:48,927 --> 00:38:51,029
and we're going to sell this
to every store in America.
798
00:38:52,831 --> 00:38:54,766
It's fantastic.
799
00:38:54,800 --> 00:38:56,768
[Sam Edelman] I remember
he had some monster shoes.
800
00:38:56,802 --> 00:38:58,069
Big bottom shoes.
801
00:38:58,103 --> 00:38:59,838
And then he had
a shoe called 'The Slinky'.
802
00:38:59,871 --> 00:39:02,374
And 'The Slinky' was huge.
803
00:39:03,709 --> 00:39:06,044
[Andrea]
It was pixie girls in leggings,
804
00:39:06,077 --> 00:39:09,915
shuffling around with
maybe a fun toe nail polish.
805
00:39:09,948 --> 00:39:11,316
Like they were everywhere.
806
00:39:11,349 --> 00:39:14,686
All of the sudden
every girl I spoke to knew
who Steve Madden was.
807
00:39:14,720 --> 00:39:17,389
I was like,
"Wow, how did this happen.
It's so amazing."
808
00:39:17,423 --> 00:39:21,527
[reporter] Steve Madden, the
number one man for making
the dopest shoes on the planet.
809
00:39:21,560 --> 00:39:25,697
I watched from afar
how Steve built up this
incredible business.
810
00:39:25,731 --> 00:39:27,933
I mean, I, like
everybody else, said,
811
00:39:27,966 --> 00:39:30,636
"Wait a second,
this is Steven Madden".
812
00:39:30,669 --> 00:39:32,404
[Steve] I just felt like
I could do anything.
813
00:39:32,438 --> 00:39:34,773
You know,
we were like this force
814
00:39:34,806 --> 00:39:37,175
that was quicker and smarter
than the other armies.
815
00:39:37,208 --> 00:39:41,780
Tonight, knowing what
your customers want
before the competition does.
816
00:39:41,813 --> 00:39:45,651
Former stock boy,
turned self-proclaimed
"shoe warrior".
817
00:39:45,684 --> 00:39:49,521
Steve Madden has
no intention of slowing down.
818
00:39:49,555 --> 00:39:53,825
[reporter] His retail stores
average a 1,000 dollars in
annual sales per square foot.
819
00:39:53,859 --> 00:39:55,994
Double the usual turnover
for stores their size.
820
00:39:58,163 --> 00:39:59,731
I owned my own shoe store.
821
00:39:59,765 --> 00:40:01,667
Steve used to come
every single weekend
822
00:40:01,700 --> 00:40:04,603
and he bought
the store and then,
I guess,
823
00:40:04,636 --> 00:40:05,837
in turn bought me
824
00:40:07,172 --> 00:40:10,509
I never gave him
a discount, just so you know.
825
00:40:10,542 --> 00:40:14,746
[reporter] Hot shoes have
helped Madden's sales shoot
from five million in 1993
826
00:40:14,780 --> 00:40:17,716
to an estimated
83 million dollars last year.
827
00:40:17,749 --> 00:40:21,219
[reporter] Revenues streaking
from 59 million to 163 million
828
00:40:21,252 --> 00:40:24,189
between 1997 and 1999,
829
00:40:24,222 --> 00:40:27,793
and profits more than
tripling in that
same time period.
830
00:40:27,826 --> 00:40:28,894
[Steve] I needed
to get bigger and bigger
831
00:40:28,927 --> 00:40:31,663
bigger and bigger and bigger
and bigger and bigger.
832
00:40:31,697 --> 00:40:34,099
You know,
because that's what you do.
833
00:40:34,132 --> 00:40:37,669
Those kind of profits,
it was another kind of drug.
834
00:40:39,237 --> 00:40:41,807
[Daianara] We were
just moving so quickly
835
00:40:41,840 --> 00:40:43,709
and it's like, he became
a little bit of a rock star.
836
00:40:43,742 --> 00:40:45,677
Like, people would
come up to him,
"Oh, can I have your autograph?
837
00:40:45,711 --> 00:40:47,078
Can I have this?
And I'd tease him, I'd go--"
838
00:40:47,112 --> 00:40:48,346
"Oh, Steve,
you're such a rock star."
839
00:40:48,379 --> 00:40:51,182
And he was like,
"Leave me alone,
let me enjoy my moment,
840
00:40:51,216 --> 00:40:52,083
it's my moment."
841
00:40:53,952 --> 00:40:58,724
Christinas and Britneys
and Janet Jacksons
all wear our shoes
842
00:40:58,757 --> 00:41:02,127
[hostess]
The man of the evening,
Mr. Steve Madden.
843
00:41:05,897 --> 00:41:08,800
You know, that old
Andy Warhol 15 minutes of fame-
844
00:41:08,834 --> 00:41:12,003
we're up to about
six hours now.
845
00:41:12,037 --> 00:41:14,172
[reporter] There are obviously
natural concerns
that the company
846
00:41:14,205 --> 00:41:16,842
might become
really too dependent
on one guy.
847
00:41:16,875 --> 00:41:18,143
That being you.
848
00:41:18,176 --> 00:41:20,579
What happens to the
company, god help us,
if Steve Madden
849
00:41:20,612 --> 00:41:22,514
walks out here on Broadway
and gets hit by a bus.
850
00:41:23,114 --> 00:41:24,149
[laughs]
851
00:41:26,084 --> 00:41:27,986
Gloom and doom.
852
00:41:28,019 --> 00:41:30,188
-Bad stuff, right?
-It's bad stuff.
853
00:41:31,222 --> 00:41:33,959
Um, we're [bleeps]
854
00:41:33,992 --> 00:41:36,695
[reporter] Last year
he did pay more than
four million dollars
855
00:41:36,728 --> 00:41:38,764
to former
Stratton-Oakmont execs
856
00:41:38,797 --> 00:41:41,232
to settle claims
stemming from his
association with the outfit.
857
00:41:41,266 --> 00:41:45,203
I wanted to put
that part of the company's
history behind us
858
00:41:45,236 --> 00:41:47,739
and pay those guys off
and moved on.
859
00:41:47,773 --> 00:41:50,942
[Steve] The shenanigans
with those guys had ended
in the middle of the 90s,
860
00:41:50,976 --> 00:41:56,247
and then the company
went on to just be explosive
because I had this amazing,
861
00:41:57,182 --> 00:41:58,283
you know, company,
862
00:41:58,316 --> 00:41:59,885
but all the while
I know my past
863
00:41:59,918 --> 00:42:03,054
is going to rear
it's ugly head
at any moment.
864
00:42:03,622 --> 00:42:05,824
[clicking]
865
00:42:05,857 --> 00:42:09,961
When the first wave
of the Stratton guys
were-- were arrested,
866
00:42:09,995 --> 00:42:12,831
arrested my mom
called me from Bocca,
and she said,
867
00:42:12,864 --> 00:42:14,933
"I heard they're talking."
868
00:42:14,966 --> 00:42:17,569
[reporter] Mr. Dan Porush
and Jordan Belfort
have pleaded guilty
869
00:42:17,603 --> 00:42:19,170
to variety of securities fraud.
870
00:42:19,204 --> 00:42:21,339
There have been
persistent concerns, Steve,
871
00:42:21,372 --> 00:42:23,174
and federal investigations
in their activities
872
00:42:23,208 --> 00:42:25,577
might become
a federal investigation
into you.
873
00:42:25,611 --> 00:42:27,579
Any thought?
Any truth to those?
874
00:42:27,613 --> 00:42:31,282
-Is there a reason
for the concern?
-No, they took us public and---
875
00:42:31,316 --> 00:42:35,887
but we don't think
we'll be tainted by that brush.
876
00:42:35,921 --> 00:42:37,222
[Steve] Your mind
is telling you one thing,
877
00:42:37,255 --> 00:42:39,925
but inside internally,
you know--
878
00:42:39,958 --> 00:42:42,127
you know that something
is not quite right.
879
00:42:44,395 --> 00:42:46,231
And then the whole thing
came crashing down.
880
00:42:48,867 --> 00:42:50,869
[Steve]
And there was nothing
I could do at that point.
881
00:42:58,977 --> 00:43:00,879
I'll let you take
a picture, relax.
882
00:43:00,912 --> 00:43:03,782
Relax, guy.
You can take a picture,
I'm not hiding.
883
00:43:03,815 --> 00:43:06,217
Relax.
884
00:43:06,251 --> 00:43:08,754
[Charles Koppelman] There was
a story that said
that Steve Madden
885
00:43:08,787 --> 00:43:10,789
was going to be indicted.
886
00:43:10,822 --> 00:43:13,124
[reporter] The flamboyant CEO
surrendered to
federal authorities
887
00:43:13,158 --> 00:43:17,996
facing multiple charges of
conspiracy, securities fraud
and money laundering.
888
00:43:18,029 --> 00:43:20,999
From manipulating
22 initial public offerings
889
00:43:21,032 --> 00:43:22,901
including his own company,
890
00:43:22,934 --> 00:43:26,938
allegedly making
illegal gains of
seven million dollars.
891
00:43:26,972 --> 00:43:29,875
[reporter] Belfort says that
Madden acted as his front.
892
00:43:29,908 --> 00:43:33,912
Selling shares on his command
and giving him
a big cut of the profits.
893
00:43:33,945 --> 00:43:36,815
But at least
Madden's company was real.
894
00:43:36,848 --> 00:43:39,350
[Johanna Berkman] The headline
grabbing person was Steve.
895
00:43:39,384 --> 00:43:42,954
Jordan Belfort wasn't famous
before he committed his crimes,
896
00:43:42,988 --> 00:43:45,657
where as Steve was
already a really
well known person.
897
00:43:45,691 --> 00:43:48,226
And therefore
it's more valuable.
898
00:43:48,259 --> 00:43:53,398
Charges could have called
for as much as
25 years federal prison.
899
00:43:56,768 --> 00:43:59,971
[reporter] Steve, do you have
any comment about the charges?
900
00:44:00,005 --> 00:44:03,074
[Steve] You hope
against hope that it was
going to go away.
901
00:44:03,108 --> 00:44:05,376
Or that they'll have
bigger fish to fry.
902
00:44:05,410 --> 00:44:11,182
You know, you can sometimes
dance between the raindrops
and not get wet.
903
00:44:11,216 --> 00:44:14,886
What about the fact that
there are four other people
with the companies
904
00:44:14,920 --> 00:44:17,122
who have already said that
you...
905
00:44:17,155 --> 00:44:18,890
The world is
falling down on you,
906
00:44:18,924 --> 00:44:20,058
you don't know
what you're doing,
907
00:44:20,091 --> 00:44:23,194
and you're just like...
908
00:44:23,228 --> 00:44:26,765
you're just trying
to get through that day,
you know?
909
00:44:26,798 --> 00:44:30,135
Are you worried
this is gonna
affect your business?
910
00:44:30,168 --> 00:44:32,337
So, Steve,
what do you do now?
911
00:44:32,370 --> 00:44:33,872
Where do you
go from here?
912
00:44:34,339 --> 00:44:36,775
No comment, okay?
913
00:44:36,808 --> 00:44:42,748
[Joel Winograd] They wanted him
to wear a wire against
people that he knew for years,
914
00:44:42,781 --> 00:44:45,784
friends, to try
to implicate them
915
00:44:46,484 --> 00:44:48,053
and he wouldn't do it.
916
00:44:49,487 --> 00:44:52,357
Even though
I wasn't a snitch,
917
00:44:53,759 --> 00:44:57,495
I certainly look back
and have maybe
918
00:44:57,528 --> 00:45:00,766
some understanding
of the guys that did tell.
919
00:45:00,799 --> 00:45:05,336
Because they really--
they can torture you.
920
00:45:05,370 --> 00:45:07,438
The government was very tough.
921
00:45:09,074 --> 00:45:11,209
Thank you very much.
922
00:45:11,242 --> 00:45:12,778
[Steve] It wore me out,
you know,
923
00:45:12,811 --> 00:45:15,814
it was like the constant court
going back and forth
924
00:45:15,847 --> 00:45:18,283
and lead to a relapse.
925
00:45:19,885 --> 00:45:22,788
I just threw in the towel.
I started getting loaded again.
926
00:45:27,558 --> 00:45:30,095
[Joel] We went
back to court
at some future date
927
00:45:30,128 --> 00:45:32,430
and sentenced Steve
to 41 months.
928
00:45:33,298 --> 00:45:35,100
It was devastating to him.
929
00:45:36,201 --> 00:45:37,135
[Phil Pine]
Before he went away,
930
00:45:37,168 --> 00:45:40,906
we had a sales meeting
out in the Hamptons,
931
00:45:40,939 --> 00:45:43,141
and it was about 20 of us.
932
00:45:43,174 --> 00:45:45,276
It was just a good feeling
that he knew
933
00:45:45,310 --> 00:45:48,146
that there were
people behind him.
934
00:45:48,179 --> 00:45:50,916
-It sucked.
-Yeah, it was awful.
935
00:45:50,949 --> 00:45:55,020
It was scary.
We didn't know what
was going to happen.
936
00:45:55,053 --> 00:45:57,088
I had this great family
937
00:45:57,122 --> 00:45:59,524
that I was building,
this great company.
938
00:45:59,557 --> 00:46:00,959
I thought at the time,
you know what?
939
00:46:00,992 --> 00:46:02,493
I may not have
a family of children
940
00:46:02,527 --> 00:46:05,030
because I've got
this family here.
941
00:46:05,063 --> 00:46:07,465
And I know it's different,
but they were like a family.
942
00:46:09,134 --> 00:46:12,237
Steve took the biggest
sacrifice for the company.
943
00:46:13,371 --> 00:46:14,272
Hands down.
944
00:46:16,174 --> 00:46:19,344
He did what it took for
the company to survive,
945
00:46:19,377 --> 00:46:23,081
and in doing that,
he took a massive hit
personally.
946
00:46:31,189 --> 00:46:32,858
And then the next day
he was gone.
947
00:46:37,095 --> 00:46:38,296
[Steve] Boom.
You're there.
948
00:46:38,329 --> 00:46:40,298
And bam, it all changes.
949
00:46:44,602 --> 00:46:46,404
My greatest fear
was going to prison,
950
00:46:46,437 --> 00:46:48,006
and I did go to prison.
951
00:46:48,039 --> 00:46:49,875
So my greatest fear
became realized.
952
00:46:51,042 --> 00:46:53,244
It was worse than I thought.
953
00:46:53,278 --> 00:46:56,314
They handcuffed you,
and you have to change into
like an orange jumpsuit,
954
00:46:56,347 --> 00:47:00,051
they strip search you,
stick a glove up your ass,
955
00:47:00,085 --> 00:47:01,286
all this crazy stuff.
956
00:47:01,319 --> 00:47:02,820
It was really bad.
957
00:47:04,089 --> 00:47:06,191
And I got up on the bunk,
the top bunk,
958
00:47:06,224 --> 00:47:09,127
and I looked up
at the ceiling and I said,
959
00:47:09,160 --> 00:47:11,062
"How am I going
to do this shit?
960
00:47:11,096 --> 00:47:12,830
How am I going
to survive this?"
961
00:47:18,904 --> 00:47:20,171
I wasn't pissed,
962
00:47:20,538 --> 00:47:23,308
I was sad.
963
00:47:23,341 --> 00:47:27,045
It was just the heartbreak
of life going on outside
964
00:47:27,078 --> 00:47:29,180
and you were just dead.
965
00:47:29,214 --> 00:47:31,249
You know,
the world was moving on
966
00:47:31,282 --> 00:47:34,953
and people were
just living their lives
967
00:47:34,986 --> 00:47:36,421
and you were just stuck.
968
00:47:42,260 --> 00:47:44,562
[Eric Harris]
I met Steve in lock up.
969
00:47:44,595 --> 00:47:46,264
He walks up to me
just like--
970
00:47:46,297 --> 00:47:47,999
out of nowhere and says,
971
00:47:48,566 --> 00:47:50,535
"How is it out there?"
972
00:47:50,568 --> 00:47:52,904
First of all, I was like,
"Oh, back up."
973
00:47:52,938 --> 00:47:55,406
So he was like,
"Yeah, my bad, I'm sorry.
I didn't mean to do that."
974
00:47:55,440 --> 00:47:58,209
And he was like,
"How is it?"
975
00:47:58,243 --> 00:48:00,611
I said, "It's cool,
it's straight.
You all right."
976
00:48:00,645 --> 00:48:02,413
I come to find out
we were roommates.
977
00:48:03,714 --> 00:48:05,951
My job wasn't to make shoes.
978
00:48:05,984 --> 00:48:07,986
My job was to get through this.
979
00:48:09,587 --> 00:48:11,456
[Amelia Newton Varela]
Our sales started plummeting.
980
00:48:11,489 --> 00:48:13,691
We had meetings on our own,
981
00:48:13,724 --> 00:48:16,161
and was like,
"All right, how are we
going to handle--
982
00:48:16,194 --> 00:48:17,395
yeah, how are we
going to change this?
983
00:48:17,428 --> 00:48:19,564
How quickly can we
get fresh shoes
and keep hitting it.
984
00:48:19,597 --> 00:48:22,300
And to make sure that
we nailed the right style."
985
00:48:22,333 --> 00:48:23,969
And we just kept struggling.
986
00:48:24,002 --> 00:48:25,971
The ball dropped.
The world stops.
987
00:48:26,004 --> 00:48:29,174
That world out there
is no longer yours anymore,
you know?
988
00:48:29,207 --> 00:48:32,177
So you got to get content
on what's going on in there,
you know?
989
00:48:36,281 --> 00:48:37,715
Everybody just called me
"Big Swole".
990
00:48:37,748 --> 00:48:40,085
"Big Swole, Big Swole,
Big Swole."
991
00:48:40,118 --> 00:48:42,553
That's why a line of people
on the compound
used to want to know me,
992
00:48:42,587 --> 00:48:46,157
because I was probably
one of the strongest people
on the compound.
993
00:48:46,191 --> 00:48:49,060
He introduced himself to me,
we talked a little bit,
you know,
994
00:48:49,094 --> 00:48:51,162
he kept saying,
Steve Madden, Steve Madden.
995
00:48:51,196 --> 00:48:53,598
. I'm like, "Okay, I never
heard of Steve Madden."
996
00:48:53,631 --> 00:48:55,433
He's like,
"Man, I'm the shoe guy."
997
00:48:56,534 --> 00:49:00,071
One time he was
actually waiting on me
998
00:49:00,105 --> 00:49:02,140
Sitting on my bed.
999
00:49:02,173 --> 00:49:05,210
And I said, "Hey man.
You know the prison rule,
1000
00:49:05,243 --> 00:49:07,545
you find a man sitting
on a man's bed, right?"
[laughs]
1001
00:49:07,578 --> 00:49:09,614
He's like,
"No, what is it?"
1002
00:49:09,647 --> 00:49:13,284
"If you sit on a man's bed,
you want to be his girlfriend."
1003
00:49:13,318 --> 00:49:14,986
[laughs]
1004
00:49:15,020 --> 00:49:17,388
He's like, "No." I said,
"Okay, then sit in the chair."
1005
00:49:17,422 --> 00:49:19,390
[laughs]
1006
00:49:19,424 --> 00:49:21,192
[Steve]
I met a lot of great guys.
1007
00:49:21,226 --> 00:49:23,094
Guys who fucked up, you know,
1008
00:49:23,794 --> 00:49:25,296
but were good guys.
1009
00:49:25,330 --> 00:49:26,797
You know, he adapted that,
1010
00:49:26,831 --> 00:49:29,467
you know he learned
all the little slang lingo
cause he was into that.
1011
00:49:29,500 --> 00:49:31,302
he just wanted
to learn everything.
1012
00:49:31,336 --> 00:49:34,305
Boy, he was a character.
[laughs]
1013
00:49:34,339 --> 00:49:38,476
[Steve]
I just liked being around them,
I liked their energy
1014
00:49:38,509 --> 00:49:40,745
and they were very helpful.
Lot of guys, you know?
1015
00:49:44,649 --> 00:49:47,585
There was a big thing about
running the business
from prison.
1016
00:49:47,618 --> 00:49:49,320
Like, "He's really running
the business from prison."
1017
00:49:49,354 --> 00:49:52,257
Which is crazy.
You can't run
a business from prison.
1018
00:49:52,290 --> 00:49:54,125
And that's how
I got the job here.
1019
00:49:54,159 --> 00:49:56,027
I don't know if we should
put this on tape or not--
1020
00:49:56,061 --> 00:49:59,530
He said, "You know what,
what I'm thinking is,
1021
00:49:59,564 --> 00:50:02,333
why don't you
come to work for me?
1022
00:50:02,367 --> 00:50:04,035
You could use my office.
1023
00:50:04,069 --> 00:50:05,803
You can use my secretary,
1024
00:50:05,836 --> 00:50:08,139
and come see me
and come tell me
what's going on at work."
1025
00:50:08,173 --> 00:50:12,443
And he said,
"I've got the perfect,
perfect position for you."
1026
00:50:12,477 --> 00:50:14,312
I said, "What's that?"
1027
00:50:14,345 --> 00:50:17,615
He says, "I'm going
to make you the
Head of International Sales."
1028
00:50:17,648 --> 00:50:19,684
I said,
"That's great! That's great.
Why are you doing that?"
1029
00:50:19,717 --> 00:50:21,586
He says,
"Because we don't have
any international sales,
1030
00:50:21,619 --> 00:50:24,089
you cannot fuck it up,
you don't know anything
about shoes
1031
00:50:24,122 --> 00:50:25,323
and so you can't screw it up.
1032
00:50:25,356 --> 00:50:27,092
So you're in charge of that."
1033
00:50:27,125 --> 00:50:29,527
You can't run a business
from prison.
1034
00:50:29,560 --> 00:50:31,396
People can talk
to you about business,
1035
00:50:31,429 --> 00:50:34,465
but my business
you have to create
you have to make shoes,
1036
00:50:34,499 --> 00:50:36,067
you have to talk to people.
1037
00:50:36,101 --> 00:50:37,502
You can't do that.
1038
00:50:37,535 --> 00:50:41,572
So, I thought,
let's give them something
to talk about.
1039
00:50:41,606 --> 00:50:45,810
When Steve was in jail, I used
to get requests from
the marketing people.
1040
00:50:45,843 --> 00:50:48,746
They're like, "Steve wants
to know if you could
hide little messages
1041
00:50:48,779 --> 00:50:51,716
like his jail cell number
in the ad
1042
00:50:51,749 --> 00:50:55,753
It was kind of
inspired by Sgt. Pepper.
1043
00:50:55,786 --> 00:50:57,855
The Beatles used to do
stuff like that.
1044
00:50:57,888 --> 00:51:00,591
They would put like
a secret message in.
1045
00:51:00,625 --> 00:51:03,494
And you know, so I decided to
give a shout out to these
people that I was with,
1046
00:51:03,528 --> 00:51:05,230
these great guys.
1047
00:51:05,263 --> 00:51:08,599
Once we did this big ad,
there was like
1048
00:51:08,633 --> 00:51:11,469
Ferris wheels and stuff,
like a Coney Island shot.
1049
00:51:11,502 --> 00:51:14,139
And we had to put in like,
the hot dog vendor,
1050
00:51:14,172 --> 00:51:16,774
this guy-- every little thing
in there was some guy
1051
00:51:16,807 --> 00:51:18,709
who some prison cell mate.
1052
00:51:18,743 --> 00:51:20,611
He brought me a magazine,
he said, "Look, man".
1053
00:51:20,645 --> 00:51:22,747
I said, "Man, anybody can put
somebody in a magazine,
1054
00:51:22,780 --> 00:51:24,081
that don't make you famous,
you know?
1055
00:51:24,115 --> 00:51:26,517
It just make a guy
a couple of dollars.
You know to put you--"
1056
00:51:26,551 --> 00:51:28,319
He's like, "No man,
I'm telling you,
I'm famous, I'm famous."
1057
00:51:28,919 --> 00:51:31,656
See this? F-R-E-E Steve.
1058
00:51:32,657 --> 00:51:34,359
Free Steve.
1059
00:51:34,392 --> 00:51:39,397
I said, "Keep him in jail.
Don't free his ass."
1060
00:51:39,430 --> 00:51:43,401
I said, "Listen,
I don't care how much
money you have.
1061
00:51:43,434 --> 00:51:44,902
. Right now, you in here.
1062
00:51:44,935 --> 00:51:46,704
So you have zero dollars.
1063
00:51:46,737 --> 00:51:48,273
Just like everybody else."
1064
00:51:50,575 --> 00:51:52,143
I ran a store
inside of prison.
1065
00:51:54,279 --> 00:51:55,746
Everything the commissary had,
I had it.
1066
00:51:57,382 --> 00:51:58,483
Yeah, Mackerel
was the currency.
1067
00:51:59,517 --> 00:52:01,219
[Steve Madden]
Mackerel. Fish.
1068
00:52:01,252 --> 00:52:03,188
You know, that was
the currency in prison.
1069
00:52:04,922 --> 00:52:07,258
They're delicious.
I mean, you know--
1070
00:52:07,292 --> 00:52:09,227
for somebody in prison
they're delicious.
1071
00:52:09,260 --> 00:52:10,628
It's not like, lobster. 2
1072
00:52:12,797 --> 00:52:15,866
I mean, I had people
from all of the dorms
coming to see Head.
1073
00:52:18,436 --> 00:52:22,307
He's like, "Man, this guy's--
this is amazing."
1074
00:52:23,608 --> 00:52:24,509
He gave me some pointers.
1075
00:52:26,844 --> 00:52:29,880
He made me think of ways
that I can expand.
1076
00:52:29,914 --> 00:52:31,148
And it worked out.
1077
00:52:33,418 --> 00:52:36,521
So I had to figure out
how could I corner the
market on Mackerel?
1078
00:52:36,554 --> 00:52:40,491
So I figured it out,
and I ended up with
hundreds of Mackerel.
1079
00:52:40,525 --> 00:52:43,561
Guy would bring me
cereal from the kitchen,
I give him a Mackerel.
1080
00:52:43,594 --> 00:52:46,631
If I wanted to get
my laundry done,
I paid the guy a mackerel.
1081
00:52:46,664 --> 00:52:47,832
I became the mackerel king.
1082
00:52:50,301 --> 00:52:52,837
Steve started
teaching a class.
1083
00:52:52,870 --> 00:52:54,472
So I taught
a little business class.
1084
00:52:54,505 --> 00:52:57,308
I tried to reach out
to some of the guys there.
1085
00:52:57,342 --> 00:52:58,976
They had
standing room only because,
1086
00:52:59,009 --> 00:53:00,811
you know,
everybody came to his class.
1087
00:53:03,714 --> 00:53:06,417
And that's what I was
really trying to tell them.
1088
00:53:06,451 --> 00:53:07,885
Like, "You guys that are here,
1089
00:53:07,918 --> 00:53:10,721
you probably were
successful dealing crack
1090
00:53:10,755 --> 00:53:12,757
or whatever it was.
1091
00:53:12,790 --> 00:53:15,460
So take that
entrepreneurial skill.
1092
00:53:15,493 --> 00:53:18,296
Find a product that's legal.
And sell it.
1093
00:53:18,329 --> 00:53:19,297
And you could do it.
1094
00:53:19,330 --> 00:53:20,598
You guys are all smart."
1095
00:53:20,631 --> 00:53:22,533
And most of them
were very smart.
1096
00:53:22,567 --> 00:53:23,734
Very smart guys.
1097
00:53:23,768 --> 00:53:27,372
When you in prison, right,
you want somebody to be there.
1098
00:53:27,405 --> 00:53:30,408
You understand?
You want somebody
to be in your corner.
1099
00:53:30,441 --> 00:53:33,311
So, you know--
and once you've been
gone for so long,
1100
00:53:33,344 --> 00:53:34,779
friends tend
to fade off, you know?
1101
00:53:34,812 --> 00:53:35,646
Money begins to slow down.
1102
00:53:35,680 --> 00:53:37,348
So you have to do
what you have to do.
1103
00:53:37,382 --> 00:53:38,449
You have to take
care of yourself.
1104
00:53:43,020 --> 00:53:44,655
You have a collect call from...
1105
00:53:44,689 --> 00:53:47,592
"Steve Madden,
can you hear me?"
1106
00:53:47,625 --> 00:53:49,894
an inmate at
Coleman Correctional Facility.
1107
00:53:49,927 --> 00:53:51,862
Do you accept the charges?
1108
00:53:51,896 --> 00:53:57,268
I got a call from someone
saying that Steve wants
to see you this weekend.
1109
00:53:57,302 --> 00:54:01,506
And I had no idea
why he would want to see me
1110
00:54:01,539 --> 00:54:04,909
That's when I realized
I had never been alone
with him before.
1111
00:54:06,611 --> 00:54:07,478
[Steve]
Yeah, we liked each other
1112
00:54:07,512 --> 00:54:08,379
We always liked
each other, you know?
1113
00:54:08,413 --> 00:54:10,748
We always got a kick
out of each other.
1114
00:54:10,781 --> 00:54:12,317
So there was that.
1115
00:54:12,350 --> 00:54:13,818
She had a nice countenance.
1116
00:54:13,851 --> 00:54:15,586
A face to the world.
You know--
1117
00:54:16,454 --> 00:54:18,389
She came to see him a lot.
1118
00:54:18,423 --> 00:54:21,992
You know,
in the federal facilities,
it's visit five days a week.
1119
00:54:22,026 --> 00:54:23,794
Out of the five
she was there maybe three.
1120
00:54:24,562 --> 00:54:25,530
That's a lot.
1121
00:54:25,563 --> 00:54:26,631
You know, flying from New York.
1122
00:54:32,770 --> 00:54:36,907
I remember when he kissed me
the first time ever.
1123
00:54:36,941 --> 00:54:40,911
In the cafeteria,
the vending machines
on the side.
1124
00:54:40,945 --> 00:54:44,949
The families visiting
and it was so scary,
1125
00:54:44,982 --> 00:54:47,017
I wanted to run.
1126
00:54:47,051 --> 00:54:48,619
But I was in prison.
1127
00:54:50,788 --> 00:54:55,326
Then I get a letter of the
top ten reasons why
the kiss meant nothing.
1128
00:54:55,360 --> 00:55:01,332
And I just laughed at it
because I saw what it meant,
he was scared.
1129
00:55:01,366 --> 00:55:05,536
Man, he was like, "Man,
why am I starting to develop
feelings for Wendy?"
1130
00:55:05,570 --> 00:55:08,506
I said, "Ah, come on,
you're probably
just horny, man."
1131
00:55:08,539 --> 00:55:09,740
[laughs]
1132
00:55:11,909 --> 00:55:14,111
He did throw something
out there about
1133
00:55:14,144 --> 00:55:16,981
"I don't know,
maybe Wendy might be the one."
1134
00:55:17,014 --> 00:55:19,417
[Wendy Ballew]
When he proposed to me,
1135
00:55:19,450 --> 00:55:21,886
it was kind of like
he stuttered it out
1136
00:55:21,919 --> 00:55:25,590
in a story about
1137
00:55:25,623 --> 00:55:28,393
wanting to spend
the rest of his life with me
1138
00:55:28,426 --> 00:55:31,929
and he goes,
"I guess what I'm asking you
is to marry me."
1139
00:55:33,063 --> 00:55:35,766
And I said, "Yes."
1140
00:55:35,800 --> 00:55:39,404
Many times I look back
and I'm grateful
for that moment,
1141
00:55:39,437 --> 00:55:42,106
and think, "Well, you know--
1142
00:55:42,139 --> 00:55:44,409
if I wasn't in prison
I wouldn't have
had that moment."
1143
00:55:45,643 --> 00:55:47,545
Of course
I could have done 20 days
1144
00:55:47,578 --> 00:55:49,980
and had that moment
on the 15th day.
1145
00:55:50,014 --> 00:55:51,716
That would have been good.
1146
00:56:02,593 --> 00:56:03,794
[Amelia]
And she married him.
1147
00:56:03,828 --> 00:56:05,129
Oh, my God.
1148
00:56:05,162 --> 00:56:06,764
I married him.
1149
00:56:06,797 --> 00:56:07,965
[Daianara] It's so crazy.
1150
00:56:10,134 --> 00:56:12,437
[Steve] It was
such a joy to be out
1151
00:56:12,470 --> 00:56:14,739
It was an amazing
period in my life.
1152
00:56:14,772 --> 00:56:17,408
I got married
and had a family.
1153
00:56:17,442 --> 00:56:22,112
I just thought maybe,
in my line of work
1154
00:56:22,146 --> 00:56:25,816
people would
forgive and forget
1155
00:56:25,850 --> 00:56:29,153
And I'd be able
to move on, you know?
1156
00:56:29,186 --> 00:56:32,423
And get a second chance.
1157
00:56:38,996 --> 00:56:42,900
I had a sense that,
"Oh, my God,
I'm free to do this,
1158
00:56:44,168 --> 00:56:45,670
Let's not squander it."
1159
00:56:47,237 --> 00:56:51,942
Wendy on my side
was very helpful
1160
00:56:51,976 --> 00:56:55,646
I just thought,
I'll get back to work
and we'll see what happens.
1161
00:56:56,681 --> 00:56:57,748
Is this one of the new ones?
1162
00:56:59,784 --> 00:57:00,918
That one?
1163
00:57:03,721 --> 00:57:06,023
What happened to that shoe?
It died.
1164
00:57:07,925 --> 00:57:10,728
But I did fear being
out of touch with the styles
1165
00:57:10,761 --> 00:57:14,098
and not being able
to put my finger
on the winners
1166
00:57:14,131 --> 00:57:17,568
because so much
of styling and design
is context, you know?
1167
00:57:17,602 --> 00:57:18,836
So I was out.
1168
00:57:20,638 --> 00:57:22,540
[Rob]
He said to me,
1169
00:57:22,573 --> 00:57:26,010
"It's going to take
me some time
to get back into it."
1170
00:57:26,043 --> 00:57:28,045
[Amelia] There was
a shift happening.
Styling changed.
1171
00:57:28,078 --> 00:57:29,313
We went from--
1172
00:57:29,346 --> 00:57:30,715
Which he predicted
by the way,
he totally predicted this.
1173
00:57:30,748 --> 00:57:34,251
[Amelia] Yeah. Really, young
chunkier and younger
junior type shoes
1174
00:57:34,284 --> 00:57:36,220
and it was
becoming more dressy.
1175
00:57:36,253 --> 00:57:38,589
Pointy toe.
Something that at Steve Madden,
we haven't done.
1176
00:57:38,623 --> 00:57:39,924
When you would see
young Hollywood
1177
00:57:39,957 --> 00:57:42,960
wearing a $2,000 shoe,
1178
00:57:42,993 --> 00:57:46,664
real America wants the look
at the same time.
1179
00:57:46,697 --> 00:57:48,132
[Steve] The shoes
are not selling like they were.
1180
00:57:48,165 --> 00:57:49,900
They'd canceled
a ton of shoes.
1181
00:57:49,934 --> 00:57:51,135
They just told me.
1182
00:57:51,168 --> 00:57:54,639
They just canceled
a lot of shoes, yeah
1183
00:57:54,672 --> 00:57:57,107
And that's how I know,
because it's not my look.
1184
00:57:57,141 --> 00:57:58,643
So I don't have
a feel for that.
1185
00:57:58,676 --> 00:58:00,210
I know it's fabulous,
1186
00:58:00,244 --> 00:58:02,179
you know, I know
it sells like crazy, but--
1187
00:58:04,014 --> 00:58:05,783
And then you think, well,
1188
00:58:05,816 --> 00:58:08,553
"God, I'm not
creative at all.
1189
00:58:08,586 --> 00:58:09,920
What have I done?
1190
00:58:10,220 --> 00:58:11,622
[laughs]
1191
00:58:11,656 --> 00:58:13,958
What have I done?
I don't know anything.
1192
00:58:14,825 --> 00:58:16,326
I'm just talking."
1193
00:58:16,360 --> 00:58:21,632
You know, and then
you figure out a way to put it
all together, you know.
1194
00:58:24,001 --> 00:58:25,936
He went back to his
old tricks of just like,
1195
00:58:25,970 --> 00:58:28,973
what is she wearing,
what's happening on the street.
1196
00:58:29,006 --> 00:58:31,576
[Sam] The reality is
if you're a true shoe guy,
1197
00:58:31,609 --> 00:58:33,544
all you do is look at feet
1198
00:58:33,578 --> 00:58:35,179
You're looking at their shoes,
where did they get them.
1199
00:58:35,212 --> 00:58:37,682
Everything is about
shoe, shoe, shoe, shoes.
1200
00:58:37,715 --> 00:58:41,886
I heard the other day
he was at Nordstrom's
for two days.
1201
00:58:41,919 --> 00:58:43,621
Sitting on a couch,
1202
00:58:43,654 --> 00:58:46,924
you know,
watching the people
buy the shoes.
1203
00:58:46,957 --> 00:58:48,926
That's his system,
he likes that.
1204
00:58:48,959 --> 00:58:51,161
When we're in stores
and Steve walks up to women
1205
00:58:51,195 --> 00:58:53,197
and just starts
talking to them
about their shoes.
1206
00:58:53,230 --> 00:58:55,032
They're all like,
"Who is this guy?"
1207
00:58:55,866 --> 00:58:57,835
This is my store.
1208
00:58:57,868 --> 00:58:59,236
He goes, "You know,
when I was young,
1209
00:58:59,269 --> 00:59:01,105
they thought it was cool.
Like I was hitting on them."
1210
00:59:01,138 --> 00:59:02,272
Thank you.
1211
00:59:02,306 --> 00:59:04,208
"Now they just think
I'm a creepy old man
1212
00:59:04,241 --> 00:59:05,943
[laughs]
1213
00:59:05,976 --> 00:59:07,578
That shoe is beautiful.
1214
00:59:07,612 --> 00:59:09,279
I haven't seen
sport shoes like that
in a long time.
1215
00:59:12,950 --> 00:59:16,687
There's a lot of designers
in the world that are
really good at what they do,
1216
00:59:16,721 --> 00:59:19,256
but they sort of just sit
and draw it and wait
for somebody to--
1217
00:59:19,289 --> 00:59:21,058
and we're hands on.
1218
00:59:21,091 --> 00:59:22,693
He's digging it up,
1219
00:59:22,727 --> 00:59:24,795
we're back here
trying to hammer it together.
1220
00:59:26,396 --> 00:59:28,866
All right, that's good.
1221
00:59:28,899 --> 00:59:30,968
All right! Sally forth!
1222
00:59:34,004 --> 00:59:35,740
[Alan] All the buyers
wanted the shoes.
1223
00:59:35,773 --> 00:59:38,976
The reputation was that
Steve couldn't miss.
1224
00:59:39,009 --> 00:59:40,611
[Steve]
I've created a lot of shoes,
1225
00:59:40,645 --> 00:59:43,881
but I'm more of like
an executive producer
1226
00:59:43,914 --> 00:59:46,316
I'm thinking about it
all the way through the end.
1227
00:59:46,350 --> 00:59:51,021
You know, I'm thinking,
"Okay, gonna sell it,
it's gonna sit here.
1228
00:59:51,055 --> 00:59:53,290
How am I going to make it?
What am I going to make it for?
1229
00:59:53,323 --> 00:59:55,960
How am I going to make it
so a lot of girl's can buy it?
1230
00:59:55,993 --> 00:59:57,394
And I'm going to make money?"
1231
00:59:57,427 --> 01:00:01,632
It's like a personal war,
each shoe, you know, almost.
1232
01:00:01,666 --> 01:00:05,703
For it to merge
and become number one.
1233
01:00:05,736 --> 01:00:08,873
Self-esteem wrapped up
in every shoe is something.
1234
01:00:08,906 --> 01:00:12,677
New shoes are on
the dashboard of the car,
1235
01:00:12,710 --> 01:00:15,145
on the kitchen table,
on the bed.
1236
01:00:15,179 --> 01:00:17,314
When I see him
so obsessed with a shoe,
1237
01:00:17,347 --> 01:00:20,718
I have taken the shoe
and put it on a pillow at night
1238
01:00:20,751 --> 01:00:22,687
to be like,
"Here's your shoe."
1239
01:00:22,720 --> 01:00:25,289
He thinks about it
100% of his life.
1240
01:00:25,322 --> 01:00:27,858
Here's what we're doing.
Couple of things.
1241
01:00:27,892 --> 01:00:29,059
This I didn't love on.
1242
01:00:29,093 --> 01:00:30,695
This might be worth a test.
1243
01:00:30,728 --> 01:00:32,096
I think they're too cheap.
1244
01:00:32,129 --> 01:00:34,131
But on something like this,
a casual item,
1245
01:00:34,164 --> 01:00:36,867
you got to be
very price sensitive.
1246
01:00:36,901 --> 01:00:38,068
That's my experience
in the market.
1247
01:00:39,103 --> 01:00:40,404
Yeah, they're amazing.
1248
01:00:40,437 --> 01:00:43,107
The entrepreneurs
is a hard driver
1249
01:00:43,140 --> 01:00:46,210
He's like,
"Look, we're on this mission!
1250
01:00:46,243 --> 01:00:48,412
There may be
some casualties here."
1251
01:00:49,279 --> 01:00:51,215
Where the fuck are you?
1252
01:00:51,248 --> 01:00:52,783
No, no, no, no.
You can't do this,
1253
01:00:52,817 --> 01:00:55,052
I'm on a fucking
tight schedule.
1254
01:00:55,085 --> 01:00:58,188
I believe it's some sort
of neurotic drive.
1255
01:00:58,222 --> 01:01:01,692
You know, there were a lot
of people taking vacations
when I wasn't.
1256
01:01:01,726 --> 01:01:06,063
I thought maybe
when he got married
and had kids,
1257
01:01:06,096 --> 01:01:08,799
I wouldn't be hearing
from him on a Saturday
and Sunday so often.
1258
01:01:09,767 --> 01:01:10,968
Now I hear from him more.
1259
01:01:16,273 --> 01:01:17,374
[Steve] Hey, Jackie.
1260
01:01:20,044 --> 01:01:23,080
How's my boy?
1261
01:01:23,881 --> 01:01:25,883
Okay.
1262
01:01:25,916 --> 01:01:28,018
I'm always trying
to evolve and get better
1263
01:01:28,052 --> 01:01:30,888
and you know,
I want to be a good--
a better father.
1264
01:01:30,921 --> 01:01:32,222
That's important to me now,
1265
01:01:32,256 --> 01:01:34,324
like, be a better husband.
1266
01:01:34,358 --> 01:01:38,262
Those are two goals I have.
I'm very selfish,
self-centered guy.
1267
01:01:38,295 --> 01:01:39,696
And it's a struggle for me.
1268
01:01:42,432 --> 01:01:45,135
I don't know how he does
everything that he does.
1269
01:01:45,169 --> 01:01:50,040
Between building this business,
family and himself.
1270
01:01:51,876 --> 01:01:53,210
[Steve]
That's a whole other thing.
1271
01:01:54,311 --> 01:01:57,247
Parenting, wow.
1272
01:01:57,281 --> 01:01:59,449
I don't even know
what to say about it.
1273
01:02:01,318 --> 01:02:03,320
It was different from
my family at work.
1274
01:02:07,357 --> 01:02:08,826
I need Krissy.
1275
01:02:10,394 --> 01:02:11,862
And I need Amelia.
1276
01:02:13,964 --> 01:02:15,132
Let's start.
1277
01:02:17,067 --> 01:02:22,807
I have to say,
one of the great things
is picking people
1278
01:02:22,840 --> 01:02:25,142
to help you
with the journey.
1279
01:02:25,175 --> 01:02:29,279
So I was banned
being a director
or officer of a corporation.
1280
01:02:29,313 --> 01:02:34,018
We hired this kid in banking,
young neophyte named
Ed Rosenfeld.
1281
01:02:34,051 --> 01:02:36,120
The board had decided
to make a change
with the old CEO
1282
01:02:36,153 --> 01:02:38,388
and that I was
going to be the new
interim-CEO.
1283
01:02:38,422 --> 01:02:42,326
My first reaction was,
"What? Who?" [laughs]
1284
01:02:42,359 --> 01:02:45,996
Wall Street loved him.
Because he spoke
their language,
1285
01:02:46,030 --> 01:02:48,498
and Steve, was neither
an officer nor a director
1286
01:02:48,532 --> 01:02:50,801
and he was able to devote
all of his time to product.
1287
01:02:52,336 --> 01:02:54,104
Your name sake
Steve Madden,
1288
01:02:54,138 --> 01:02:56,573
he's still a contributing
designer, consultant,
what does he do?
1289
01:02:56,606 --> 01:02:58,909
Oh, yeah.
He's the Chief Designer,
1290
01:02:58,943 --> 01:03:01,011
he leads everything we do
from a creative standpoint
1291
01:03:01,045 --> 01:03:04,114
and he's-- he and his team
are the ones who
deserve the credit.
1292
01:03:04,514 --> 01:03:06,483
So as the CEO,
1293
01:03:06,516 --> 01:03:10,120
he started to put
our money that we were
making to good use.
1294
01:03:10,154 --> 01:03:16,126
We have 57 locations now
around the Far-East,
1295
01:03:16,160 --> 01:03:19,096
whereas one year
and two months ago
we had zero.
1296
01:03:19,129 --> 01:03:21,231
My brother was from
the new school,
1297
01:03:21,265 --> 01:03:22,900
even though he was
my only brother.
1298
01:03:22,933 --> 01:03:25,435
He understood like
entertaining clients.
1299
01:03:25,469 --> 01:03:28,138
He didn't really give
a shit about expenses.
1300
01:03:28,172 --> 01:03:31,008
The most expensive
bottles of champagne--
1301
01:03:31,041 --> 01:03:34,244
we would just
get the bills
and freak out.
1302
01:03:34,278 --> 01:03:36,546
But he was like,
"No, this is what I'm doing.
1303
01:03:36,580 --> 01:03:39,283
I'm bringing you
a country, you idiots."
1304
01:03:40,951 --> 01:03:42,319
[John]
UK was starting it,
1305
01:03:42,352 --> 01:03:44,588
Europe was starting it,
South Africa,
1306
01:03:44,621 --> 01:03:46,924
South America, China,
1307
01:03:46,957 --> 01:03:50,160
Japan. Israel, Australia,
they love it.
1308
01:03:52,396 --> 01:03:56,066
[Steve] So now
the financial acumen caught up
with the creative acumen
1309
01:03:56,100 --> 01:04:00,137
doing deals to supplement
the creative energy.
1310
01:04:01,071 --> 01:04:04,008
We started acquiring companies.
1311
01:04:04,041 --> 01:04:06,010
You know, usually just
big companies bought--
1312
01:04:06,043 --> 01:04:08,012
you know, buy companies.
And they're like--
1313
01:04:08,045 --> 01:04:10,114
we're making shoes
for teenagers,
now we're busying companies.
1314
01:04:11,348 --> 01:04:13,217
His understanding
of the music industry
1315
01:04:13,250 --> 01:04:14,651
and his understanding
of what--
1316
01:04:14,684 --> 01:04:17,321
what's happening
in trends outside of,
1317
01:04:17,354 --> 01:04:18,655
what's happening
with footwear,
1318
01:04:18,688 --> 01:04:21,225
that resonates
with some many people
1319
01:04:21,258 --> 01:04:25,029
and allows him, I think,
a tremendous runway.
1320
01:04:25,062 --> 01:04:27,998
We were able to take
the old school hot shoe
1321
01:04:28,032 --> 01:04:31,501
and marry it with
the new sort of
marketing procedures today.
1322
01:04:32,236 --> 01:04:33,503
Hi--
1323
01:04:33,537 --> 01:04:36,040
Weren't we talking to Iggy
about doing some shoes
1324
01:04:36,073 --> 01:04:37,341
What happened?
1325
01:04:37,374 --> 01:04:38,575
I'd been wanting
to get you in a room,
so I hold you hostage.
1326
01:04:41,345 --> 01:04:42,512
So how's it going?
1327
01:04:42,546 --> 01:04:44,414
Pretty well,
I loved the stuff that
you did with Iggy.
1328
01:04:44,448 --> 01:04:46,050
-Yeah.
-That was cool,
1329
01:04:46,083 --> 01:04:47,251
she's one of my
good friends.
1330
01:04:47,284 --> 01:04:48,452
Well, we know.
1331
01:04:48,485 --> 01:04:50,320
For Steve, his designs,
1332
01:04:50,354 --> 01:04:53,190
his influences, his energy
is based on music.
1333
01:04:53,223 --> 01:04:55,625
So when he wants
to connect with an artist.
1334
01:04:55,659 --> 01:04:57,127
It's different,
it's very personal.
1335
01:04:57,161 --> 01:04:59,363
Hello, Steve?
1336
01:04:59,396 --> 01:05:00,464
It's for you.
1337
01:05:00,497 --> 01:05:04,568
Yes, I kiss this shoe
and I like it.
1338
01:05:04,601 --> 01:05:07,571
That's that 13 year old
that was 20 years ago
when he started
1339
01:05:07,604 --> 01:05:10,307
is now 33,
he still has her.
1340
01:05:10,340 --> 01:05:11,575
I love them.
1341
01:05:11,608 --> 01:05:17,014
He has kind of defined
how to bring fashion
to the market.
1342
01:05:17,047 --> 01:05:19,049
Got the king right here.
Got the king right here.
1343
01:05:19,083 --> 01:05:21,585
[laughs] He is the king.
You know that.
1344
01:05:21,618 --> 01:05:25,055
Both of you damn guys,
you blindsided us.
1345
01:05:25,089 --> 01:05:27,124
If he's not on the street,
he's with a buyer,
1346
01:05:27,157 --> 01:05:29,326
he's talking with somebody
who knows somebody
that can help him
1347
01:05:29,359 --> 01:05:30,727
get that shoe
into another door.
1348
01:05:30,760 --> 01:05:32,396
It's like he's got
this underground network
1349
01:05:32,429 --> 01:05:34,531
where he just figures out
how to get the things rolling.
1350
01:05:36,033 --> 01:05:37,567
Did you guys grow up
wearing my shoes?
1351
01:05:37,601 --> 01:05:39,303
[Kendall Jenner]
Everyone grew up
wearing your shoes.
1352
01:05:39,336 --> 01:05:41,605
It's a gateway
shoe drug, you know.
1353
01:05:41,638 --> 01:05:43,207
Before you get
your Louis Vuittons,
1354
01:05:43,240 --> 01:05:44,508
you got to wear
Steve Madden.
1355
01:05:44,541 --> 01:05:47,277
[Kendall and Kylie Jenner]
Yeah. Uh-huh. Exactly.
1356
01:05:47,311 --> 01:05:50,447
I would like to be known
as a guy who did
all of that stuff,
1357
01:05:50,480 --> 01:05:53,283
not just,
"Oh, he was this business guy.
He was the shoe guy."
1358
01:05:53,317 --> 01:05:54,651
I was both.
1359
01:05:54,684 --> 01:05:56,386
I was a shoe
and a business guy
1360
01:05:57,721 --> 01:05:59,389
And I'm still not done yet.
1361
01:06:01,591 --> 01:06:04,728
You guys need
to do a wide shot
to show how massive
1362
01:06:04,761 --> 01:06:06,630
this Steve Madden booth is.
1363
01:06:06,663 --> 01:06:09,166
It's like from there
and goes all the way--
1364
01:06:09,199 --> 01:06:11,035
it's all Steve,
you understand?
1365
01:06:11,068 --> 01:06:12,736
So to come from
where he came from,
1366
01:06:12,769 --> 01:06:14,038
to weather the storm,
1367
01:06:14,071 --> 01:06:15,572
and now look at him.
1368
01:06:15,605 --> 01:06:18,042
That's why I love Steve.
Because he got
federally indicted,
1369
01:06:18,075 --> 01:06:22,046
so we have
like a weird kinship.
1370
01:06:22,079 --> 01:06:24,214
Because they indicted me
on money laundering.
1371
01:06:24,248 --> 01:06:25,582
I was facing 20 years.
1372
01:06:25,615 --> 01:06:27,751
But when he talks about
that part of his life.
1373
01:06:27,784 --> 01:06:30,587
I understand 100%.
1374
01:06:30,620 --> 01:06:33,223
[reporter] For people who
don't know Steve Madden,
the founder,
1375
01:06:33,257 --> 01:06:35,159
served a prison sentence,
1376
01:06:35,192 --> 01:06:39,329
and now he contributes
in a very-- you know,
important way.
1377
01:06:39,363 --> 01:06:41,065
[Steve] You know,
we'd like to be
a power of example
1378
01:06:41,098 --> 01:06:43,733
if we could to guys
that made mistakes.
1379
01:06:43,767 --> 01:06:46,203
There's things that we support.
1380
01:06:46,236 --> 01:06:48,205
The Doe Fund is one of them.
1381
01:06:48,238 --> 01:06:49,673
Defy is another.
1382
01:06:49,706 --> 01:06:51,375
[reporter] That's for
guys recently incarcerated.
1383
01:06:51,408 --> 01:06:52,876
They get out,
you put them to work,
1384
01:06:52,909 --> 01:06:55,079
a lot of jobs--
we actually see them in this
neighborhood cleaning up--
1385
01:06:55,112 --> 01:06:57,181
I think that's amazing
that you do that.
1386
01:06:57,214 --> 01:06:58,548
Yeah, there's a chance.
There's second chances.
1387
01:06:58,582 --> 01:06:59,749
The great thing
about America.
1388
01:07:09,726 --> 01:07:11,761
[all cheering]
1389
01:07:11,795 --> 01:07:14,298
[Verne Kneeley]
I didn't look for Steve,
that man was looking for me
1390
01:07:14,331 --> 01:07:16,100
by ear or something.
1391
01:07:16,133 --> 01:07:18,535
And I went to see him at a PA,
1392
01:07:18,568 --> 01:07:21,171
and everybody was around him.
1393
01:07:21,205 --> 01:07:24,208
And he stopped the PA.
He jumped up,
gave me a big hug.
1394
01:07:26,576 --> 01:07:28,478
He said, "I told you
I was famous."
1395
01:07:28,512 --> 01:07:30,214
[laughs]
1396
01:07:30,247 --> 01:07:31,481
-How you doing?
-All right.
1397
01:07:31,515 --> 01:07:33,417
-So we're getting it all set up
-Yeah, yeah.
1398
01:07:33,450 --> 01:07:35,119
[Verne] He was like,
"Hey man,
what do you want to do?
1399
01:07:35,152 --> 01:07:37,154
You want to work?
You want to do something?"
1400
01:07:37,187 --> 01:07:40,124
You know what I mean?
He was still that same guy.
1401
01:07:45,229 --> 01:07:47,131
So I'm standing on the side,
1402
01:07:47,164 --> 01:07:49,233
so people don't realize
that I'm with him.
1403
01:07:50,700 --> 01:07:53,170
Guy walks up to me, said,
1404
01:07:53,203 --> 01:07:56,606
"Look at him, man.
He thinks he's all that.
1405
01:07:56,640 --> 01:07:59,643
You know all the money.
Signing and throwing
things around.
1406
01:07:59,676 --> 01:08:02,078
He think,
'Oh, he's a big shot.'
1407
01:08:03,380 --> 01:08:04,881
I said, 'You don't even
know this guy.
1408
01:08:04,914 --> 01:08:07,184
And I tell you,
I know him personally.
1409
01:08:07,217 --> 01:08:09,553
He's not close to any of those
that you just said."
1410
01:08:11,288 --> 01:08:13,323
You don't try to please people,
you know,
1411
01:08:13,357 --> 01:08:14,758
because you never will.
1412
01:08:17,861 --> 01:08:21,831
There's a part of me that
doesn't believe that I'm really
that good, you know.
1413
01:08:21,865 --> 01:08:25,502
You know,
there's an element of
being a fraud, you know?
1414
01:08:25,535 --> 01:08:29,439
And so, I'm always
waiting for that moment
where, "Ah!
1415
01:08:29,473 --> 01:08:32,442
See, I knew I was shit
1416
01:08:32,476 --> 01:08:33,677
And now I've failed."
1417
01:08:33,710 --> 01:08:35,479
It's that thing.
So I'm so afraid of that.
1418
01:08:39,183 --> 01:08:41,551
You're never enough,
you know, that kind of bit.
1419
01:08:42,919 --> 01:08:45,455
That's why
I'm moved by
my need to grind
1420
01:08:45,489 --> 01:08:47,624
and the need to earn
all the time.
1421
01:08:51,228 --> 01:08:52,562
My work and my life are one.
1422
01:08:52,596 --> 01:08:54,464
It's-- you can't
separate them.
1423
01:08:56,400 --> 01:08:58,435
I don't think any entrepreneur
can separate them.
1424
01:08:58,468 --> 01:09:00,437
Who can we hire to do that?
1425
01:09:00,470 --> 01:09:01,838
We got to figure it out.
1426
01:09:01,871 --> 01:09:04,308
Everything is about
the project.
1427
01:09:04,341 --> 01:09:07,444
Everything is about
the struggle.
1428
01:09:07,477 --> 01:09:09,613
You know, just what
you're trying to do.
1429
01:09:09,646 --> 01:09:12,816
There's nothing more
important than that, that's it.
1430
01:09:12,849 --> 01:09:15,285
And I've felt that way
so many times.
1431
01:09:17,354 --> 01:09:20,224
My son would say,
"Daddy, why do you have
to work so much?"
1432
01:09:21,891 --> 01:09:24,894
Well, "I have to pay
for clothes
and the food that we eat,
1433
01:09:24,928 --> 01:09:26,630
this is what
Daddy does for a living."
1434
01:09:26,663 --> 01:09:28,332
I wanted them
to understand work,
1435
01:09:28,365 --> 01:09:30,267
what work is all about.
1436
01:09:30,300 --> 01:09:33,270
But the truth is,
is I love the work.
1437
01:09:33,303 --> 01:09:35,472
So Dad loves the work.
1438
01:09:35,505 --> 01:09:37,941
And now that
I'm getting older, 58 now,
1439
01:09:37,974 --> 01:09:42,479
you know, I'm thinking,
why do I keep pushing myself?
1440
01:09:46,283 --> 01:09:47,451
And it's because
I want to win.
1441
01:09:50,019 --> 01:09:54,658
[Rachelle] You take on
the responsibility
right along with him.
1442
01:09:54,691 --> 01:09:57,794
You want it to succeed,
same way he does.
1443
01:09:57,827 --> 01:09:59,963
And it's hard,
because you lose friends,
1444
01:09:59,996 --> 01:10:02,832
relationships go to shit
because it's like--
1445
01:10:02,866 --> 01:10:05,302
this becomes your priority.
1446
01:10:05,335 --> 01:10:07,671
Sometimes I'm like,
"I have kids, that's right."
1447
01:10:10,374 --> 01:10:14,010
[Wendy] Can I say this?
That it was great
to have Steve in prison.
1448
01:10:14,043 --> 01:10:19,449
It was the only time,
maybe even to this day
1449
01:10:19,483 --> 01:10:22,652
that, you know,
I got his full attention.
1450
01:10:22,686 --> 01:10:24,488
It was a different Steve
1451
01:10:27,557 --> 01:10:30,694
When he was
in this environment,
1452
01:10:30,727 --> 01:10:34,764
you know, he didn't see
what was right there.
1453
01:10:43,707 --> 01:10:45,742
He was never planning
on getting married
1454
01:10:48,845 --> 01:10:50,447
His whole life.
1455
01:10:56,820 --> 01:10:59,723
[Steve] When it at all costs,
there are costs. You know
1456
01:10:59,756 --> 01:11:00,990
I'm not proud of it
1457
01:11:02,526 --> 01:11:04,394
It's really
taken it's toll on me.
1458
01:11:04,428 --> 01:11:06,530
I have to say,
it's changed me.
1459
01:11:06,563 --> 01:11:09,032
You know, it's like,
"What the hell am I
doing this for?
1460
01:11:09,065 --> 01:11:11,768
What's happening here?"
1461
01:11:16,806 --> 01:11:19,743
So I'm thinking about my life
other than shoes, you know?
1462
01:11:46,370 --> 01:11:48,572
[Steve] Lot of loss,
lot of loss along the way.
1463
01:11:48,605 --> 01:11:51,341
But you know, that's--
that's the human condition,
I guess.
1464
01:11:53,877 --> 01:11:56,680
And now, you know,
I want to be with my kids.
1465
01:11:57,146 --> 01:11:58,882
Jack is here.
1466
01:11:58,915 --> 01:12:01,451
[Steve]
Okay, Jack is here?
1467
01:12:03,987 --> 01:12:06,523
I'm leaning on them now,
you know?
1468
01:12:06,556 --> 01:12:07,657
It feels like.
1469
01:12:16,099 --> 01:12:20,336
[indistinct]
1470
01:12:25,709 --> 01:12:27,411
It's okay if things are slower
1471
01:12:29,646 --> 01:12:31,715
It's okay, you know,
things can be slower.
1472
01:12:36,119 --> 01:12:38,087
Something changes, you know?
1473
01:12:38,121 --> 01:12:39,956
You're just less of a prick.
1474
01:12:41,425 --> 01:12:44,861
You know, you get older
you just--
1475
01:12:47,897 --> 01:12:48,932
I don't know.
1476
01:12:50,600 --> 01:12:51,635
I'm different
1477
01:12:53,537 --> 01:12:55,939
I'm different now.
1478
01:12:55,972 --> 01:12:58,041
But then I have moments where
I'm completely insane.
1479
01:12:58,074 --> 01:12:59,443
[laughs]
1480
01:13:11,187 --> 01:13:12,388
[gasps]
1481
01:13:21,030 --> 01:13:22,866
This is my office now.
1482
01:13:22,899 --> 01:13:25,435
It's not your office until
I say it's your office.
1483
01:13:25,469 --> 01:13:27,070
You just said it was my office.
1484
01:13:34,978 --> 01:13:36,713
They push me a lot.
1485
01:13:36,746 --> 01:13:39,783
Because they're so smart
I want to keep up with them.
1486
01:13:39,816 --> 01:13:41,851
It's a great team
and they're very talented.
1487
01:13:41,885 --> 01:13:43,987
So I have to work my ass off
to keep up with this crew.
1488
01:13:48,091 --> 01:13:49,192
Hello! [laughs]
1489
01:13:52,061 --> 01:13:54,531
So what are we talking about?
1490
01:14:07,677 --> 01:14:09,646
Turned 60 last Monday.
1491
01:14:16,252 --> 01:14:18,922
All right,
I'll see you over there.
1492
01:14:18,955 --> 01:14:20,456
All right.
I'll see you there.
1493
01:14:20,490 --> 01:14:22,592
[interviewer] Have you found
that love for the business
at all like Steve?
1494
01:14:22,626 --> 01:14:25,595
Yeah, man. I find myself
sometimes always
watching women's feet
1495
01:14:26,730 --> 01:14:28,131
You know? Always.
1496
01:14:34,604 --> 01:14:36,072
I'll talk to you later,
goodbye.
1497
01:14:36,105 --> 01:14:38,107
"How's the documentary
about yourself going?"
1498
01:14:38,975 --> 01:14:40,143
My ex-wife.
1499
01:14:51,888 --> 01:14:54,624
Everybody's full of shit right?
1500
01:14:54,658 --> 01:14:56,693
I mean, really.
At the end of the day,
1501
01:14:56,726 --> 01:14:58,127
we're all the same.
1502
01:14:58,161 --> 01:15:00,263
We're all doing
the best we can.
1503
01:15:17,947 --> 01:15:19,115
[mobile ringing]
1504
01:15:22,986 --> 01:15:23,953
Hey, Steve.
112972
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