No one really knows. The 116-year-old company, run by one of America’s oldest CEOs, has become increasingly secretive over the years, severing nearly all of its connections to the outside world. Tootsie Roll shuns journalists, refuses to hold quarterly earnings calls, and issues crookedly-scanned PDFs for its earnings releases. The last securities industry analyst to maintain coverage of the company stopped last year because it was too hard to get information.
The Journal was able find one person to talk to:
“Their age is no concern, none whatsoever,” said Jerry Schmutzler, 70, who works the midnight shift in the boiler room of Tootsie Roll’s Chicago factory.