Former Cadwalader partner and self-described fanboy finds success with toy company
Corrected: Jordan Schwartz, who was a finance partner with Cadwalader, Wickersham & Taft, decided around 2008 that he should start doing something else, after the real estate crash left him with significantly less work.
So he opened a toy company, Factory Entertainment, that now makes licensed products for movies and television series including Jaws , Ghostbusters and Game of Thrones, the New York Times’ DealBook blog reports.
“In structured finance, transactions always close, so you had to get focused and you had to hustle. Take that and bring it into a sleepy toy business,” says Schwartz, who has always loved pop culture and science fiction.
His products include a stuffed wolf cub from Game of Thrones and a Teenage Mutant Ninja Turtles katana. Fanboys, he says, have more complaints about his work than corporate clients ever did.
“There is a small number of people who like to vent their spleen on the internet,” Schwartz says, “but below that, there is a mountain of people who are happy.”
Correction
Updated on Dec. 23 to fix a spelling error in the headline.
