What do you think about the deal between Ruth and Nestle, going by published reports?
Who got the better deal?
Originally shared by VAL-U-PRO CONSULTING GROUP, LLC - SRIKANTH KIDAMBI
Mrs. Ruth Graves Wakefield
Creator/Inventor of Chocolate Chip Cookie
Legend and Nestle USA website has it that the creation of the chocolate chip cookie by Mrs. Wakefield was a serendipitous one, but there are reports out there, which questions this legend due to Ruth's credentials, both educational and experiential, and her diverse and proven abilities in this field prior to coming up with the chocolate chip cookie.
As the saying goes, "chance favors an observant", and Mrs. Wakefield happened to be the first one to think out of the box to come up with a working chocolate chip cookie by trying out adding chocolate pieces to a cookie dough.
What is the big deal coming up with a Chocolate chip cookie?
Annually, Nestle sells around 90 billion morsels of chocolate chips, and as per reports out there, at least 50% of homemade Chocolate chip cookies in US happens to be the Toll House brand, which includes Wakefield's recipe.
Chocolate chip cookies also happened to be a major diet source for military during WWII.
What did Mrs. Wakefield get for selling the rights to reproduce the recipe to Nestle in 1939?
Supposedly, Ruth received a $1, recipe consulting gig at Nestle, along with a lifetime supply of chocolates.
What do you think about this deal between Ruth & Nestle? Who got a better deal?