1 00:00:09,509 --> 00:00:12,979 [ROCK MUSIC] 2 00:00:13,046 --> 00:00:20,820 ♪ ♪ 3 00:00:20,887 --> 00:00:28,061 ♪ ♪ 4 00:00:28,128 --> 00:00:31,631 [CHEERS AND APPLAUSE] 5 00:00:31,698 --> 00:00:32,399 >> John: WELCOME, WELCOME, 6 00:00:32,465 --> 00:00:34,567 WELCOME TO "LAST WEEK TONIGHT!" 7 00:00:34,634 --> 00:00:35,001 I'M JOHN OLIVER. 8 00:00:35,068 --> 00:00:35,435 THANK YOU SO MUCH 9 00:00:35,502 --> 00:00:39,773 FOR JOINING US. 10 00:00:39,839 --> 00:00:40,640 IT HAS BEEN A BUSY WEEK. 11 00:00:40,707 --> 00:00:41,408 FINLAND AND SWEDEN APPLIED TO 12 00:00:41,474 --> 00:00:42,208 JOIN NATO, GEORGE W. BUSH 13 00:00:42,275 --> 00:00:43,276 BASICALLY ADMITTED TO WAR CRIMES 14 00:00:43,343 --> 00:00:45,245 BY ACCIDENT, AND MONKEYPOX CASES 15 00:00:45,311 --> 00:00:47,347 WERE REPORTED IN MULTIPLE 16 00:00:47,414 --> 00:00:48,882 COUNTRIES, TO WHICH WE ALL 17 00:00:48,948 --> 00:00:51,785 COLLECTIVELY SAID, "NOT NOW!" 18 00:00:51,851 --> 00:00:52,619 BUT WE'RE GOING TO START WITH 19 00:00:52,685 --> 00:00:53,820 THE MIDTERM ELECTIONS. 20 00:00:53,887 --> 00:00:55,188 ON TUESDAY, ALL THESE STATES 21 00:00:55,255 --> 00:00:56,856 HELD THEIR PRIMARIES, RESULTING 22 00:00:56,923 --> 00:00:58,625 IN, AMONG OTHER THINGS, MADISON 23 00:00:58,691 --> 00:00:59,993 CAWTHORN LOSING HIS, MEANING 24 00:01:00,059 --> 00:01:02,629 HE'S NOW OFFICIALLY SET A RECORD 25 00:01:02,695 --> 00:01:05,064 FOR SHORTEST TERM TO EVER BE 26 00:01:05,131 --> 00:01:06,433 SERVED BY A LITTLE BITCH. 27 00:01:06,499 --> 00:01:07,534 ALTHOUGH PERHAPS THE MOST 28 00:01:07,600 --> 00:01:08,435 CONSEQUENTIAL NEWS CAME OUT OF 29 00:01:08,501 --> 00:01:09,102 THE KEY SWING STATE OF 30 00:01:09,169 --> 00:01:10,270 PENNSYLVANIA. 31 00:01:10,336 --> 00:01:11,604 THEIR REPUBLICAN SENATE RACE 32 00:01:11,671 --> 00:01:12,505 SEEMS HEADED FOR A RECOUNT AFTER 33 00:01:12,572 --> 00:01:14,641 DAVID MCCORMICK AND OPRAH'S 34 00:01:14,707 --> 00:01:16,109 WORST GIVEAWAY WOUND UP 35 00:01:16,176 --> 00:01:18,745 IN A NEAR-TIE. 36 00:01:18,812 --> 00:01:19,879 AND THEIR GUBERNATORIAL RACE 37 00:01:19,946 --> 00:01:22,449 SAW THIS ALARMING RESULT. 38 00:01:22,515 --> 00:01:23,516 >> IN THE RACE FOR PENNSYLVANIA 39 00:01:23,583 --> 00:01:24,250 GOVERNOR, A TRUMP FAVORITE WON 40 00:01:24,317 --> 00:01:25,885 THE REPUBLICAN NOMINATION. 41 00:01:25,952 --> 00:01:26,753 FAR RIGHT STATE SENATOR DOUG 42 00:01:26,820 --> 00:01:28,955 MASTRIANO ENTHUSIASTICALLY 43 00:01:29,022 --> 00:01:31,324 PROMOTED THE LIE THAT WIDESPREAD 44 00:01:31,391 --> 00:01:33,526 ELECTION FRAUD LED TO THE FORMER 45 00:01:33,593 --> 00:01:35,662 PRESIDENT'S 2020 DEFEAT. 46 00:01:35,728 --> 00:01:37,597 HE ALSO MARCHED ON THE CAPITAL 47 00:01:37,664 --> 00:01:39,499 ON JANUARY 6TH, THOUGH MASTRIANO 48 00:01:39,566 --> 00:01:44,270 SAYS HE NEVER BROKE THE LAW. 49 00:01:44,337 --> 00:01:45,538 >> John: YEAH, HE MARCHED ON THE 50 00:01:45,605 --> 00:01:46,139 CAPITOL ON JANUARY 6TH, 51 00:01:46,206 --> 00:01:46,706 SOMETHING WHICH HAS BECOME 52 00:01:46,773 --> 00:01:47,373 A WEIRD POINT OF PRIDE FOR 53 00:01:47,440 --> 00:01:48,208 REPUBLICANS. 54 00:01:48,274 --> 00:01:49,576 IT'S LIKE HEARING SOMEONE BRAG 55 00:01:49,642 --> 00:01:50,743 THAT THEY WERE ON THE BOAT 56 00:01:50,810 --> 00:01:52,078 THE NIGHT NATALIE WOOD DIED. 57 00:01:52,145 --> 00:01:53,279 I DON'T KNOW WHAT'S MORE 58 00:01:53,346 --> 00:01:54,481 TROUBLING -- THAT YOU THINK THAT 59 00:01:54,547 --> 00:01:55,482 MAKES YOU SOUND GOOD OR THAT 60 00:01:55,548 --> 00:01:56,149 SOME PEOPLE MIGHT ACTUALLY AGREE 61 00:01:56,216 --> 00:01:59,819 WITH YOU. 62 00:01:59,886 --> 00:02:00,720 BUT MASTRIANO WENT BEYOND 63 00:02:00,787 --> 00:02:01,387 MARCHING. 64 00:02:01,454 --> 00:02:02,455 AS STATE SENATOR, HE HELD 65 00:02:02,522 --> 00:02:02,922 A HEARING AMPLIFYING 66 00:02:02,989 --> 00:02:04,524 TRUMP'S ELECTION CONSPIRACIES, 67 00:02:04,591 --> 00:02:05,525 FEATURING SPECIAL GUEST 68 00:02:05,592 --> 00:02:07,460 RUDY GIULIANI. 69 00:02:07,527 --> 00:02:09,662 AND HE'S MADE IT CLEAR THAT HE'S 70 00:02:09,729 --> 00:02:11,264 ACUTELY AWARE OF HOW MUCH POWER 71 00:02:11,331 --> 00:02:12,398 HE'D HAVE AS GOVERNOR OVER THE 72 00:02:12,465 --> 00:02:15,602 NEXT ELECTION. 73 00:02:15,668 --> 00:02:16,970 >> I COULD DECERTIFY EVERY 74 00:02:17,036 --> 00:02:18,071 MACHINE IN THE STATE WITH THE 75 00:02:18,137 --> 00:02:19,005 STROKE OF A PEN VIA MY SECRETARY 76 00:02:19,072 --> 00:02:20,573 OF STATE. 77 00:02:20,640 --> 00:02:21,441 I ALREADY HAVE THE SECRETARY OF 78 00:02:21,508 --> 00:02:23,743 STATE PICKED OUT. 79 00:02:23,810 --> 00:02:25,879 IT'S A WORLD-CLASS PERSON THAT 80 00:02:25,945 --> 00:02:26,746 KNOWS VOTING INTEGRITY BETTER 81 00:02:26,813 --> 00:02:27,814 THAN ANYONE ELSE IN THE NATION, 82 00:02:27,881 --> 00:02:29,048 I THINK, AND I ALREADY HAVE A 83 00:02:29,115 --> 00:02:29,716 TEAM THAT'S GONNA BE BUILT 84 00:02:29,782 --> 00:02:31,551 AROUND THAT INDIVIDUAL. 85 00:02:31,618 --> 00:02:33,987 >> John: WOW, THAT'S OMINOUS. 86 00:02:34,053 --> 00:02:34,554 I DON'T KNOW WHO HE'S GOT IN 87 00:02:34,621 --> 00:02:35,555 MIND, BUT I DO KNOW THAT THERE'S 88 00:02:35,622 --> 00:02:36,122 NO WAY THEY'RE A WORLD-CLASS 89 00:02:36,189 --> 00:02:40,527 PERSON. 90 00:02:40,593 --> 00:02:41,528 BECAUSE, ONE, ANYONE MASTRIANO 91 00:02:41,594 --> 00:02:42,195 LIKES IS IMMEDIATELY SUSPICIOUS, 92 00:02:42,262 --> 00:02:43,530 AND TWO, THE ONLY TRULY 93 00:02:43,596 --> 00:02:44,797 "WORLD-CLASS" PEOPLE ON THE 94 00:02:44,864 --> 00:02:46,799 PLANET ARE DOLLY PARTON AND... 95 00:02:46,866 --> 00:02:50,637 END OF LIST. 96 00:02:50,703 --> 00:02:51,671 AND EVEN IF MASTRIANO DIDN'T 97 00:02:51,738 --> 00:02:53,172 SEEM HELL-BENT ON THROWING 98 00:02:53,239 --> 00:02:56,976 ELECTIONS TO TRUMP, 99 00:02:57,043 --> 00:02:58,044 HE WOULD BE A NIGHTMARE. 100 00:02:58,111 --> 00:02:58,711 HE'S PROMISED TO ESTABLISH 101 00:02:58,778 --> 00:03:00,680 PENNSYLVANIA AS A SECOND 102 00:03:00,747 --> 00:03:01,347 AMENDMENT SANCTUARY 103 00:03:01,414 --> 00:03:02,348 AND SUPPORTS A TOTAL BAN ON 104 00:03:02,415 --> 00:03:03,049 ABORTION WITH NO EXCEPTIONS FOR 105 00:03:03,116 --> 00:03:04,017 RAPE, INCEST, OR SITUATIONS 106 00:03:04,083 --> 00:03:06,052 WHERE THE MOTHER MIGHT DIE. 107 00:03:06,119 --> 00:03:07,320 WHICH ISN'T REALLY A SURPRISE, 108 00:03:07,387 --> 00:03:11,124 AS HE TENDS TO WEAR HIS FAITH ON 109 00:03:11,190 --> 00:03:12,258 HIS SLEEVE, AND SOMETIMES EVEN 110 00:03:12,325 --> 00:03:13,760 AROUND HIS NECK, WITH AN ARRAY 111 00:03:13,826 --> 00:03:14,694 OF MESSAGE TIES, INCLUDING THIS 112 00:03:14,761 --> 00:03:15,662 BURGUNDY DISASTER THAT SAYS, 113 00:03:15,728 --> 00:03:16,996 "GAVE PROOF 114 00:03:17,063 --> 00:03:18,097 THROUGH THE NIGHT, IN GOD WE 115 00:03:18,164 --> 00:03:19,499 TRUST," WHICH IS... 116 00:03:19,566 --> 00:03:21,868 NOT HOW THAT SONG GOES. 117 00:03:21,935 --> 00:03:23,069 THIS CHAOTIC NIGHTMARE WITH 118 00:03:23,136 --> 00:03:24,470 WORDS LIKE "PRAISE GOD" AND 119 00:03:24,537 --> 00:03:26,573 "PRAISE HIM" IN A DESIGN I CAN 120 00:03:26,639 --> 00:03:27,540 ONLY DESCRIBE AS "BIBLICAL XEROX 121 00:03:27,607 --> 00:03:29,542 MISTAKE." 122 00:03:29,609 --> 00:03:30,877 AND THIS ONE THAT SAYS, "WITH 123 00:03:30,944 --> 00:03:32,111 GOD, ALL THINGS ARE POSSIBLE," 124 00:03:32,178 --> 00:03:33,846 WHICH I'M GUESSING COMES FROM 125 00:03:33,913 --> 00:03:34,614 THE JC PENNEY "YOUTH MINISTER 126 00:03:34,681 --> 00:03:39,986 DUI HEARING" SECTION. 127 00:03:40,053 --> 00:03:41,087 AND MASTRIANO HAS FLIRTED WITH 128 00:03:41,154 --> 00:03:42,055 THE EXTREME FRINGES OF HIS 129 00:03:42,121 --> 00:03:42,322 PARTY. 130 00:03:42,388 --> 00:03:44,157 JUST RECENTLY, HE WAS ADVERTISED 131 00:03:44,223 --> 00:03:44,757 AS A SPEAKER FOR A CONFERENCE 132 00:03:44,824 --> 00:03:45,992 ORGANIZED BY FRANCINE AND ALLEN 133 00:03:46,059 --> 00:03:47,126 FOSDICK, SELF-DESCRIBED PROPHETS 134 00:03:47,193 --> 00:03:49,495 WHO HAVE LONG PROMOTED QANON. 135 00:03:49,562 --> 00:03:50,663 AND WHILE, IN THE PAST, HIS 136 00:03:50,730 --> 00:03:51,831 SPOKESPERSON HAS TRIED TO 137 00:03:51,898 --> 00:03:52,966 DISTANCE HIM FROM THOSE PEOPLE, 138 00:03:53,032 --> 00:03:54,133 SAYING HE "STRONGLY CONDEMNS 139 00:03:54,200 --> 00:03:56,369 THE QANON CONSPIRACY THEORY," 140 00:03:56,436 --> 00:03:56,836 HE NOT ONLY TURNED UP 141 00:03:56,903 --> 00:03:58,137 TO THE EVENT BUT WAS PRESENTED 142 00:03:58,204 --> 00:04:01,274 ONSTAGE WITH AN UNUSUAL GIFT. 143 00:04:01,341 --> 00:04:02,575 >> WE JUST THANK YOU FOR BEING 144 00:04:02,642 --> 00:04:04,310 A PART OF THIS CONFERENCE, 145 00:04:04,377 --> 00:04:06,112 BEING A PART OF ALL OF 146 00:04:06,179 --> 00:04:07,814 OUR LIVES, AND REALLY MAKING 147 00:04:07,880 --> 00:04:09,716 A DIFFERENCE AND SETTING 148 00:04:09,782 --> 00:04:12,051 A PRECEDENT FOR PENNSYLVANIA, 149 00:04:12,118 --> 00:04:13,953 BUT NOT ONLY PENNSYLVANIA, 150 00:04:14,020 --> 00:04:15,555 FOR OUR COUNTRY. 151 00:04:15,622 --> 00:04:17,390 THANK YOU, BOTH OF YOU, SO MUCH. 152 00:04:17,457 --> 00:04:19,158 AMEN. 153 00:04:19,225 --> 00:04:21,094 >> OH, YEAH. 154 00:04:21,160 --> 00:04:26,699 WHERE'S GOLIATH? 155 00:04:26,766 --> 00:04:28,468 >> John: YOU KNOW, 156 00:04:28,534 --> 00:04:29,435 IT'S GENUINELY HARD TO PICK THE 157 00:04:29,502 --> 00:04:30,770 WILDEST PART OF THAT -- 158 00:04:30,837 --> 00:04:32,505 FROM THE PLASTIC EAGLE 159 00:04:32,572 --> 00:04:32,872 THAT SEEMS TO BE 160 00:04:32,939 --> 00:04:33,973 TELEPATHICALLY SCREAMING 161 00:04:34,040 --> 00:04:36,576 "I HAD NOTHING TO DO WITH THIS," 162 00:04:36,643 --> 00:04:38,544 TO THIS GENTLEMAN'S ALL-AMERICAN 163 00:04:38,611 --> 00:04:40,680 FLAG ELEGANZA, TO THE FACT 164 00:04:40,747 --> 00:04:45,551 MASTRIANO WAS GIVEN A FULL-SIZED 165 00:04:45,618 --> 00:04:49,789 SWORD AS A GIFT, A TOKEN OF 166 00:04:49,856 --> 00:04:50,523 APPRECIATION THAT SCREAMS 167 00:04:50,590 --> 00:04:51,324 "HAVE FUN GETTING 168 00:04:51,391 --> 00:04:52,392 THIS TO YOUR CAR." 169 00:04:52,458 --> 00:04:52,992 ANYWAY, THE FACT IS, MASTRIANO 170 00:04:53,059 --> 00:04:54,027 IS NOW THE REPUBLICAN NOMINEE 171 00:04:54,093 --> 00:04:54,627 AND WILL BE RUNNING THIS FALL 172 00:04:54,694 --> 00:04:55,561 AGAINST DEMOCRATIC CANDIDATE 173 00:04:55,628 --> 00:04:56,162 JOSH SHAPIRO, WHO'S CURRENTLY 174 00:04:56,229 --> 00:04:56,763 THE STATE'S A.G. 175 00:04:56,829 --> 00:04:57,897 HE ACTUALLY RAN UNOPPOSED, 176 00:04:57,964 --> 00:04:59,432 SO HE DIDN'T HAVE TO CAMPAIGN. 177 00:04:59,499 --> 00:05:02,135 BUT HE CHOSE TO GET INVOLVED IN 178 00:05:02,201 --> 00:05:02,735 THE REPUBLICAN RACE ANYWAY BY 179 00:05:02,802 --> 00:05:03,936 RUNNING ADS CLEARLY DESIGNED TO 180 00:05:04,003 --> 00:05:05,672 BOOST MASTRIANO AMONG THE 181 00:05:05,738 --> 00:05:07,640 CONSERVATIVE BASE. 182 00:05:07,707 --> 00:05:10,143 >> IF MASTRIANO WINS, IT'S A WIN 183 00:05:10,209 --> 00:05:10,710 FOR WHAT DONALD TRUMP STANDS 184 00:05:10,777 --> 00:05:12,278 FOR. 185 00:05:12,345 --> 00:05:13,946 >> THIS STATEWIDE AD IS PAID FOR 186 00:05:14,013 --> 00:05:16,816 BY SHAPIRO FOR PENNSYLVANIA, 187 00:05:16,883 --> 00:05:18,351 GAMBLING THAT BY BOOSTING A MORE 188 00:05:18,418 --> 00:05:19,886 RIGHT-WING CANDIDATE IN A SWING 189 00:05:19,952 --> 00:05:22,088 STATE, DEMOCRATS COME OUT ON TOP 190 00:05:22,155 --> 00:05:23,256 THIS NOVEMBER. 191 00:05:23,322 --> 00:05:24,257 >> John: WELL, 192 00:05:24,323 --> 00:05:25,992 THAT IS FUCKING RISKY. 193 00:05:26,059 --> 00:05:29,295 BECAUSE LOOK, I GET THE TACTIC 194 00:05:29,362 --> 00:05:29,862 BEHIND WANTING TO CHOOSE AN 195 00:05:29,929 --> 00:05:32,598 OPPONENT THAT YOU THINK YOU HAVE 196 00:05:32,665 --> 00:05:33,866 A BETTER CHANCE OF BEATING. 197 00:05:33,933 --> 00:05:34,467 BUT AS HAS BEEN MADE PAINFULLY 198 00:05:34,534 --> 00:05:36,035 CLEAR OVER THE LAST DECADE, THE 199 00:05:36,102 --> 00:05:38,071 MOST EXTREME REPUBLICAN ISN'T 200 00:05:38,137 --> 00:05:42,175 NECESSARILY THE LEAST ELECTABLE. 201 00:05:42,241 --> 00:05:42,975 SO I REALLY HOPE DEMOCRATS KNOW 202 00:05:43,042 --> 00:05:43,743 WHAT THEY'RE DOING WITH 203 00:05:43,810 --> 00:05:44,444 MASTRIANO, BUT THEY'D BE MAKING 204 00:05:44,510 --> 00:05:44,844 A HUGE MISTAKE IN 205 00:05:44,911 --> 00:05:46,579 UNDERESTIMATING HIM. 206 00:05:46,646 --> 00:05:48,414 BECAUSE, IF I MAY QUOTE MY OWN 207 00:05:48,481 --> 00:05:50,917 FAVORITE TIE, "ALL THINGS ARE 208 00:05:50,983 --> 00:05:52,785 POSSIBLE, AND MOST OF THOSE 209 00:05:52,852 --> 00:05:55,021 POSSIBILITIES ARE VERY BAD." 210 00:05:55,088 --> 00:06:01,761 AND NOW THIS. 211 00:06:01,828 --> 00:06:03,429 >> Announcer: -- SOME THINGS 212 00:06:03,496 --> 00:06:05,598 THEY SAY IN TEXAS. 213 00:06:05,665 --> 00:06:07,800 >> THERE'S A SAYING IN TEXAS 214 00:06:07,867 --> 00:06:10,369 WHEN YOUR BIRD HUNTING, SHORTED 215 00:06:10,436 --> 00:06:12,205 EVERYTHING, TAKE CREDIT FOR 216 00:06:12,271 --> 00:06:12,772 ANYTHING THAT FALLS. 217 00:06:12,839 --> 00:06:15,141 >> AS WE SAY IN TEXAS WHILE 218 00:06:15,208 --> 00:06:16,442 USING NUTCRACKER IF YOU'VE GOT 219 00:06:16,509 --> 00:06:17,076 ACCESS TO A SLEDGEHAMMER. 220 00:06:17,143 --> 00:06:19,812 >> THE ONLY THING YOU FIND IN 221 00:06:19,879 --> 00:06:21,514 TEXAS IN THE MIDDLE OF THE ROAD 222 00:06:21,581 --> 00:06:22,782 IS YELLOW STRIPES AND DEAD 223 00:06:22,849 --> 00:06:23,082 ARMADILLOS. 224 00:06:23,149 --> 00:06:26,753 >> EVERY RAT YOU SEE, THERE'S 50 225 00:06:26,819 --> 00:06:27,153 YOU DON'T. 226 00:06:27,220 --> 00:06:30,056 >> LIKE WE SAY IN TEXAS, AND GET 227 00:06:30,123 --> 00:06:32,125 IT. 228 00:06:32,191 --> 00:06:34,193 >> IN TEXAS WE HAVE A DEAL 229 00:06:34,260 --> 00:06:36,796 CALLED DON'T LET YOUR ALLIGATOR 230 00:06:36,863 --> 00:06:37,430 MOUTH OVERLOAD YOUR HUMMINGBIRD 231 00:06:37,497 --> 00:06:37,697 REAR END. 232 00:06:37,764 --> 00:06:41,501 >> I'M NOT EVEN SURE WHAT THAT 233 00:06:41,567 --> 00:06:41,968 MEANS. 234 00:06:42,034 --> 00:06:43,836 >> HOGS GET SLAUGHTERED. 235 00:06:43,903 --> 00:06:46,038 IF HE WERE BACON, HE WOULDN'T 236 00:06:46,105 --> 00:06:46,272 SIZZLE. 237 00:06:46,339 --> 00:06:48,407 >> IT WAS A HORNSWAGGLE. 238 00:06:48,474 --> 00:06:49,776 >> CLOSE THE BARN DOOR BEFORE 239 00:06:49,842 --> 00:06:50,443 THE COW GETS OUT. 240 00:06:50,510 --> 00:06:52,078 >> AS WE SAY IN TEXAS THAT AIN'T 241 00:06:52,145 --> 00:06:52,779 NO POLAR BEAR. 242 00:06:52,845 --> 00:06:56,415 >> AS WE LOOK AT THIS IN TEXAS, 243 00:06:56,482 --> 00:06:58,184 ALL HAT, NO CATTLE. 244 00:06:58,251 --> 00:06:59,819 >> ALL HAT, NO CATTLE. 245 00:06:59,886 --> 00:07:02,221 >> ALL HAT, NO CATTLE. 246 00:07:02,288 --> 00:07:05,691 >> WHAT THE TEXANS CALL ALL 247 00:07:05,758 --> 00:07:06,759 CATTLE, NO HAT. 248 00:07:06,826 --> 00:07:11,364 >> NO. 249 00:07:11,430 --> 00:07:14,200 >> John: MOVING ON. 250 00:07:14,267 --> 00:07:15,234 OUR MAIN STORY TONIGHT CONCERNS 251 00:07:15,301 --> 00:07:15,835 SANDWICHES. 252 00:07:15,902 --> 00:07:16,469 SPECIFICALLY, SUBWAY SANDWICHES, 253 00:07:16,536 --> 00:07:17,003 DAD'S ATTEMPT AT DINNER. 254 00:07:17,069 --> 00:07:18,504 IT CAN SEEM LIKE SUBWAY'S IN THE 255 00:07:18,571 --> 00:07:19,605 NEWS PRETTY OFTEN, AND IT'S 256 00:07:19,672 --> 00:07:21,040 RARELY FOR ANYTHING GOOD. 257 00:07:21,107 --> 00:07:22,675 >> FAST-FOOD CHAIN SUBWAY BEING 258 00:07:22,742 --> 00:07:24,143 SUED FOR FRAUD ACCUSED OF 259 00:07:24,210 --> 00:07:26,312 SELLING TUNA THAT ISN'T ACTUALLY 260 00:07:26,379 --> 00:07:27,313 TUNA. 261 00:07:27,380 --> 00:07:29,248 >> IRELAND'S SUPREME COURT SAYS 262 00:07:29,315 --> 00:07:31,050 SUBWAY'S BREAD CAN'T LEGALLY BE 263 00:07:31,117 --> 00:07:32,084 CALLED BREAD BECAUSE IT CONTAINS 264 00:07:32,151 --> 00:07:33,686 TOO MUCH SUGAR. 265 00:07:33,753 --> 00:07:34,687 >> SUBWAY CUSTOMERS ARE FILING 266 00:07:34,754 --> 00:07:36,055 LAWSUITS AGAINST THE GLOBAL 267 00:07:36,122 --> 00:07:38,024 SANDWICH CHAIN SAYING ITS 268 00:07:38,090 --> 00:07:39,392 FOOTLONG SANDWICHES AREN'T 269 00:07:39,458 --> 00:07:40,893 REALLY A FOOT LONG. 270 00:07:40,960 --> 00:07:42,094 >> THESE ARE THE SHOCKING 271 00:07:42,161 --> 00:07:42,562 PICTURES THAT STARTED 272 00:07:42,628 --> 00:07:43,329 EVERYTHING. 273 00:07:43,396 --> 00:07:45,631 THEY WERE POSTED ON A SOCIAL 274 00:07:45,698 --> 00:07:46,232 MEDIA SITE AND ONE SHOWS A MAN 275 00:07:46,299 --> 00:07:47,867 PUTTING HIS GENITALS ON WHAT 276 00:07:47,934 --> 00:07:50,169 APPEARS TO BE SUBWAY BREAD DOUGH 277 00:07:50,236 --> 00:07:51,304 WITH THE CAPTION, "I WILL BE 278 00:07:51,370 --> 00:07:54,207 YOUR SANDWICH ARTIST TODAY." 279 00:07:54,273 --> 00:07:55,575 >> John: LOOK, BLURRED OR NOT, 280 00:07:55,641 --> 00:07:57,310 THAT PENIS ISN'T EVEN THE MOST 281 00:07:57,376 --> 00:07:59,212 OFFENSIVE PART OF THAT PHOTO. 282 00:07:59,278 --> 00:08:01,047 LOOK AT THE BREAD. 283 00:08:01,113 --> 00:08:02,381 IT LOOKS LIKE A CHILD'S DRAWING 284 00:08:02,448 --> 00:08:03,683 OF ED SHEERAN. 285 00:08:03,749 --> 00:08:06,018 AND THE SAD THING IS, YOU KNOW, 286 00:08:06,085 --> 00:08:06,686 JUST BY TOUCHING THE BREAD WITH 287 00:08:06,752 --> 00:08:08,621 THAT PENIS, THE PENIS IS RUINED 288 00:08:08,688 --> 00:08:10,389 FOREVER. 289 00:08:10,456 --> 00:08:11,824 HE'S GOT NO CHOICE BUT TO JUST 290 00:08:11,891 --> 00:08:13,092 THROW IT IN THE TRASH. 291 00:08:13,159 --> 00:08:14,560 BUT OF COURSE, WHEN YOU HEAR 292 00:08:14,627 --> 00:08:15,828 "P.R. NIGHTMARE FOR SUBWAY," 293 00:08:15,895 --> 00:08:16,829 YOUR HEAD IMMEDIATELY GOES TO 294 00:08:16,896 --> 00:08:17,930 THIS MAN, JARED. 295 00:08:17,997 --> 00:08:18,831 HE WAS THE FACE OF SUBWAY 296 00:08:18,898 --> 00:08:19,832 FOR 15 YEARS AFTER CLAIMING 297 00:08:19,899 --> 00:08:22,335 HE LOST 200 POUNDS, 298 00:08:22,401 --> 00:08:23,202 THANKS IN PART TO EATING 299 00:08:23,269 --> 00:08:25,471 SUBWAY EVERY DAY. 300 00:08:25,538 --> 00:08:26,606 HE EVEN FEATURED IN NEWS PUFF 301 00:08:26,672 --> 00:08:27,673 PIECES LIKE THIS, THAT PLAY A 302 00:08:27,740 --> 00:08:30,343 LOT DIFFERENTLY IN HINDSIGHT. 303 00:08:30,409 --> 00:08:31,644 >> JARED TAKES HIS PANTS ON THE 304 00:08:31,711 --> 00:08:33,813 ROAD 200 DAYS A YEAR, SPEAKING 305 00:08:33,880 --> 00:08:35,548 TO KIDS ABOUT NUTRITION. 306 00:08:35,615 --> 00:08:37,049 >> EVERYBODY NEEDS TO MAKE SURE 307 00:08:37,116 --> 00:08:38,551 THEY MAKE REALLY, REALLY GOOD 308 00:08:38,618 --> 00:08:40,620 HEALTHY DECISIONS EVERY DAY, SO 309 00:08:40,686 --> 00:08:42,221 THEY NEVER, EVER PUT THEMSELVES 310 00:08:42,288 --> 00:08:43,456 IN A POSITION TO HAVE TO WEAR 311 00:08:43,522 --> 00:08:45,825 JARED'S OLD PAIR OF PANTS. 312 00:08:45,892 --> 00:08:46,425 >> John: YEAH, YOU HEARD HIM, 313 00:08:46,492 --> 00:08:47,360 KIDS! 314 00:08:47,426 --> 00:08:49,262 STAY OUT OF JARED'S PANTS. 315 00:08:49,328 --> 00:08:51,764 NOTHING GOOD HAPPENS IN THERE. 316 00:08:51,831 --> 00:08:52,965 SUBWAY'S CLEARLY BEEN ON THE 317 00:08:53,032 --> 00:08:53,966 RECEIVING END OF A LOT OF 318 00:08:54,033 --> 00:08:54,967 TERRIBLE STORIES, AND TO DEAL 319 00:08:55,034 --> 00:08:57,303 WITH EACH ONE JUST QUICKLY: 320 00:08:57,370 --> 00:08:58,571 JARED'S A MONSTER AND SUBWAY 321 00:08:58,638 --> 00:08:59,405 SHOULD'VE ALWAYS BEEN SUSPICIOUS 322 00:08:59,472 --> 00:09:00,373 OF A MAN WILLING TO EAT THEIR 323 00:09:00,439 --> 00:09:02,441 TERRIBLE PRODUCT EVERY DAY. 324 00:09:02,508 --> 00:09:04,176 NOT-QUITE A FOOTLONG? 325 00:09:04,243 --> 00:09:06,312 THAT IS A BULLSHIT LAWSUIT, 326 00:09:06,379 --> 00:09:07,179 DIDN'T GO ANYWHERE. 327 00:09:07,246 --> 00:09:07,613 DOUGH-DONG? 328 00:09:07,680 --> 00:09:08,414 THAT DID HAPPEN, AND IT'S 329 00:09:08,481 --> 00:09:09,448 OBJECTIVELY FUNNY. 330 00:09:09,515 --> 00:09:10,349 IRELAND'S COURT RULING THAT 331 00:09:10,416 --> 00:09:10,950 SUBWAY'S BREAD CAN'T BE CALLED 332 00:09:11,017 --> 00:09:11,784 BREAD? 333 00:09:11,851 --> 00:09:13,119 THE COMPANY INSISTS, "SUBWAY'S 334 00:09:13,185 --> 00:09:15,855 BREAD IS, OF COURSE, BREAD." 335 00:09:15,922 --> 00:09:17,423 AND IF YOU'RE CURIOUS ABOUT THE 336 00:09:17,490 --> 00:09:18,658 TUNA, YOU CAN JUST VISIT 337 00:09:18,724 --> 00:09:20,660 SubwayTunaFacts.com, A REAL 338 00:09:20,726 --> 00:09:22,328 WEBSITE THE COMPANY FELT IT HAD 339 00:09:22,395 --> 00:09:25,064 TO LAUNCH TO DEBUNK TUNA MYTHS. 340 00:09:25,131 --> 00:09:26,432 ALTHOUGH THE MOMENT YOU'VE DONE 341 00:09:26,499 --> 00:09:27,800 THAT, IT DOES FEEL LIKE YOU'RE 342 00:09:27,867 --> 00:09:31,003 ALREADY LOSING THE ARGUMENT. 343 00:09:31,070 --> 00:09:32,204 BUT EVEN PUTTING ALL THOSE 344 00:09:32,271 --> 00:09:33,673 STORIES ASIDE, SUBWAY'S STILL 345 00:09:33,739 --> 00:09:35,541 WORTH LOOKING AT TONIGHT FOR A 346 00:09:35,608 --> 00:09:36,842 NUMBER OF REASONS, STARTING WITH 347 00:09:36,909 --> 00:09:37,743 THE FACT THAT IT'S A LOT BIGGER 348 00:09:37,810 --> 00:09:42,114 THAN YOU MIGHT THINK. 349 00:09:42,181 --> 00:09:43,516 SUBWAY'S ACTUALLY THE BIGGEST 350 00:09:43,582 --> 00:09:44,250 RESTAURANT CHAIN IN THE U.S. BY 351 00:09:44,317 --> 00:09:45,751 NUMBER OF LOCATIONS, AND FOR 352 00:09:45,818 --> 00:09:46,585 AWHILE, THEY HAD THE MOST 353 00:09:46,652 --> 00:09:47,687 LOCATIONS OF ANY RESTAURANT 354 00:09:47,753 --> 00:09:49,188 WORLDWIDE, BEATING BOTH 355 00:09:49,255 --> 00:09:51,390 STARBUCKS AND McDONALD'S. 356 00:09:51,457 --> 00:09:53,693 BUT IN RECENT YEARS, 357 00:09:53,759 --> 00:09:54,226 THINGS HAVE TAKEN A TURN. 358 00:09:54,293 --> 00:09:55,061 THOUSANDS OF ITS RESTAURANTS 359 00:09:55,127 --> 00:09:55,528 HAVE CLOSED, AND SOME 360 00:09:55,594 --> 00:09:57,730 FRANCHISEES -- THE PEOPLE WHO 361 00:09:57,797 --> 00:09:58,798 OWN AND OPERATE THEIR 362 00:09:58,864 --> 00:09:59,332 RESTAURANTS -- ARE GETTING 363 00:09:59,398 --> 00:10:02,435 RESTLESS. 364 00:10:02,501 --> 00:10:03,569 HERE IN THE U.S., 100 OF THEM 365 00:10:03,636 --> 00:10:04,670 GOT TOGETHER AND WROTE AN OPEN 366 00:10:04,737 --> 00:10:05,338 LETTER LAST YEAR, STATING THAT 367 00:10:05,404 --> 00:10:06,172 "FOR MANY OF US, THIS DREAM HAS 368 00:10:06,238 --> 00:10:09,208 TURNED INTO A NIGHTMARE." 369 00:10:09,275 --> 00:10:11,277 AND OVERSEAS, FRANCHISEES HAVE 370 00:10:11,344 --> 00:10:12,645 GIVEN INTERVIEWS LIKE THIS. 371 00:10:12,712 --> 00:10:15,548 >> ARE FRANCHISEES FRIGHTENED? 372 00:10:15,614 --> 00:10:16,849 >> PEOPLE ARE TERRIFIED. 373 00:10:16,916 --> 00:10:18,317 I FEEL THREATENED, BECAUSE I'M 374 00:10:18,384 --> 00:10:19,685 SCARED IF THEY TARGET US. 375 00:10:19,752 --> 00:10:20,653 >> FRANCHISEES CLAIM MANY WANT 376 00:10:20,720 --> 00:10:22,521 TO GET OUT, BUT SAY THEY CAN'T 377 00:10:22,588 --> 00:10:23,155 BECAUSE HEAD OFFICE WON'T 378 00:10:23,222 --> 00:10:24,056 APPROVE IT UNLESS EXPENSIVE 379 00:10:24,123 --> 00:10:27,827 REFURBISHMENTS ARE DONE. 380 00:10:27,893 --> 00:10:29,462 >> WE WANT TO ESCAPE, BUT THEY 381 00:10:29,528 --> 00:10:30,296 MAKE IT IMPOSSIBLE FOR US TO 382 00:10:30,363 --> 00:10:31,530 SELL. 383 00:10:31,597 --> 00:10:33,833 >> John: HOLY SHIT. 384 00:10:33,899 --> 00:10:34,834 YOU KNOW IT'S SERIOUS WHEN THEY 385 00:10:34,900 --> 00:10:36,068 USE A VOICE MODULATOR THAT CAN 386 00:10:36,135 --> 00:10:37,470 ONLY BE DESCRIBED AS 387 00:10:37,536 --> 00:10:40,339 "AUTOTUNED ANDRE THE GIANT." 388 00:10:40,406 --> 00:10:41,207 AND REMEMBER, THIS IS ABOUT 389 00:10:41,273 --> 00:10:42,775 A RESTAURANT THAT SELLS 390 00:10:42,842 --> 00:10:44,343 HAM SANDWICHES. 391 00:10:44,410 --> 00:10:45,277 WHAT'S THE WORST SUBWAY COULD DO 392 00:10:45,344 --> 00:10:46,512 TO THAT MAN? 393 00:10:46,579 --> 00:10:48,914 MAKE HIM EAT ONE? 394 00:10:48,981 --> 00:10:50,383 AND IF YOUR FRANCHISEES ARE 395 00:10:50,449 --> 00:10:51,283 GIVING INTERVIEWS LIKE THEY'RE 396 00:10:51,350 --> 00:10:52,785 IN WITNESS PROTECTION AND THE 397 00:10:52,852 --> 00:10:54,286 PUBLIC IS CONSTANTLY DEBATING IF 398 00:10:54,353 --> 00:10:55,454 YOUR BREAD IS BREAD, YOUR TUNA 399 00:10:55,521 --> 00:10:57,456 IS TUNA, AND WHETHER OR NOT YOUR 400 00:10:57,523 --> 00:10:58,724 SANDWICHES ARE FILLED WITH 401 00:10:58,791 --> 00:11:00,092 DICKS, SOMETHING HAS CLEARLY 402 00:11:00,159 --> 00:11:02,094 GONE VERY WRONG. 403 00:11:02,161 --> 00:11:03,095 SO TONIGHT, LET'S TALK ABOUT 404 00:11:03,162 --> 00:11:05,264 SUBWAY: WHERE IT CAME FROM, 405 00:11:05,331 --> 00:11:06,365 WHAT ITS BUSINESS MODEL IS, 406 00:11:06,432 --> 00:11:07,199 AND WHY THERE ARE 407 00:11:07,266 --> 00:11:10,002 SO FUCKING MANY OF THEM. 408 00:11:10,069 --> 00:11:10,603 AND LET'S START WITH A LITTLE 409 00:11:10,669 --> 00:11:11,537 HISTORY. 410 00:11:11,604 --> 00:11:12,538 SUBWAY WAS FOUNDED AS A SINGLE 411 00:11:12,605 --> 00:11:13,906 SUB SHOP CALLED PETE'S SUPER 412 00:11:13,973 --> 00:11:16,142 SUBMARINES BACK IN 1965 BY FRED 413 00:11:16,208 --> 00:11:17,510 DELUCA, WHO RAN THE COMPANY 414 00:11:17,576 --> 00:11:19,578 UNTIL HIS DEATH IN 2015. 415 00:11:19,645 --> 00:11:22,048 AND TO GIVE YOU A SENSE OF WHAT 416 00:11:22,114 --> 00:11:22,782 KIND OF MANAGER HE WAS. 417 00:11:22,848 --> 00:11:25,017 THE COMPANY ONCE DISTRIBUTED A 418 00:11:25,084 --> 00:11:25,851 LITERALLY NOT SAFE FOR WORK 419 00:11:25,918 --> 00:11:27,887 CALENDAR TO ITS EMPLOYEES, 420 00:11:27,953 --> 00:11:28,954 FEATURING PHOTOS OF SHIRTLESS 421 00:11:29,021 --> 00:11:30,189 SUBWAY EXECUTIVES, 422 00:11:30,256 --> 00:11:34,260 INCLUDING FRED AS MR. JANUARY. 423 00:11:34,326 --> 00:11:34,927 AND I HAVE A LOT TO SAY 424 00:11:34,994 --> 00:11:35,928 ABOUT THIS, 425 00:11:35,995 --> 00:11:37,596 THE LEAST IMPORTANT OF WHICH IS, 426 00:11:37,663 --> 00:11:40,332 WHY IS THIS GUY IN A BATHROOM? 427 00:11:40,399 --> 00:11:42,535 THE THEME IS CLEARLY 428 00:11:42,601 --> 00:11:44,003 "BUSINESS BUT MAKE IT NIPPLES" 429 00:11:44,070 --> 00:11:44,937 NOT "POLAROIDS OF UNCLE DALE 430 00:11:45,004 --> 00:11:47,173 BEFORE A SCRUB DOWN." 431 00:11:47,239 --> 00:11:49,008 ANYWAY, FROM THE VERY BEGINNING, 432 00:11:49,075 --> 00:11:50,476 DELUCA WAS ABSOLUTELY OBSESSED 433 00:11:50,543 --> 00:11:51,477 WITH EXPANSION. 434 00:11:51,544 --> 00:11:53,045 EVEN THOUGH THE BUSINESS DIDN'T 435 00:11:53,112 --> 00:11:55,014 MAKE A PROFIT FOR 15 YEARS, 436 00:11:55,081 --> 00:11:57,583 HE KEPT OPENING SUBWAYS ANYWAY, 437 00:11:57,650 --> 00:11:58,784 IN ORDER TO, AS HE LATER SAID, 438 00:11:58,851 --> 00:12:00,486 "CREATE THE IMAGE OF SUCCESS" 439 00:12:00,553 --> 00:12:02,855 SO IT REALLY SEEMS THAT SUBWAY'S 440 00:12:02,922 --> 00:12:04,323 BUSINESS STRATEGY WAS BASICALLY, 441 00:12:04,390 --> 00:12:05,091 "FAKE IT TILL YOU MAKE IT," 442 00:12:05,157 --> 00:12:06,058 WHICH APPARENTLY, OUR LAWYERS 443 00:12:06,125 --> 00:12:07,827 SAY I CANNOT SUGGEST ALSO 444 00:12:07,893 --> 00:12:08,928 APPLIES TO THEIR TUNA, 445 00:12:08,994 --> 00:12:10,830 SO I WON'T. 446 00:12:10,896 --> 00:12:14,467 I WILL NOT SUGGEST THAT. 447 00:12:14,533 --> 00:12:16,569 THE POINT IS, DELUCA HAD AN 448 00:12:16,635 --> 00:12:18,838 INSATIABLE DESIRE FOR GROWTH. 449 00:12:18,904 --> 00:12:19,605 WHICH MAY BE WHY, IN THE 450 00:12:19,672 --> 00:12:21,173 MID-'70s, SUBWAY MOVED TO THE 451 00:12:21,240 --> 00:12:22,541 FRANCHISE MODEL. 452 00:12:22,608 --> 00:12:23,776 THE BENEFIT FOR THE COMPANY 453 00:12:23,843 --> 00:12:25,177 BEING THAT THEY COULD HAVE MORE 454 00:12:25,244 --> 00:12:26,212 LOCATIONS THAT WAY, 455 00:12:26,278 --> 00:12:26,846 AND THE BENEFIT FOR 456 00:12:26,912 --> 00:12:28,681 FRANCHISEES, THEORETICALLY, 457 00:12:28,747 --> 00:12:29,949 BEING THAT THEY COULD SELL AN 458 00:12:30,015 --> 00:12:31,250 ESTABLISHED PRODUCT WITH BRAND 459 00:12:31,317 --> 00:12:33,219 RECOGNITION WITH THE PROMISE OF 460 00:12:33,285 --> 00:12:34,520 BEING THEIR OWN BOSS. 461 00:12:34,587 --> 00:12:35,955 AND THERE'S ACTUALLY ONE OTHER 462 00:12:36,021 --> 00:12:36,956 KEY DRAW ABOUT SUBWAY 463 00:12:37,022 --> 00:12:38,691 SPECIFICALLY, AND THAT IS 464 00:12:38,757 --> 00:12:39,425 JUST HOW SIMPLE IT IS TO 465 00:12:39,492 --> 00:12:40,960 OPEN ONE. 466 00:12:41,026 --> 00:12:42,728 >> SUBWAY'S EXTREME UBIQUITY ALL 467 00:12:42,795 --> 00:12:44,296 COMES DOWN TO THEIR STREAMLINED 468 00:12:44,363 --> 00:12:45,131 SETUP. 469 00:12:45,197 --> 00:12:46,065 NO DEEP FRYERS, NO GAS GRILLS, 470 00:12:46,132 --> 00:12:48,234 SO THEY CAN BUILD PRETTY MUCH 471 00:12:48,300 --> 00:12:49,268 ANYWHERE. 472 00:12:49,335 --> 00:12:50,302 GOT A PLUG? 473 00:12:50,369 --> 00:12:51,403 THAT'S PRACTICALLY ALL IT TAKES 474 00:12:51,470 --> 00:12:53,606 TO OPEN A SUBWAY. 475 00:12:53,672 --> 00:12:54,607 >> John: IT'S TRUE. 476 00:12:54,673 --> 00:12:55,508 YOU REALLY DON'T NEED THAT MUCH 477 00:12:55,574 --> 00:12:56,542 TO OPEN A SUBWAY, 478 00:12:56,609 --> 00:12:58,177 ALTHOUGH I'M NOT SURE 479 00:12:58,244 --> 00:12:59,345 HOW REASSURING IT IS 480 00:12:59,411 --> 00:13:01,881 THAT ALL YOU NEED IS A PLUG. 481 00:13:01,947 --> 00:13:02,681 AFTER ALL, IT'S A RESTAURANT 482 00:13:02,748 --> 00:13:03,549 SERVING HUMAN FOOD, 483 00:13:03,616 --> 00:13:06,051 NOT AN AIR MATTRESS. 484 00:13:06,118 --> 00:13:07,019 BUT SUBWAY'S START-UP COSTS 485 00:13:07,086 --> 00:13:08,387 HAVE INDEED BEEN SIGNIFICANTLY 486 00:13:08,454 --> 00:13:09,121 LOWER THAN MANY OF ITS 487 00:13:09,188 --> 00:13:10,055 COMPETITORS. 488 00:13:10,122 --> 00:13:13,092 IT USUALLY COSTS BETWEEN AROUND 489 00:13:13,159 --> 00:13:14,426 $200,000 AND $500,000 TO OPEN 490 00:13:14,493 --> 00:13:15,694 A SUBWAY, COMPARED WITH 491 00:13:15,761 --> 00:13:17,029 A McDONALD'S, WHICH CAN COST 492 00:13:17,096 --> 00:13:18,931 BETWEEN 1.3 MILLION 493 00:13:18,998 --> 00:13:20,166 AND NEARLY 2.5 MILLION. 494 00:13:20,232 --> 00:13:21,567 AND THAT MIGHT HELP EXPLAIN 495 00:13:21,634 --> 00:13:22,601 WHY SUBWAY OWNERS TEND TO BE 496 00:13:22,668 --> 00:13:24,170 INDIVIDUALS AND FAMILIES, 497 00:13:24,236 --> 00:13:26,205 MANY OF THEM IMMIGRANTS, UNLIKE 498 00:13:26,272 --> 00:13:28,007 CHAINS SUCH AS McDONALD'S, WHERE 499 00:13:28,073 --> 00:13:29,141 MANY RESTAURANTS ARE OPERATED BY 500 00:13:29,208 --> 00:13:30,843 INVESTMENT FIRMS. 501 00:13:30,910 --> 00:13:32,845 BUT THAT LOW ENTRY FEE COMES 502 00:13:32,912 --> 00:13:35,314 WITH SOME SIGNIFICANT CATCHES. 503 00:13:35,381 --> 00:13:36,782 FIRST: SUBWAYS BRING IN A LOT 504 00:13:36,849 --> 00:13:38,918 LESS MONEY THAN OTHER CHAINS. 505 00:13:38,984 --> 00:13:39,685 AN AVERAGE ONE GENERATES AROUND 506 00:13:39,752 --> 00:13:41,287 $400,000 A YEAR 507 00:13:41,353 --> 00:13:42,521 COMPARED TO THE AVERAGE 508 00:13:42,588 --> 00:13:43,756 JIMMY JOHNS WHICH BRINGS IN MORE 509 00:13:43,822 --> 00:13:45,224 THAN DOUBLE THAT OR AN AVERAGE 510 00:13:45,291 --> 00:13:46,292 McDONALD'S, WHICH GENERATES OVER 511 00:13:46,358 --> 00:13:47,459 $3 MILLION. 512 00:13:47,526 --> 00:13:49,728 BUT ON TOP OF THAT, SUBWAY 513 00:13:49,795 --> 00:13:50,729 FRANCHISEES ALSO HAVE TO PAY A 514 00:13:50,796 --> 00:13:54,133 LOT MORE BACK TO THEIR COMPANY. 515 00:13:54,200 --> 00:13:55,734 BECAUSE WHILE McDONALD'S ASKS 516 00:13:55,801 --> 00:13:57,002 ITS RESTAURANTS TO PAY THEM 517 00:13:57,069 --> 00:13:59,071 EIGHT PERCENT OF GROSS SALES, 518 00:13:59,138 --> 00:14:02,007 SUBWAY DEMANDS 12.5%. 519 00:14:02,074 --> 00:14:03,976 SPECIFICALLY, AN 8% ROYALTY FEE 520 00:14:04,043 --> 00:14:05,778 AND ANOTHER 4.5% THAT GOES 521 00:14:05,844 --> 00:14:07,880 TOWARD ADVERTISING. 522 00:14:07,947 --> 00:14:09,148 THOSE ARE SOME OF THE HIGHEST 523 00:14:09,215 --> 00:14:10,950 FEES OF ANY CHAIN. 524 00:14:11,016 --> 00:14:12,585 ALTHOUGH I WILL SAY, SUBWAY PUTS 525 00:14:12,651 --> 00:14:15,688 THOSE AD FEES TO HEAVY USE. 526 00:14:15,754 --> 00:14:16,922 BECAUSE THEY ARE THE REASON YOU 527 00:14:16,989 --> 00:14:18,857 CAN'T TURN ON YOUR TV WITHOUT 528 00:14:18,924 --> 00:14:20,125 BEING BOMBARDED BY COMMERCIALS 529 00:14:20,192 --> 00:14:21,360 FEATURING STEPH CURRY, 530 00:14:21,427 --> 00:14:23,862 TOM BRADY, AND MEGAN RAPINOE 531 00:14:23,929 --> 00:14:25,297 PRETENDING THEY'RE ALL STANDING 532 00:14:25,364 --> 00:14:27,032 IN THE SAME PLACE AND WILLING 533 00:14:27,099 --> 00:14:28,167 TO PUT SLOPPY BREAD CANNONS 534 00:14:28,234 --> 00:14:30,402 INTO THEIR GOD BODS. 535 00:14:30,469 --> 00:14:31,904 AND IT'S NOT JUST ADS. 536 00:14:31,971 --> 00:14:33,172 SUBWAY HAS DONE A SIGNIFICANT 537 00:14:33,239 --> 00:14:34,073 AMOUNT OF PRODUCT PLACEMENT 538 00:14:34,139 --> 00:14:35,341 IN SHOWS AND MOVIES LIKE 539 00:14:35,407 --> 00:14:37,309 "THE BIGGEST LOSER," 540 00:14:37,376 --> 00:14:38,010 "TO ALL THE BOYS I'VE LOVED 541 00:14:38,077 --> 00:14:40,045 BEFORE," AND "CHUCK." 542 00:14:40,112 --> 00:14:41,113 I WAS EVEN PART OF ONE OF THEM 543 00:14:41,180 --> 00:14:43,182 YEARS AGO, IN AN EPISODE OF 544 00:14:43,249 --> 00:14:45,217 "COMMUNITY," WHICH I HAVE ZERO 545 00:14:45,284 --> 00:14:48,053 MEMORY OF FILMING. 546 00:14:48,120 --> 00:14:49,989 BUT UNLIKE MY FORGETTABLE DAYS 547 00:14:50,055 --> 00:14:52,658 AS A CORPORATE SANDWICH VESSEL, 548 00:14:52,725 --> 00:14:54,093 SOME OF THAT PLACEMENT IS PRETTY 549 00:14:54,159 --> 00:14:54,860 HARD TO MISS, LIKE IN THIS 550 00:14:54,927 --> 00:14:56,228 INCREDIBLE SCENE 551 00:14:56,295 --> 00:14:58,364 FROM "HAWAII 5-0." 552 00:14:58,430 --> 00:14:59,765 >> THIS SUBWAY SANDWICH, 553 00:14:59,832 --> 00:15:01,300 SO ONO. 554 00:15:01,367 --> 00:15:02,134 >> OKAY, SO YOU'RE EATING THESE 555 00:15:02,201 --> 00:15:03,202 TO LOSE WEIGHT? 556 00:15:03,269 --> 00:15:04,236 IS THAT -- IS THAT RIGHT? 557 00:15:04,303 --> 00:15:05,204 >> IT WORKED FOR JARED, 558 00:15:05,271 --> 00:15:07,306 AND THAT BOY WAS LARGE. 559 00:15:07,373 --> 00:15:08,807 BUT THE BEST THING ABOUT IT, 560 00:15:08,874 --> 00:15:09,608 THEY MAKE IT ANY WAY 561 00:15:09,675 --> 00:15:10,709 YOU WANT IT. 562 00:15:10,776 --> 00:15:12,544 CHECK THIS ONE. 563 00:15:12,611 --> 00:15:14,213 SWEET ONION CHICKEN TERIYAKI 564 00:15:14,280 --> 00:15:15,347 WITH JALAPEÑOS AND BANANA 565 00:15:15,414 --> 00:15:16,982 PEPPERS. 566 00:15:17,049 --> 00:15:18,484 NOW, YOU PUT THAT WITH THIS, 567 00:15:18,550 --> 00:15:21,153 TURKEY BLT, BAM! 568 00:15:21,220 --> 00:15:22,021 THAT'S SOME SERIOUS CULINARY 569 00:15:22,087 --> 00:15:24,690 FUSION. 570 00:15:24,757 --> 00:15:26,759 >> John: YOU KNOW, THAT SCENE 571 00:15:26,825 --> 00:15:27,426 REMINDS ME OF AN OLD HOLLYWOOD 572 00:15:27,493 --> 00:15:28,627 SAYING. 573 00:15:28,694 --> 00:15:29,762 EVERY AD EXEC WANTS TO BE 574 00:15:29,828 --> 00:15:30,629 A TELEVISION WRITER AND EVERY 575 00:15:30,696 --> 00:15:31,330 TELEVISION WRITER 576 00:15:31,397 --> 00:15:33,966 IS DEAD INSIDE. 577 00:15:34,033 --> 00:15:35,734 BUT INCREDIBLY, EVEN THAT IS 578 00:15:35,801 --> 00:15:36,535 SUBTLE NEXT TO THE PRODUCT 579 00:15:36,602 --> 00:15:37,536 PLACEMENT SUBWAY ENGAGES IN 580 00:15:37,603 --> 00:15:39,238 OVERSEAS. 581 00:15:39,305 --> 00:15:40,806 PARTICULARLY IN KOREAN DRAMAS, 582 00:15:40,873 --> 00:15:42,007 WHERE EVERY PLOT POINT SEEMS TO 583 00:15:42,074 --> 00:15:44,410 OCCUR AT A SUBWAY. 584 00:15:44,476 --> 00:15:45,744 HERE'S TWO CHARACTERS HAVING 585 00:15:45,811 --> 00:15:46,612 A MEETING AT ONE. 586 00:15:46,679 --> 00:15:47,346 HERE'S A GROUP OF MEN 587 00:15:47,413 --> 00:15:48,347 CELEBRATING THE FACT -- 588 00:15:48,414 --> 00:15:49,915 REAL PLOT POINT, BY THE WAY -- 589 00:15:49,982 --> 00:15:51,283 THEIR FRIEND JUST WOKE UP 590 00:15:51,350 --> 00:15:52,518 FROM A COMA, AND THEN 591 00:15:52,584 --> 00:15:53,485 THERE'S THIS SCENE, WHICH IS -- 592 00:15:53,552 --> 00:15:54,053 I SWEAR I'M NOT 593 00:15:54,119 --> 00:15:55,421 MAKING THIS UP -- ABOUT A GHOST 594 00:15:55,487 --> 00:15:57,489 MAGICALLY EATING A SUBWAY 595 00:15:57,556 --> 00:15:59,491 SANDWICH. 596 00:15:59,558 --> 00:16:01,226 SUBWAY EVEN RELEASED ITS OWN 597 00:16:01,293 --> 00:16:02,895 MINI-DRAMA ON YOUTUBE CALLED 598 00:16:02,961 --> 00:16:04,029 "SOMEWAY," AND I'M GOING TO SHOW 599 00:16:04,096 --> 00:16:05,497 YOU A SCENE FROM IT NOW, 600 00:16:05,564 --> 00:16:10,102 AND I WARN YOU. 601 00:16:10,169 --> 00:16:11,170 IT IS BREATHTAKING. 602 00:16:11,236 --> 00:16:13,405 >> HAN WOO-RIM! 603 00:16:13,472 --> 00:16:18,777 [BOTH SPEAKING KOREAN] 604 00:16:18,844 --> 00:17:04,790 ♪ ♪ 605 00:17:04,857 --> 00:17:08,761 >> John: IT'S GOOD. 606 00:17:08,827 --> 00:17:09,261 I MEAN IT'S REALLY GOOD. 607 00:17:09,328 --> 00:17:10,129 AND NOT THAT YOU NEED IT, 608 00:17:10,195 --> 00:17:10,896 BUT HERE'S SOME CONTEXT. 609 00:17:10,963 --> 00:17:13,832 THAT CHARACTER WAS DATING THIS 610 00:17:13,899 --> 00:17:14,333 GUY WHO WORKS AT SUBWAY, 611 00:17:14,400 --> 00:17:15,067 AND EVERY DAY SHE ORDERED 612 00:17:15,134 --> 00:17:15,868 THE PLANT-BASED SANDWICH 613 00:17:15,934 --> 00:17:16,902 BECAUSE HE RECOMMENDED 614 00:17:16,969 --> 00:17:18,203 IT TO HER, UNTIL ONE DAY, THIS 615 00:17:18,270 --> 00:17:19,438 GUY, WHO -- WAIT FOR IT -- 616 00:17:19,505 --> 00:17:20,773 ALSO WORKS AT SUBWAY, 617 00:17:20,839 --> 00:17:21,640 RECOMMENDED THE STEAK 618 00:17:21,707 --> 00:17:22,674 AND CHEESE SANDWICH FOR HER 619 00:17:22,741 --> 00:17:23,909 TO MIX IT UP. 620 00:17:23,976 --> 00:17:25,077 THE SANDWICHES WERE A METAPHOR, 621 00:17:25,144 --> 00:17:26,345 YOU SEE? 622 00:17:26,412 --> 00:17:27,679 NOW, SHE HAD A DECISION TO MAKE: 623 00:17:27,746 --> 00:17:28,814 STAY WITH HER USUAL OR GO WITH 624 00:17:28,881 --> 00:17:30,516 A NEW FLAVOR? 625 00:17:30,582 --> 00:17:31,450 WHICH WILL SHE CHOOSE? 626 00:17:31,517 --> 00:17:32,918 PLANT OR STEAK? 627 00:17:32,985 --> 00:17:33,485 TRIED AND TRUE 628 00:17:33,552 --> 00:17:35,020 OR NEW AND EXCITING? 629 00:17:35,087 --> 00:17:36,889 OBVIOUSLY, SHE CHOSE THE STEAK, 630 00:17:36,955 --> 00:17:37,856 WHICH IS WHY WE GOT THAT KISS 631 00:17:37,923 --> 00:17:39,958 IN FRONT OF A SUBWAY FRANCHISE. 632 00:17:40,025 --> 00:17:41,026 IT'S ART, AND IT'S CINEMA, 633 00:17:41,093 --> 00:17:43,162 AND IT'S SANDWICHES. 634 00:17:43,228 --> 00:17:44,897 THE POINT IS, SUBWAY ADVERTISES 635 00:17:44,963 --> 00:17:46,365 A RIDICULOUS AMOUNT, AND ITS 636 00:17:46,432 --> 00:17:47,533 FRANCHISEES BENEFIT FROM THAT 637 00:17:47,599 --> 00:17:49,435 BRAND-BUILDING. 638 00:17:49,501 --> 00:17:51,270 BUT IN RETURN, SUBWAY EXPECTS 639 00:17:51,336 --> 00:17:53,071 THEM TO WORK VERY HARD, 640 00:17:53,138 --> 00:17:54,473 SOMETHING MADE PAINFULLY CLEAR 641 00:17:54,540 --> 00:17:55,541 IN THIS VIDEO CREATED BY A 642 00:17:55,607 --> 00:17:56,675 REGIONAL OFFICE, WHICH TAKES A 643 00:17:56,742 --> 00:17:59,678 BIT OF A TURN HALFWAY THROUGH. 644 00:17:59,745 --> 00:18:00,846 >> WHEN YOU BUY A FRANCHISE, 645 00:18:00,913 --> 00:18:02,714 YOU ENTER INTO A FAMILY, 646 00:18:02,781 --> 00:18:04,883 THE SUBWAY FAMILY. 647 00:18:04,950 --> 00:18:06,051 WE MUST OWN WHAT IS OURS 648 00:18:06,118 --> 00:18:06,852 TO OWN. 649 00:18:06,919 --> 00:18:07,519 WE MUST LEAD WHAT IS OURS 650 00:18:07,586 --> 00:18:09,555 TO LEAD. 651 00:18:09,621 --> 00:18:10,856 WHETHER YOU SELL SANDWICHES, 652 00:18:10,923 --> 00:18:12,024 DEVELOP STORES, OR EVALUATE 653 00:18:12,090 --> 00:18:14,493 OPERATIONS, WE MUST DO OUR PART 654 00:18:14,560 --> 00:18:15,627 TO THE BEST OF OUR ABILITY. 655 00:18:15,694 --> 00:18:17,062 WHY? 656 00:18:17,129 --> 00:18:18,597 BECAUSE IN THIS FAMILY, PEOPLE 657 00:18:18,664 --> 00:18:20,365 MATTER, SO WE DON'T LET PEOPLE 658 00:18:20,432 --> 00:18:22,134 DOWN BY BEING LAZY. 659 00:18:22,201 --> 00:18:23,001 WE DON'T COMPLAIN ABOUT EACH 660 00:18:23,068 --> 00:18:24,303 OTHER'S WORK. 661 00:18:24,369 --> 00:18:25,103 WE DON'T FEEL SORRY FOR 662 00:18:25,170 --> 00:18:26,505 OURSELVES, AND WE CERTAINLY 663 00:18:26,572 --> 00:18:34,313 DON'T GIVE UP. 664 00:18:34,379 --> 00:18:34,980 >> John: OH, MY GOD. 665 00:18:35,047 --> 00:18:37,549 IT'S A SANDWICH CULT. 666 00:18:37,616 --> 00:18:38,317 AND IT'S ONE THAT SHOULD 667 00:18:38,383 --> 00:18:38,984 PROBABLY THINK TWICE 668 00:18:39,051 --> 00:18:39,685 ABOUT THREATENING THEIR 669 00:18:39,751 --> 00:18:40,853 SO-CALLED FAMILY MEMBERS FOR 670 00:18:40,919 --> 00:18:41,453 BEING LAZY WHEN THEY COULDN'T 671 00:18:41,520 --> 00:18:42,020 EVEN PUT IN THE EFFORT TO 672 00:18:42,087 --> 00:18:42,654 PROOF-READ THEIR OWN COPY, 673 00:18:42,721 --> 00:18:43,288 BECAUSE THIS IS NOT HOW YOU 674 00:18:43,355 --> 00:18:44,189 SPELL "BUY" AS IN "TO BUY A 675 00:18:44,256 --> 00:18:45,958 FRANCHISE," AND THEY'VE LEFT OUT 676 00:18:46,024 --> 00:18:48,060 THE WORD "TO" IN THIS SENTENCE. 677 00:18:48,126 --> 00:18:48,994 BUT TO WHOEVER MADE THAT VIDEO, 678 00:18:49,061 --> 00:18:50,028 DON'T WORRY. 679 00:18:50,095 --> 00:18:50,963 AFTER ALL, IT'S ONLY TWO LITTLE 680 00:18:51,029 --> 00:18:51,930 MISTAKES. 681 00:18:51,997 --> 00:18:53,432 THERE'S NO NEED TO "FELL SORRY 682 00:18:53,499 --> 00:18:56,001 FOR YOURSELF." 683 00:18:56,068 --> 00:18:57,736 AND THE THING IS, THERE IS ONLY 684 00:18:57,803 --> 00:18:58,804 SO MUCH A FRANCHISE OWNER CAN DO 685 00:18:58,871 --> 00:19:00,506 TO INCREASE THEIR EARNINGS, AS 686 00:19:00,572 --> 00:19:01,773 THEY'RE LARGELY AT THE MERCY OF 687 00:19:01,840 --> 00:19:02,641 DECISIONS THEIR PARENT COMPANY 688 00:19:02,708 --> 00:19:03,375 MAKES. 689 00:19:03,442 --> 00:19:04,843 SO IF SUBWAY DECIDES TO CHANGE 690 00:19:04,910 --> 00:19:06,912 THE MENU OR REDESIGN THE STORES, 691 00:19:06,979 --> 00:19:09,214 FRANCHISEES MAY BE ON THE HOOK 692 00:19:09,281 --> 00:19:10,816 FOR THOSE COSTS. 693 00:19:10,883 --> 00:19:12,084 ALSO, IF THE COMPANY ANNOUNCES 694 00:19:12,150 --> 00:19:14,520 A PROMOTION OR A DISCOUNT, 695 00:19:14,586 --> 00:19:15,187 STORES MAY HAVE TO GO ALONG WITH 696 00:19:15,254 --> 00:19:16,655 IT, EVEN IF IT'S A MONEY LOSER 697 00:19:16,722 --> 00:19:17,456 FOR THEM. 698 00:19:17,523 --> 00:19:18,557 AND IT GETS EVEN WORSE. 699 00:19:18,624 --> 00:19:19,491 BECAUSE THOSE ALREADY 700 00:19:19,558 --> 00:19:20,993 RIDICULOUSLY TIGHT MARGINS HAVE 701 00:19:21,059 --> 00:19:22,794 BEEN EXACERBATED BY SUBWAY'S 702 00:19:22,861 --> 00:19:24,062 LONGTIME OBSESSION WITH 703 00:19:24,129 --> 00:19:25,697 EXPANSION. 704 00:19:25,764 --> 00:19:27,099 FOR DECADES, FRANCHISEES HAVE 705 00:19:27,165 --> 00:19:29,001 COMPLAINED ABOUT SUBWAY ALLOWING 706 00:19:29,067 --> 00:19:30,435 LOCATIONS TO OPEN NEAR EACH 707 00:19:30,502 --> 00:19:32,170 OTHER AND CANNIBALIZING THEIR 708 00:19:32,237 --> 00:19:33,338 BUSINESS. 709 00:19:33,405 --> 00:19:34,606 IN FACT, HERE'S THE HEAD OF 710 00:19:34,673 --> 00:19:35,440 A FRANCHISEE ASSOCIATION 711 00:19:35,507 --> 00:19:36,708 DISCUSSING THE PROBLEM BACK 712 00:19:36,775 --> 00:19:39,177 IN THE '90s. 713 00:19:39,244 --> 00:19:40,546 >> WHAT THEY TELL YOU WHEN YOU 714 00:19:40,612 --> 00:19:41,313 BUY THAT FRANCHISE IS, 715 00:19:41,380 --> 00:19:42,581 "DON'T WORRY. 716 00:19:42,648 --> 00:19:43,549 WE WOULDN'T PUT ANOTHER 717 00:19:43,615 --> 00:19:44,950 FRANCHISE TOO CLOSE TO YOU. 718 00:19:45,017 --> 00:19:46,285 WHY WOULD WE DO THAT? 719 00:19:46,351 --> 00:19:46,885 WHY WOULD WE WANT TO HURT YOU 720 00:19:46,952 --> 00:19:47,419 LIKE THAT? 721 00:19:47,486 --> 00:19:49,421 YOU'RE ONE OF OUR PARTNERS." 722 00:19:49,488 --> 00:19:50,956 REALITY IS, THEY'RE GOING TO DO 723 00:19:51,023 --> 00:19:52,691 WHATEVER THEY CAN DO THAT'S NOT 724 00:19:52,758 --> 00:19:53,392 WRITTEN IN BLACK AND WHITE, 725 00:19:53,458 --> 00:19:54,927 AND THEY DO IT. 726 00:19:54,993 --> 00:19:55,994 >> John: OKAY, FIRST, THAT IS 727 00:19:56,061 --> 00:19:57,829 SOME DRAMATIC CAMERAWORK. 728 00:19:57,896 --> 00:19:58,697 BUT ALSO, POWER BANGS 729 00:19:58,764 --> 00:20:00,799 IS COMPLETELY RIGHT THERE. 730 00:20:00,866 --> 00:20:02,668 IN FACT, TO THIS DAY, SUBWAY 731 00:20:02,734 --> 00:20:04,002 FRANCHISEES ARE TOLD THAT "YOU 732 00:20:04,069 --> 00:20:05,571 WILL NOT RECEIVE AN EXCLUSIVE 733 00:20:05,637 --> 00:20:07,239 TERRITORY," AND THEIR CONTRACT 734 00:20:07,306 --> 00:20:09,341 STATES, "WE AND OUR AFFILIATES 735 00:20:09,408 --> 00:20:11,410 HAVE UNLIMITED RIGHTS TO COMPETE 736 00:20:11,476 --> 00:20:12,444 WITH YOU." 737 00:20:12,511 --> 00:20:13,879 MEANING A SUBWAY COULD OPEN 738 00:20:13,946 --> 00:20:15,514 RIGHT NEXT TO YOURS AND CUT YOUR 739 00:20:15,581 --> 00:20:16,848 SALES IN HALF. 740 00:20:16,915 --> 00:20:18,584 AND NONE OF THIS REALLY AFFECTS 741 00:20:18,650 --> 00:20:19,685 SUBWAY CORPORATE. 742 00:20:19,751 --> 00:20:20,352 THEY STILL GET THEIR 743 00:20:20,419 --> 00:20:22,087 ROYALTY FEES ON ANY SALE, 744 00:20:22,154 --> 00:20:24,189 PLUS A $15,000 FRANCHISE FEE 745 00:20:24,256 --> 00:20:25,223 FOR EVERY NEW STORE THAT'S 746 00:20:25,290 --> 00:20:27,426 OPENED. 747 00:20:27,492 --> 00:20:28,627 THAT IS WHY THESE STORES ARE 748 00:20:28,694 --> 00:20:30,095 FUCKING EVERYWHERE. 749 00:20:30,162 --> 00:20:31,630 THERE ARE LITERALLY TEN SUBWAYS 750 00:20:31,697 --> 00:20:33,298 IN A ONE-MILE RADIUS OF WHERE 751 00:20:33,365 --> 00:20:35,467 I'M SITTING RIGHT NOW. 752 00:20:35,534 --> 00:20:37,736 YOU COULD GO TO ALL TEN STORES, 753 00:20:37,803 --> 00:20:38,704 ORDER A FOOTLONG AT EACH, AND BE 754 00:20:38,770 --> 00:20:40,372 BACK HERE IN LESS THAN AN HOUR. 755 00:20:40,439 --> 00:20:41,506 AND THE REASON I KNOW THAT IS 756 00:20:41,573 --> 00:20:43,976 I DID THAT, AND FRANKLY, 757 00:20:44,042 --> 00:20:45,944 I'M INSTANTLY REGRETTING 758 00:20:46,011 --> 00:20:48,213 MY DECISION. 759 00:20:48,280 --> 00:20:50,415 BECAUSE NOW THIS ENTIRE STUDIO 760 00:20:50,482 --> 00:20:51,450 IS ABOUT TO SMELL LIKE A SUBWAY, 761 00:20:51,516 --> 00:20:52,818 WHICH, AS WE ALL KNOW IS THE 762 00:20:52,884 --> 00:20:55,120 EXACT SMELL OF "WHAT IF BREAD 763 00:20:55,187 --> 00:20:57,055 COULD FART?" 764 00:20:57,122 --> 00:21:00,092 AND ALL OF THIS WAS BY DESIGN. 765 00:21:00,158 --> 00:21:01,994 FRED DELUCA EVEN ONCE ATTEMPTED 766 00:21:02,060 --> 00:21:03,428 TO CONVINCE A JOURNALIST THAT 767 00:21:03,495 --> 00:21:05,430 MORE SUBWAY LOCATIONS RAISES 768 00:21:05,497 --> 00:21:07,299 EVERYONE'S REVENUES BY 769 00:21:07,366 --> 00:21:08,400 REFERENCING A GRAPH HIS 770 00:21:08,467 --> 00:21:10,202 24-YEAR-OLD SON MADE, WHICH AN 771 00:21:10,268 --> 00:21:11,703 ECONOMIST LATER REVIEWED, 772 00:21:11,770 --> 00:21:13,305 SAYING, "IN MY VIEW, THIS TELLS 773 00:21:13,372 --> 00:21:15,741 US ABSOLUTELY NOTHING. 774 00:21:15,807 --> 00:21:16,742 IF THIS IS TRUE, THEN WHY NOT 775 00:21:16,808 --> 00:21:17,809 HAVE 15 SUBWAYS ON THE SAME 776 00:21:17,876 --> 00:21:19,344 BLOCK? 777 00:21:19,411 --> 00:21:20,345 WOULDN'T THEY ALL BE DOING 778 00:21:20,412 --> 00:21:22,347 SPLENDIDLY? 779 00:21:22,414 --> 00:21:24,349 THE ANSWER IS OBVIOUSLY NOT." 780 00:21:24,416 --> 00:21:25,517 AND THAT IS A LOT OF SASS COMING 781 00:21:25,584 --> 00:21:28,720 FROM AN ECONOMIST. 782 00:21:28,787 --> 00:21:29,788 "THE ANSWER IS OBVIOUSLY NOT" 783 00:21:29,855 --> 00:21:31,223 IS MUCH LIKE SUBWAY'S SPICY 784 00:21:31,289 --> 00:21:32,924 ITALIAN SUB -- NOT ACTUALLY 785 00:21:32,991 --> 00:21:34,459 SPICY IN THE LEAST BUT, GIVEN 786 00:21:34,526 --> 00:21:35,894 THE SOURCE, ABOUT AS SPICY 787 00:21:35,961 --> 00:21:38,830 AS YOU'RE GOING TO GET. 788 00:21:38,897 --> 00:21:39,564 AND ENCROACHING ON THEIR OWN 789 00:21:39,631 --> 00:21:40,766 TERRITORY ISN'T THE ONLY WAY 790 00:21:40,832 --> 00:21:42,534 SUBWAY HAS ANGERED FRANCHISEES. 791 00:21:42,601 --> 00:21:44,102 BECAUSE THEIR CORPORATE 792 00:21:44,169 --> 00:21:45,671 STRUCTURE HAS LONG INVOLVED 793 00:21:45,737 --> 00:21:46,672 SOMETHING CALLED BUSINESS 794 00:21:46,738 --> 00:21:48,140 DEVELOPMENT AGENTS. 795 00:21:48,206 --> 00:21:49,941 THESE ARE INDIVIDUALS -- OFTEN 796 00:21:50,008 --> 00:21:51,510 FRANCHISE OWNERS THEMSELVES -- 797 00:21:51,576 --> 00:21:52,811 WHO CONTROL A CERTAIN AREA 798 00:21:52,878 --> 00:21:54,413 AND ARE TASKED WITH FINDING 799 00:21:54,479 --> 00:21:56,948 AND APPROVING NEW PEOPLE TO OPEN 800 00:21:57,015 --> 00:21:58,216 STORES, GETTING A CUT OF 801 00:21:58,283 --> 00:22:00,152 ROYALTIES FOR DOING THAT. 802 00:22:00,218 --> 00:22:01,286 THEY'RE ALSO IN CHARGE OF 803 00:22:01,353 --> 00:22:02,821 OVERSEEING INSPECTIONS OF STORES 804 00:22:02,888 --> 00:22:03,555 IN THEIR AREA. 805 00:22:03,622 --> 00:22:05,123 AND FOR MANY YEARS, FRANCHISEES 806 00:22:05,190 --> 00:22:06,158 HAVE COMPLAINED ABOUT 807 00:22:06,224 --> 00:22:06,892 DEVELOPMENT AGENTS BEING 808 00:22:06,958 --> 00:22:08,460 EXCEPTIONALLY HARSH WITH THOSE 809 00:22:08,527 --> 00:22:10,195 INSPECTIONS, WITH ONE SAYING HE 810 00:22:10,262 --> 00:22:11,930 WAS ONCE MARKED UP FOR SLICING 811 00:22:11,997 --> 00:22:12,764 HIS VEGETABLES 812 00:22:12,831 --> 00:22:15,200 IN A "CHOPPY" MANNER. 813 00:22:15,267 --> 00:22:17,402 WHICH SEEMS PRETTY PETTY. 814 00:22:17,469 --> 00:22:19,604 HOW ELSE WOULD YOU DO IT? 815 00:22:19,671 --> 00:22:20,272 AND THERE'S AN INCENTIVE FOR 816 00:22:20,338 --> 00:22:21,573 DEVELOPMENT AGENTS TO BE OVERLY 817 00:22:21,640 --> 00:22:23,508 HARSH, BECAUSE IF A STORE GETS 818 00:22:23,575 --> 00:22:25,277 MULTIPLE VIOLATIONS, THAT 819 00:22:25,343 --> 00:22:26,945 FRANCHISEE'S AGREEMENT CAN BE 820 00:22:27,012 --> 00:22:28,680 TERMINATED AND THE STORE CAN BE 821 00:22:28,747 --> 00:22:30,148 RE-SOLD, SOMETIMES TO THE 822 00:22:30,215 --> 00:22:31,783 BUSINESS DEVELOPMENT AGENT 823 00:22:31,850 --> 00:22:33,285 THEMSELVES AT A DISCOUNTED 824 00:22:33,351 --> 00:22:34,820 PRICE. 825 00:22:34,886 --> 00:22:36,254 ONE FORMER INSPECTOR EVEN 826 00:22:36,321 --> 00:22:38,056 DESCRIBED A DEVELOPMENT AGENT 827 00:22:38,123 --> 00:22:39,458 TELLING HER THE EXACT STORE 828 00:22:39,524 --> 00:22:41,426 OWNERS THAT HE WANTED TO FAIL, 829 00:22:41,493 --> 00:22:42,627 ADDING, "I WAS KIND OF 830 00:22:42,694 --> 00:22:44,229 HIS HIT MAN." 831 00:22:44,296 --> 00:22:45,430 YOU KNOW, 832 00:22:45,497 --> 00:22:47,999 NORMAL SANDWICH STUFF. 833 00:22:48,066 --> 00:22:49,501 NOW, I HAVE TO TELL YOU. 834 00:22:49,568 --> 00:22:50,335 SUBWAY INSISTS IT'S 835 00:22:50,402 --> 00:22:50,969 TRANSITIONING AWAY FROM USING 836 00:22:51,036 --> 00:22:52,104 DEVELOPMENT AGENTS 837 00:22:52,170 --> 00:22:53,638 IN THE U.S. AND FROM HAVING THEM 838 00:22:53,705 --> 00:22:55,207 BE THE ONES OVERSEEING 839 00:22:55,273 --> 00:22:55,874 INSPECTIONS. 840 00:22:55,941 --> 00:22:57,576 BUT EVEN SO, YOU MIGHT WELL BE 841 00:22:57,642 --> 00:22:59,211 WONDERING, GIVEN EVERYTHING 842 00:22:59,277 --> 00:23:01,246 YOU'VE SEEN SO FAR, "WHY ON 843 00:23:01,313 --> 00:23:03,115 EARTH WOULD ANYONE WANT TO OPEN 844 00:23:03,181 --> 00:23:05,283 A SUBWAY WHEN IT HAS SOME OF 845 00:23:05,350 --> 00:23:07,085 THE HIGHEST ROYALTIES, SOME OF 846 00:23:07,152 --> 00:23:08,987 THE LOWEST SALES, AND A NEW 847 00:23:09,054 --> 00:23:10,222 STORE COULD CONCEIVABLY OPEN 848 00:23:10,288 --> 00:23:12,390 RIGHT NEXT DOOR TO YOU?" 849 00:23:12,457 --> 00:23:13,625 WELL, CRUCIALLY, POTENTIAL 850 00:23:13,692 --> 00:23:15,594 OWNERS OFTEN DON'T FULLY KNOW 851 00:23:15,660 --> 00:23:16,862 WHAT THEY'RE SIGNING UP FOR. 852 00:23:16,928 --> 00:23:18,497 HERE'S ONE SUBWAY FRANCHISEE 853 00:23:18,563 --> 00:23:21,166 INADVERTENTLY MAKING THIS POINT. 854 00:23:21,233 --> 00:23:22,868 >> I BOUGHT MY ORIGINAL STORE 855 00:23:22,934 --> 00:23:24,202 FROM A GUY WHO WAS INVOLVED WITH 856 00:23:24,269 --> 00:23:25,137 SUBWAY, HAD BEEN INVOLVED FOR 857 00:23:25,203 --> 00:23:27,172 ABOUT FIVE YEARS BEFORE ME. 858 00:23:27,239 --> 00:23:30,041 AND THAT STORE, LITTLE DID I 859 00:23:30,108 --> 00:23:31,376 KNOW, WAS THE LOWEST VOLUME 860 00:23:31,443 --> 00:23:33,979 STORE IN THE MARKET. 861 00:23:34,045 --> 00:23:35,080 WHEN I WENT TO MY FIRST OWNERS 862 00:23:35,147 --> 00:23:36,581 MEETING, HIM AND HIS BUDDY SAID, 863 00:23:36,648 --> 00:23:38,483 "HEY, LOLLIPOP," AND I SAID, 864 00:23:38,550 --> 00:23:39,551 "WHY ARE THEY CALLING ME 865 00:23:39,618 --> 00:23:40,952 LOLLIPOP?" 866 00:23:41,019 --> 00:23:41,753 AND THEY SAID, "WELL, WE NEEDED 867 00:23:41,820 --> 00:23:43,221 A SUCKER TO BUY COLUMBUS," 868 00:23:43,288 --> 00:23:44,222 WHICH WAS THE SUBWAY, RIGHT? 869 00:23:44,289 --> 00:23:46,291 OUT OF 91 STORES IN THE MARKET, 870 00:23:46,358 --> 00:23:47,993 IT WAS 91ST. 871 00:23:48,059 --> 00:23:49,728 >> John: YEAH, THAT'S NOT GREAT. 872 00:23:49,795 --> 00:23:50,695 IS IT? 873 00:23:50,762 --> 00:23:51,663 IDEALLY YOU WOULD HAVE THAT KIND 874 00:23:51,730 --> 00:23:52,464 OF INFORMATION BEFORE 875 00:23:52,531 --> 00:23:53,431 YOU INVESTED. 876 00:23:53,498 --> 00:23:54,833 IT'S HARD TO TELL HOW SUCCESSFUL 877 00:23:54,900 --> 00:23:56,401 A SUBWAY IS JUST FROM LOOKING AT 878 00:23:56,468 --> 00:23:57,803 IT, ESPECIALLY BECAUSE FROM THE 879 00:23:57,869 --> 00:23:59,805 OUTSIDE, THEY ALL LOOK LIKE 880 00:23:59,871 --> 00:24:02,674 "THE WORST ONE." 881 00:24:02,741 --> 00:24:04,309 CURRENTLY THERE IS NO EASY WAY 882 00:24:04,376 --> 00:24:05,744 TO FIND OUT WHAT YOU MIGHT EARN 883 00:24:05,811 --> 00:24:07,412 BEFORE YOU OPEN A NEW SUBWAY, 884 00:24:07,479 --> 00:24:08,814 FOR TWO REASONS. 885 00:24:08,880 --> 00:24:09,648 FIRST, THE COMPANY 886 00:24:09,714 --> 00:24:11,116 WON'T TELL YOU. 887 00:24:11,183 --> 00:24:12,083 GENERALLY, WHEN IT COMES TO 888 00:24:12,150 --> 00:24:14,152 FRANCHISES, THE FTC REQUIRES 889 00:24:14,219 --> 00:24:15,287 THAT YOU ARE PROVIDED WITH 890 00:24:15,353 --> 00:24:16,288 WHAT'S CALLED A FRANCHISE 891 00:24:16,354 --> 00:24:17,923 DISCLOSURE DOCUMENT, GIVING YOU 892 00:24:17,989 --> 00:24:20,025 INFORMATION BEFORE YOU INVEST. 893 00:24:20,091 --> 00:24:22,160 BUT IT DOESN'T REQUIRE COMPANIES 894 00:24:22,227 --> 00:24:23,695 TO INCLUDE ANY DETAILS ABOUT HOW 895 00:24:23,762 --> 00:24:25,330 STORES DO FINANCIALLY. 896 00:24:25,397 --> 00:24:28,033 NOW, SOME COMPANIES DO PROVIDE 897 00:24:28,099 --> 00:24:30,035 THIS, BUT IT'S VOLUNTARY. 898 00:24:30,101 --> 00:24:30,769 FIREHOUSE SUBS, FOR INSTANCE, 899 00:24:30,836 --> 00:24:32,437 HAS 17 PAGES DEDICATED TO 900 00:24:32,504 --> 00:24:34,039 FINANCIAL PERFORMANCE, 901 00:24:34,105 --> 00:24:37,542 BURGER KING'S INCLUDES 11 PAGES, 902 00:24:37,609 --> 00:24:39,077 BUT SUBWAY HAS JUST TWO 903 00:24:39,144 --> 00:24:40,478 PARAGRAPHS IN WHICH THEY SAY, 904 00:24:40,545 --> 00:24:41,012 "WE DO NOT MAKE ANY 905 00:24:41,079 --> 00:24:41,713 REPRESENTATIONS ABOUT A 906 00:24:41,780 --> 00:24:43,148 FRANCHISEE'S FUTURE FINANCIAL 907 00:24:43,215 --> 00:24:45,617 PERFORMANCE OR THE PAST 908 00:24:45,684 --> 00:24:46,685 FINANCIAL PERFORMANCE OF 909 00:24:46,751 --> 00:24:47,786 FRANCHISED OUTLETS." 910 00:24:47,853 --> 00:24:49,821 INSTEAD, FRED DELUCA ENCOURAGED 911 00:24:49,888 --> 00:24:51,389 POTENTIAL OWNERS TO SIMPLY DO 912 00:24:51,456 --> 00:24:52,824 THIS. 913 00:24:52,891 --> 00:24:53,992 >> YOU KNOW WHAT WE REALLY WANT 914 00:24:54,059 --> 00:24:56,394 PEOPLE TO DO IS GO FIND OUT 915 00:24:56,461 --> 00:24:58,129 FROM OTHER FRANCHISEES 916 00:24:58,196 --> 00:24:58,597 RATHER THAN RELYING ON 917 00:24:58,663 --> 00:25:00,332 WHAT WE MIGHT TELL YOU. 918 00:25:00,398 --> 00:25:02,067 IT'S MUCH BETTER EXPERIENCE TO 919 00:25:02,133 --> 00:25:04,336 TALK TO 10, 20 FRANCHISEES. 920 00:25:04,402 --> 00:25:06,371 SOME WILL BE DOING VERY WELL, 921 00:25:06,438 --> 00:25:08,907 SOME WON'T DO VERY WELL, AND YOU 922 00:25:08,974 --> 00:25:10,175 CAN THEN SIZE UP THE BUSINESS. 923 00:25:10,242 --> 00:25:13,712 >> John: YEAH, OR YOU COULD 924 00:25:13,778 --> 00:25:14,379 JUST TELL THEM INSTEAD OF MAKING 925 00:25:14,446 --> 00:25:15,313 THEM GO TO 20 DIFFERENT SUBWAY 926 00:25:15,380 --> 00:25:16,915 STORES. 927 00:25:16,982 --> 00:25:17,816 I GUESS, LUCKILY FOR THEM, 928 00:25:17,883 --> 00:25:18,550 YOU CAN FIND 20 OF THEM 929 00:25:18,617 --> 00:25:20,986 ON ANY ONE BLOCK IN AMERICA. 930 00:25:21,052 --> 00:25:22,053 BUT IT'S REALLY THE PRINCIPLE 931 00:25:22,120 --> 00:25:23,355 OF THE MATTER HERE. 932 00:25:23,421 --> 00:25:24,556 BUT GETTING ACCURATE INFO CAN BE 933 00:25:24,623 --> 00:25:26,124 VERY HARD TO DO. 934 00:25:26,191 --> 00:25:27,058 FOR STARTERS, SOME FRANCHISEES 935 00:25:27,125 --> 00:25:28,460 MAY BE RELUCTANT TO SPEAK 936 00:25:28,526 --> 00:25:30,595 BECAUSE A FEW YEARS AGO 937 00:25:30,662 --> 00:25:32,197 SUBWAY ADDED AN AGGRESSIVE 938 00:25:32,264 --> 00:25:33,465 NON-DISPARAGEMENT CLAUSE IN 939 00:25:33,531 --> 00:25:34,532 THEIR CONTRACT. 940 00:25:34,599 --> 00:25:35,333 AND WHILE IT'S TRUE THAT THERE'S 941 00:25:35,400 --> 00:25:36,201 A CARVE-OUT SAYING YOU'RE NOT 942 00:25:36,268 --> 00:25:38,270 PROHIBITED FROM SHARING 943 00:25:38,336 --> 00:25:39,104 INFORMATION IN GOOD FAITH WITH 944 00:25:39,170 --> 00:25:40,572 ANY PROSPECTIVE FRANCHISEES, AS 945 00:25:40,639 --> 00:25:41,840 ONE OF THEM TOLD CONGRESS A FEW 946 00:25:41,907 --> 00:25:43,408 YEARS AGO, MANY ARE RELUCTANT TO 947 00:25:43,475 --> 00:25:45,844 TRUST SOMEONE CALLING AND ASKING 948 00:25:45,911 --> 00:25:47,012 QUESTIONS, AND FOR OBVIOUS 949 00:25:47,078 --> 00:25:48,613 REASONS. 950 00:25:48,680 --> 00:25:50,448 >> SO, PEOPLE ALWAYS TALK ABOUT 951 00:25:50,515 --> 00:25:51,950 DOING DUE DILIGENCE IN THE 952 00:25:52,017 --> 00:25:54,119 INDUSTRY BEFORE THEY BUY 953 00:25:54,185 --> 00:25:55,520 A FRANCHISE. 954 00:25:55,587 --> 00:25:56,321 WELL, ONE OF THOSE PARTS OF THE 955 00:25:56,388 --> 00:25:57,956 DUE DILIGENCE IS CALLING 956 00:25:58,023 --> 00:25:59,524 EXISTING OWNERS. 957 00:25:59,591 --> 00:26:01,059 MOST FRANCHISE AGREEMENTS HAVE 958 00:26:01,126 --> 00:26:01,960 THAT NON-DISPARAGEMENT CLAUSE 959 00:26:02,027 --> 00:26:03,228 IN IT. 960 00:26:03,295 --> 00:26:04,496 I CAN TELL YOU IF I'M IN ONE OF 961 00:26:04,562 --> 00:26:06,264 MY STORES AND SOMEBODY CALLS ME 962 00:26:06,331 --> 00:26:07,732 AND STARTS ASKING QUESTIONS AND 963 00:26:07,799 --> 00:26:09,434 LET'S SAY I HAVE A NEGATIVE 964 00:26:09,501 --> 00:26:10,936 EXPERIENCE, AM I GOING TO REALLY 965 00:26:11,002 --> 00:26:12,137 SAY SO? 966 00:26:12,203 --> 00:26:13,171 I DON'T KNOW WHO'S ON THE OTHER 967 00:26:13,238 --> 00:26:14,039 END OF THE LINE. 968 00:26:14,105 --> 00:26:15,407 >> John: EXACTLY. 969 00:26:15,473 --> 00:26:16,841 YOU HAVE NO IDEA WHO MIGHT BE 970 00:26:16,908 --> 00:26:17,909 CALLING. 971 00:26:17,976 --> 00:26:18,944 IT'S FRANKLY ALL THE MORE REASON 972 00:26:19,010 --> 00:26:20,011 WHY YOU SHOULD JUST NEVER ANSWER 973 00:26:20,078 --> 00:26:21,346 YOUR PHONE. 974 00:26:21,413 --> 00:26:23,048 CALLING PEOPLE IS FOR DIVORCEES 975 00:26:23,114 --> 00:26:24,449 AND SERIAL KILLERS. 976 00:26:24,516 --> 00:26:25,450 I HAVEN'T ANSWERED MY PHONE 977 00:26:25,517 --> 00:26:26,351 IN TEN YEARS NOW. 978 00:26:26,418 --> 00:26:29,187 EITHER TEXT ME OR FORGET ME. 979 00:26:29,254 --> 00:26:30,622 AND LOOK, LOTS OF THE PROBLEMS 980 00:26:30,689 --> 00:26:31,790 YOU'VE SEEN TONIGHT EXIST IN 981 00:26:31,856 --> 00:26:33,358 SOME FORM WITH ALMOST ALL 982 00:26:33,425 --> 00:26:34,292 FRANCHISES. 983 00:26:34,359 --> 00:26:36,294 BUT SUBWAY IN PARTICULAR SEEMS 984 00:26:36,361 --> 00:26:38,797 LIKE THE ABSOLUTE WORST. 985 00:26:38,863 --> 00:26:40,031 AND FOR YEARS, THEIR STORE 986 00:26:40,098 --> 00:26:41,433 OWNERS HAVE BEGGED THEM TO BE 987 00:26:41,499 --> 00:26:43,568 LESS RESTRICTIVE, WITH SOME EVEN 988 00:26:43,635 --> 00:26:44,536 RELEASING THAT OPEN LETTER LAST 989 00:26:44,602 --> 00:26:46,271 YEAR, COMPLAINING ABOUT MANY OF 990 00:26:46,338 --> 00:26:47,005 THE THINGS THAT WE'VE MENTIONED 991 00:26:47,072 --> 00:26:49,107 TONIGHT AND ALLEGING WHENEVER 992 00:26:49,174 --> 00:26:50,175 THEY'VE SPOKEN OUT ABOUT ANY OF 993 00:26:50,241 --> 00:26:51,242 THESE ISSUES TO THE MEDIA, 994 00:26:51,309 --> 00:26:52,510 THEY'VE BEEN SILENCED BY CEASE 995 00:26:52,577 --> 00:26:54,045 AND DESIST LETTERS, BIASED 996 00:26:54,112 --> 00:26:55,647 ARBITRATIONS, AND FORCED 997 00:26:55,714 --> 00:26:57,182 NON-DISCLOSURE AGREEMENTS. 998 00:26:57,248 --> 00:26:58,817 BUT RATHER THAN LISTENING 999 00:26:58,883 --> 00:27:00,318 TO THAT, SUBWAY'S MADE THINGS 1000 00:27:00,385 --> 00:27:01,353 EVEN WORSE FOR THEM. 1001 00:27:01,419 --> 00:27:02,754 THEY RECENTLY UPDATED THEIR 1002 00:27:02,821 --> 00:27:04,456 CONTRACT FOR NEW AND RENEWING 1003 00:27:04,522 --> 00:27:05,423 FRANCHISEES, WHICH, AMONG OTHER 1004 00:27:05,490 --> 00:27:06,358 THINGS, EXPANDS THE 1005 00:27:06,424 --> 00:27:08,293 NON-DISPARAGEMENT CLAUSE TO 1006 00:27:08,360 --> 00:27:09,961 INCLUDE SUBJECTING THE SUBWAY 1007 00:27:10,028 --> 00:27:12,364 BRAND TO RIDICULE, 1008 00:27:12,430 --> 00:27:15,266 WHICH, COME ON, SUBWAY. 1009 00:27:15,333 --> 00:27:17,268 YOU'RE THE ONE WHO MADE YOUR 1010 00:27:17,335 --> 00:27:18,003 NEW LOGO TWO ARROWS 1011 00:27:18,069 --> 00:27:20,405 69-ING EACH OTHER. 1012 00:27:20,472 --> 00:27:21,606 THE CALL IS COMING FROM INSIDE 1013 00:27:21,673 --> 00:27:24,342 THE HOUSE HERE. 1014 00:27:24,409 --> 00:27:25,477 IT'S FRANKLY NO WONDER 1015 00:27:25,543 --> 00:27:26,945 ONE RESTAURANT INDUSTRY EXPERT 1016 00:27:27,012 --> 00:27:28,713 SAID, "NO ONE IN THEIR RIGHT 1017 00:27:28,780 --> 00:27:29,514 MIND WOULD SIGN 1018 00:27:29,581 --> 00:27:31,483 THE NEW AGREEMENT." 1019 00:27:31,549 --> 00:27:32,884 SO WHAT CAN WE DO? 1020 00:27:32,951 --> 00:27:34,586 WELL, I KNOW YOUR INSTINCT MIGHT 1021 00:27:34,652 --> 00:27:36,354 BE TO NOW NEVER GO TO YOUR LOCAL 1022 00:27:36,421 --> 00:27:37,455 SUBWAY. 1023 00:27:37,522 --> 00:27:38,823 IT MAY HAVE BEEN YOUR INSTINCT 1024 00:27:38,890 --> 00:27:39,991 BEFORE THIS SEGMENT BEGAN, AND 1025 00:27:40,058 --> 00:27:41,860 HONESTLY, IT REMAINS A GOOD ONE! 1026 00:27:41,926 --> 00:27:43,428 BUT IT'S WORTH REMEMBERING, SOME 1027 00:27:43,495 --> 00:27:45,196 HAVE SPENT THEIR LIFE SAVINGS ON 1028 00:27:45,263 --> 00:27:46,364 THESE STORES, BELIEVING THE 1029 00:27:46,431 --> 00:27:48,299 PROMISE THEY COULD BE THEIR OWN 1030 00:27:48,366 --> 00:27:49,934 BOSS AND ARE NOW STUCK IN A 1031 00:27:50,001 --> 00:27:51,302 BUSINESS MODEL THAT WAS STACKED 1032 00:27:51,369 --> 00:27:53,071 AGAINST THEM FROM THE START. 1033 00:27:53,138 --> 00:27:54,472 AND TO PREVENT THAT HAPPENING TO 1034 00:27:54,539 --> 00:27:55,673 ANYONE ELSE, THERE ARE THINGS 1035 00:27:55,740 --> 00:27:58,676 THAT WE SHOULD ABSOLUTELY BE 1036 00:27:58,743 --> 00:27:59,177 DOING TO BETTER REGULATE 1037 00:27:59,244 --> 00:28:00,111 ALL FRANCHISES. 1038 00:28:00,178 --> 00:28:01,713 THE FTC SHOULD TIGHTEN UP THEIR 1039 00:28:01,780 --> 00:28:02,647 RULES ON THEM AND MAKE 1040 00:28:02,714 --> 00:28:03,782 DISCLOSING FINANCIAL PERFORMANCE 1041 00:28:03,848 --> 00:28:05,250 MANDATORY. 1042 00:28:05,316 --> 00:28:06,151 THAT WOULD FORCE COMPANIES TO 1043 00:28:06,217 --> 00:28:07,485 GIVE A MUCH FULLER PICTURE 1044 00:28:07,552 --> 00:28:08,753 TO ANY POTENTIAL 1045 00:28:08,820 --> 00:28:10,055 INVESTORS OF WHAT THEY'RE 1046 00:28:10,121 --> 00:28:10,822 GETTING INTO. 1047 00:28:10,889 --> 00:28:12,490 BUT UNTIL THAT HAPPENS OR 1048 00:28:12,557 --> 00:28:14,359 SUBWAY SPECIFICALLY DECIDES TO 1049 00:28:14,426 --> 00:28:16,194 PRESENT A MORE ACCURATE PICTURE 1050 00:28:16,261 --> 00:28:17,996 OF HOW THEY OPERATE, MAYBE WE 1051 00:28:18,063 --> 00:28:19,664 CAN TELL THEIR STORY FOR THEM 1052 00:28:19,731 --> 00:28:22,133 THROUGH THEIR FAVORITE MEDIUM. 1053 00:28:22,200 --> 00:28:23,334 I'M TALKING, OF COURSE, ABOUT 1054 00:28:23,401 --> 00:28:25,336 KOREAN SANDWICH DRAMAS. 1055 00:28:25,403 --> 00:28:31,242 PLEASE TAKE A LOOK. 1056 00:28:31,309 --> 00:28:43,421 [SPEAKING KOREAN] 1057 00:28:43,488 --> 00:31:48,373 ♪ ♪ 1058 00:31:48,439 --> 00:33:31,109 >> John: THAT'S OUR SHOW. 1059 00:33:31,175 --> 00:33:36,414 THANKS SO MUCH FOR WATCHING. 1060 00:33:36,481 --> 00:33:37,415 WE'RE OFF NEXT WEEK. 1061 00:33:37,482 --> 00:33:37,982 WE'LL BE BACK JUNE 5. 1062 00:33:38,049 --> 00:33:43,788 GOOD NIGHT.