“We’re family, we’re gonna be doing lots of dumb stuff together. Wait ‘til Christmas!”
Released in 1995, “Tommy Boy” wasn’t a huge hit at the box office (although it was profitable) or with critics. The movie garnered a cult-like following and is one of the most quotable movies of the 1990s for a certain generation.
What Happened: When Jim Farley took over as the CEO of Ford Motor Co (NYSE:F) on Oct. 1, 2020, many knew him for his years of experience in the automotive industry and his family ties to Ford.
Some knew that Farley was the cousin of "Saturday Night Live" star Chris Farley and also a cousin to former professional hockey player and the voice of the Carolina Hurricanes Tripp Tracy.
In honor of the 27th anniversary of the theatrical release of “Tommy Boy,” Farley shared some potential new details of the movie.
“People ask if Tommy Boy was based on our family. It was,” Farley tweeted. “During the summers Chris would travel on the road with his dad in Wisconsin. Every family has that kid that entertains everyone. Chris was ours. God, we were lucky!”
Chris Farley’s father Thomas was the president of Scotch Oil Co, a family-owned company in Wisconsin, and Chris worked with his father after college.
Related Link: 5 Things You Might Not Know About Ford CEO Jim Farley
Why It’s Important: Farley’s family tree has connections to the late actor and also connects him to Ford, the company he now leads.
Farley’s grandfather Emmett Tracy was an early employee of Henry Ford, the founder of Ford Motor Co. Tracy helped build the Ford Model T vehicles and worked at the Ford River Rouge factory.
Farley spent time from 1990 to 2007 with Toyota Motor Corp (NYSE:TM). The auto industry veteran then moved to Ford where he held several roles from 2007 to 2020 including Executive Vice President of Global Marketing, Executive Vice President of Ford Europe, Middle East ad Africa and Chief Operations Officer.
A rivalry between Ford and Tesla Inc (NASDAQ:TSLA) could have taken a step too far when CEO Elon Musk shared a video of Chris Farley from “Tommy Boy” in response to a Teslarati article discussing Farley mentioning testing its full self-driving suite.
“I found some footage of the drive,” Musk replied, sharing a clip of Farley in “Tommy Boy” swerving on the road and losing the hood of the car.
Some found the sharing of a clip featuring the dead relative of Ford CEO to be taboo and over the line.
F Price Action: Ford shares are trading at $16.84 on Friday and have traded between $11.14 and $25.87 over the last 52 weeks, according to Benzinga Pro.
Since Farley took the helm as the new CEO of Ford, shares are up 151%.
Photo: "Tommy Boy" courtesy of Paramount
