Bea did everything to run that business!! All Delilah did was supply the recipe and when they had the restaurant, cook. Are you suggesting people who cook in restaurants are entitled to 50 percent of the profits? When the corporation was formed to market the pancakes, there is no suggestion in the story Delilah did a bit of work for the company. Delilah's contributions were (A) supplying the recipe and (B) working as a cook in the small restaurant, which is often a minimum wage job.
Even if Bea used her "charm", it's her charm, isn't it, not Delilah's, that got the business rolling. It's debatable whether or not Bea put up money - I believe she did, I can't see someone starting a business for you without you putting up something. She likely had to mortgage her house but the movie does not go into all the details. And even if she didn't, she is shown getting credit. This is not free money - Bea has to pay if back and if the business had failed it would have been all on her.
It is not a case "two friends starting a company together and they should have gotten the same amount", Delilah did absolutely nothing to run the company, it was all Bea's push and drive and hands-on work. The comparsion to royalty rates are absolutely accurate because that is all Delilah did - supplied the idea, not the marketing, not the financial investment. As has been mentioned over and over, in the business world to get 20 percent of the profits for something you do nothing more than come up with the idea for is extraordinary.
Take race out of play - if Bea and Delilah were both black (or both white) Bea would still deserve the lion's share of the profits for everything she did to make the business a success.
Finally, what do you think Bea's share was - it certainly was not the other full 80 percent. Ned was also in on the deal and they had stockholders, etc. so Bea's share was likely only 30-40 percent in itself even with all her work.
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