First Long Island Investors was conceived by Robert D. Rosenthal and co-founded by him and Ralph F. Palleschi in 1983. Bob Rosenthal had for a number of years been a key member of the Entemann’s Bakery leadership team (as EVP and COO), where he successfully planned and executed a public offering in 1976, and subsequent sale in 1978, of the firm. After Entenmann’s went through its second acquisition (first to Warner Lambert and then to General Foods), Bob decided to start First Long Island with Ralph, who had been Entenmann’s CFO. The Entenmann families became our first clients. The founders’ proven financial and investment expertise formed the principles of sound, long-term investment strategies which still guide the firm today.