Tootsie and financial success, the second most profitable film of 1982, and was nominated for ten Academy Awards including Best Picture. Lange was the only winner, for Best Supporting Actress. In 1998, the Library of Congress deemed the film "culturally, historically, or aesthetically significant" and selected it for preservation in the National Film Registry. The theme song, "It Might Be You", was performed by Stephen Bishop, with music by Dave Grusin and lyrics by Alan and Marilyn Bergman. It was a Top 40 hit in the United States and hit 1 on the adult contemporary chart. Michael Dorsey is a respected
Tootsie Roll Industries Mr. Rubin was able to steadily increase sales and restore profits, changing the formula of the Tootsie Roll and increasing its size, moving from Manhattan to a much larger plant in Hoboken, New Jersey, and guiding the company successfully through the difficult war years when vital raw materials were in short supply. When he died in 1948, he had increased the sales volume twelvefold. After his death, his brother William B. Rubin became president and remained president until 1962. In 1962, William's daughter, Ellen Rubin Gordon, took control, and as of January 2015, is Chairman and CEO of the company.