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 acquire the troubled company. The company was listed on the New York Stock Exchange, but Bernard D. Rubin acquired a list of shareholders and approached them in person in order to purchase their shares. The Rubin family eventually achieved control of Tootsie Roll and agreed that Bernard Rubin would run the company as president. Under his leadership, the company was able to steadily increase sales and restore profits by changing the formula of the Tootsie Roll and increasing its size. Additionally, Rubin moved the company from Manhattan to a much larger plant in Hoboken, New Jersey, and guided the company