Sunday, June 14, 2009

Unheard Walt's Words- Money & Stockholders

"There are some people that sit and worship money as something you've got to have piled up in a big pile somewhere. I've only thought of money in one way, and that is to do something with it. You see, I don't think there is a thing that I own that I'll ever get the benefit of except through doing things with it." -Walt Disney

"Well as far as my stockholders go I've felt we'll never pay these dividends until that company is right. Because, I felt that we must build it up and we can't borrow money to pay dividends. Just what to appease some stockholder who wants his dividend. I'm building him assets. Their stock is worth a lot more today than it was. Now that's what I feel is my obligation to them. My brother and I have been right together in that right from the get-go. And we've felt that assets is the thing that we are responsible for not appeasing some stockholder. We're not afraid of the stockholder coming in to us because we know we're doing what's right for the company." -Walt Disney

(From a 1961 Interview with Peter Martin)

Unheard Walt's Words- Sequels

"That's one thing I've never believed in, is sequels to things. I've never believed in doing sequels. I didn't want to waste the time I had doing the sequel. I'd rather be using that time I had doing something new and different... they wanted me to make more (films) with the dwarfs in it, and I said no... and it worked out." -Walt Disney

(From a 1961 interview with Peter Martin)