"Teldar Paper, Mr. Cromwell, Teldar Paper has 33 different vice presidents, each earning over 200 thousand dollars a year. Now, I have spent the last two months analyzing what all these guys do, and I still can't figure it out. One thing I do know is that our paper company lost 110 million dollars last year, and I'll bet that half of that was spent in all the paperwork going back and forth between all these vice presidents.
The new law of evolution in corporate America seems to be survival of the unfittest. Well, in my book you either do it right or you get eliminated.
In the last seven deals that I've been involved with, there were 2.5 million stockholders who have made a pretax profit of 12 billion dollars. Thank you.
I am not a destroyer of companies. I am a liberator of them!
The point is, ladies and gentleman, that greed -- for lack of a better word -- is good.
Greed is right.
Greed clarifies, cuts through, and captures the essence of the evolutionary spirit.
Greed, in all of its forms -- greed for life, for money, for love, knowledge -- has marked the upward surge of mankind.
And greed -- you mark my words -- will not only save Teldar Paper, but that other malfunctioning corporation called the USA." --Gordon Gekko
Financial Darwinism. In the motion picture "Wall Street", Gordon Gekko made this now famous speech (paraphrased above) extolling the virtues of greed as a motivator.
Many criticize DL and the Disney Corporation for its greedy nature, the constant accumulation of 'more'. But, can greed build a successful theme park? We can all see how, when competition is present, that greed can indeed lift a civilization up financially and socially. But what about the positive contributions of greed when there is no competition to strive against/with?
We have all seen many corporations (some that have been the targets of Federal anti-trust investigations) grow corpulent, corrupt, and lazy in the absence of competition. Being 'top dog' in the manner in which Disney has become accustomed certainly has its privileges and advantages; it also has severe liabilities. The temptation to 'rest on one's laurels' is, IMO, a constant battle. Add to that the lack of urgency to address real problems (whether those issues be operational, procedural, or structural), and we can see the dangers associated with greed sans the presence of competition.
Of course, Disney is experiencing no shortage of revenue at present, which is good for the bottom line, but is that synonymous with being good for DL? What are some examples that you see in the DLR where Disney is using their revenue wisely? Where are they wasting time and resources, in your opinion?
While Walt Disney was, at core, a businessman, was greed a prime motivator in buliding the Park, in your opinion? If you think it wasn't, and we are all looking at a Park that was not built by greed, I ask you, "Can greed successfully maintain this Park when there is, currently, no serious competition to motivate?". Does then the mere accumulation of 'more' become a motivator? And is that a poor substitute?