"This proud company, which has survived the death of its founder, numerous recessions, one major depression, and two world wars, is in imminent danger of self-destructing - on this day, in the town of its birth. There is the instrument of our destruction. I want you to look at him in all of his glory, Larry 'The Liquidator,' the entrepreneur of post-industrial America, playing God with other people's money. The Robber Barons of old at least left something tangible in their wake - a coal mine, a railroad, banks. This man leaves nothing. He creates nothing. He builds nothing. He runs nothing. And in his wake lies nothing but a blizzard of paper to cover the pain. Oh, if he said, 'I know how to run your business better than you', that would be something worth talking about. But he's not saying that. He's saying, 'I'm gonna kill you because at this particular moment in time, you're worth more dead than alive.' Well, maybe that's true, but it is also true that one day, this industry will turn. One day when the yen is weaker, the dollar is stronger, or, when we finally begin to rebuild our roads, our bridges, the infrastructure of our country, demand will skyrocket. And when those things happen, we will still be here, stronger because of our ordeal, stronger because we have survived. And the price of our stock will make his offer pale by comparison. God save us if we vote to take his paltry few dollars and run. God save this country if that is truly the wave of the future. We will then have become a nation that makes nothing but hamburgers, creates nothing but lawyers, and sells nothing but tax shelters. And if we are at that point in this country, where we kill something because at the moment it's worth more dead than alive - well, take a look around. Look at your neighbor. Look at your neighbor. You won't kill him, will you? No. It's called murder and it's illegal. Well, this too is murder - on a mass scale. Only on Wall Street, they call it 'maximizing share-holder value' and they call it 'legal.' And they substitute dollar bills where a conscience should be. Damn it! A business is worth more than the price of its stock. It's the place where we earn our living, where we meet our friends, dream our dreams. It is, in every sense, the very fabric that binds our society together. So let us now, at this meeting, say to every Garfield in the land, 'Here, we build things. We don't destroy them. Here, we care about more than the price of our stock! Here, we care about people.' Thank you."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
Imported from EN Wikiquote
https://en.wikiquote.org/wiki/Other_People's_Money
Revision History
No revisions have been submitted for this quote.
Categories
Other People's Money
13 quotes on TrueQuotesView all quotes by Other People's Money β
Related Quotes
"I love money. I love money more than I love the things it can buy. Does that surprise you? Money, it don't care whethβ¦"
"[circling a conference room] TRO? Temporary Restraining Order? Thank you very much. Some crew I've got. Seventeen lawβ¦"
"[after Jorgenson's speech] Amen, and amen, and amen. You'll have to forgive me, I'm not familiar with the local custoβ¦"
"There's no deal to be made with predators. You kill it or it kills you."
"Danny DeVito - Lawrence "Larry the Liquidator" Garfield"
"Gregory Peck - Andrew Jorgensen"
"Penelope Ann Miller - Kate Sullivan"
"Piper Laurie - Bea Sullivan"
"Dean Jones - Bill Cole"
"R. D. Call - Arthur"