A most unusual aspect of the Waltons was that they believed in family ownership. Way back in 1953, following a model created by Helen's father, Sam gave all his shares in the company to a family corporation... Sam continuously worried that his kids and grandkids would get into fights like rich kids often do.
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"I have a little yellow Dodge convertible I drive in parades. I bought it for $1,900 from some guy who advertised in the paper."
"I believe in the American dream."
"Capital isn't scarce. Vision is."
"It never occurred to me that I might lose; to me, it was almost as if I had a right to win. Thinking like that often seems to turn into sort of a self-fulfilling prophecy."
"I think it's important to have fun in what you do."
Describing an unconventional family business structure driven by tax avoidance and a pragmatic fear of family disputes over wealth.
Date: 1953
InspirationalFound in 1 providers: gemini
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