I'm quitting the business today. I'm going to open up an appliance store, I've always really been into toasters. I'm giving it all up.
I think after 1970 or so, after I sold Soul City, I took off for awhile and didn't do too many gigs.
Making a company fit to sell may be the only way to ensure you never need a buyer.
You have to live life to the fullest. I don't want to slow down. I want the giving to be stepped up. So the older I get, the less I will be involved in the business side, the more in the philanthropic side.
I just stepped off the show biz bus and changed gears.
At Tatas, we believe that if we are not among the top three in an industry, we should look seriously at what it would take to become one of the top three players.. or think about exiting the industry
I certainly have no desire to sell a good controlled business run by people I like and admire, merely to obtain a fancy price. However, specific conditions may cause the sale of one operating unit at some point.
I started in a business background, but then it was like, 'you know, I can't do math,' so I changed it to a liberal arts degree and got my Bachelor of Arts in Communications and it made sense.
In general, an asset should be sold when it has greater value to a buyer. This happens when a buyer has a complimentary business or capability that would enable them to do more with that business. Many businesses we have exited were not failures, but had simply reached a point in their life cycle where they no longer provided a core capability or served as a platform for growth.
I got out of the business when I got out. The hunger was out of my system.
Trade sales are the bulk of exits, and there's no shame in that. Sometimes, it's exactly the right thing to do.
I actually quit the business. I went and drove a truck for a year and a half.
When you do make losses, or you have businesses that don't succeed, it's about knowing when to stop and do something else.
I've fallen back on this periodically, although I must say that getting out of the grocery business ranked right up there with getting out of the army as one of the happier experiences of my life.
When I had Mason, I was really ready to leave the business of acting, but still wanted to do work that I could control.
I mentioned that I was thinking of getting out of the business after Call Me Madam. I thought maybe I should become a homebody.
This business about graceful exit just simply has no realism to it at all.
When we exited the textiles business, we paid our bankers and labourers. We must have been the only company to do that.
