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The good things take care of themselves.
We want to find all the negatives.
Wayne
Huizenga - Challenges
- Negative
- Improvement
The faster we grew, the more stores we
had open, the more money we made. Employees
move quickly up the ranks of a company
that's growing fast. Shareholders made
a lot of money. If you invested $25,000
from January 1987 to January 1994, you'd
have more than a million dollars. I get
a lot of personal satisfaction from that.
Wayne
Huizenga - Growth
- Employee
- Money
- Stocks
- Companies
Our philosophy has been to be fiscally
conservative, so we can be operationally
aggressive. We're not using borrowed money
to grow. So we'll put up a store just
to get there before the competition. If
it doesn't work, we'll close it and lose
a little equity. It won't kill us.
Wayne
Huizenga - Growth
- Money
- Competition
We're looking for something where we can
make something happen: an industry where
the competition is asleep, hasn't taken
advantage. It's going to be hard to find
another Blockbuster, but that doesn't
mean you can't have three good companies
growing. The point is, we're going to
be busy.
Wayne
Huizenga - Growth
- Companies
- Competition
I'm going to miss Blockbuster. I'm gonna
miss being CEO and all that stuff. We
had an atmosphere where everybody was
happy. When people make money, they're
happy.
Wayne
Huizenga - Employee
- Money
- Management
- Happy
I don't want to be just a voice on the
phone. I have to get to know these guys
face-to-face and develop a sincere relationship.
That way, if we run into problems in a
deal, it doesn't get adversarial. We trust
each other and have the confidence we
can work things out.
Wayne
Huizenga - Problems
- Challenges
- Confidence
- Partnership
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