Theres an implication here that Walts flops put the company in danger. Perhaps true, but thats how Hollywood operated. All of the studios lived a form of paycheck-to-paycheck existence. Thats why it was always so hard for studios to receive financing or even go public they were bad investments. Even as recently as the 60s and 70s single films took down entire studios (Cleopatra & 20th Century Fox and Heavens Gate & United Artists are the most notorious). My grandmother would tell stories of people rushing out of Warner Brothers on payday because no one was sure their paychecks were going to good on the following day.
Yes, Walt gambled from time to time and sometimes he lost. But that too is the nature of the business and I challenge anyone to find a filmmaker that hasnt made a fair number of flops. Even Mr. Spielberg has 1941 stuck on his resume. But the thing that airlarrys list shows is that Walts flops are still making money today. How many movies from the 1930s and 1940s can make that claim? How many studios can still generate profits from their library more than half a century old ?
To imply that Walt somehow messed up, put the company in danger, and is responsible for the sorry shape that The Walt Disney Company is in today - that simply does not hold water. Walts studio survived and remained independent while all of his contemporaries crumbled. Disney survived the great first wave when Gulf+Western, Transamerica and all the other conglomerates invaded Hollywood. Giant studios like Paramount, MGM, United Artists and Universal did not. How does this indicate that Walt jeopardized the future? It seems to me that Walt did pretty good.
Well see how many more weeks Mr. Eisner can keep Disney independent.