amy4bruce said:
I think that, if you examine the history of Disney, Walt made decisions in 1980 that were different than the ones he made in 1940.
??? Walter Elias Disney: December 5, 1901 - December 15, 1966.
I think Walt Disney has been immortalized over the years. So many people identify with him and the company he formed, and associate the name Disney with American values like family, honesty, and ethics. They associate the man with the fun they had a Disney park; how enjoyable the Disney movies are; or how he was like a favorite uncle visiting when the World of Disney would be on television. It's this idealized concept of Walt Disney that's referred to in the, "What would Walt do?" corporate ethos.
People often say, "Walt wouldn't have done that," when Disney does something they don't like, like close an attraction, raise prices, or bring in a new corporate sponsor to an attraction. It's not that Walt Disney the man wouldn't have done it. It's that their idealized concept of Walt wouldn't have done it.
In reality, he was a businessman. The bottom line meant a lot to him. He sometimes made unpopular decisions. He laid off large numbers of animators after the production of Snow White, for example, leading to the entire studio going out on strike. This didn't make him any less wonderful of an entertainer or person, it made him a businessman.
It's a terrible tragedy that Walt's life was cut short. I know the world would have benefited greatly had he been around longer. At the same time, I believe the Disney Corporation does indeed move forward in the spirit of Walt's memory. I don't doubt that many of the unpopular, yet fiscally necessary, decisions would have gone the same way if he were still the chairman.