Michael Ovitz

You're not going to get it right for everybody, but if you can get it right for most of the people, but how do you do that? You have to have a business background. So I said to him at lunch yesterday,

You're not going to get it right for everybody, but if you can get it right for most of the people, but how do you do that? You have to have a business background. So I said to him at lunch yesterday,

I think that in order to run for governor or mayor of any city or state or president of the United States or vice president of the United States, you have to have had five years of business experience. You have to show on your LinkedIn that you ran a business, period.

I think that in order to run for governor or mayor of any city or state or president of the United States or vice president of the United States, you have to have had five years of business experience. You have to show on your LinkedIn that you ran a business, period.

And that you had employees and you had healthcare problems and people had deaths in the family and they needed days off and somebody was getting a divorce and you had to balance budgets and you had to find where to raise money. These are all things that are critical to running a business, which is a city or a state or a country.

And that you had employees and you had healthcare problems and people had deaths in the family and they needed days off and somebody was getting a divorce and you had to balance budgets and you had to find where to raise money. These are all things that are critical to running a business, which is a city or a state or a country.

Yeah, I must say he's one of my heroes. Steve, I met Steve in the 80s, and he was at Lehman Brothers. Very smart guy, very motivated, wanted to do something special. He and his mentor, Pete Peterson, and Pete was on the board of Momo with me. We got involved very early together because Pete was on the board of Sony. And I was Akio Morita, the founder of Sony's personal media advisor.

Yeah, I must say he's one of my heroes. Steve, I met Steve in the 80s, and he was at Lehman Brothers. Very smart guy, very motivated, wanted to do something special. He and his mentor, Pete Peterson, and Pete was on the board of Momo with me. We got involved very early together because Pete was on the board of Sony. And I was Akio Morita, the founder of Sony's personal media advisor.

And I got that position because he made a decision that he had better technology with the Betamax videotape than Matsushita, also known as Panasonic, had with VHS. And he did. His tech was better, but they beat him. They killed him. They killed him for two reasons. One, he had a max running time of two hours. There's no movie that automatically stops at two hours.

And I got that position because he made a decision that he had better technology with the Betamax videotape than Matsushita, also known as Panasonic, had with VHS. And he did. His tech was better, but they beat him. They killed him. They killed him for two reasons. One, he had a max running time of two hours. There's no movie that automatically stops at two hours.

Sometimes they're 1.50, but most of the time they're 2.10. So people couldn't record movies, which is all they used those machines for. Oddly, they were all invented by an American company called Ampex, and they were invented for a reason that you'll never guess. They were invented by a bunch of engineers at Ampex in the United States to record pornography.

Sometimes they're 1.50, but most of the time they're 2.10. So people couldn't record movies, which is all they used those machines for. Oddly, they were all invented by an American company called Ampex, and they were invented for a reason that you'll never guess. They were invented by a bunch of engineers at Ampex in the United States to record pornography.

It always comes back to that and pizza technology. Technology is all about porn and pizza and Diet Coke. But they sold the rights and Sony bought them. And he said, we sat for hours in Tokyo. How do I avoid this? I said, you have one shot. You can control the content. And I said, it's a tough shot because it's not profitable. but no one's going to beat you in technology if you combine the two.

It always comes back to that and pizza technology. Technology is all about porn and pizza and Diet Coke. But they sold the rights and Sony bought them. And he said, we sat for hours in Tokyo. How do I avoid this? I said, you have one shot. You can control the content. And I said, it's a tough shot because it's not profitable. but no one's going to beat you in technology if you combine the two.

So Pete was his board member, and they revered Pete, revered him. So I came to, I put Morita together in my home with Kirk Kerkorian, who owned MGM. And the three of us met for three hours discussing Sony buying MGM. And at the meeting, Morita did something genius. He brought a box, about six inches square, and he put it on the coffee table and he let it sit there.

So Pete was his board member, and they revered Pete, revered him. So I came to, I put Morita together in my home with Kirk Kerkorian, who owned MGM. And the three of us met for three hours discussing Sony buying MGM. And at the meeting, Morita did something genius. He brought a box, about six inches square, and he put it on the coffee table and he let it sit there.

And you could see Kirk just staring over at this box. It was so Japanese. And finally, Kirk says, he says, I can't take it anymore. What's in that box? Morita said, the future. He opens the box and it's a handheld videotape recorder, this big, like four inches big. with a little mini tape in it. And Kirk played with it, used it, it was simple to use, videoed the whole meeting. And at the end,

And you could see Kirk just staring over at this box. It was so Japanese. And finally, Kirk says, he says, I can't take it anymore. What's in that box? Morita said, the future. He opens the box and it's a handheld videotape recorder, this big, like four inches big. with a little mini tape in it. And Kirk played with it, used it, it was simple to use, videoed the whole meeting. And at the end,

Morita takes the camera away from Kirk, puts it in a box and seals it and thanks him for the meeting and said, Kirk said, can I have the camera? He said, no, if you sell me the studio. So we left. We couldn't make a deal. We tried to make a deal. We couldn't make a deal. And then I started getting involved with a guy named Walter Yednikoff, who was a client of mine who ran CBS Records.

Morita takes the camera away from Kirk, puts it in a box and seals it and thanks him for the meeting and said, Kirk said, can I have the camera? He said, no, if you sell me the studio. So we left. We couldn't make a deal. We tried to make a deal. We couldn't make a deal. And then I started getting involved with a guy named Walter Yednikoff, who was a client of mine who ran CBS Records.