The Canadian Sportsman
In Quotes
Back To In QuotesAugust 12, 2010
“The only thing that allowed the North American automobile industry to respond to the crisis it was in was, in fact, hitting rock bottom, going broke. And the only thing that allowed the American automobile industry to restructure was the government saying, 'You are broke and you are going out of business, except that we are going to intervene to keep you in business. To keep you in business, we are going to demand that you do various things, including shutting down capacity in a very significant way, shutting off product lines, changing your Board of Directors, changing the leaders of your companies, in some cases.'”
— Clay Horner (above), partner Osler, Hoskin & Harcourt, LLP, horse owner and vice-chair of the Board of Directors of the Woodbine Entertainment Group (WEG) in the 10th in a daily series of quotes pulled from our Round Table Discussion entitled 15 Essential Ideas for Saving Racing. Dave Briggs’ Last Call Online column about the Round Table is available here. The entire Round Table Discussion booklet is available to download as a pdf by following this link and clicking on the “Now Available” item in the bottom left corner of the page.
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