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When Peter Finch's publicist first met her client, she asked him what his ambition was. Finch replied unequivocally that the only thing he really wanted was that when he died they would write on his tombstone: "He was a good actor." Finch's wish came true, though he didn't live to see it happen; his Oscar for Network was awarded posthumously.
The Oscar literally changed Mercedes McCambridge’s life: her salary skyrocketed overnight, she got more publicity, more invitations to parties, and an active social life. All of these changes were “highly enjoyable fringe benefits, but, best of all, was the knowing that you earned it from your peers, that actors voted for your acting.”
James Cagney, winner of the Best Actor Oscar for “Yankee Doodle Dandy,” believed that “praise from your peers generates a special kind of warmth.” “I’ve always maintained,” Cagney said in his Oscar acceptance speech, “that in this business, you are only as good as the fellow thinks you are.”