So I decided to step down as chairman of Madison Hotels, and give the company to Carl.

9 seconds sound clip from the Billy Madison movie soundboard.

You can hear this line at 01:23:44 in the Blu-ray version of the movie.

Quote context

[...]

- Sorry. Sorry about that.

- Yahoo, Billy! Billy's number one! Yahoo!

- That's nice, buddy.

- Yahoo! Yahoo for school! Yahoo for me!

- Anyways, this hotel stuff really isn't for me.

- So I decided to step down as chairman of Madison Hotels, and give the company to Carl.

- I'm gonna go to college. I'm gonna be a teacher.

- Peace! I'm outta here!

- Daddy! What can I say? I saved the day, I guess.

- Eric doesn't take over the company.

[...]

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