No, Walter let his boy swing free. In an interview in Esquire he said that during the liberating days of the 60s he felt repressed since he had a family to support but had to work in the restrictive corp. workplace of CBS. The article goes on to say that his closing phrase "And that is the way it is." is also do to his lack of underwear. A low level manager from the personnel dept was tasked with giving the CBS news staff an overview of the company's new anti sexual harrasement guidelines. In the meeting, the manager mentioned proper dress and avoiding inappropriate clothing and for all; men and women to wear appropriate underwear (remember bra burning) Walter stood up and said "My boy was born free and shall remain free; and that is the way it is and shall remain." The "and shall remain" was dropped.