...greed and unethical behaviors in the attempt to build fortune on the all mighty dollar. The movie focuses on the stock market and the way inside information is used to make decisions to build cash and profits at the costs of others. It portrays the decisions one may make when faced with the temptation of green gold. As Gordon Gekko said, “greed is good”. There are the obvious correlations that most people will pick out right away when watching this movie. This is the use of inside information to gain a position of advantage over the general public as previously mentioned. In the movie Gekko was interested in getting detailed information that only those in the firm of interest would know which would give him information as to whether a company’s position in the market would be favorable or unfavorable thus giving him an unfair advantage to either buy stock or sell stock currently owned. In the movie Buddy Fox was used as an accomplice to go out and find investments that were “sure” to make profits because as Gekko would say, “I hate losses”. Gekko and Fox were also involved in some hostile takeovers of companies in order to make money. Gekko used Fox to convince his father’s company Bluestar Airlines to buy into his plan to “restructure” the company back to profitability once again only to break the company up and liquidate its assets to turn an easy profit. There were also more subtle lessons that could be taken from the movie...
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...in life. Today, in the United States the research from 2012 says that there is more distinction between rich and poor and that richer people are greedier. The highlight of the movie Wall Street is that the “Greed is good” speech by Gordon Gekko. Greed is not always good or bad. Greed is the excessive desire for more than is needed or deserved, not for the greater good but for one’s own selfish interest, and at the detriment of others and society at large. Throughout our short life, the idea of our mortality makes us question ourselves. Not only that, but it conflicts with our strong survival instincts, giving rise to anxiety about our purpose, meaning, and value. It happens that our culture or lack of it is in a state of flux and crisis; places a high value on materialism, and greed. Our culture’s emphasis on greed is such that people have become immune to satisfaction. Having acquired one thing, they are immediately ready to desire the next thing that might suggest itself. Today, the object of desire is no longer satisfaction, but desire itself. On the other hand, greed can be good sometimes. Without greed, a person, community, or society may lack the motivation to build or achieve, move or change. In the movie “Wall Street” Gordon Gekko says, “Greed, for the lack of a better word, is good. Greed is right, greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit....
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...Wall Street It seems ironic that this film was set in the early 1980’s which was the same time that I was working for a privately owned Fortune 500 company. I gained a lot of experience with this company by learning how to handle different situations that would arise, but mostly how to work with a diversity of personalities. Both Fox and Gekko quoted “it’s another dog with fleas” and that reminded me of my feelings during this tenure of employment which was ‘it’s a dog eat dog world.” Our firm had a group of headhunters that would scour the colleges to bring new talent into the company. Every year we would receive a group of sales trainees and they would work in various departments learning the business from the bottom up. We were privileged to host these young men (there was never a female trainee at that time) for a period of six weeks. Many would start the program ready to tackle the world. They were aware of the fact that “if you do good, you get perks.” These perks could include that “corner office with a view” or a prime sales territory. Any advantage the trainees could achieve over one another worked to the benefit. It was apparent that there was indeed “trench warfare out there.” As I would work with these young men, who were often the same age as myself, I could sense an undertone of greed. Hey had but one goal, and that was to succeed in the company. There were two young men that really caught my attention and I feel helped to mold me into the manager...
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...main characters “BUD FOX” and “GORDON GEKKO” played by Charlie sheen and Michael Douglas. Bud fox is a junior stock broker who wants to become rich. He came from an honest middle class working family while Gordon gekko is a ruthless millionaire and a mythical Wall Street player. The theme of the movie is greed for money. How our society is engage in unethical acts for the sake of money. Portrayal of Business World The movie portrayed the business world in a negative way especially brokerage business. Movie highlights the greed of businessmen to become richer and they can do anything for money. The characters in the movie are also greedy people who can do anything for the sake of money. Bud fox is a young man who belongs to honest family but just for the sake of becoming richer, he did an unethical act in the business for Gordon. Their behavior was compensated not with charitable giving, the dividing the wealth with those less successful, or innovation to serve humanity, but they are spending this black money for their luxury, private jets, prostitute and drugs etc. The movie is scattered with examples of many negative views and unethical acts, few of them are described below. The unethical act done by bud was that when he finally met with gekko, who was his mentor, he illegally shared secret information about an airline i.e. blue star airlines with gekko in order to impress him and make money. With the help of this information, gekko earns a lot of...
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...Wall St. Bud’s persistence leads him to a face-to-face meeting with Gordon Gekko. Mr. Gekko is considered one of the richest and most ruthless businessmen in the nation. After an impromptu meeting with Mr. gekko, Bud gets his chance to work for him. Through Mr. Gekko’s guidance and leadership, Buddy learns how to play the system and succumbs to Mr. Gekko’s illegal trading practices and greed. Section II: Leadership Application Gordon Gekko is the main leader throughout most of the movie. As the main leader Gordon Gekko demonstrates leadership characteristics that are charismatic, confident, enthusiastic, tactful, bearing, and decisive. His leadership emerged when he demonstrated the ability to make solid decision rather quickly. Gordon Gekko said “the most valuable commodity is information” (Pressman & Stone, 1987). He used his analytical skills to evaluate the trends of struggling organizations and used that information to make risky and mostly successful decisions. His leadership also emerged when he began to use his power to have such a strong influence over Bud Fox to get the results he wanted. Mr. Gekko was able to communicate with people in a direct and effective manner. He was able to conduct and control his manners and his emotions up until the end. His appearance, his posture, and his mannerism reflected self-confidence and self-control. Beyond ordinary leadership, Gordon Gekko was a strategic leader because he was able think, act, and influence others...
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...The movie Wall Street (1987), written and directed by Oliver Stone, is about a fledgling and ambitious stock broker, Bud Fox, trying to learn from and become like his idol, a greedy, immoral, and wildly successful corporate raider named Gordon Gekko. In the movie, Bud Fox makes his way into Gekko’s office initially through persistence but makes his mark by informing Gekko of inside information regarding a company, Blue Star Airlines. Gekko rewards Bud Fox by showing him the rich and fast life, and Bud Fox continues to help Gekko make money in an illegal fashion. Eventually, Bud Fox wants to be in on part of a deal that involves Blue Star Airlines, for which his father is a labor union head. The deal goes sour for Bud Fox when he finds out that Gekko plans to dismantle the company and sell its parts, destroying his father’s and father’s friends’ jobs, rather than the initial plan of changing how the company is run and helping it succeed. This causes Bud Fox to go to Gekko’s enemy, Sir Larry, for help in order to successfully save the airline. All in all, I believe that Gordon Gekko, though a greedy corporate raider, is a great strategist who brings value to the shareholder while having many skills as an effective administrator sans one in human skill that leads to his eventual downfall. The term ‘corporate raider’ or ‘takeover artist’ often has a negative connotation associated with it in the English language. I believe this is due to one of the ways that corporate raiders...
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...ethics issue that you can find in the movies? The movie Wall Street represent of bad morals and bad business ethics in the world of business.There are the main character that is Bud Fox by Charlie Sheen and Gordon Gekko by Michael Douglas.The business ethics issue that we find in this movie is, Gekko does not want just a few tips on the stock market, he wants information of the sort that should be confidential, obtained by any means necessary, even if it involves using unethical and illegal methods. Desperate to advance in life, Fox agrees. One of his first job is to spy on Sir Lawrence Wildman and follow his next move. By following Wildman through New York, Fox founds that he is out to take control of a major steel company in Pennsylvania and informs Gekko who breaks the news to the press and then and buys the shares. He continues to curious information, going as dressing up as a cleaner and breaking into the offices of lawyers and businesses after work in order to gain necessary data.Bud Fox believes that the Bluestar Airlines can be move on and will be success. 2. What is the business ethical dilemma for Bud Fox and Gordon Gekko’s are facing that depicted in the movies? Things seem to be going well, but then Fox learns at a shareholders meeting that Gekko has indeed double-crossed him and in fact intends to sell off all of Bluestar's assets leaving Carl and the entire Bluestar staff unemployed once the stock peaks at it's price. Fox himself stands to make a fortune...
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...Cherylann Victoria Maston Alternative Dispute Resolution PLG 111-1602 05-03-2016 Assignment 2 In the case between Donna and Vic, the issue is whether Donna’s insurance company Gekko had a duty to negotiate in good faith with Vic, who was willing to negotiate a settlement for 100,000. Donna claims that the insurance company Gekko had a stubborn refusal to change their view, they would not settle for more than 50,000 and were willing to take their chances in court. Ultimately, Vic wins a verdict of 200,000 however, Gekko will only pay 100,000 and Donna must pay the remaining 100,000 which forces her into bankruptcy. Donna wants Gekko to pay the full amount awarded to Vic since she feels Gekko had a duty to negotiate in good faith and could have settled the case for the amount they are already going to pay to Vic. Under Ohio case law there are two cases that will have a direct impact on how the Ohio civil court will most likely rule on Donna’s suit against Gekko. In the case of Shaeffer, Whiting v. Grange Mutual Casualty Company, 1981 Ohio App. Lexis 14351 (Ohio Ct. App. 1981) the plaintiff filed suit against the Grange insurance company arguing there was willful disregard of their obligation to settle in good faith without litigation. However, Grange denied any negligent or willful failure to negotiate a settlement, nor did they fail to live up to their obligations in the insurance contract. The issue in this case is whether Grange has an enforceable duty to the...
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...top of his field. He ends up not only working for a brokerage firm during the day but he also spends much of his spare time working on a position with one of the biggest stock speculators on Wall Street, Gordan Gekko whom Fox admires. Gekko is extremely successful, but a ruthless and greedy broker who achieved his status by manipulating the market using inside information. Gekko takes advantage of Fox’s burning desire to succeed and explains to Fox his philosophy that “Greed is good” and slowly shapes his apprentice in this mold of win at all costs. Soon Fox found himself thriving on doing whatever it took to become rich, even if that meant doing something unethical and illegal to gain an advantage, which he ends up paying a hefty price for at the conclusion of the film. There were multiple unethical and illegal things that Fox ends up participating in because of the lessons he had been taught from Gekko. For instance, inside trading, spying, possessing the attitude of doing whatever it takes to get rich quick and betraying people like his own father. Insider trading is not only against the law but it is also unethical. Fox knowingly participates in such activities in order to work for Gekko, whom can help him make a lot of money in the short-run. After meeting Gekko, Fox gives him a stock tip based on insider information he happened to come across while talking to his father, Carl. He immorally...
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...Summary Wall Street is a 1987 American drama film released by 20th Century Fox. It was directed by Oliver Stone, written by Stone and Stanley Weiser, and stars Michael Douglas, Charlie Sheen, and Daryl Hannah. The film tells the story of Bud Fox (Sheen), a young stockbroker desperate to succeed who becomes involved with his hero, Gordon Gekko (Douglas), a wealthy, unscrupulous corporate raider. Stone made the film as a tribute to his father, Lou Stone, a stockbroker during the Great Depression. The character of Gekko is said to be a composite of several people, including Owen Morrisey, Dennis Levine, Ivan Boesky, Carl Icahn, Asher Edelman, Michael Ovitz, Michael Milken, and Stone himself. The character of Sir Lawrence Wildman, meanwhile, was modelled on the prominent British financier and corporate raider Sir James Goldsmith. Originally, the studio wanted Warren Beatty to play Gekko, but he was not interested, and Stone wanted Richard Gere, though Gere passed on the role. Stone went with Douglas even though he had been advised by others in Hollywood not to cast him. Efficient-market hypothesis Within the Efficient-market hypothesis, the Strong form of EMH additionally claims that prices instantly reflect even hidden or "insider" information. This is what was demonstrated within this video being that it focused on insider trading. However, The SEC believed in the Semi strong Version because this version claims both that prices reflect all publicly available information and...
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...The standards of success and prosperity for the protagonists of Death of a Salesman and Wall Street are inflated by the media, celebrities, and their family lives. In the face of his brother’s triumph in Alaska, Willy struggles to achieve the same level of unrealistic, exaggerated success as a mere salesman in Death of a Salesman. Similarly, by working under the exaggeratedly cutthroat Gordon Gekko, Bud Fox seeks a hollow life of luxury, stolen through cheating. Both Willy and Bud try to succeed with exaggerated and unrealistic goals due to the pressure presented to them through external forces such as their mentors, society, their families, and the workplace. The pressure that Bud and Willy’s mentors place on them causes them to exaggerate their goals to unrealistic levels. As a result, Willy’s lucidity spirals into a deep depression that leaves him in a delusional mentality that refuses to let him face the reality of his present situation while Bud’s sanity becomes overcome by his hunger for power that is fed by his ego and arrogance. Ben Loman is the foil to Willy Loman’s character. He is wealthy, bold, and a ruthless business man. He is the epitome of a success story and living the American Dream. Ben is one of the fortunate few who found incredible success without much work, something which Willy recognizes and wants. Willy Loman believes that like his brother, he too can rise from humble beginnings to importance. His specific angle on this outlook is that a man succeeds...
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...In the case presented, Donna Driver admitted liability in a car accident with Vic Victim. Her liability coverage through Gekko is $100,000. Vic’s medical bills alone are close to $100,000 and he may be granted more than that because of missed work and pain and suffering. Donna requested her insurance company to settle the case with Vic’s offer of $100,000. Gekko declines and at trial Vic wins $200,000. Donna had to file bankruptcy because of this loss and is now suing Gekko for not negotiating in good faith. You have asked me to research how the cases of Shaeffer, Whiting v. Grange Mutual Casualty Company, 1981 Ohio App. LEXIS 14351 (Ohio Ct. App. 1981) and Schneider v. Eady, 2008-Ohio-6747 (Ohio Ct. App. 2008) will affect our case with Donna Driver. In Shaeffer, Whiting v. Grange Mutual Casualty Company, 1981 Ohio App. LEXIS 14351 (Ohio Ct. App. 1981) the Ohio Court of Appeals ruled that liability insurance companies owe no duty to injured third-party claimants. The court stated that the plaintiffs had no relationship with the insurance company that required the company a duty of good faith to settle the claim without litigation. The only contractual duty the insurance company had with the plaintiffs “was to pay medical payment expenses pursuant to the terms of their insurance contract.” Id. Because the insurance company paid the limit of the insured medical liability, they lived up to their contract and had no other contractual duties owed the plaintiffs. The court held...
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...The “Reagan 80s”, a Wall Street bull market and excess for the sake of excess. During this decade, the economy was coming out of a severe recession after 1982 and it exploded shortly thereafter. It seemed out of nowhere, people were getting rich by investing in the stock market. The 80’s was the decade of the corporate raiders. Powerful, money hungry investors would buy companies when their values were on the line and dismantle them, selling off the assets piece by piece and becoming filthy rich off of it. Clearly, these investors had to have had the education and long career in the financial industry in order to have the knowledge to pull off maneuvers like this. This whole idea of excess that ran rampant in the 80s leads us to ask the question “when is enough, enough?” This paper is going to compare and contrast the 1987 film Wall Street and the 1990 novel American Psycho. Out of both texts, there are common elements and themes found throughout. These themes include capitalistic greed, vanity and morality during the Reagan 80s. The paper will also touch on common perceptual elements seen throughout both texts, such as the perception of “yuppies” and the perception of Wall Street type professionals. After two successful books which detailed the life of rich, sexually ambiguous teenagers during the 1980’s, 27 year old Bret Easton Ellis developed a character that in some sick, twisted way can be relatable to by most people today. Patrick Bateman is a young Wall Street...
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...Question 1 What do you think of Jerry Chen’s motto: “Make more money is my dream”. How would you compare Jerry to Gordon Gekko in the first movie, Money never sleeps? In our opinion, Jerry Chen’s motto “Make more money is my dream” can motivate people to pursue a better financial life. But a motto can influence people with different personality in different ways. In this movie, this motto had lead Jerry to become a money advocate person. As a service provider, he did not give his best services to the cruise but he chose to serve only those who were capable and willing to give tips but critic other customers who doesn’t give him tips is not ethnical. His attitude cannot be accepted in the workplace and therefore his manager did not continue his contract after his probationary period. Compare Jerry to Gordon Gekko, Jerry is an impulse person and he doesn’t know how to plan his future well. His self-centered and ego personality had brought him to the failure. He was failed to continue working in cruise after the probation period. But Gordon, he always got a plan for his next steps. Gordon Gekko’s motto “Money never sleeps” means money never rests meaning to say that we can make money at any time once we know the way of earning money. After he was caught in jail, the money that he earned still belongs to him after he was out of jail although with some dirty...
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...Orelus, Pierre Andral Prof: Troy A. Stefano P0764643 08/04/2013 John Q. A low factory workers name Archibald John Q deals with a tragic moment after his workplace’s hours been reducing during some financial problem. That’s not only the problem he has. The worst case scenario is when his sons Michael had stricken in the middle of a baseball game. The people at the baseball game took the child into hospital to find treatments. As soon as the child is in the hospital, John and his wife, Denise had found out that their child is in need of an emergency heart transplant. Even though Archibald had health insurance, they were informing by the hospital administrator that their policy doesn’t cover this expensive procedure. They had try anything to raise money, but he was incapable to raise the amount of money by himself. He try talking to the hospital’s compassionate cardiac surgeon, to ignore his lofty fee, he left him with nothing. And tells John to take his son home to die. John had stressing had nothing left in his mind. They left john with no other choice. John got upset and go into the hospital hold the staffs, and patients of the hospitals in the emergency rooms at gunpoint. What are the ethical and legal issues show in the movie john q? In the movie, John Q the ethical and legal issues are it gives us a clear view on the duties of public helps, and private administrators with regards to ethical decision they face in the daily execution of duties in communities they represent...
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