Wall Street is one of my favorite movies of all time. The sequel is due out soon. I'm pumped for it.
Here is a great clip, introducing Gordon Gekko to the world. If you listen carefully, you will hear Gekko's receptionist tell him his wife is on the phone. He doesn't flinch!!
Here are some memorable quotes from the original:
"The richest one percent of this country owns half our country's wealth, five trillion dollars. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons and what I do, stock and real estate speculation. It's bullshit. You got ninety percent of the American public out there with little or no net worth. I create nothing. I own. We make the rules, pal. The news, war, peace, famine, upheaval, the price per paper clip. We pick that rabbit out of the hat while everybody sits out there wondering how the hell we did it. Now you're not naive enough to think we're living in a democracy, are you buddy? It's the free market. And you're a part of it. "
"The main thing about money, Bud, is that it makes you do things you don't want to do."
Gordon Gekko: [at the Teldar Paper stockholder's meeting] Well, I appreciate the opportunity you're giving me Mr. Cromwell as the single largest shareholder in Teldar Paper, to speak. Well,
ladies and gentlemen we're not here to indulge in fantasy but in political and economic reality. America, America has become a second-rate power. Its trade deficit and its fiscal deficit are at
nightmare proportions. Now, in the days of the free market when our country was a top industrial po
wer, there was accountability to the stockholder. The Carnegies, the Mellons, the men that built this great industrial empire, made sure of it because it was their money at stake. Today, management has no stake in the company! All together, these men sitting up here own less than three percent of the company. And where does Mr. Cromwell put his million-dollar salary? Not in Teldar stock; he owns less than one percent. You own the company. That's right, you, the stockholder. And you are all being royally screwed over by these, these bureaucrats, with their luncheons, their hunting and fishing trips, their corporate jets and golden parachutes.
Cromwell: This is an outrage! You're out of line Gekko!
Gordon Gekko: Teldar Paper, Mr. Cromwell, Teldar Paper has 33 different vice presidents each earning over 200 thousand dollars a year. Now, I have spent the last two months analyzing what all these guys do, and I still can't figure it out. One thing I do know is that our paper company lost 110 million dollars last year, and I'll bet that half of that was spent in all the paperwork going back and forth between all these vice presidents. The new law of evolution in corporate America seems to be survival of the unfittest. Well, in my book you either do it right or you get eliminated. In the last seven deals that I've been involved with, there were 2.5 million stockholders who have made a pretax profit of 12 billion dollars. Thank you. I am not a destroyer of companies. I am a liberator of them! The point is, ladies and gentleman, that greed, for lack of a better word, is good. Greed is right, greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms; greed for life, for money, for love, knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA. Thank you very much.
I don't go to bed with no whore, and I don't wake up with no whore. That's how I live with myself. I don't know how you do it.
Blue Horse Shoe Loves Anacot Steel.
You stop sending me information, and you start getting me some.
Carl Fox: He's using you, kid. He's got your prick in his back pocket, but you're too blind to see it.
Bud Fox: No. What I see is a jealous old machinist who can't stand the fact that his son has become more successful than he has!
Carl Fox: What you see is a guy who never measured a man's success by the size of his WALLET!
Bud Fox: That's because you never had the GUTS to go out into the world and stake your own claim!
[Long Pause]Carl Fox: Boy, if that's the way you feel, I must have done a really lousy job as a father.
Carl Fox: "I came into Egypt a Pharoah who did not know."
Gordon Gekko: I beg your pardon, is that a proverb.
Carl Fox: No, a prophecy. The rich been doing it to the poor since the beginning of time. The only difference between the Pyramids and the Empire State Building is the Egyptians didn't allow unions. I know what this guy is all about, greed. He don't give a damn about Bluestar or the unions. He's in and out for the buck and he don't take prisoners.
"It's yourself you have to be proud of, Huckleberry".