Gordon Gekko Greed is Good Speech to Teldar Paper Shareholders

Discussion in 'Economics' started by ASusilovic, Aug 30, 2007.

  1. Gekko: 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 power, 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 3 percent of the company. And where does Mr. Cromwell put his million-dollar salary? Not in Teldar stock; he owns less than 1 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 steak lunches, their hunting and fishing trips, their corporate jets and golden parachutes.

    Cromwell: This is an outrage! You're out of line, Gekko!

    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.

    You must love this speech ! :D :D :D
     
  2. Daal

    Daal

    word. I bet there will be a similar speech on WS2. he will praising china and their savings rate of something
     
  3. of course its a great movie and a great speech.

    but unfortunately greed has not done very well for the mortgage market as a whole.

    as it is now on its knees and begging for mercy.

    from the outlaw josey wales

    ' dont piss down my back and try and tell me its raining'.
     
  4. I'm gonna load up on Teldar Paper.
     
  5. Classic. Can't get enough of it.
     
  6. I heard Anacon Steel might get taken over.
     
  7. Well, Blue Horseshoe LOVES Anacot Steel.
     
  8. Anyone heard when 2md one comes out, at least preliminary date?
     
  9. I think the sequel is just in pre-production stages right now. Shooting hasn't even begun. Cinematic release is probably a minimum of 18-24 months away. Can't wait!
     
  10. #10     Aug 30, 2007