Film / Wall Street

"The point is, ladies and gentlemen, that greed — for lack of a better word — is good."
Gordon Gekko

Wall Street is a 1987 movie directed by Oliver Stone and starring Michael Douglas (in an Oscar-winning performance) and Charlie Sheen.

A stockbroker named Bud Fox (Sheen) wants to become top of the world. He becomes involved with his idol, Gordon Gekko (Douglas), a ruthless Wall Street player who has a conflict with Bud's father, Carl (Martin Sheen).

It received a sequel in 2010, Wall Street: Money Never Sleeps.

Not to be confused with the actual Wall Street. ...there is no such article on that here yet.

"Tropes, for lack of a better word, are good. Tropes work."

  • Alliterative Name: Gordon Gekko.
  • Artistic License Law: When Gekko asks Fox to follow Lawrence Wildman around, Fox complains that he could lose his license and/or go to jail. In reality, there's nothing illegal about following someone around and noting that he ate lunch in a public restaurant with other people, as this is all publicly observable information. It would only be illegal if Fox was menacing Wildman in some way, and Fox tries not to be noticed by Wildman or anyone with him. The first illegal act Fox commits is searching Roger's law firm's records (under the ruse of co-owning the cleaning company) and making copies of them for Gekko.
  • Better Than Sex: Gordon Gekko relates that when he made an $800,000 profit on his first business real-estate purchase, he thought making all that money was "better than sex," but years later, he only sees it as a day's pay.
  • Big Bad: Gordon Gekko, who is an unscrupulous corporate raider and an Evil Mentor to Bud Fox.
  • Bittersweet Ending: Bud saves the airline, but is facing a jail term. Likewise, the airline workers have staved off unemployment, but are facing wage cutbacks. But the sequel reveals that once Bud does his stint, he takes up the job at Bluestar that Mr. Wildman offered him, proceeds to turn it into one of the most successful airlines in the country and retires a rich man.
  • Broken Pedestal: Bud's attitude to Gekko after he intentionally plans to drive his father's cherished company into bankruptcy.
    Gordon Gekko: What the hell do you want?
    Bud Fox: I found out about the garage sale down at Bluestar. Why?
    Gordon: Last night I was reading Rudy about the story of Winnie the Pooh and the Honey Pot. You know what happened? Stuck his nose once too often, and he got stuck.
    Bud: Maybe you ought to read him Pinocchio. I thought that you were gonna turn Bluestar around, not upside-down. You fucking used me!
    Gordon: Well you're walking around blind without a cane, pal. A fool and his money are lucky to get together in the first place.
    Bud: But why do you need to wreck this company?!
    Gordon: Because IT'S WRECKABLE, allright?! I took another look at it and I changed my mind.
    Bud: If these people lose their jobs, they got nowhere to go. My father has worked there for 24 years. I gave him my word!
    Gordon: It's all about bucks, kid, and the rest is conversation. Hey Buddy, you're still going to be president, allright! And when the time comes, you're going to parachute out a rich man. And with the money you're gonna make, your dad's never gonna have to work another day in his life.
    Bud: So tell me, Gordon when does it all end, huh? How many yachts can you waterski behind? How much is ENOUGH?
    Gordon: [sarcastially while filling up a glass of wine] It's not a question of enough, pal. It's a zero-sum game. Somebody wins, somebody loses. Money itself isn't lost or made, it's simply, uh, transferred from one perception to another, like magic. [points to a [painting] This painting here, I bought it 10 years ago for $60,000. I could sell it today for 600. The illusion has become more real, and the more real it becomes, the more desperate they want it. Capitalism at its finest.
    Bud: How much is enough, Gordon?
    Gordon: [chuckles] The richest 1% of this country owns half our country's wealth: 5 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, is stock and real estate speculation. It's bullshit. You got 90% 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. [smugly] Yeah, you've got that killer instinct. [chuckles] Stick around pal, I've still got a lot to teach you.
    Bud: Obviously.
    Gordon: Aw Buddy, come on, look I was gonna tell you about it, allright? Calm down, allright. We'll go up my apartment tonight, have a little dinner, you bring Darien.
    Bud: No, I can't.., I can't make it tonight.
    Gordon: Hey Buddy, are you with me? I need to know if you're with me.
    Bud: I'm with you, Gordon.
    Gordon: [Gordon pats on his back] Natalie, I'll be right there. [grabs a phone and dials to Ollie]
    Ollie: [over the phone] Yeah?
    Gordon: [speaks on the phone] Yeah, Ollie. You tell them, I want zip-locked mouths on the Bluestar deal or I'll personally come down there and rip out their fucking throats!
  • Corrupt Corporate Executive: Gordon Gekko. The guy's New Era Speech even exemplifies his MO: "Greed, for lack of a better word, is good."
  • Deal with the Devil: Bud does a deal with Gekko, but it comes with a high cost.
  • Engineered Public Confession: Bud is secretly wearing a Hidden Wire to record Gekko's own crimes as part of his deal with the SEC to get a lighter sentence, during their final confrontation.
  • Even Evil Has Standards: If you were to go by the earlier scenes in the movie, you would think that none of Bud's coworkers have any semblance of morality. However, towards the end of the movie, when they all find out about Bud's involvement in securities fraud, almost everyone in the office is giving him a cold stare.
    • An earlier draft of the script reveals that even Larry Wildman drew the line between corporate raiding and insider trading.
  • Evil Cannot Comprehend Good: When Gekko invokes a Not So Different speech to Darien in an earlier draft of the script, she responds that he's incapable of understanding that money can't buy everything, especially love. Gekko thinks that she's leaving him to become on her own, but doesn't realize that she's actually leaving him for Bud.
  • Evil and Cynical Mentor: Gordon Gekko to Bud Fox. In this case it's the student who pushes for the mentor's advice. As soon as Bud Fox makes himself useful to Gekko's financial schemes, Gekko takes him under his wing and gives him the life he always wanted while teaching him to be driven solely by greed and use illegal means if necessary to ensure his profits.
  • Fatal Flaw: Bud Fox is too wide-eyed about Gekko's schemes, as Gekko is solely driven by greed and wants him to obtain information by any means necessary, even if it's illegal. Bud also wanted to be like Gekko, but doesn't realize the costs of having such a lifestyle until it was too late.
  • Faux Affably Evil: Gekko. He will act like your best friend while plotting your ruin.
  • Good Hair, Evil Hair: Gekko has the slicked-back variety, indicating his status as a Corrupt Corporate Executive.
  • Greed: The premise of the film. Gekko's "greed is good" quote solidifies it.
  • Ham-to-Ham Combat: The confrontation between both Sheens. Martin even said "the size of your WALLET!" was inspired by another ham, George C. Scott, in The Hustler.
  • Hidden Wire: Bud Fox uses a hidden wire during his final confrontation with Gordon Gekko, in a successful attempt to provoke Gekko into confessing his complicity in Fox's insider trading and Gekko's own criminal behavior.
  • Ironic Echo: Early in the movie, Gordon advises against getting emotional about stock. Later in the movie, Bud repeats this back to Gordon.
  • Janitor Impersonation Infiltration: Bud Fox buys shares in a cleaning company to copy confidential documents at Roger's law firm.
  • Lonely at the Top
  • My God, What Have I Done?: When Bud learns that Gekko plans to drive Bluestar Airlines into bankruptcy (and leave his father and the entire Bluestar staff unemployed), he is angered by Gekko's deceit, and racked with the guilt of being an accessory to Bluestar's destruction. Bud chooses his father over his mentor and resolves to disrupt Gekko's plans by concocting a plan to drive up Bluestar's stock before manipulating it back down.
  • Nave Newcomer: At first, Gordon Gekko dismisses Bud Fox as naive about the stock exchange.
  • Names to Run Away from Really Fast: No one with the last name Gekko is likely to be an upstanding guy.
  • New Era Speech: Three words: "Greed is good."
  • Nice Job Fixing It, Villain!: Good luck, Gordon. You unknowingly spilled the beans on your own crimes and sealed your own fate to a long prison sentence, thanks to a Hidden Wire Bud was wearing during your final confrontation with him.
  • No Historical Figures Were Harmed:
    • Gekko was loosely based on Michael Milken, the junk-bond king and Ivan Boesky, a corporate raider.
    • Bud Fox was partially based on Dennis Levine, a merger-and-acquisition specialist at Drexel Burnham Lambert who spent much of his career obtaining insider information.
    • Sir Larry Wildman was based on the Anglo-French billionaire James Goldsmith.
  • The Oner: A great piece of acting by Sheen, as Bud is arrested for the insider trading he did during his time with Gekko, and slowly breaks down as he's handcuffed and led out of the office.
  • Original Position Fallacy: Gordon proudly supports the idea of "survival of the fittest", but only as long as he's the fittest. He's driven into a Villainous Breakdown when Bud beats him at his own game and cheats him out of his control of Bluestar.
  • Perp Walk: Bud, after he's arrested for insider trading.
  • Pop-Star Composer: Stewart Copeland.
  • Present Day Past: The film, released in late 1987, has an opening title saying the movie takes place in 1985. Yet within a minutes a character makes a reference to the Challenger disaster, which happened in early 1986. This was the result of adding the "1985" title after most of the film had been completed, as a way of setting it before a number of insider-trading scandals that had unfolded over the time the film was made.
  • Punctuated Pounding: "I took you in. [hits Bud a 2nd time] A NOBODY! [hits him again] I opened the doors for you! I showed you how the system works! The value of information, how to get it! Fulham Oil, Brant Resources, Geodynamics. And this is how you fucking pay me back, you cockroach! [hits him a 4th time, but the force of the hit knocks Bud into the ground.] I GAVE YOU DARIEN! I GAVE YOU YOUR MANHOOD, I GAVE YOU EVERYTHING!"
  • "The Reason You Suck" Speech:
    • During their final confrontation, Gekko gives Bud a harsh one:
    Gordon Gekko: [smugly] Hiya, Buddy.
    Bud Fox: Gordon.
    Gekko: [still smug] You sandbagged me on Bluestar, huh? [chuckles again] I guess you think you taught the teacher a lesson, that the tail can wag the dog, huh? [sighs while crushing his cigarette with his foot] Well let me clue you in, pal. The ice is melting right underneath your feet. [suddenly punches Bud and grabs him by the collar] Did you think you could've gotten this far this fast with anybody else, huh? You think you'd be out there dicking someone like Darien? No. You'd be cold-calling widows and dentists trying to buy 20 shares of some fucking dog-shit stock. I took you in. [hits Bud a 2nd time] A NOBODY! [hits him again] I opened the doors for you. I showed you how the system works. The value of information, how to get it! Fulham Oil, Brant Resources, Geodynamics. And this is how you fucking pay me back, you cockroach! [knocks Bud into the ground.] I GAVE YOU DARIEN! I GAVE YOU YOUR MANHOOD, I GAVE YOU EVERYTHING! [calms down, then tosses a handkerchief to Bud to clean off the blood on his lip] You could have been one of the great ones, Buddy. I look at you, and I see myself. Why?
    • Larry Wildman gives one to Gordon, only to be rebutted by the latter:
    Gordon Gekko: The rarest pistol in the world, Larry. A .45 Luger. Only six of them were ever manufactured.
    Larry Wildman: [sarcastially] Congratulations. But rarer still is your interest in Anacott Steel.
    Gekko: My interest is the same as yours, Larry. Money. I thought it'd be a good investment for my kid.
    Wildman: No. This time, I'm in for the long term; it's not a liquidation. I'm going to turn it around. You're getting a free ride on my tail, mate. And with the dollars you're costing me to buy back the stock, I could modernize the plant. I'm not the only one who pays here, Gordon. We're talking about lives and jobs, three and four generations of steelworkers.
    Gekko: Correct me if I'm wrong, but when you acquired CNX Electronics you laid off, what, 6000 workers? Jemson Fruit, 4000? That airline you bought, um-
    Wildman: I could break you, mate, in two pieces over my knees. You know it, I know it. I could buy you six times over. I could dump the stock just to burn your arse! But I happen to want the company, and I want your block of shares. I'm announcing a tender offer at 65 tomorrow. I'm expecting your commitment.
    Gekko: [sighs] Showdowns bore me, Larry. Nobody wins. You can have the company. In fact, it's going to be fun watching you and your giant ego try to make a horse race of it. Buddy, what's a fair price for that stock?
    Bud Fox: The breakup value is higher. It's worth 80.
    Gekko: Well, We don't want to be greedy. So, what do you say to 72?
    Wildman: You're a two-bit pirate and greenmailer, nothing more, Gekko. [chuckles] Not only would you sell your mother to make a deal, you'd send her C.O.D.
    Gekko: My mail is the same color as yours is, pal, or at least it was until the Queen started to call you "Sir." Now, you'll excuse me before I lose my temper.
    Wildman: Seventy-one?
    Gekko: Well, now, considering you brought my mother into it, 71.50.
  • Satellite Love Interest: Darien Taylor.
  • Screw the Money, I Have Rules!:
    Bud Fox: 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!
  • Smug Snake: Subverted. Gordon Gekko is clearly in love with himself, but also remembers to Pet the Dog on occasion.
  • Status Cell Phone: Gordon has an extravagant, top-of-the-the-line, and brick-sized cell phone.
  • Suddenly SHOUTING!/Precision F-Strike: Near the climax, Gekko dumps his remaining interest in Bluestar, only to learn on the evening news that the shares have been picked up at a lower price by Sir Lawrence Wildman, who will become the airline's new majority shareholder. Gekko's reaction changes from confusion to extreme rage as he smashes a paperweight in anger when he realizes that this was concocted by Bud Fox. Cue Villainous Breakdown below.
    Gordon Gekko: [enraged, he smashes a paperweight] Son of a bitch!
  • The Social Darwinist: Gordon Gekko's philosophy is Social Darwinism of the economic kind. Several of his quotes are "It's a Zero Sum game, somebody wins, somebody loses" or "In my book you either do it right or you get eliminated". His entire "Greed is good" speech is of The Social Darwinist nature. However, he only applies this trope to companies: weak people don't die, they just don't succeed in business, which is a fairly basic tenet of capitalism. Of course, he's more than willing to under-handed ways to win if he can't succeed on pure talent (although, given his character, he'd probably just attribute that to his intellectual superiority).
  • The Sociopath: Gekko is a clear example, as he not only serves as an Evil Mentor to Bud Fox, but also uses him into obtaining information via illegal means. Beneath that facade, he is actually driven by self-interest and greed, has no qualms about using Bud as a means to ensure his profits and shows no remorse when he intentionally plans to drive Bluestar Airlines (the place where Bud's father works at) into bankruptcy.
  • Very Loosely Based on a True Story: Gordon is inspired by several corporate raiders during the 1980s, and in fact the famous speech was based on one given by Ivan Boesky who like Gordon, got arrested for his financial activities.
  • Victory Is Boring: After winning the takeover battle, Gordon complains about how difficult it has been to turn around Teldar even after he's fired most of the management. For that reason, he initially rebuffs Bud's suggestion at buying BlueStar.
  • Villain with Good Publicity: Gekko presents himself to the world as a successful businessman and investor, but is actually a Corrupt Corporate Executive solely driven by Greed.
  • Villainous Breakdown: Near the climax, Gekko dumps his remaining interest in Bluestar, only to learn on the evening news that the shares have been picked up at a lower price by Sir Lawrence Wildman, who will become the airline's new majority shareholder. Realizing that Bud engineered the entire scheme, he physically assaults his former protege, berating his ingratitude for several of their illegal business transactions (including Bluestar). Cue "The Reason You Suck" Speech trope above.
  • White Collar Crime: Much of the film revolves around Bud trying to be like Gekko, who's actually a Corrupt Corporate Executive and commits insider trading to make a quick buck. Although insider trading is not illegal per se and rules regarding it can vary significantly by jurisdiction, it only becomes illegal if done for the sake of personal gain. Trading conducted by corporate officers, directors, or significant shareholders must be reported to the regulators, usually within a few business days of the trade. Insiders in the US are required to file a Form 4 with the Securities and Exchange Commission if they decide to make a trade. Form 3 is used instead if it's an a preliminary insider transaction by an insider, while Form 5 is used to disclose any insider transactions made throughout a company's fiscal year, as well as transactions previously not mentioned on a Form 4 submission.