Describe this aspect in the movie
(what happens, with whom, and why is it entrepreneurship/entrepreneurial)
In New York City in the year 1985, a young ambitious stockbroker that goes by the name Bud Fox worked at a local Wall Street trade and stock firm, Jackson Steinem &Co. Bud Fox is desperate and willing to do anything to achieve wealth and status just like his idol, Gordon Gekko who is known as a ruthless and successful corporate raider who destroys and plunders businesses in the name of greed and his own personal gain in mind. While Bud Fox gives a brief pitch of stocks for potential investments, Gordon Gekko seems unimpressed and as a result, Bud Fox starts to explain to Gekko that Bluestar Airlines stock prices are potentially going to soar due to a legal victory that involved Bluestar Airlines. Gordon Gekko makes a deal with Bud Fox to take him under his wing and make him rich if he gets insider information on potential companies Gordon Gekko has an interest. Bud Fox starts to gain information from any type of source and use that information to take to Gordon Gekko and gain compensation. However, Bud Fox finds out that Gordon Gekko has made plans to target Bluestar Airlines by corrupting, destroying, and plundering Bluestar Airlines employees’ retirement funds and that is including Bud Fox’s father who has worked there for twenty-four years. In return, Bud Fox engineers a plan to bring Bluestar Airlines’ value plummet, making Gordon Gekko leave his remaining interest in Bluestar only to learn that Sir Lawrence Wildman will be the new shareholder of Bluestar Airlines. After returning to Jackson Steinem & Co., police officers visited Bud Fox at his place of employment and were placed under arrest for insider trading and securities fraud. Toward the end of the movie, Bud Fox meets with and confronts Gordon Gekko in Central Park in New York City. Gordon Gekko rebuked Bud Fox’s betrayal reveals Gordon’s involvement, and assaults Bud Fox all while Bud was wearing a wiring. Bud Fox plans to use this tape to gain back his freedom and seek revenge on Gordon Gekko.
Discuss why is Wall Street (1987) interesting.
I find the morals of Gordon Gekko to be the most interesting part of the whole movie because it shows the actuality of the morality and ethics that are found in Wall Street today. In the movie, Gordon Gekko states that “greed is good” during his court hearing scene in the movie for committing insider trade and securities fraud and so forth. The movie, Wall Street, portrays a human and realistic reflection of the evil that comes from the greed of money and not upholding ethical and moral decisions while hurting individuals in the process while working on Wall Street. Oliver Stone shed an unflattering light on the luxury life and all the negative things that one would have to do to accumulate wealth.
How does this aspect of entrepreneurship affect society?
The entrepreneurial aspect of the movie, Wall Street, was seeing the internal turmoil in the young and ambitious Bud Fox who struggles with choosing between the values of working hard and gaining success through the value creation of his own work or gaining success by robbing others of their hard work and success by inflicting creative destruction on firms and corporate raiding. The entrepreneurial aspect of choosing between the ethical or nonethical way of gaining success can affect society in a positive or negative way, all depends on how the entrepreneurs go about paving their own way to success through the ethical and hard route or the unethical and easy route. If the entrepreneur is ethical, customers and other individuals involved with the ethical entrepreneur and company will have a positive experience and one could trust that the ethical entrepreneur would produce products and services while keeping employees and customers safe. The unethical entrepreneur could affect society in a negative light by producing hazardous products and keeping working conditions uncomfortable or unsafe manner with an entrepreneur that is unethical. Customers and employees will not trust that entrepreneur or their business practices if they are viewed as unethical.
How does society affect/stifle/support this aspect of entrepreneurship?
Society affects and stifles the entrepreneurial aspect of choosing between the ethical or nonethical way of gaining success can affect society in a positive or negative way by society doing research on brands and the people who oversee those brands. A company is only successful if the customers and other individuals see value in one’s company. If customers and individuals in the same industry as the unethical entrepreneur, customers will stop valuing and buying a product from a company if their own ethical do not match that customer or other individuals.
What is the interaction between this aspect of entrepreneurship and society like?
In the movie, Wall Street, the interaction between the entrepreneurial aspect of choosing between the ethical or nonethical way of gaining success can affect society in a positive or negative way through the decisions and choices entrepreneurs make. In the movie, Bud Fox idolized Gordon Gekko and took advantage of doing inside trading for Gordon Gekko only to ruin the lives of many along the way and take a valuable company that took someone else blood, sweat, and tears to achieve the amount of value and plummets the company into the ground for their own personal gain until Bud Fox realizes his family and friends are next. That is when Bud Fox gets a change of heart and decides to use his insider trading knowledge to make Bluestar Airlines go down in the stock causing Gordon Gekko to lose interest and save his dad’s and friends’ jobs and retirement funds. between the entrepreneurial aspect choosing between the ethical decision is always the right one.