Gordon Gekko "Greed is Good" Full Speech *read the description*
-
0:01 - 0:03(Gordon Gekko)
Well, I appreciate the opportunity -
0:03 - 0:07you're giving me, Mr.Cromwell,
as the single largest shareholder -
0:07 - 0:09in Teldar Paper to speak.
-
0:09 - 0:11[laughs]
Well, ladies and gentlemen, -
0:11 - 0:17we're not here to indulge in fantasy,
but in political and economic reality. -
0:18 - 0:25America, America has become
a second-rate power. -
0:25 - 0:31Its trade deficit and its fiscal
deficit are at nightmare proportions. -
0:31 - 0:36Now in the days of the free market, when
our country was a top industrial power, -
0:36 - 0:40there was accountability
to the stockholder. -
0:40 - 0:43The Carnegies, the Mellons,
the men that built this great -
0:43 - 0:49industrial empire made sure of it
because it was their money at stake. -
0:49 - 0:53Today, management has no
stake in the company. -
0:53 - 0:59All together these men sitting up
here own less than 3% of the company. -
0:59 - 1:03And where did Mr.
Cromwell put his million dollar sallary? -
1:03 - 1:07Not in Teldar-Scott, he owns less than 1%.
-
1:07 - 1:12You own the company, that's right,
you the stockholders and you are all being -
1:12 - 1:17royally screwed over by these bureaucrats,
with their state lunches, -
1:17 - 1:22their hunting and fishing trips, their
corporate jets and golden parachutes. -
1:22 - 1:23(Mr. Cromwell)
This is an outrage, -
1:23 - 1:24you're out of line, Gekko.
-
1:24 - 1:27(Gordon Gekko)
Teldar Paper, Mr. Cromwell. -
1:27 - 1:31Teldar Paper has 33
different vice presidents, -
1:31 - 1:35each earning over $200,000 a year.
-
1:35 - 1:42Now, I have spent the last two months
analyzing what all these guys do, -
1:42 - 1:44and I still can't figure it out.
-
1:44 - 1:47[Laughs]
One thing I do know -
1:47 - 1:51is that our paper company lost
a $110 million last year. -
1:51 - 1:55And I'll bet that half of that was spent
in all the paperwork going back and -
1:55 - 1:57forth between all these vice presidents.
-
1:57 - 2:01[Laughs]
The new law -
2:01 - 2:07of evolution in corporate America
seems to be survival of the unfittest. -
2:07 - 2:12Well in my book you either do it right,
or you get eliminated. -
2:12 - 2:18In the last seven deals that I've
been involved with, there were 2.5 -
2:18 - 2:25million stockholders who have made
a pre-tax profit of $12 billion. -
2:25 - 2:26[APPLAUSE]
Thank you. -
2:26 - 2:32[APPLAUSE]
I am not a destroyer of companies. -
2:32 - 2:34I am a liberator of them.
-
2:37 - 2:42The point is, ladies and
gentlemen, that greed, -
2:42 - 2:45for lack of a better word, is good.
-
2:45 - 2:47Greed is right.
-
2:47 - 2:49Greed works.
-
2:49 - 2:53Greed clarifies, cuts through, and
-
2:53 - 2:57captures the essence of
evolutionary spirit. -
2:57 - 3:02Greed, in all of its forms,
greed for life, for money, -
3:02 - 3:07for love, knowledge,
has marked the upward surge of mankind. -
3:07 - 3:14And greed, you mark my words,
will not only save Teldar Paper but -
3:14 - 3:17that other malfunctioning
corporation called the USA. -
3:17 - 3:19Thank you very much.
-
3:19 - 3:27[APPLAUSE]
-
3:27 - 3:33[Fly me to the moon
by Frank Sinatra playing]
- Title:
- Gordon Gekko "Greed is Good" Full Speech *read the description*
- Description:
-
Gordon Gekko *unknowningly* describes the problems facing today's private sector, while blasting the bureaucracy responsible for said problems in the first place. A classic speech, both in film and, also, within economic thought.
This is for people who think Saipan is a free-market.
http://www.saipansucks.com/about.htm
Here's another link on the subject.
http://en.wikipedia.org/wiki/Saipan#Economy
I recently published a VERY short and simple book on economic theory. Click here and give it a chance.
http://www.lulu.com/spotlight/thelittlebookofeconomicmythsandfallacies
- Video Language:
- English
- Duration:
- 04:03
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