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THE Australian stock market suffered a 25 per cent drop in one day in 1987. It's worth remembering that 1987 was also the year the movie Wall Street premiered in New York and GordonGekko entered our lexicon when he sought to sum up the philosophy, for lack of a better word, of a generation of financiers with that chilling declaration, "Greed is good".The greed-is-good era brought the...
Stephen Matchett; 1/10/08 Everybody’s ok? No, I don’t know exactly what hit us either but it has left an enormous warehouse where Wall Street was, which the US Government wants to fill with money, truckloads of money, a trillion truckloads. After following the crisis closely I reckon I have as good an idea of what happened [...]
... corporate culture that values profitability and productivity achieved through hard work, (not) the GordonGekko ethic of the quick buck, based on little more than a single financial transaction". He wants to temper the profit motive with a "responsibility to the community where those profits are made". Most of all, he wants to rid us of "the virus ... of short-termism that also threatens...
Great wealth leads to great art. Where is the Dickens for our times'The lives of the rich and powerful have always fascinatedwriters. Yet no one has yet effectively chronicled theexcesses of the 21st century, writes William Skidelsky , Sunday October 5 2008 Michael Douglas as trader GordonGekko in Wall Street. Photograph: Ronald Grant ArchiveFinancial excess is an old theme of literature....
... achieve optimum outcomes."Today, we are still cleaning up the mess of the 21st century children of GordonGekko."Beneath the financial jargon and dramatic stock downturns the crisis had reflected a fundamental failure of values, Mr Rudd said."We've seen the triumph of greed over integrity, the triumph of speculation over value creation, the triumph of the short-term over long-term...
... motives. If you like capitalism, you should accept, perhaps even champion, greed. As the character GordonGekko famously intones: "Greed, for lack of a better word, is good." But corruption is something different than greed. It presumes an existing standard or norm or law or regulatory framework against which some deviant behavior is judged. In the current crisis, it is precisely...
... able to offer a better explanation, financial news reporters turn to the actor who once played GordonGekko in some movie about Wall Street We could be facin' anudder Great Depression, dontcha know? London's Olympic Park toilets to turn away from MeccaClay Aiken announces, to the surprise of no one, that he is gay. O.C. judge appeals removal from bench Ben Stein explains the latest...
