Greed Is Good

Greed Is Good

Famous speech on ‘Greed’ taken from the classic film “Wall Street”.
Gekko gives a speech at a shareholders’ meeting of Teldar Paper, a company he is planning to take over. This is the famous “greed is good” speech as Gekko defends his planned takeover, pointing to the bloated and wasteful ways of post-War corporate America, using Teldar’s management as Exhibit A, and claiming himself the company’s saviour – a “liberator” of value (see sidebar and video clip below). Parts of this fictional speech are reported to have come from actual speeches that real-world Wall Streeters had given — namely by corporate raider Carl Icahn and financial wheeler-dealer Ivan Boesky. Ichan had railed against corporate management who owned little of their own companies, had too many high-level executives, and were otherwise inefficient. And Ivan Boesky is credited with inspiring the “greed is good” line, paraphrased from a May 18, 1986 commencement address he gave at the University of California, Berkeley, School of Business Administration. Boesky said then: “Greed is all right, by the way. I want you to know that. I think greed is healthy. You can be greedy and still feel good about yourself.”

Added on: February 17th, 2012


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