Posted March 29, 2013 by MotiveHub in Video

Greed is Good by Gordon Gekko

Gordon Gekko "Greed is Good" Full Speech *read the description*
Gordon Gekko "Greed is Good" Full Speech *read the description*

Excerpt from the movie Wall Street (1987).


Well, ladies and gentlemen, we’re not here to indulge in fantasy, but in political and economic reality. America, America has become a second-rate power. Its trade deficit and its fiscal deficit are at nightmare proportions. Now, in the days of the free market, when our country was a top industrial power, there was accountability to the stockholder. The Carnegies, the Mellons, the men that built this great industrial empire, made sure of it because it was their money at stake. Today, management has no stake in the company!

All together, these men sitting up here [Teldar management] own less than 3 percent of the company. And where does Mr. Cromwell put his million-dollar salary? Not in Teldar stock; he owns less than 1 percent. You own the company. That’s right — you, the stockholder. And you are all being royally screwed over by these, these bureaucrats, with their steak lunches, their hunting and fishing trips, their corporate jets and golden parachutes.

Cromwell: This is an outrage! You’re out of line, Gekko!

Teldar Paper, Mr. Cromwell, Teldar Paper has 33 different vice presidents, each earning over 200 thousand dollars a year. Now, I have spent the last two months analyzing what all these guys do, and I still can’t figure it out. One thing I do know is that our paper company lost 110 million dollars last year, and I’ll bet that half of that was spent in all the paperwork going back and forth between all these vice presidents.

The new law of evolution in corporate American seems to be survival of the un-fittest. Well in my book you either do it right or you get eliminated. In the last seven deals that I’ve been involved with there were 2.5 million stockholders who have made a pre-tax profit of 11 million dollars. I am not a destroyer of companies, I am a liberator of them!

The point is ladies and gentlemen that Greed, for lack of a better word, is good. Greed is right, greed works. Greed clarifies, cuts through and captures the essence of the evolutionary spirit. Greed in all of its forms. Greed for life, money, love, knowledge, has marked the upward surge of mankind, and greed – you mark my words – will not only save Teldar Paper, but that other malfunctioning corporation called the U.S.A.

Thank you very much.