| |
| Gordon Gekko | |
|---|---|
| Gender: | Male |
| Died | None |
| Status: | Alive |
| Portrayed by: | Michael Douglas |
| Astrological Sign | cancer |
Gordon Gekko (born May 6), was a corporate raider and client of the Jackson Steinem & Co. stock brokerage firm. He was also a successful businessman, having founded Gekko & Co., an investment corporation.
Top of the Game[]
In 1985, Bud Fox, a junior stockbroker at Jackson Steinem & Co., is desperate to get to the top. He wants to become involved with his hero, the corporate raider Gordon Gekko and attempts 50 something times to gain access to him. Bud visits Gekko on his birthday and, granted a brief interview, pitches him stocks, but Gekko is unimpressed. Realizing that Gekko may not do business with him he tells him of an upcoming legal victory for Bluestar airlines that is expected to make their stock prices soar. Bud reveals that he obtained the information from his father, a union chief at the airline. Bud and Gekko both know that this is illegal insider trading. Gekko acts disinterested and dismisses a disheartened Bud, who returns to his firm. Later he receives a call from Gekko to buy stock in Bluestar, which performs as expected after the news of their legal victory.
Impressed that Bud was willing to break trade law to get his business Gekko gives Bud some capital to manage. The shares Bud selects—by honest research—lose money. Gekko takes Bud under his wing and compels him to unearth new information by any means necessary, including unethical and illegal means. One of his first assignments is to spy on British corporate raider Sir Lawrence Wildman (Terence Stamp) and discern the Brit's next move. Through Bud's spying, Gekko learns that Wildman wants to buy Anacott Steel. Before Wildman could complete the move however Gekko buys up a huge stake in the company and then, using various illegal market manipulation tactics, significantly drives up the price of Anacott. Gekko then offers to sell his large stake in the company to Wildman for much more than he purchased it for. The transaction makes him millions, a windfall he shares with Bud.
Bud becomes wealthy, enjoying Gekko's promised perks, including a penthouse on Manhattan's Upper East Side and a trophy blonde, interior decorator Darien. Still employed by Jackson Steinem, Bud is promoted as a result of the large commission fees he is bringing in from Gekko's trading, and is given a corner office with a view. He continues to maximize insider information and uses friends as straw buyers to buy positions in the companies he gleans illegal information on.
Bud pitches a new idea to Gekko, to buy Bluestar Airlines and expand the company, with Bud as president, using savings achieved by union concessions. Bud persuades his father, Carl, who dislikes Gekko, to get union support for the plan and push for the deal. Gekko successfully purchases a majority stake in the airline. Things change when Bud learns that Gekko, in fact, plans to sell off Bluestar's assets, and cash out the $75 million pension fund, leaving Carl and the entire Bluestar staff unemployed and without a retirement pension to fall back on. Although this would leave Bud very rich, he is angered by Gekko's deceit, and racked with the guilt of being an accessory to Bluestar's destruction. Bud chooses his father over his mentor and resolves to disrupt Gekko's plans. He angrily breaks up with Darien, who refuses to plot against Gekko, her former lover and the builder of her career.
Bud creates a plan to manipulate Bluestar's stock value downwards. Gekko, realizing that his stock, and investment, is plummeting, finally dumps his remaining interest in the company, only to learn on the evening news that the shares have been picked up at a lower price by Sir Lawrence Wildman, who will become the airline's new majority shareholder. Gekko realizes that Bud engineered the entire scheme. Bud triumphantly goes back to work at Jackson Steinem & Co. the following day, where he is confronted by the police and the Securities and Exchange Commission. He is then placed under arrest for securities fraud and insider trading.
Sometime later, Bud confronts Gekko in Central Park. Gekko berates him for his role with Bluestar. He then assaults Bud, berating his ingratitude for several of their illegal business transactions. Following the confrontation, it is revealed that Bud was wearing a wire to record his encounter with Gekko. He turns the wire tapes over to the federal authorities, who suggest that his sentence will be lightened in exchange for his help. Later on, Bud's parents drive him to the courthouse, and Carl tells him he did right in saving the airline, but he'll most likely go to jail. After arriving, Bud going up the steps of the Supreme Court to face his crimes.
Gekko in Magazines[]
Gordon Gekko's Photo took in 1983. Gekko's Magazine was Published in December 14, 1984 (12/14/1984). In May 10, 2005, Gekko is with the Cell Phone in his Magazine. In 2008, Gekko Couldn't Kill Himself. He Survived By Himself in His Home Close to Beach In New York City.
Gordon Gekko in 1983
Gordon Gekko's Suicide Magazine in October 2008
Michael Douglas as Gordon Gekko in 2005. Wall Street 2005: Is Greed Still Good?
Gekko the Great The King of Wall Street in 1984
Biography[]
Gordon Gekko in May 6, 1985 & February 1, 1993
Prison[]
On February 1, 1993, Gordon Gekko was arrested for insider trading and securities and took him to Otis Federal Prison Fraud where he starts his lengthy prison term.
Redemption[]
Gordon is released from prison.
Gordon Gekko is released from prison in October 2001, after an almost eight-year prison sentence for insider trading and securities fraud. Because of his conviction, he has found himself at the bottom of the financial ladder, with his company and fortune gone.
Seven years later, Jacob "Jake" Moore is awakened in his apartment by his girlfriend, Winnie. Jake turns on the television, and starts to watch an interview with Gekko. Gekko has become an author and a lecturer, and is now promoting his new book, Is Greed Good?. Winnie gets upset and turns the television off. Winnie is Gekko’s estranged daughter and wants nothing to do with him. Jake drives Winnie to the airport on his motorbike, and she goes off to gather investors for her online political blog.
Jake goes to work at Keller Zabel Investmens, one of Wall Street's major investment banks. He tries to raise more money for a fusion research project, which will be a viable source of alternative energy down the line, but the rest of the board does not agree with him. Jake is one of the firm’s top proprietary traders and the protégé of its managing director, Louis Zabel. Zabel has become disillusioned with the industry and does not understand how he can be told a loss is a profit. He gives Jake a 1.45 million dollar bonus and tells him to spend it and keep the economy going. Zabel also encourages Jake to marry Winnie and have a kid since he knows that growing old is not for the weak and that Jake needs her.
Jake buys Winnie a ring and later goes out for drinks with his broker friend. Jake says that Winnie is not big on marriage, given the outcome of her parents' marriage, but Jake knows that she loves him and he loves her. His broker friend mentions there are rumors that Keller Zabel is in danger, with billions of sub-prime toxic debt off its balance sheets that is going to bring the company down. Jake brushes it off, saying "I'll make you a bet right now. I've got a million dollars left in my bonus, it's yours tomorrow a.m. You put it in KZI shares, you leverage that to the max. That's how much I believe in this company."
In the next scene, Jake is shown sitting at his trading desk, watching KZI stock crashing more than thirty percent in one day. Zabel meets with the heads of major financial institutions and the Secretary of the US Treasury at the Federal Reserve Bank of New York. Zabel tries to arrange a bank bailout for KZI, but he is blocked by Bretton James, the CEO of a fictional firm, Churchill Schwartz, that Zabel had refused to bail out eight years prior when they were going under. James insults Zabel by offering to buy Keller Zabel stock at 2 dollars a share (against its 79 dollar trading value from three weeks prior). Zabel gives in, and they settle for 3 dollars a share.
The next morning Zabel wakes up, goes down to the subway, and, as a train pulls in, he jumps on the tracks, killing himself. Jake hears the news of Lou Zabel's suicide on the television. He begins to slowly cry just as Winnie walks in. Jake asks Winnie to marry him, and she accepts. Jake attends a lecture given by Gordon Gekko and hears what Gekko has to say about the upcoming financial crisis. In Gekko's new book he reveals that in his opinion the unrestrained speculation will cause a financial cataclysm, even though everybody is euphoric about the current financial bubble. After the lecture ends, Jake approaches Gekko and tells him that he’s about to marry Winnie. They ride the train together, and Gekko explains that his daughter won’t speak to him because of her brother Rudy’s suicide. Jake sees that Gekko has a photo of Winnie as a toddler and asks if he can have it. Gekko tells him that he will trade Jake for a more recent photograph of Winnie. Gekko gives him the photo and his card so that Jake will find him later on. He also tells Jake that Keller Zabel was in trouble the minute someone started rumors about them and that Jake should look for whoever profited from Keller Zabel’s collapse. From now on, Gekko and Jake agree to make a "trade", so that Jake would enable Gekko to communicate with his estranged daughter, and, in return, Gekko would help Jake collect secret information to destroy Bretton, who ruined KZI.
With the help of Gekko, who is very resourceful, Jake does some digging and realizes that Bretton James profited from the Keller Zabel collapse. In order to get his attention, Jake spreads rumors about the nationalization of an African oil rig that Bretton’s company owns. The company loses 120 million dollars, and Bretton asks for a meeting with Jake. At the meeting, he tells Jake that he is impressed and offers Jake a job, making it clear that if Jake doesn’t accept he will have a lot of trouble being hired anywhere else. Determined to take Bretton out and avenge Zabel, Jake accepts.
Jake visits Gekko again and gives him the photo of Winnie that he promised. Gekko tells Jake that his research pointed out that the Locust Fund, a private offshore hedge fund, was betting against Keller Zabel. Jake explains that he was offered a job by Bretton James, and Gekko tells Jake that he suspects it was James’ testimony which got him sent away for eight years. Jake is confused, having assumed that it was Bud Fox who put Gekko away. Gekko explains that Bud Fox got him on insider trading but that was nothing compared to some of Gekko's other activities. He and Bretton had a falling out, and, though he doesn't know for sure, he suspects that Bretton was behind it. Gekko asks for another trade: he wants to have a face to face with his daughter. Jake pretends that he called Gekko to have dinner and ask his approval to marry his daughter, so he and Winnie go to have dinner with him. Winnie realizes that Gekko hasn't changed and leaves upset. Jake pursues her and she tells him that if he goes back, Gekko will destroy them.
At work, Jake is put on the sideline so that Bretton's point woman can take over a pitch to the Chinese. They are unimpressed with her pitch, stating that they are looking for the next big thing in energy. Jake swoops in and presents them with the fusion research he has been supporting. Bretton is impressed by Jake's initiative and is glad that the firm has made more money. However, the firm is in trouble but Bretton doesn't want anyone to know. The economy is slowly starting to crumble. Bretton hosts a fundraiser and invites Jake and Winnie. Gekko asks Jake to front him 10 thousand dollars so that Gekko can also attend and have another chance to reconcile with Winnie. During the party, Bretton tells Jake that the Chinese are going to invest $150 million in the fusion research Jake has been supporting. Jake calls the head researcher and tells him that the money is on its way. The day the economy collapses, Jake is at his apartment and tells Winnie that the world as they know it is over. Winnie tells him that is unacceptable because she is pregnant.
The economy is in the tank. Numerous companies are failing. During a motorcycle ride (fueled by Jake's comments about his superior riding ability compared to Bretton's during their first meeting), Bretton tells Jake that the money the Chinese invested is going into fossil fuels instead of fusion research. Jake gets angry knowing that Bretton is trying to sink the fusion research since it is not financially profitable for him, even though it would benefit the entire world. Bretton would be unable to control the potentially unlimited source of energy once the fusion technology becomes established, unlike with the oil industry where the resources are scarce. Jake tells Gekko about what happened, and Gekko reveals that there is a solution: Winnie has an account in Switzerland with 100 million dollars, which Gekko set up in the 1980s when she was born. He told her that once he was out of jail, he would need that money to reassert himself, but Winnie reneged when Rudy died. Jake could use that money to fund the research and save the company. But since Winnie never declared it, she could go to jail for tax evasion. Gekko tells Jake that he can embezzle it with his old contacts. Jake believes him and goes to talk to Winnie. At Winnie's office, Jake asks why she never mentioned the money. Winnie is shocked that he knows, but Jake gets enthusiastic about the fusion research and tells her that this is her chance to make a difference. She agrees and the two fly to Switzerland. She signs the money over to Jake. Jake then entrusts the money to Gekko so that he can legitimize the funds for the investment in the fusion research company.
A few hours after returning to New York, Jake gets a call saying that the money never arrived. He goes to Gekko's apartment and finds it empty; Gekko's gone. Jake tells Winnie what happened and that he's been talking to Gekko for a while. She tells Jake to leave: she no longer trusts him or feels safe around him. He leaves bitterly and tracks Gekko to London. It turns out that Gordon is running a successful hedge capitalized by his $100 million, and has regained most, if not all, of his wealth. Jake propositions him for one last trade: Winnie gets her 100 million back and Gekko gets a grandson. Jake shows him the ultrasound of his son but Gekko, despite being moved, cannot let go of being someone of importance. He tells him that it's not about money; it's about the game. Gekko says that giving the money away is a "trade he cannot make." Jake leaves.
Over the next few weeks, by using the previous information collected by Gekko about Bretton, Jake begins piecing together everything from Keller Zabel’s collapse to the economic bailouts being issued for Bretton’s company. He gives the information to Winnie, telling her that it will put her website on the map for good as a legitimate source of information and that he misses her like crazy. Winnie runs the story, and Bretton James is exposed. The board of directors kicks him out of the company, and Bretton is forced to testify to his crimes. Bretton's board of directors go to Gekko in order to start business with him, in view of the new credibility Gekko gained through his London firm's astounding success: by correctly predicting the coming financial collapse, Gekko traded the market in such a way that he has turned the $100 millions into an incredible sum in excess of $1 billion.
Jake sees Winnie walking to her apartment and helps her carry her things. Their son has been kicking and keeping her up at night. Jake feels his son's kicks and Winnie thanks him for the help but they do not reconcile. Gordon appears and tells them that he deposited the $100 million into Fusion's account anonymously. Now that Gekko has attained his goal of becoming a billionaire, he feels that giving back that relatively small amount from his empire would be an act of charity. He apologizes and asks to become a grandfather. Jake kisses Winnie and they reconcile before the birth, and, one year later, they celebrate their son's first birthday with a party, where Gordon is also attending, now having finally being accepted as a grandfather and parent.
Appearances/Actors[]
- (2 films)
- Wall Street (First appearance) - Michael Douglas
- Wall Street: Money Never Sleeps - Michael Douglas