|The Jolly Contrarian’s Glossary |
The snippy guide to financial services lingo.™
Apocryphal target of a hostile takeover by apocryphal corporate raider Gordon Gekko in Oliver Stone’s 1987 movie Wall Street.
This launched a thousand aspiring political careers from well-meaning teenaged lefties who are now executives at bulge bracket investment banks.
Oliver Stone got it nearly right. But there is a better word for greed that “good”: “inevitable”. Greed is inevitable. If you haven’t configured your operation to assume that users will be coming from a perspective of personal enrichment, it’s gonna break.