Wall Street

(Redirected from Teldar Paper)

Apocryphal target of a hostile takeover by apocryphal corporate raider Gordon Gekko in Oliver Stone’s 1987 movie Wall Street.

The Jolly Contrarian’s Glossary
The snippy guide to financial services lingo.™
Gordon Gecko, yesterday. He’s looking a bit tired in this photo.
Index — Click the ᐅ to expand:

Comments? Questions? Suggestions? Requests? Insults? We’d love to 📧 hear from you.
Sign up for our newsletter.


WILLARD: I loved you in Wall Street.
HARLEY:
Hot Shots, Part Deux

It was during an extraordinary extraordinary general meeting at Teldar Paper shareholders that Gekko sought to persuade investors that:

“…greed, for lack of a better word, is good.”

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 than “good”: “inevitable”.

Greed is inevitable. If you haven’t configured your operation, business, polity, etc., to assume that users will be coming at everything they do, first and foremost, from a perspective of personal enrichment and self-interest, it’s gonna break.

This did not stop the snowflakes of the world forgetting this in the early 2020s.

See also