Masters of the Universe are rejoicing now that 20th Century Fox has announced the return of Gordon Gekko, the fictional corporate raider of the 1987 movie Wall Street.
This time around though, Gekko will be taking his "Greed is Good" mentality to the hedge funds.
If you grew up dreaming of being more than a $400k a year (that's over $700k now if you factor in inflation), working Wall Street stiff, flying first-class, and being comfortable, chances are Gekko was a driving influence.
Even now, after 20 years, the character is the symbol of financial success. I wonder how many quotes from Gekko and Wall Street are on everyone's MyWallSt accounts.
I just hope this isn't just a way to cash in on one of the greatest movie icons of all time. I'm really interested in seeing how an updated Gekko would look like in today's financial world.
"The richest one percent of this country owns half our country's wealth, five trillion dollars. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons and what I do, stock and real estate speculation. It's [expletive deleted]. You got ninety percent of the American public out there with little or no net worth. I create nothing. I own."
--Gordon Gekko
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