Plot
A respected financial company is downsizing and one of the victims is the risk management division head, who was working on a major analysis just when he was let go. His protégé completes the study late into the night and then frantically calls his colleagues in about the company's financial disaster he has discovered. What follows is a long night of panicked double checking and double dealing as the senior management prepare to do whatever it takes to mitigate the debacle to come even as the handful of conscientious comrades find themselves dragged along into the unethical abyss.
Keywords: aerospace-engineer, bankruptcy, board-meeting, bridge, brokerage-firm, business-ethics, capital-management, capitalism, capitalist, capitalist-society
Be first. Be smarter. Or cheat.
Sam Rogers: How old are you?::Jared Cohen: 43.::Sam Rogers: Jesus.::Jared Cohen: This is bizarre. It's like a... dream.::Sam Rogers: Oh, I don't know. Seems like we actually may have just woken up.
John Tuld: There are three ways to make a living in this business: be first, be smarter, or cheat.
John Tuld: I don't get any of this stuff.
Will Emerson: Well, that was fucking hideous.::Sam Rogers: It's gonna get worse before it gets better.
Eric Dale: I run risk management... it just doesn't seem like a natural place to start cutting.
Seth Bregman: Will, did you really make two and a half million last year?::Will Emerson: Yeah, sure.::Seth Bregman: How did you spend it all?::Will Emerson: It goes quite quickly. You know, you learn to spend what's in your pocket.::Peter Sullivan: Two and a half million goes quickly?::Will Emerson: All right, let's see. So the taxman takes half up front, so you're left with one and a quarter. My mortgage takes another 300 grand. I send 150 home for my parents, you know, keep 'em going. So what's that?::Peter Sullivan: 800?::Peter Sullivan: All right, 800. Spent 150 on a car. About 75 on restaurants. Probably 50 on clothes. I put 400 away for a rainy day.::Seth Bregman: That's smart.::Will Emerson: Yeah, as it turns out, 'cause it looks like the storm's coming.::Peter Sullivan: You still got 125.::Will Emerson: Yeah, well I did spend 76,520 dollars on hookers, booze and dancers. But mainly hookers.::Peter Sullivan: 76,5?::Will Emerson: I was a little shocked initially, but then I realized I could claim most of the back as entertainment. It's true!
Peter Sullivan: Aren't you tired?::Sam Rogers: A little... but I don't work as hard as you do.::Peter Sullivan: That's not true.::Sam Rogers: No it is.
Will Emerson: I don't get any of this stuff
John Tuld: So you think we might have put a few people out of business today. That its all for naught. You've been doing that everyday for almost forty years Sam. And if this is all for naught then so is everything out there. Its just money; its made up. Pieces of paper with pictures on it so we don't have to kill each other just to get something to eat. It's not wrong. And it's certainly no different today than its ever been. 1637, 1797, 1819, 37, 57, 84, 1901, 07, 29, 1937, 1974, 1987-Jesus, didn't that fuck up me up good-92, 97, 2000 and whatever we want to call this. It's all just the same thing over and over; we can't help ourselves. And you and I can't control it, or stop it, or even slow it. Or even ever-so-slightly alter it. We just react. And we make a lot money if we get it right. And we get left by the side of the side of the road if we get it wrong. And there have always been and there always will be the same percentage of winners and losers. Happy foxes and sad sacks. Fat cats and starving dogs in this world. Yeah, there may be more of us today than there's ever been. But the percentages-they stay exactly the same.
Will Emerson: Jesus, Seth. Listen, if you really wanna do this with your life you have to believe you're necessary and you are. People wanna live like this in their cars and big fuckin' houses they can't even pay for, then you're necessary. The only reason that they all get to continue living like kings is cause we got our fingers on the scales in their favor. I take my hand off and then the whole world gets really fuckin' fair really fuckin' quickly and nobody actually wants that. They say they do but they don't. They want what we have to give them but they also wanna, you know, play innocent and pretend they have no idea where it came from. Well, thats more hypocrisy than I'm willing to swallow, so fuck em. Fuck normal people. You know, the funny thing is, tomorrow if all of this goes tits up they're gonna crucify us for being too reckless but if we're wrong, and everything gets back on track? Well then, the same people are gonna laugh till they piss their pants cause we're gonna all look like the biggest pussies God ever let through the door.
Jared Cohen (born November 24, 1981 in Weston, Connecticut) is the Director of Google Ideas, an Adjunct Senior Fellow at the Council on Foreign Relations, an author, and an artist. Previously he served as a member of the Secretary of State's Policy Planning Staff and a close advisor to both Condoleezza Rice and later Hillary Clinton. Initially brought in by Condoleezza Rice as one of the youngest members in history, he was one of the few people kept on under Hillary Clinton. In this capacity, he focused on counter-terrorism, counter-radicalization, Middle East/South Asia, Youth, and Technology. According to New York Times Magazine, Cohen was one of the principal architects of what became known as "21st century statecraft." Prior to his work at the State Department, Cohen received his BA from Stanford University and his M.Phil in International Relations from Oxford University, where he studied as a Rhodes Scholar. In September 2010, Cohen was named by the Huffington Post as one of the 100 game changers of the year and by Devex as one of the top 40 people under 40. In 2011, Vanity Fair named Cohen to its list of the “Next Establishment” and the Washington Post and Harvard Kennedy School of Government honored him with one of their six “Top American Leader” awards. He is author of the books One Hundred Days of Silence, Children of Jihad, and is co-authoring a book with Google's Executive Chairman Eric Schmidt about how technology is changing international relations, slated to come out in early 2013.
Eric Emerson Schmidt (born April 27, 1955) is an American software engineer, businessman and the current executive chairman of Google. From 2001 to 2011, he served as the chief executive of Google.
Additionally, Schmidt was a former member on the board of directors for Apple Inc. and sat on the boards of trustees for both Carnegie Mellon University and Princeton University.
Along with Mike Lesk, Schmidt co-authored the lex analysis software program for the Unix computer operating system.
Schmidt was born in Washington, D.C., and grew up in Blacksburg, Virginia, United States. After graduating from Yorktown High School, Schmidt attended Princeton University where he earned a B.S. in electrical engineering in 1976. At the University of California, Berkeley, he earned an MS in 1979 for designing and implementing a network linking the campus computer center, the CS and the EECS departments, and a PhD in 1982 in EECS with a dissertation about the problems of managing distributed software development and tools for solving these problems. He was joint author of lex (a lexical analyzer and an important tool for compiler construction). He taught at Stanford Graduate School of Business as a part time professor.
Nicole Miriam Lapin (born March 7, 1984) is an anchor on CNN Live who regularly appeared on CNN Headline News, CNN, and CNN International. In January 2010, Lapin joined CNBC in New York as an anchor for Worldwide Exchange, joining CNBC Europe's Ross Westgate in London and CNBC Asia's Christine Tan in Singapore. She made her debut on that program February 1, 2010. In June 2010, she added the role co-anchoring The Kudlow Report from 7-8pm EST to her CNBC duties. Lapin also serves as a business and finance correspondent for Morning Joe on MSNBC and The Today Show on NBC. In September 2011, Lapin launched her own production company for accessible financial news, called "Nothing But Gold Productions."
Lapin was born and raised in Los Angeles, California, the child of a scientist and a former beauty queen. Her family is Jewish and her mother is a former Miss Israel. Lapin became interested in journalism while watching coverage of the Gulf War on CNN, which her parents barred her from watching due to "the perceived negativity and carnage." Lapin got her first broadcast experience when she was in high school and worked as the news anchor for the Public-access television cable TV station. She studied at Harvard University and Institut d'Études Politiques de Paris and graduated as from the Medill School of Journalism at Northwestern University, as the valedictorian of her class. Even though she took time off to work professionally, she was still the youngest in her class.
Sheryl Kara Sandberg (born August 28, 1969) is an American businesswoman. She has served as the chief operating officer of Facebook since 2008. Prior to Facebook, Sandberg was Vice President of Global Online Sales and Operations at Google. She also was involved in launching Google's philanthropic arm Google.org. Prior to Google, Sandberg served as chief of staff for the United States Department of the Treasury. In 2012, she was named in Time 100, an annual list of the 100 most influential people in the world assembled by Time.
Sandberg was born in 1969 in Washington, D.C., the daughter of Adele and Joel Sandberg and the oldest of three siblings. Her family moved to North Miami Beach, Florida when she was two years old. She attended public school, where she was "always at the top of her class." Sandberg taught aerobics in the 1980s while in high school.
In 1987, Sandberg enrolled at Harvard College and in 1991, graduated with a B.A. in Economics and was awarded the John H. Williams Prize for the top graduating student in economics. While at Harvard, Sandberg met then professor Larry Summers who became her mentor and thesis adviser. Summers recruited her to be his research assistant at the World Bank, where she worked on health projects in India dealing with leprosy, AIDS, and blindness.
Alexander Ross (1881 – 25 June 1952), generally known as Alec Ross and sometimes as Alex or Aleck, was a Scottish golfer. He was a native of Dornoch and learned his golf in his home country, but like many British professional golfers of his era he spent many years working as a club professional in the United States. While employed by the Brae Burn Country Club, near Boston, he won the 1907 U.S. Open at the St. Martin's course at Philadelphia Cricket Club. He competed in the U.S. Open seventeen times in total, and finished in the top ten places five times. His other tournament wins include the North and South Open six times (1902, 1904, 1907, 1908, 1910, 1915), the Massachusetts Open six times (1906, 1907, 1908, 1909, 1910, 1912) and the Swiss Open three times (1923, 1925, 1926).
Ross's brother Donald also moved to the U.S. and was one of the most celebrated of all golf course designers. Alec was the professional at the Detroit Golf Club in Detroit, Michigan for 31 years. He died in Miami, Florida.