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Wes Wrenn
                                                                      WallStreet Paper
                         ...
2. Identity and discuss the strengths and weaknesses of his style.

           In the fast paced life of the New York stoc...
3. What factors/issues led to Bud Fox getting in trouble? Did he redeem himself

   in any way?

   Bud Fox, like many you...
everything and Merry Christmas. Take care of that shoulder so you can get back on the

course.
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Wall Street Paper

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An A+ paper I wrote on the movie WallStreet

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Wall Street Paper

  1. 1. Wes Wrenn WallStreet Paper Col. Carter December 10, 2008 1. Identify and describe the predominant leadership style of Gordon Gekko. Gordon Gekko was without a doubt a charismatic, machiavellian, and autocratic style leader. He was charismatic because he was a lot like Hitler in that he was a ruthless man that would do anything to get what he wanted. He took no prisoners and he spared no one. He was willing to destroy thousands of lives if it meant that his would improve financially. Hitler did the same thing with the Jews. Gekko was also an autocratic leader because he loved to give orders and demands to anyone and everyone. He was very dogmatic about everything he did and if anyone tried to get in his way he would use his plethora of wealth to demolish them. Of all his characteristics, machiavellianism was his strongest one. Chapter eight says that Machiavellian people are “people in the workplace that ruthlessly manipulate others and regularly practice deception, bluff, and other manipulative tasks. He was an expert at this. Everyday he was on the phone with people from all over the world, telling them what they wanted to hear, coaxing them into buying certain stocks that would benefit him. He was a mastermind when it came to taking control over other people and using them to enhance his own life. He took advantage of Bud Fox and then when Bud got in trouble he left him out to dry. Gordon Gekko was an excellent at what he did and unfortunately, that expertise costs a lot of people their entire financial security.
  2. 2. 2. Identity and discuss the strengths and weaknesses of his style. In the fast paced life of the New York stock exchange there’s a kill or be killed/ survival of the fittest way of life. People that are willing to do anything and take the most risks are the ones that are going to be the most successful. Gordon Gekko was a wolf among lambs in his time; he feared nothing. He was willing to do whatever it took to get himself more money. This is why he was so successful. Many people are not willing to destroy a company, lie directly to someone’s face, or wipe out thousands of jobs. Gordon didn’t think twice before doing these types of things and that is why he was alone at the top. If you’re not willing to do whatever it takes then you will be passed by those who are. On the other side of this equation, there are some negative issues that come along with being a bloodthirsty villain in New York City. Gordon, and people like Gordon will always have more enemies than friends. There will always be people out there trying to knock him off the top or wreck his empire. You can’t go about your daily life treating people poorly and destroying lives and businesses without establishing a sufficient amount of enemies. This causes a fear of the unknown, a fear of the inevitable fact that we do live in a finite world and all things do come to an end. With a person like Gekko, that end will most likely come sooner than later because there will be thousands of people trying to bring him down. Bud Fox tried to do this to Gekko when he convinced him to drop BlueStar and sold it to the other big wig. Unfortunately for Bud, he got caught and spent some time in jail.
  3. 3. 3. What factors/issues led to Bud Fox getting in trouble? Did he redeem himself in any way? Bud Fox, like many young upcoming stock brokers in his time idolized Gekko, they wanted to be just like him. Bud started to become just like him when Gekko took him in and became his mentor. Bud started doing things “dirty” so to speak, taking the short cuts and getting rich the wrong way. He had is coming to him from the very beginning. His dad saw it and so did Lou, his boss. When Lou said to him, “I don’t know where you’re getting these tips Bud but I don’t like it. You better be careful son because money will make you do things you don’t want to do.” He hit the nail on the head. He knew exactly what Bud was doing. He fell in love with the fast track lifestyle, with the girl, the new house, the fancy suits and business meetings. The only thing that could slow Bud down would be the very thing that stopped him in the end; the law. He ignored good advice numerous times and listened to the devil himself, Gekko. Those decisions are what cost him his career. I would say that as far as BlueStar goes, he did redeem himself. He made a promise to his father that he couldn’t keep because the only one that could honor that promise was Gekko, and everyone knows he’s in it just for the money. As soon as he found out Gekko’s plans he went and found the other rich man and had him buy BlueStar, this saved the company from being another one of Gekko’s chopped up meat that he squeezed a few million out of. Bud learned his lesson, and he learned it the hard way. I would have to say that the best kind of leader is the value based, servant leader. They always seem to live a clean, satisfying career and never risk losing everything. This was definitely my favorite movie and I’ve really enjoyed your class. Thanks for
  4. 4. everything and Merry Christmas. Take care of that shoulder so you can get back on the course.

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