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Reflection Paper

1) The document discusses the 2010 film "Wall Street: Money Never Sleeps" which is a sequel to the original "Wall Street" film. It explores themes of greed, corruption, and unethical behavior on Wall Street. 2) It also discusses the 2005 documentary "Enron: The Smartest Guys in the Room" which examines the collapse of the Enron corporation due to accounting fraud and corruption. It asks how such a large company could fail so dramatically. 3) Both films show how those in positions of power in large companies are sometimes willing to engage in risky and illegal behavior for financial gain, at the expense of shareholders, employees and the overall economy.

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0% found this document useful (0 votes)
44 views

Reflection Paper

1) The document discusses the 2010 film "Wall Street: Money Never Sleeps" which is a sequel to the original "Wall Street" film. It explores themes of greed, corruption, and unethical behavior on Wall Street. 2) It also discusses the 2005 documentary "Enron: The Smartest Guys in the Room" which examines the collapse of the Enron corporation due to accounting fraud and corruption. It asks how such a large company could fail so dramatically. 3) Both films show how those in positions of power in large companies are sometimes willing to engage in risky and illegal behavior for financial gain, at the expense of shareholders, employees and the overall economy.

Uploaded by

dhanacruz2009
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Name: Joanna Loi Ashlee V.

Cruz BA 302 - C

Wall Street: Money Never Sleeps (2010)

The movie Money Never Sleeps is the sequel of Wall Street, is a American drama
directed by Oliver Stone in 2010, the film contain a profound economic knowledge, when saying
money never sleeps, it means that no matter what time it is, day or night, weekends or weekdays,
we will never stop making money. because money is an essential commodity which every
individual requires in order to run their daily lives, if you have no money you cant buy food,
shelter or anything to drink since there is a saying that nothing is free, what the movie is trying to
say is that if one rumor starts, your company is bound to fall apart another thing is that many
businessman get more money at any cost, its either by cheating the customers by their stocks or
by betraying their partners just to get or earn more money for example, when Gordon Gecko
only wanted to be part with Winnie Gecko(his daughter) again is to convince Jake to tell Winnie
to give the 100million check to his father which was a huge mistake because when gecko
received the 100 million dollar check gecko left the rental and started his business again so he
makes a trade with him, gecko would give his business and the 100 million dollars for gecko to
see his grandchild.

In the end chose to be apart with his daughter since shes the last living child he has,
another example is Bretton James, James is the reason Louis killed himself, because of the
collapse of the company Louis had no other choice but to sell his stocks James for 3 dollars
which made him depressed and ended it the movie connects to the topic of international business
and trade because there a shareholders around the world, in order for your company to thrive is
by having partners and shareholder or stockholder, a share holder is a person,company or
institution that owns at least one share of a company's stock or mutual fund shareholders
essentially own the company, which comes with certain rights and responsibilities, this type of
ownership allows them to reap the benefits of a business success.

These rewards come in form of increased stock valuations or financial profits distributed
as dividends. Conversely. When a company loses money, the share price invariably drops,
which can cause shareholders to lose money or suffer declines In their portfolio this is what
drove Louis to end his life.

When the company lost a ton of money, the shareholders started to sell their stocks so
they don’t go bankrupt he coudnt the feeling that the empire he built this past years was going to
crumble and be bought for 3 dollars by james, when the price of their stock drastically dropped
people needed and decided to sell their shares from the company they bought from which was
Keller Zabel investments.

It takes time to determine if a stock is good and if you are able to find the right type of
stock to help you grow a solid retirement. Finding strong winners and keeping the money
invested in them is the best way to make sure that there is little risk and still the potential for
gain. The best stocks will pay a dividend and have a stable commodity that the company
produces. Jacobs Moore, a stock broker, moonlights as a corporate CEO for an alternative energy
company. Unfortunately, due to a series of setbacks, he loses his mentor and has to sell the
company before it goes bankrupt. Jacob Marley is a corporate raider who has lost everything in
the current economic climate. He partners with Gordon Gecko, a disgraced Wall Street corporate
raider, on a mission to alert the financial community about the coming doom and to find out who
was responsible for the death of Jacob's mentor. Gordon, unfortunately for Jake, has other
priorities besides rekindling things with his daughter, Jacob's fiance.

Business ethics is a company's attitude and conduct towards its stakeholders—employees,


customers, stockholders, and so forth. It describes fair and honest treatment of all parties. The
word ethics refers to "standards of conduct or moral behavior." The movie Wall Street showed
examples of hostile takeovers, insider trading, greed and unethical behavior in the attempt to
build fortune on the all-powerful dollar. The movie focuses on the stock market and the way
inside information is used to make decisions at the cost of others. The movie is based on the
uncertainties of the stock market, which consist of both positive and negative outcomes. People
invest money in hopes of making more, and just as it is uncertain that losses will be realized, so
too are there opportunities for gains. However, the more risk you are willing to take, the higher
your rewards can be in the end. This does not only apply to money but to your actions as well. In
the movie Buddy Fox and Gordon Gekko were willing to risk fines and jail time in order to gain
information that would make their returns on investment close to certain.

This movie shows the importance of doing your research before investing. If you do your
homework and research, you will know what you’re investing in and it can lead to higher
success. You should never jump into an investment without knowing what you’re actually
getting into. Researching and finding these answers can lead you to smarter investments.
Jumping into investments blind and uneducated will lead to loses in money. When the subprime
mortgages market collapses and leads to a global recession, Bretton's company asks for a bailout
package. Jacob finds out that Bretton has diverted funding received from Chinese investors to a
different solar project and he decides to leave the firm. He visits Gordon who informs him about
Bretton's profits made by betting against the subprime mortgages market by using credit default
swaps (CDS) before it crashed and at the same time received a bailout package from the US
Government. As the saying goes, “Money never sleeps”. Gordon soon deceives his future son-in-
law Jacob by misleadingly diverting funds held in her daughter’s bank account in a Swiss Bank.
Hearing this news, Winnie breaks up with Jacob and moves on.

The 2010 film "Wall Street: Money Never Sleeps" is a little shorter than the original
Cannes version and has a smoother conclusion. It's still very long, but it's a smart, glossy,
beautifully photographed film that knows its way around Wall Street (Stone's father was a
stockbroker). I wish it had been angrier. I wish it had been outraged. Maybe Stone's instincts are
correct; maybe American audiences aren't ready for that. They haven't had enough of Greed yet.
Enron: The Smartest Guy in the Room: Financial Scam

Enron: The Smartest Guys In The Room’ Frauds and financial scandals in the
business world were before an Enron’s case and will be after it.That’s in human nature.But a
chain of events lead to an enormous shock on the Wall Street and went down in history as one of
the biggest business scandals. For a long time sequence of events was a basis for articles and
books, documentary films and analytic researches. Specialties were retold and discussed by
analytic. It was real human tragedy. The film ‘Enron: The Smartest Guys In The Room’ tries to
answer the questions that all people somehow connected with the business world were interested
in: How it could happened? What are the reasons and who is responsible for that? The film tries
to lift the veil. From the beginning of the film it is clearly stated that the Enron case is
exceptional. Working in a field of energy and power, having reputation of ‘unsinkable’ ship and
demonstrating fascinating financial results, Enron dramatically collapsed almost in a day. But the
beginning of this story is bright and ambitious. Enron represents a company of great promise.

The first seconds of the film represent an end of it: John Cliff Baxter committed a
suicide, being heartbroken with what was happened. And it was a conviction of the fraud that
was happened. After this crucial episode, viewers come to the best years of the Enron. It is a
seventh largest corporation in America, valued 70 billion $. It is an innovative business with
absolutely new business model. But how it starts? It starts with Ken Lay, who comes to the story
of Enron from humble roots. His father is a Baptist minister and their life is rather poor.
Probably, his background plays an integral role in having huge ambitions to make wealth of him.
Ken Lay wants to change a market of power and energy. He convinces that government is not a
solution but a problem to the business. In other words, he involves in the idea of deregulation.
Not only he but other participants of a power and energy business share this outlook.

In 1985, a tendency toward deregulation emerges, and Enron is founded at that time. Kay
Lay believes that allowing gas prices to float with market currents would be beneficial to his new
company. Deregulation has that kind of power. An important Enron episode is a contribution to
George Bush's presidential campaign, which has recently helped to secure money in government
subsidies and to promote Ken Lay's idea of deregulation. Trading in the oil market is regarded as
a high-risk endeavor. But Enron is always victorious.

Even so, Enron's improbable success raises questions about the company's legality.
Illegal actions begin with Enron president Louis Borget, who transfers approximately $3 billion
in corporate funds to his personal account with the assistance of treasurer Mastroeni and his
phony books. When the rumors become too strong, Mastroeni reveals the real books, revealing
that all of Enron's reserves have been gambled away. This incredible news is hidden by market
bluffing, which is how Enron stays afloat. However, Enron is forced to reveal information about
those manipulations later on, and all blame is placed on Mastreoni and Borget.

Mastreoni receives a suspended sentence, while Borget is sentenced to one year in prison.
So, who will profit now? The second era of Enron's history is associated with Skilling, who is a
man of great ideas. As a Ken Lay, he is a great visionary. He is the one who comes up with a
novel idea: turn energy into a financial instrument similar to stocks and bonds. And it's like an
industry explosion. Enron emerges as an industry genius. Every employee is proud to work for
Enron.

It is worth noting that this is the time when the SEC approved the implementation of a
mark-to-market accounting approach, which allows estimating the company's assets using a
market price rather than a real value. It also allows for the booking of potential profit because it
has already been earned before the money arrives at Enron. That is the first almost imperceptible
warning sign of unethical behavior and fraud in a room. When it comes to the workplace, it is
clear that Skilling is an unrestrained leader. An intriguing aspect of his power is that when he
removes his glasses, everyone in the company does the same. However, the culture that is being
cultivated is aggressive and tough, much like in the wild, with survival of the fittest instincts.
Skills is convinced that money is the only motivator for people. He expects employees to deliver
excellent results and profits. Traders are thus encouraged to gamble. Making money regardless
of the method used.

The film focuses on scandal after scandal, each involving a different employee. However,
one character appears at both the beginning and end of the story: Kenneth Lay. We learn early in
the film that Lay comes from a poor family and did not grow up with a lot of money. In that
sense, he is a self-made man, and one would expect him to be more compassionate toward those
who work hard for their money. Lay, on the other hand, is portrayed as a man who has little
regard for those outside of his inner Enron circle. Lay was able to maintain a moral stance while
robbing Enron and its shareholders.

Enron Company went through a crisis that led to its demise in 2001, culminating in a
bankruptcy filing. The firm was characterized by administrative errors that resulted in
embezzlement of funds by top officials and subsequent accounting cover-ups. The selfish
leadership of a once prominent company was the primary cause of its demise, as it ignored
management elements such as organizational theories and behavior, resulting in inappropriate
culture, ethics, and practices.

The Enron Corporation was brought down by a number of factors that fueled its fraud.
The competitive nature that the company had, or was assumed to have, was one of the causes of
the malpractices. The firm had strived to be among the best and gained favor with the business
community, including the press, which aided in the refinement of the company's image. The
company, which was ranked among the top ten in the country, needed to find ways to keep its
feet on the ground and avoid, as much as possible, any eventuality that could lead to its demise.
It was the company's need to protect its gained untrue competitive status that fueled its cover-up
avenues.

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