As you undoubtedly know by now, during the course of his preparation for Wall Street 2: Money Never Sleeps, Shia LaBeouf became a master trader. He worked with the guys at Encino Charles Schwab office, Citi and John Thomas Financial, he turned $20,000 into almost half a mill, he’s thisclose to becoming a Chartered Financial Analyst and he knows exactly what it takes to get hired at Goldman Sachs. He’s spoken of his pedigree many, many times, under the guise of promoting the movie all the while communicating to Wall Street that there’s a new Josh Birnbaum in town and so far, things have been coming together quite nicely. He has offers coming out the ass, he senses that Lloyd is just waiting for the right moment to can Viniar and offer him the gig and re: Shia LaBeouf Capital Management, all I’m going to say is that it’s been communicated from Stamford that the seed money is there for the taking. And up until this point, the plan has gone off without a hitch, because his co-star, Josh Brolin, has kept his trap shut. You see, kids, because he achieved none of the theatrical success young Shia did at an early age, brolin had to start day trading in order to pay the bills. He achieved a tiny modicum of success but nothing like LaB. Did he trade on his cell phone? No! Did he have Bloomberg on speed-dial? No! And yet this prick is now going around telling people how fucking great he is at making it rain. Read more »
Money Never Sleeps
“You just had the flash-crash on Thursday. Here we are at Cannes. It’s almost like Rupert Murdoch made it happen,” said co-star Shia LaBeouf, referring to the chairman of News Corp., which owns 20th Century Fox, the studio releasing the film. “You’re down 1,000 points on Thursday, you’re up 300 points on Monday,” LaBeouf, who plays Gekko’s new protege, said in an interview. “You literally, just as I’m speaking to you, just went through the most tumultuous 30 minutes to ever hit the market in the history of Wall Street, and here we are promoting a movie. It’s wild that our movie’s taking place in this landscape. This is a firefight in the middle of the craziest money storm that has ever happened.”
Because his 1987 hit attacked the personal ethics of financiers — and the director is pals with Hugo Chavez — it’s not surprising that several banks didn’t want Stone to shoot scenes inside their New York offices. The director notes that the “conservative banks would not deal with us. Goldman sealed their floors to us.” But an unlikely knight saved the day: “Our biggest break came when the Royal Bank of Canada called back, and they were extremely gracious, they said, ‘By all means, we’d love you to shoot here.’ The Royal Bank of Canada was one of the few banks that behaved impeccably in this period and made a profit and continued on. And everyone applauded Canada’s behavior because they had different rules. Europe was going down, the whole world was affected. But here was the Royal Bank of Canada — unlike the Royal Bank of Scotland, which was a disaster — the Royal Bank of Canada was impeccable!
In 2003, an unnamed 47-year old “financial services pro” bought a 6,250 square foot apartment in the Flatiron district. Recently he’s been thinking about putting it on the market, having decided that the fact that an actor (who once shared a sandwich with a couplea Goldman Sachs employees) spent a couple days there will really up the resale value of the place. Read more »
The Hollywood actor – who made the motto famous as trader Gordon Gekko in 1987 film Wall Street – says he chased the big bucks for years. The movie veteran said: “I played. Years ago, through the tech booms, I definitely did it.” Then it all came tumbling down. The actor, 65, said: “I lost 35 to 40 per cent of my net worth on the 2008 crash.” Despite prices starting to recover, he was shocked into ending his profiteering – and pulled most of his cash from stocks. He revealed: “At the end of last year, I took a whole bunch out.”
As I’m sure many of you know, it’s not atypical for someone with a long and storied career on the Street to look back and reflect. They’ve earned the right and its likely that if any of the young whippersnappers cared to listen, they might learn something themselves. Shia LaBeouf is no different. As someone who spent months trading his online brokerage account, bonded with the Charles Schwab guys (Encino branch) and taken several meetings with employees of Goldman Sachs, all in preparation for his (fake) career, he’s figured out a thing or two. And now he wants to share it with you. Read more »
Oliver Stone has said it before and he’ll say it again: nobody was supposed to see Wall Street and think “Hey! I wanna do that, too.” And yet, for the last twenty odd years, you people and the people you work with have never failed to approach Stone or Michael Douglas when they’re out to dinner to tell them you went to work on the Street after being inspired by the 1987 flick, ruining their evenings. Idiots! You were supposed to see movie and say Gekko, bad. Prosecution of “values underpinning American capitalism,” good. See? Simple little equation. And yet. And yet. That all kind of went over your heads, didn’t it? If it makes you feel any better, you’re not alone. A much loved and sorely missed hedge fund manager didn’t get it either.
So I was getting a haircut after lunch today (York Barbershop, 71st and Lex), and Oliver Stone & co. walked in to inspect the place. According to my barber, they’re shooting MNS there, presumably all day, on Tuesday and Wednesday of next week. However, I overheard murmurs that it might be too cramped, in which case the Waldorf barbershop would be a contender. No word on how this affects Shia’s helmet hair.
What? O-Stones can’t help it if he has fans all over the Street. A show of hands please: for those of you working at “a major hedge fund or a boiler room” (or both), do you count the man responsible for unleashing this CFA candidate on the world as a hero?
Oliver Stone, on the other hand, has been receiving a decidedly different reception [than the Gordon Gekko character] while researching the film around town. “When Oliver has walked into a major hedge fund or boiler room, they break out in applause,” Pressman said. “He’s a hero to them. Wall Street is going to love the new film even more.”