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Twentieth Century Fox
Twentieth Century Fox

10 Rich Facts About Wall Street

Twentieth Century Fox
Twentieth Century Fox

It’s often said that the love of money is the root of all evil. Wall Street could have easily turned this sentiment into a tagline. A gripping financial thriller, the Oliver Stone classic is a cautionary tale whose message is every bit as relevant today as it was when it was released 30 years ago today.

1. OLIVER STONE WOULD DELIBERATELY TICK OFF MICHAEL DOUGLAS BETWEEN TAKES.

“As a director, he really tests you,” Douglas said of Stone. Around two weeks after shooting had started, Stone showed up at the actor’s trailer and asked “Are you on drugs? Because you look like you’ve never acted before in your life.” Mortified, Douglas took a look at some footage they’d already shot. Yet, after diligently reviewing it, he could find nothing wrong with his performance. “I came back to Oliver and said … ‘I think it’s okay,” Douglas remembers. “Yeah, it is, isn’t it?” Stone replied.

Eventually, Douglas wised up to his boss’s overly critical act. “Basically, what he wanted was to ratchet up that much more nastiness in Gordon Gekko,” Douglas explained. “And he was willing … for me to hate him for the rest of that movie just to bring it up a little more.” 

2. WALL STREET WON BOTH AN OSCAR AND A RAZZIE.


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Douglas’s cold portrayal of the unscrupulous Gekko netted him an Academy Award for Best Actor in 1988. On the other hand, critics were thoroughly unimpressed by leading lady Daryl Hannah, who took home a Worst Supporting Actress Razzie.

3. GORDON GEKKO’S FAMOUS PHONE WEIGHED TWO POUNDS.

In one pivotal scene, Gekko rings Bud with a state-of-the-art mobile communication device. Specifically, it’s a Motorola DynaTac 8000X. Released in 1983, this brick-shaped cell phone was 13 inches long, weighed two pounds, and cost the equivalent of $8,806 in modern dollars. During the 2010 sequel Wall Street: Money Never Sleeps, the anachronistic gadget returned for a quick sight gag.

4. CHARLIE SHEEN CHOSE TO HAVE HIS REAL FATHER PORTRAY HIS FICTIONAL ONE.

“It was interesting having my dad play my dad,” Sheen said on the DVD's “making of” documentary. Wall Street’s most dramatic arc revolves around Bud and Carl Fox, who were played by Charlie and Martin Sheen, respectively. Stone had built a strong working relationship with the former on the set of 1986’s Platoon. So when the time came to cast Carl, he had the younger Sheen make the call, asking “Do you want Jack Lemmon or do you want your father?” “Oh, Jack Lemmon’s a genius,” the actor said, “but my dad’s my dad and he’s kind of a genius, too.”

5. SCREENWRITER STANLEY WEISER COULDN'T FIND INSPIRATION IN EITHER CRIME AND PUNISHMENT OR THE GREAT GATSBY.

Before the writer could get started, Stone gave him a little homework. Originally, the film was conceived as “Crime and Punishment on Wall Street.” When Weiser was brought aboard one fateful Friday, Stone told him to read Dostoyevsky’s novel over the weekend. “Not having taken an Evelyn Wood Speed Reading class, I went to UCLA and purchased the Cliffs Notes,” Weiser wrote in 2008.

But the literary exercise proved futile. “On Monday, I explained to Oliver that the paradigm for that masterwork would not mesh well with the story we wanted to tell.” In a flash, Stone hit him with another assignment. “Okay,” he ordered, “read The Great Gatsby tonight, and see if we can mine something out of it.” This time, Weiser simply rented the 1974 movie adaptation. Once again, though, inspiration eluded him.

Wall Street as we know it didn’t really start to take shape until after a change in tactic: When Gatsby led him nowhere, Weiser read everything about finance that he could track down and, along with Stone, “spent three weeks visiting brokerage houses, interviewing investors and getting a feel for the Weltanschauung of Wall Street.”

6. PARTS OF THE MOVIE WERE SHOT AT THE NEW YORK STOCK EXCHANGE DURING WORKING HOURS.


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Permission was secured with the help of Kenneth Lipper, a longtime Wall Street insider who also served as New York City's deputy mayor from 1982 to 1985. For the film, Stone brought him on board as the chief technical advisor.

7. TWO MONTHS BEFORE THE FILM’S RELEASE, THERE WAS A MAJOR WALL STREET CRASH IN REAL LIFE.

Historians now call it “Black Monday.” On October 19, 1987, the Dow Jones Industrial Average dropped by a staggering 22.6 percent. It was the largest single-day stock market decline of all time, with $500 billion suddenly going up in smoke. Wall Street would hit theaters on December 11, leading conspiracy theorists to wonder if Stone had seen the crisis coming and made his movie to exploit it. 

“I did not foresee the crash, as some people say, because if I had, I would have made a lot of money,” Stone quipped.

8. GEKKO WAS BASED ON THREE BIG-NAME FINANCIERS. 


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“If you need a friend, get a dog,” Gekko advises his young protégé. This quote was adapted from a remark that corporate raider Carl Icahn once made (which he had cribbed from Harry Truman). In 1985, Icahn became a notorious figure by taking over TWA airlines under the pretense of making it more profitable only to sell off its assets for his own gain. Gekko, no doubt, would’ve approved.

Wall Street’s charismatic antagonist also took cues from Asher Edelman, a financier and major league art enthusiast. Another source of inspiration was arbiter Ivan Boesky, who confessed to illegal insider trading in 1986 and ended up in jail in 1988 (more about him later).

9. STONE’S FATHER WAS A STOCKBROKER.

A survivor of the Great Depression, Louis Stone had a huge influence on his cinematically-inclined son. “The main motivation to make Wall Street was my father,” the director admitted. “He always said there were no good business movies, because the businessman was always the villain.” In the end, Wall Street was dedicated to the elder Stone, who passed away two years before its release. 

10. GEKKO’S BIG LINE IS NUMBER 57 ON THE AMERICAN FILM INSTITUTE’S TOP 100 MOVIE QUOTES LIST.

“Greed, for lack of a better word, is good” finished just ahead of “Keep your friends close, but your enemies closer” from The Godfather: Part II. Gekko might as well have been quoting Boesky: At a 1985 commencement address given at UC Berkeley, the trader said “Greed is all right, by the way. I want you to know that. I think greed is healthy. You can be greedy and still feel good about yourself.”

Newsweek later reported on the speech—and made a telling observation. “The strangest thing, when we come to look back,” the magazine argued, “will not just be that Ivan Boesky could say that at a business school graduation, but that it was greeted with laughter and applause.”

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Pop Culture
The House From The Money Pit Is For Sale

Looking for star-studded new digs? For a cool $5.9 million, Top10RealEstateDeals.com reports, you can own the Long Island country home featured in the 1986 comedy The Money Pit—no renovations required.

For the uninitiated, the film features Tom Hanks and Shelley Long as hapless first-time homeowners who purchase a rundown mansion for cheap. The savings they score end up being paltry compared to the debt they incur while trying to fix up the house.

The Money Pit featured exterior shots of "Northway," an eight-bedroom estate located in the village of Lattingtown in Nassau County, New York. Luckily for potential buyers, its insides are far nicer than the fictional ones portrayed in the movie, thanks in part to extensive renovations performed by the property’s current owners.

Amenities include a giant master suite with a French-style dressing room, eight fireplaces, a "wine wall," and a heated outdoor saltwater pool. Check out some photos below, or view the entire listing here.

The real-life Long Island home featured in “The Money Pit”
TopTenRealEstateDeals.com

The real-life Long Island home featured in “The Money Pit”
TopTenRealEstateDeals.com

The real-life Long Island home featured in “The Money Pit”
TopTenRealEstateDeals.com

The real-life Long Island home featured in “The Money Pit”
TopTenRealEstateDeals.com

The real-life Long Island home featured in “The Money Pit”
TopTenRealEstateDeals.com

The real-life Long Island home featured in 1986's “The Money Pit”
TopTenRealEstateDeals.com

The real-life Long Island home featured in 1986's “The Money Pit”
TopTenRealEstateDeals.com

[h/t Top10RealEstateDeals.com]

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DC Comics, Warner Bros. Entertainment Inc.
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The Dark Knight Is Returning to Theaters, Just Ahead of 10th Anniversary
DC Comics, Warner Bros. Entertainment Inc.
DC Comics, Warner Bros. Entertainment Inc.

Believe it or not, July 18 will mark the 10th anniversary of the release of The Dark Knight, the second entry in Christopher Nolan’s game-changing superhero movie trilogy. To mark the occasion, Showcase Cinemas—the movie theater chain behind the Cinema de Lux experience—is bringing the movie back to select theaters on the east coast for limited screenings on February 8 and February 11, /Film reports.

Many people consider The Dark Knight the best film in the Batman franchise (Tim Burton and LEGO-fied movies included). The film currently holds a 94 percent “fresh” rating with both critics and audiences on Rotten Tomatoes, making it the highest-rated movie in the Batman universe.

Much of the film’s acclaim came from Heath Ledger’s brilliant turn as The Joker—a role that won him a Best Supporting Actor Oscar (making him the only actor to win that award posthumously). Even Michael Caine, who plays Bruce Wayne’s ever-dutiful butler and BFF Alfred, admitted that he wasn’t sold on the idea of bringing The Joker back into Batman’s cinematic universe, after the character was so ably played by Jack Nicholson in Burton’s 1989 film, until he found out Ledger would be taking the role.

“You don’t try and top Jack,” was Caine’s original thought. But when Nolan informed the actor that he was casting Ledger, that changed things. “I thought: ‘Now that’s the one guy that could do it!’ My confidence came back,” Caine told Empire Magazine.

To find out if The Dark Knight is playing at a theater near you, visit Showcase Cinemas’s website. If it’s not, don’t despair: With the official anniversary still six months away, other theaters are bound to have the same idea.

[h/t: /Film]

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