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Just Business In The Film Other People's Money

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It’s Just Business: In the film, “Other People’s Money,” the New England wire and cable company is a well-established company that has been enduring financial difficulty for the past decade. At a stockholder’s meeting, Mr. Jorgenson played by Gregory Peck, and “Larry the liquidator” played by Danny DeVito can appeal to the shareholders in order to gain their vote on the future of the company. The stock holders must decide whether to continue investing in the company or dissolve it. Mr. Jorgenson attempts to win favor with the stockholder by anthropomorphizing the company. He equates accepting Larry’s offer to liquidate or “kill” the company to killing a neighbor; however, on wall street this action is considered maximizing shareholder value. His expectation is that the dollar will gain in value over the yin, and the country will begin rebuilding its infrastructure. This will lead to exponential gain in stock value, which will make his adversary’s current offer mediocre in comparison. He asks the shareholder to view the company as a place for …show more content…

He refers to Mr. Jorgenson’s speech as a prayer for the dead, and not a factual representation of the company’s future. In his speech, Larry states that even if all of Mr. Jorgenson’s expectations were to come to fruition, the company would still fail because it is deploying an obsolete technology. Despite the sense of community provided by the company, it is not the responsibility of the shareholders to continue purchasing shares of a shrinking market. Over the past decade the community has not offered any tax incentives or subsidies to the company; therefore, the shareholders should not feel bonded to the employees. His focus is to provide the shareholders with money so that they can invest in productive companies which will help stimulate the economy by creating new

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