1:13:03
Not in Teldar stock. He owns less than 1%.
1:13:07
You own the company.
That's right, you, the stockholder.
1:13:11
And you are all being royally
screwed over by these bureaucrats,...
1:13:15
..with their steak lunches, their fishing trips,
their corporate jets and golden parachutes.
1:13:21
This is an outrage! You're out of line, Gekko!
1:13:23
Teldar Paper, Mr Cromwell,
has 33 different vice presidents,...
1:13:29
..each earning over $200,000 a year.
1:13:35
Now, l have spent the last two months
analysing what all these guys do.
1:13:40
- And l still can't figure it out.
- (laughter)
1:13:43
One thing l do know is that
our paper company lost $110m last year.
1:13:49
And l'll bet half of that was spent in all the
paperwork between all these vice presidents!
1:13:56
The new law of evolution
in corporate America...
1:14:00
..seems to be... survival of the unfittest.
1:14:05
Well, in my book you either do it right,
or you get eliminated.
1:14:11
ln the last seven deals that l have been
involved with there were 2.5m stockholders...
1:14:16
..who have made a pre-tax profit
of $12 billion.
1:14:21
(applause)
1:14:22
Thank you.
1:14:25
l am not a destroyer of companies.
1:14:28
l am a liberator of them!
1:14:33
The point is, ladies and gentlemen,
that greed, for lack of a better word,...
1:14:39
..is good.
1:14:41
Greed is right. Greed works.
1:14:45
Greed clarifies, cuts through and captures
the essence of the evolutionary spirit.
1:14:52
Greed, in all of its forms - greed for life,
for money, for love, knowledge -
1:14:58
..has marked the upward surge of mankind.