Excellence Redefined :: essays research papers

uprightness RedefinedThe 1980s has been called the me generation, the decade of materialism, and was responsible for the greatest number of nuclear fusions and take awayovers in the autobiography of the US securities industry. People were transformed by the power of money, and tried to take advantage of the opportunities in the stock market. The stock market has never guaranteed a profit, but there were those willing to take the risk. People have befuddled millions from speculating on what was supposed to be a sure thing in the stock market. People would bet their childrens college fund, and their retirement money on a stock tip, only to find bankruptcy the next day. entirely the growing desire for power and money caused people to achieve succeeder by any means necessary, regardless(prenominal) of the legality. Ivan Boesky and Michael Milken bet their money, but they ever seemed to win, even when others would lose. It turns out that they had many sure things, only with one line they were all illegal. Boesky and Milken characterize the rest of the financial world at the time, and protect Street is the movie that exemplifies the such attitudes of the 1980s from Oliver Stones accurate point of view. Boesky and Milken had a great system. They would befriend executives in blue chip companies or merger and acquisition lawyers , hoping they would be given information regarding takeovers and mergers of companies before the common public. When Boesky and Milken get such information, they would strategically buy a massive amount shares in a particular company, and simply wait for the corporate annunciation to exact the value of their stock up. In an effort to alleviate the Securities and Exchange Commission, Boesky and Milken pass on their purchases over a period of time, and each was funded by different inshore and domestic banks to misrepresent the number of buyers. When a company would makes its corporate announcement about the merger, the public wou ld then begin buying the shares, causing the price to skyrocket. Boesky and Milken had purchased the stock so long ago and at such a low price that their profit expectations were quickly met, so they wanted to deal out everything they had at the same time everyone wanted to buy. Because they owned such a massive amount of stock, there was no liquidity in the market in the market as Boesky and Milken were willing to sell for much less than the market value, and their profits soon became the loss of the public.