Oliver Stone’s Wall Street (1987) coming off the heels of Platoon (1986) was one of the defining films of the decade in the way it depicted the “me first” corporate greed of 1980s America. The iconic line, one of many from the film, “Greed is good” summed up the capitalism and materialism that WAS the 1980s.
The film was made as a labor of love for Stone’s father, Louis, who was an old school Wall Street broker. Although the film has been released in three separate versions (two Oliver Stone box sets and a single disc edition) this 20th Anniversary Edition DVD stands as the best of the four as it imports all the previous extras and adds a few new ones made this year.
Bud Fox (Charlie Sheen) is a broker for a lower level Wall Street firm. He cold calls potential clients using a tired sales pitch of “extraordinary opportunities available in today’s market.” His dream is to be on the other side of that phone. His idol: corporate raider Gordon Gekko (Michael Douglas). For 59 days in a row Fox relentlessly calls Gekko’s secretary begging for a sit down.
On day 60, which just happens to be Gekko’s birthday, the kid shows up at Gekko’s office unannounced with a box of Cuban cigars he got through an airport contact and gets his meeting. Fox flatters him then goes into his sales pitch, which falls flat. Just when it seems all is lost, Gekko bluntly asks him “So what else do you have besides contacts at the airport?” Realizing this is the make or break moment of his career, Bud lets slip a crucial piece of inside information and in the process a part of his soul. His blue collar, honorable father Carl (Martin Sheen) is a mechanic at Blue Star Airlines as well as a union leader. The airline has just gotten a favorable ruling in a class action lawsuit but the news hasn’t hit the streets yet. His father told his son casually over beers not thinking that he would use that information for financial gain.
Fox lets the inside information slip and Gekko makes some money off the deal. Fox knows that he has broken the law but hopes to impress Gekko honorably with other stocks that he believes can work. Gekko casually dismisses them as “dogs with fleas.” After taking a loss on the aforementioned “dogs,” Gekko tells Fox good day unless “you stop sending me information and start getting me some.” Gekko knows this kid. He might even be a carbon copy of him at that age. Gekko also had a blue collar, honest days work father and went to a city college not some Yale or Harvard.
Fox relents and in essence lets his soul go out the window, telling him “You got me.” He spies on one of Gekko’s rival competitors Sir Larry Wildman (Terence Stamp) and deduces that he is going to buy up Anacott Steel. He passes the info on to Gekko who promptly buys all the shares, thus driving the price of the stock up and costing Wildman a fortune to buy it back. Along with endless hours of work comes perks from Gekko.
Those perks include call girls and a gorgeous blonde interior designer Darien (Daryl Hannah) who decorates Bud’s new high-rise apartment, another perk, on the ritzy Upper East Side of New York. Things continue to move upwards for Bud, until he literally stares out of his balcony with a priceless view of the city and asks himself “Who am I?” He has fully surrendered his soul for money and before he regains it he will have nearly sold his father’s company unwittingly for Gekko to dismantle and sell off piece by piece. “Why do you feel the need to wreck this company?” Fox asks when confronting Gekko after realizing the deception. “Because it’s wreckable alright?” spews Gekko.
The workers of the airline that would lose their jobs don’t apply to Gekko. Gekko has everything he could possibly want. Fox then asks the most important question of the many that the film poses; how much money is enough?
Gekko replies,” It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another…I create nothing. I own.” Despite the viciousness of the words, you never doubt them for a minute nor do you doubt that it was the prevailing wind during those times. Without characters that you care about one way or another, this film would be meaningless. In an iconic performance that not only won him a Best Actor Oscar but defined his acting career, Michael Douglas is magnetic and charismatic as the larger than life Gordon Gekko. It is easy to become seduced by the man because, much like Fox, we all want to succeed and claim a piece of the American Dream.
Even though he is a ruthless bastard and a villain, Douglas infuses Gekko with a devilish charm that is impossible to resist. He channels some of his father, Kirk’s, legendary roles in Champion (1949) and Ace in the Hole (1951) where the elder Douglas played likeable bastards that wanted the American Dream no matter who had to suffer or die in the process. Nearly everything Douglas does in the role mesmerizes and draws one in. He quotes Sun Tzu’s The Art of War, he has his own jet, he wears five thousand dollar suits and he orders off the menu at the 21 Club. He is a villain; something that unfortunately many who saw the film and went into the corporate world did not see him as but rather a hero. Gekko has most of the iconic lines in the film and makes them sound like the holy gospel. His iconic monologue still resonates just as much now as it did back in 1987. “Greed, for lack of a better word, is good. Greed is right, greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms; greed for life, for money, for love, knowledge has marked the upward surge of mankind. “ Not only is the crowd Gekko speaks to captivated but we are as well. Why? Because whether we want to admit it or not, he’s right. Charlie Sheen does an admirable job as the ambitious Bud Fox and delivers, next to his Chris Taylor in Stone’s Platoon, his finest work.
His scenes with his real-life father Martin Sheen have a beautiful, heartfelt authenticity to them, which is probably why Stone cast both. Much like Platoon, Stone has Charlie Sheen torn between two father figures; his working class, left leaning father Carl and the ruthless, big business, free market Gordon Gekko. There are some moments, however, where you aren’t sure whether Sheen really does have that killer instinct that would lead him to blindly sacrifice his soul in order to do business with Gekko. Because of that one wonders what an actor like James Spader, who has a brief role in the film as a college friend of Fox’s who becomes involved with his illegal dealings, could’ve done with the Fox role. Spader has always been able to suggest a moral ambiguity beneath a suave, controlled exterior. He would’ve made the perfect Bud Fox. Whatever Charlie Sheen’s shortcomings may be, they are nothing compared to Daryl Hannah’s who is completely out of place as the materialistic Darien Taylor. She is not up to the task and many of her scenes seem lifeless. It is no surprise that Stone remarks on the commentary that she was never comfortable with the role and was wrong for it. Sean Young has a small role as Gekko’s wife Kate that was heavily edited in the final cut.
She and Stone frequently butted heads, which probably accounts for her lack of footage in the final cut. However, Stone remarks how on the first day of shooting Young confronted Stone and said in front of Hannah that “I am Darien” and that Hannah should be let go.
Even Stone admits now that she was dead right and had he to do it over again, he would’ve swapped their roles. Young would’ve brought the necessary ruthlessness and aloofness that Hannah doesn’t posses. Luckily Hannah is the only real weak spot in the acting department. The supporting cast is filled with standout performances from Martin Sheen, Terence Stamp, John C. McGinley, James Spader and Hal Holbrook in the role of Lou Manheim who is the voice of old-school wisdom in the film and most likely resembles Stone’s own father in his honor to the job in terms of making his clients money and not going for the quick buck.
Many of his lines might seem like didactic clichés that your grandfather would tell you but they are all true and aimed at Fox at various points in the film. When Fox is about to fall off his perch literally and figuratively at the end, it is Manheim who puts his arm around him and says, “Man looks in the abyss, there's nothing staring back at him. At that moment, man finds his character. And that is what keeps him out of the abyss.” The screenplay by Stone and Stanley Weiser follows the old progression of seduction followed by corruption followed by redemption. Both are able to craft the film in such a way that even if you can’t follow exactly all the financial lingo and wheelings and dealings, you are still able to understand what is going on.
They craft a timeless morality tale that is just as important and prevalent now as it was 20 years ago especially in today’s climate of instant gratification. People want the dream more than ever now and feel entitled to it no matter the cost. Wall Street bluntly shows that there is a price to be paid for every dream.
Stewart Copeland’s score provides added adrenaline and melancholy as Fox begins his ascent to the top then falls back to earth. His haunting score during the film’s final scene lingers throughout the end credits. Disc one contains the film as well as the imported Stone commentary from the previous DVD versions. His commentaries are THE best amongst directors as they are part history lesson on the subject matter and part film school that details the production history of the film. So many directors just ramble about what is on the screen without going into the deeper significance or meaning behind it.
Stone is never shy and frequently points out his own mistakes and things that he wishes he could’ve done differently. Rarely is a full- length commentary worth the time investment but when Stone is taking part, you will always get something out of it. Disc two contains the 47-minute Money Never Sleeps: The Making of Wall Street documentary, which is also an imported extra from the previous DVD.
The new extras come in the form of a one-minute introduction by Stone, which should’ve been placed before the film on disc one, 26 minutes of deleted scenes with optional commentary by Stone and a new 56-minute retrospective documentary Greed is Good, which features new interviews with Stone, co-screenwriter Weiser, Douglas, Sheen, Holbrook and several real life brokers and traders.
They discuss the film’s lasting impact and how accurate it was for its time. Many of the brokers admit how the Gordon Gekko character inspired them to be brokers and how the film’s dialogue is quoted daily on stock floors.
Both Stone and Douglas are still shocked as to how the Gekko character became a cultish business hero as the intention was to make him a villain and an example of what NOT to be. Much like another one of Stone’s iconic characters meant to be a villain, Tony Montana, Gekko’s character would be misinterpreted by certain audiences and glorified rather than vilified.
It goes to show you how gifted actors like Pacino and Douglas along with a brilliant writer like Stone can make the vilest of human beings into charismatic cult heroes and even idols representative of how hard work can lead to the American Dream. If you own any of the previous versions of the film, the added extras might not seem like enough to entice you for the quadruple dip. Let me assure you that the Greed is Good documentary is worth it for devoted fans of the film like myself as are the deleted scenes that include a happy ending that Stone shot then thankfully scrapped.
Surprisingly there is no trailer included. All that is left missing that could’ve possibly made this better would be the 160 minute original cut that included a subplot that had Bud Fox having an affair with Gekko’s wife as well as a back story involving Darien having been a hooker.
Maybe that’ll be for the 25th Anniversary Edition. Aside from that this is an excellent upgrade to one of the best cinematic morality tales ever put on screen from one of the great American directors. Wall Street is indicative of the American dream turned into a nightmare.
Wall Street (20th Anniversary Edition) is now available at Amazon . As of yet, there is not a release date for this version of the DVD in the UK. Visit the DVD database for more information.
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