If you're a fan of the 1987 Oliver Stone film "Wall Street," you'll know Blue Star as the name of the fictional airline that's at the center of an insider-trading scheme concocted by Gordon "Greed is Good" Gekko (played by a slick-haired, suspenders-wearing Michael Douglas). Well, it just so happens that there is a real-life company named Blue Star. It's a subsidiary of the state-owned China National Chemical Corp. And it just so happens that Blackstone Group, the giant private equity firm led by Stephen Schwarzman, plans to invest $600 million in Blue Star. And it just so happens that New York magazine columnist Kurt Anderson once described Schwarzman as "a tiny Gordon Gekko without the hair product." In his Naked Shorts blog, Greg Newton offers this clip:
[Blue Star has gone from 24 to 16½] Gordon Gekko: Where the hell are you? I am losing MILLIONS! You got me into this company and sure as hell better get me out or the only job you'll have on the Street is SWEEPING IT! You hear me, Fox? Bud Fox: You once told me, don't get emotional about stock. Don't! The bid is 16½ and going down. As your broker, I advise you to take it. Gordon Gekko: Yeah. Well you TAKE IT! Right in the ass you [expletive] [expletive] [expletive]. Bud Fox: It's two minutes to closing, Gordon. What do you want to do? Decide. Gordon Gekko: [calms down] Dump it.