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...lines and, in the end, the winning position in a classic '80s confrontation: ruthless raider vs. responsible corporation. Larry's target of opportunity is staid, gently paternalistic New England Wire & Cable. Only one man could possibly be its CEO, and, sure enough, Gregory Peck has the job. His "Jorgy" Jorgenson is as stiff as Larry is slinky, a man who's all stature and no smarts. Luckily his longtime lover and assistant (Piper Laurie) has a daughter, Kate, who is building a career as a brilliant Wall Street lawyer. If anybody can save management...

Author: /time Magazine | Title: A Ruthless Raider's Romance | 10/28/1991 | See Source »

Other People's Money explores the conflict between the interests of the stockholders and those of the owners of New England Wire and Cable, a small manufacturing company located in Rhode Island. Thanks to years of frugal ownership by Andrew Jorgenson (William Cain), the son of the company's founder, Wire and Cable has no debt and undervalued stock. These assets attract the attention of Lawrence Garfinkle (Jack Willis), a New York corporate raider nicknamed "Larry the Liquidator." Garfinkle wants to buy large chunks of stock, drive up the price of each share, then deep-six the company and sell...

Author: By Adam E. Pachter, | Title: Other People's Money: Tales of the Street | 9/20/1991 | See Source »

...first Jorgenson is ecstatic; the inflated stock prices caused by Garfinkle's bid will reward those local investors who already held shares. When Coles (William Damkoehler) informs him of Garfinkle's real intentions, Jorgenson overcomes his instinctive aversion to lawyers and hires Kate Sullivan (Anne Scurria), a high-powered New York attorney, to defend the company. The struggle for control culminates in a shareholder's meeting at which Garfinkle and Jorgenson must argue their respective views of the company and its future...

Author: By Adam E. Pachter, | Title: Other People's Money: Tales of the Street | 9/20/1991 | See Source »

...suffers from the Batman syndrome--as in Tim Burton's movie, the evil character has the best dialogue and so enjoys his wicked doings that the audience cannot help being drawn to him. Though Cain does his best to flesh out the "good-guy" model written for him, Jorgenson still resembles Wilford Brimley in a Quaker Oats commercial--he wants to preserve his company because "it's the right thing...

Author: By Adam E. Pachter, | Title: Other People's Money: Tales of the Street | 9/20/1991 | See Source »

...characters in this production seem too sympathetic one need only read of the latest insider trading scandal on Wall Street to understand just how many people are seduced by Garfinkel's lifestyle. In his final appeal to the shareholders of the company which he has run for several decades, Jorgenson implores them not to let America become a "nation that makes nothing but hamburgers, creates nothing but lawyers, and produces nothing but shareholders." After watching Other People's Money, one gets the chilling impression that this speech comes a little too late...

Author: By Adam E. Pachter, | Title: Other People's Money: Tales of the Street | 9/20/1991 | See Source »

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