";s:4:"text";s:5141:" He would soon pay hundreds of millions of dollars in fines to the government and serve two years in prison -- a sentence that would have been longer had he not agreed to wear a wire and rat out his friends and colleagues, including Michael Milken. And not only in America. Actually, "Ivan the Terrible" was delivering briefcases full of $100 bills for inside information. Aug. 22, 2002 — -- When stock speculator Ivan Boesky declared "greed is healthy" in 1985, his audience cheered. I think "immoral" is probably the wrong word to use...I prefer the word "unethical.". I think greed is healthy.
Warns Hoffman: "If you carry greed out to its logical point of conclusion, essentially you would drive all competitors out of the market. Commencement speakers are like political conventions (which are also in pandemic-induced jeopardy) in this way: Although they generate almost no suspense, the words and atmospherics surrounding them tell us a lot about the ever-changing society we live in.
"I want you to know that. Follow AzQuotes on Facebook, Twitter and Google+. And so it was that 49-year-old corporate raider Ivan Boesky, looking tanned and self-confident, strode to podium. The product of a Russian-Jewish family from Detroit, whose father had owned a trio of topless bars, Ivan Boesky attended a series of colleges in Michigan before making two decisions that shaped his life. And the future titans of Wall Street and Silicon Valley graduating from Cal's business school wanted to know his secrets. Authors; Topics; Quote of the Day; ... Ivan Boesky.
Gordon Gekko's "Greed is good" speech was inspired by Ivan Boesky's speech at the University of California's commencement ceremony in 1986. "I am not a destroyer of companies -- I am a liberator of them!" Carl M. Cannon is the Washington bureau chief for RealClearPolitics.
First, he married a woman named Seema Silberstein, who also had an entrepreneurial father. But not always a great editor. "I think there's such a thing in the business world as a fair profit and … fair competition in which everybody in the business community is profiting, rather than one particular business sort of gobbling up all of the interests of others," says W. Michael Hoffman, executive director of the Center for Business Ethics at Bentley College in Waltham, Mass. The main speaker was someone the students had chosen themselves. "I think greed is healthy. Of course, it's also true that Boesky paid a huge fine and went to jail, and the fictional Gekko appeared set for a similar comeuppance. Even in boom times, open advocates for "greed" are rare, ethicists say. Michael Douglas never actually says the line “greed is good” in Wall Street, the seminal stockbroking drama that Oliver Stone deposited in theaters 30 years ago this December. In fact, "infectious greed" was the diagnosis from Federal Reserve Chairman Alan Greenspan, who last month told Congress it was the reason for the current business crises. Some argue the historic cycles illustrate that unregulated greed may not really work so well within the capitalist system, after all.