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Friday, 24 September 2010 - Wall Street insider looks into Money Never Sleeps |
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    Edition: U.S. Article Comments (0) Email Print Reprints Report Title Price ValuEngine Industry Report for HOME FURNISHINGS Provider: ValuEngine, Inc. $49.0 Buy NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here. Wall Street insider looks into "Money Never Sleeps" Tweet This Share on LinkedIn Share on Facebook Related News How Werner Herzog survived murder plot, maggots 2:35am EDT Women trading Wall Street for Main Street Thu, Sep 23 2010 Hedge fund boss bags Hollywood role in Gekko sequel Wed, Sep 22 2010 UPDATE 1-Hedge fund boss bags Hollywood role in Gekko sequel Wed, Sep 22 2010 "Money Never Sleeps" faces hard time on Wall Street Wed, Sep 22 2010 Related Topics Fashion » Entertainment » Film » Stocks     Michael Douglas and Shia LaBeouf in a scene from ''Wall Street: Money Never Sleeps''. Credit: Reuters/20th Century Fox By Ryan Vlastelica NEW YORK | Fri Sep 24, 2010 8:59am EDT NEW YORK (Reuters) - More than 20 years after the release of hit film "Wall Street," director Oliver Stone again looks at the world of high finance with "Wall Street: Money Never Sleeps," opening in theaters on Friday. The sequel to 1987's original film, which earned Michael Douglas an Oscar in the role of corporate raider Gordon Gekko, tells of a brash young trader (Shia LaBeouf) looking to cash in on Wall Street even as financial markets collapse around him. Thomas Belesis, chief executive officer at New York-based brokerage firm John Thomas Financial, was a technical advisor on "Money Never Sleeps," and he portrayed a Wall Street chief in the film. He talked to Reuters about working on the movie, the way it portrays his industry, and how true it is to the real Wall Street. One hint: Belesis is bullish. Q: How did you become involved with the film? A: "When Oliver was first researching it, he was introduced to me by the building manager at 40 Wall Street, the Trump Building where John Thomas Financial is located. He was looking for a trading floor to use in the film and we hit it off. He ended up filming at a different floor...but he offered me a role, which I gladly accepted." Q: Did you have any previous acting experience? A: "No, but I wasn't intimidated. I play Shia's boss, an executive at a Bear Stearns-like firm that collapses because of the subprime issue. My scenes have me in conferences or talking to traders, and those are things I live everyday. I'm used to being commanding in those situations. Plus, as a director, Oliver is a master at his trade. He knows how to get the best out of everyone." Q: Were you familiar with the original "Wall Street"? A: "Very. I've probably watched it a few dozen times. It was very surreal to go from watching it to seeing Oliver Stone and being involved." Q: What did your job as technical advisor entail? A: "Several of the actors -- Shia, Josh Brolin -- came to John Thomas for about a week to do research. They wanted to get a feel for what a trader does and what's appropriate in terms of attire and the way they talk and present themselves --the whole attitude and persona. What's the way you go about presenting an opportunity to an investor? Things of that nature. So they talked to me, talked to some of my traders. "Beyond that, I tried to ensure that everything looked right and felt right. We did conference scene where a character is giving a presentation, and they had the conference table clear. That was incorrect, since people usually have their BlackBerrys on the table, cans of Red Bull or cups of coffee or espresso. So I told them and they added that." Q: How do you think the culture of Wall Street has changed since the first film came out in 1987? And do you think that film's complaints against greed and excess are still valid? A: "The mantra of the first film was "greed is good," and that had to do with the money being made in the Reagan era. This film is different. We've moved from greed is good to the greed of leverage. The biggest financial market in the world almost collapsed because the greediest wanted more than to just create jobs." Q: Gordon Gekko was the villain of the first film, but the character has since been embraced by Wall Street. Given the events of the past few years, are you troubled that a character who ends up going to jail for financial crimes is so admired? 1 2 Next Fashion Entertainment Film     Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters.   © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback   Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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