The portrayal of the famous Hollywood Finance villain Gordon Gecko, in the 1987 movie Wall Street won Michael Douglas the Oscar for Best Actor.
“Greed is good.” declared Gecko. Investment bankers are perceived to personify this greed, due in no small part to the image of the industry perpetuated by the media and popular culture.
Joris Luyendijk in his book Swimming with Sharks wasn’t far off the mark when he said, “Investment banking is a trap, a game and an addiction. The reward is big, but uncertain, which makes it exciting and keeps you coming back for more.” (more…)