Monday, October 14, 2024

Other Peoples Money

 Other People's Money is a movie starring Danny DeVito as Lawrence Garfield aka "Larry the Liquidator". In the movie, "Larry" pursues companies as a corporate raider, and he decides to go after the New England Wire & Cable Company. And since it's a struggling company, Larry plans on buying it out and paying back the stockholders back their money. But by doing this he leaves out taking care of the employees and everyone affected by the company shutting down. So Gregory Peck, played by Andrew Jorgenson, has to fight against Larry to try and make his company not struggle financially and to support the employees and the community. 




This does bring to attention how responsible a leader should be and if something like what Larry is doing is ok. Now while I do think most companies and leaders have to balance their attention with the community and stockholders, I personally think a leader should focus more on the community aspect if running a business. While I do think prioritizing one's financial duties is important since they are the ones helping fund the business making sure it still runs, focusing more on the community and workers ensures a company that employees will stay longer and work harder to bring in more money. This also helps the community out by giving the employees a good enough check so that they can be stable but also the community by opening more jobs. While it would be nice to only focus on those, a company with stockholders helping them out, leaders/businesses also need to help out the stock holders so that they stay or are able to trade it to someone else to help support the company because without that, a large sum of money will be lost by the company and would be hard to properly recover but also a good chance of it failing have having to be shut down.




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