December 11, 1987: Oliver Stone film, Wall Street is Released

Wall Street is a 1987 American film directed by Oliver Stone and features Charlie Sheen as Bud Fox, a young stockbroker desperate to succeed, and a wealthy but unscrupulous corporate raider named Gordon Gekko (Michael Douglas) whom he idolizes. After the success of Platoon, Stone wanted film school friend and Los Angeles screenwriter Stanley Weiser to research and write a screenplay about quiz show scandals in the 1950s. During a story conference, Stone suggested making a film about Wall Street instead.

Reportedly, the character of Bud Fox is said to be a composite of Owen Morrisey, who was involved in a $20 million insider trading scandal in 1985, Dennis Levine, Ivan Boesky, and others. Gordon Gekko was a composite of Boesky, corporate raider Carl Icahn, art collector Asher Edelman, agent Michael Ovitz, and Stone himself. Stone cast Daryl Hannah as Fox’s materialistic girlfriend, but she had problems relating to her character and struggled with the role. Stone also had difficulties with Sean Young, who made her opinions known that Hannah should be fired and that she should play that role instead.

The film was well-received critically and commercially. In addition, Douglas won an Academy Award for Best Actor. Over the years, Weiser has been approached by numerous people who told him that the film changed their life and wanted to be like Gekko.

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