Margin Call Essay

2392 words - 10 pages

Margin Call depicts a realistic take on what happens inside a Wall Street firm. It is about a company that is downsizing their workers because of a firm’s crisis. One of the victims, Eric Dale, was working on a major analysis when he was laid off. He hands his coworker Peter Sullivan his USB, which contains the major analysis. Peter stays late and cracks the issues and calls his coworkers and bosses in about the financial disaster he had discovered. He had discovered that the company is about the crash. He tries to get ahold of Eric, no luck. He then calls his coworkers Seth Bregman and Will Emerson, who are at a bar and tells them that they need to come back to the office for an emergency situation. After showing the situation to Will, John Tuld, the Chief Executive Officer, quickly hears about it. They all have a conference meeting and decide that the company will sell all of the mortgages, which have little to no value. Once the sale is completed, the company tries to save their reputation by saying that this issue was nonpreventable.
Eric Dale was the former Head of Risk Management. Although he was in the movie the least, he is the most important character. In one of the first scences of the movie, Lauren Bratberg laid him off, disconnected his cell phone, packed up his belongings and had him escorted out of the firms building by security. Before he goes down the elevator to go home, Peter and Seth approach him and thank him for his work at the firm. Eric hands Peter a USB before the elevator door closes and says, “be careful.” Those two words are the makeup of the whole movie. Peter finds out that Eric had been working on different charts and data, which showed that the firms was about to crash and they needed to fix things quick. Throughout the beginning of the movie, all the workers are trying to get a hold of Eric. They want him to go over his discovery to make sure that everything is indeed true, but he wont answer. Will finally gets ahold of him and goes to his townhouse. When he arrives he tells Eric that they finished his charts and what horrible results they found. Will offers him money if he comes into the firm to talk about this issue, but Eric says it isn’t his problem anymore because he was laid off and he has enough money. You can tell he really values his job. If I was put in his situation, I might be bitter and want the firm to crash down. I wouldn’t have given Peter the USB because I would have wanted to see my firm crash down without me, but he really cared about his coworkers and spoke up. He seems tired and over the firm, but he is still respectful about it. In the end of the movie I feel like they took advantage of him by forcing him to come back to the firm or else they would “drag him through hell” with his benefits.
Peter Sullivan is twenty-seven and has spent two and a half years working with Eric Dale and now works as a Senior Risk Analyst. Peter was the character who was given the USB. He was...

Find Another Essay On Margin Call

Debenham's Department Store- marketing perspective Essay

2597 words - 10 pages , particularly in menswear, although also touching on selected items in womenswear and childrenswear, cost us a further 30 basis points, and finally adverse product mix resulted in a 60 basis point decline. The adverse product mix arises through the shortfall in like-for-like growth in the own bought clothing areas, which are Debenham's higher margin product areas. Looking forward to 2007/8, the current financial year, Debenham's guidance on margin

Stock Market Crash Essay

1029 words - 5 pages a company call Bear Stearns survived the stock market crash. I wondered how this company could survive while all others failed. It sounded like a really good and interesting question. I was very disappointed when I could find barely any information. Finally, I developed my third research question. How could have the Stock Market of 1929 crash been prevented? I will use this to write my paper. To really understand why the crash occurred, some

Professsional Challenge : asserting your needs.

973 words - 4 pages customers who have to wait longer for sales person. I decided to make a list of things that I will not answer while helping customers and I will let my management and customer service know about it.I will say "no" to my managers while asked:1. To have quick meeting to look at his last email from the main office.2. To review my last sale that happen to have small profit margin.3. To call customer to update information since he has been working on

Options Trading and Options Markets in Turkey

1856 words - 7 pages writers. The holder of a call has purchased the right to exercise a call. Put holders have purchased the right to sell the underlying asset at the locked price. However, neither the call holders nor put holders have an obligation to exercise their rights on the option. On the seller's side, call writers are required to sell the underlying asset when a holder exercises his right to buy. Put writers are also obligated to buy the underlying asset at the

American Politics: Party Realignment and State Politics

1470 words - 6 pages presidential and congressional elections? North Florida is composed of mainly conservative democrats whose stand can b swayed by persuasive politics. The 2004 election saw George bush a republican win the state by a margin of 5% an improvement on his earlier win margin in 2000. 4 years later Obama won the state narrowly after having a slow start to his campaigns here, his campaign team seemingly having assumed that the states demographics were not

Great Depression.

889 words - 4 pages had less money to spend on our goods. Another obstacle in the way of international trade was high tariffs [on imported products]. Buying on margin and supply and demand were the two most important causes of the Great Depression, which will be thoroughly explained in the rest of the essay.Buying on margin involved investors paying only a small fraction of a stock's dollar value, and borrowing the rest of the money from a stockbroker. So if the

Blood Alcohol Level (bal)

515 words - 2 pages . The one-time use breathalyzers are small glass tubes which contain yellow crystals that have been impregnated with a reactive chemical that turns green when alcohol is present. One must breath into the balloon provided and then let it deflate into the tube. The BAL reading appears in about a minute. Final Call assesses BAL with a margin of error of plus or minus .02. The Final Call Breathalyzer is useful because your BAL can be quickly assessed so that you get immediate feedback.

6. Project Dunham’s income and balance sheet for 1996 assuming the bank grants Dunham a $675K note payable at 12 percent and no existing interest-bearing debt is retired. Dividends will be 50 percent...

1111 words - 4 pages ratio was close to 1.85, the number that could trigger a call of the loan? Explain.Suppose Dunham had followed Jensen's 1993 recommendation to lower its payout ratio. Recalculate the firm's debt and current ratios for 1995 assuming that the dividend payout ratio was 20 percent from 1993 to 1995. The extra money would have been used to reduce the firm's notes payable.Project Dunham's income and balance sheet for 1996 assuming the bank grants Dunham

Snowballing Debt or Valuable Investment?

1687 words - 7 pages attributable to Vail Resorts, Inc. of $49 million or $1.33 per diluted share in fiscal 2009” (“MTN Q4 2010 Earnings Call”, 2010). Utilizing profitability ratios will allow analysts to conclude more specifically the contributors to this change. Operating income margin can tell stakeholders how much return a firm is receiving in relation to the expenditures required for operations. The operating income margin has declined in the past three fiscal

Analyzing Your Organization

1535 words - 6 pages through their health insurance provider. This equipment helps monitor the patient at home with the aid of the equipment that and that data is transmitted through broadband or phone line to monitors in the office. A registered nurse (RN) will check the collected information and call the patient to discuss changes, if any. The RN then discusses changes or concerns of the patient and educates the patient through telemedicine accordingly. Then the RN

Strategic Management Plan

1389 words - 6 pages emerging trends and patterns in the agricultural industry in U.S also an extension internationally. The strategic plans to target the expansion of the number of its employees from the current 5000 to 10,000, improvement of the company’s corporate values by raising the charity level of the total profit, increasing its average profit margin, enhancing its market share and raising its stock price in the coming four years. Plans to make the expansion of

Similar Essays

Margin Essay

943 words - 4 pages MARGIN Introduction The world has a plethora of information directed to people who want to know how to accomplish whatever they desire to accomplish. Libraries are filled with traditional books, audio books and even e-books while the worldwide web is loaded with site after site on a wide range of How to’s, such as how to manage your time, how to have a better marriage, how to find more time, and the list goes on and on. Margin by Richard

Management Accounting: Golden Bakeries Ltd Cvp Analysis.

921 words - 4 pages % percentage in overall sales, product contribution margin is 50.3%. Contribution of the fixed cost is $1,006K, it means max.fixed cost of amortization is $1,006K. The break-even point in sales units is 2,160K Kg, The amount excess 2,160K Kg is the margin of safety. Unit profit ratio reached 23.2%, is the highest ratio among three kinds of products. Bread rolls is the key product contributes 103% percentage in overall profit of the accounting period.B

Options Hedge Against Risks Or For Speculation

2530 words - 10 pages together with other possibilities. For example we can combine Coved Call option with National Margin Lending Facility. Step 1. Trader buys 3,000 ABC shares at $5.50. ABC shares have a security ratio of 70%. Through your National Margin Lending Facility you: Borrow 70% of the purchase price $11,550 Provide the remaining 30% $ 4,950 Total cost of shares $16,500 Step 2. You sell 3 call options for 30 cents per share

Stock Market Crash Of 1929 Essay

1105 words - 4 pages would put down some of his own money, but the rest the buyer would borrow from a broker. Thus the buyer borrowed about 80-90 percent of the cost of the stock and only 10-20 percent of his money. This way of investing money was very risky. At times brokers issued a “margin call”. In this case the buyer had to pay back the money he borrowed earlier. Most ordinary people bought these stocks on margin and ignored the risk to buy stocks on margin. Most