Insiders Advisor
  • Stocks
  • World News
  • Business
  • Politics
  • Stocks
  • World News
  • Business
  • Politics

Insiders Advisor

Business

Ivan Boesky, inspiration for ‘Wall Street’ villain Gordon Gekko, dead at 87

by May 21, 2024
May 21, 2024
Ivan Boesky, inspiration for ‘Wall Street’ villain Gordon Gekko, dead at 87

Ivan Boesky, a onetime Wall Street titan-turned-convict who served as the partial inspiration for the 1987 Oliver Stone film ‘Wall Street,’ has died at the age of 87.

Though he denied ever saying it, contemporary accounts reported Boesky extolling the virtues of avarice in a commencement speech at the University of California Berkeley in 1986.

“I think greed is healthy,’ Boesky reportedly said. “You can be greedy and still feel good about yourself.”

At that point, he was seen as a money-making visionary for his seeming ability to predict business mergers.

By the end of that year, Boesky had been charged with insider trading, having made lucrative stock bets based on illicit access to proprietary information.

As it turned out, Boesky was sending literal briefcases full of cash to an insider at a well-known Wall Street firm in exchange for tips about acquisition activity.

This post appeared first on NBC NEWS
previous post
S&P 500 Breakout: Here to STAY or Heading for a FALL?
next post
As their customers age, department stores chase younger shoppers

Related Posts

Biden administration seeks to avoid default crisis for...

January 16, 2025

The 10 worst states to retire in the...

July 31, 2024

CEOs want workers back in offices—this company is...

February 21, 2025

CFPB sues America’s largest banks for ‘allowing fraud...

December 21, 2024

College protesters want their schools to divest from...

April 26, 2024

Tesla CEO Elon Musk loses bid to get...

December 3, 2024

Gold prices hit another record high after fresh...

April 4, 2024

Delta cancels hundreds more flights as DOT opens...

July 23, 2024

NFL owners vote in favor of private equity...

August 28, 2024

DeepSeek hit with large-scale cyberattack, says it’s limiting...

January 28, 2025

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Latest News

    • Probe into Biden’s alleged mental decline cover-up deepens with more former White House officials to testify

      July 2, 2025
    • MAGA law group fights to expose how Biden’s DEI agenda may have tainted life-saving organ transplants

      July 2, 2025
    • Israel accepts Trump-led ceasefire plan that could end Gaza war within 60 days

      July 2, 2025
    • Trump to meet with Netanyahu as he pushes for ceasefire between Israel, Gaza

      July 1, 2025
    • Elon Musk claims of ‘pork’ in bill not even possible, Budget chair says

      July 1, 2025
    • Trump urges House Republicans to ignore ‘grandstanders’ and deliver his ‘big, beautiful bill’ by July 4

      July 1, 2025

    Categories

    • Business (1,290)
    • Politics (6,245)
    • Stocks (904)
    • World News (460)
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: insidersadvisor.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 insidersadvisor.com | All Rights Reserved