Premium Essay

Margin Call

In: Film and Music

Submitted By reyronaldo9
Words 705
Pages 3
Margin Call
J.C. Chandler’s 2011 film Margin Call examines the actions of an investment firm’s key decision makers during the earliest stages of the most recent financial crisis. Chandler does a good job with the characters of this movie he isn’t necessarily looking for a villain in a mess like this nor any lengthy explanations; he’s going deeper than that. He goes more for societal costs of high finance, the power of self-rationalization, and the easy embrace of personal corruption. The movie is filled with business lessons that go beyond the investment world. One theme of the film centers on business ethics and whether personal interest should trump customer/employee investment.
Clearly, the decision made by John Tuld and senior management demonstrates that everybody is out for themselves. Personal investors are at the mercy of the individuals and the firms they invest with. The ease with which Tuld makes his decisions is scary to any business ethical viewer. With unqualified statements such as, “its just money” the audience begins to understand that the financial system can be an unfair game.
In contrast Peter’s boss, Sam Rogers’ ethical implications of how the company plans to resolve its problems are almost more than he can handle. Sam stumbles upon the issue triggering the crisis, it’s one thing to be shocked at the ramifications of what’s about to unfold. But it doesn’t mean one’s outrage can’t be set aside when personal survival is on the line, an attitude that he quietly maintains but isn’t afraid to tap when the need arises.
Moral ethics are thrown out the window in order to salvage a firm that has taken on too much risk in order to increase profits and inflate employee earnings. Management is willing to do whatever it takes to save themselves and protect their personal assets. This includes liquidating entire departments, and ruining the…...

Similar Documents

Premium Essay

Call

...The Call Triangle: student, teacher and institution Learning register variation. A web-based platform for developing diaphasic skills∗ Adriano Allora, Elisa Corino and Cristina Onesti Dipartimento di Scienze Letterarie e Filologiche - Università di Torino Via Sant’Ottavio 20, Torino 10124, Italy Abstract The present paper shows the first results of a linguistic project devoted to the construction of web learning tools for reinforcing sensitivity to diaphasic varieties and for learning style variation in L2/LS learning. Keywords: L2/LS learning; style variation; web based platform 1. Introduction This paper aims at presenting a project analysing formal varieties of European online languages, working on a suite of Net Mediated Communication (NMC) corpora and studying lexical, discourse and macro-syntactic phenomena. The practical implications of the studies aim at developing freely available resources devoted to L2/LS learning and the development of a web-based delivery platform. 2. The VALERE project The project (‘Varietà Alte di Lingue Europee in REte’: Formal Varieties in Newsgroups of European Languages: Structural Features, Interlinguistic Comparison and Teaching Applications) aims at investigating the wide range of formal language in some main European languages with particular attention to NMC. The research is based on the NUNC (i.e. Newsgroup UseNet Corpus1), a collection of corpora created from newsgroup messages implemented at the......

Words: 1730 - Pages: 7

Free Essay

Call

...share your feedback on your experience with our services, please call our toll-free number, 1-800-227-2345 and tell the Cancer Information Specialist that you would like to share your thoughts. Please know that we are always here to help. We invite you to also contact us at 1-800-227-2345 24 hours a day, 7 days a week, to access to cancer information, American Cancer Society programs and services, and other community resources that may be of assistance to you. You may also access our website at www.cancer.org. Our Cancer Survivors Network that can be reached through our website provides a way for patients, survivors, and caregivers to connect with others who have been touched by cancer and to gain support and knowledge through the sharing of similar experiences. Also through www.cancer.org, you can find our newest online support Circle of Sharing™, which helps cancer patients and their caregivers get personalized information about their diagnosis, and share that information with family and friends. In addition, the California Division offers monthly I Can Cope program, free educational/support classes for cancer patients/survivors and their caregivers via teleconference calls on topics such as fatigue, pain, nutrition, finances, etc. These calls can be taken from home, office, or any other place convenient for patients, survivors, and caregivers only. For more information or to register for these classes, call 1-800-227-2345. We look forward to hearing from......

Words: 330 - Pages: 2

Free Essay

Call Money

... Purpose of Call Money Market Characteristics • Maturity: The maturity of the call money market instruments are varying between a day to a fortnight. As it consists with the day-to-day surplus funds, so its payable on demand at the option of either the lender or the borrower. • Liquidity Nature: All the instruments of this market are highly liquid and their liquidity being exceeded only by cash. • Yield: It includes the rate of interest paid on call loans and its also known as Call Rates. The call rate is highly variable from day to day and often from hour to hour. It may vary from centre to centre also. It is very sensitive to the changes in demand for and supply of call moneys. • Location of Transaction: The call money market is mainly located in big industrial and commercial centers. • Volume of Call Money to be Transacted: The volume of call loans depends on the extent of deposits accrual, the possibility of quick investment in and liquidation of other money market instruments, timing of advance tax payments and seasonal fluctuations in demand for credit etc. • Risk: This includes the flexibility of call money rate. As it is volatile in accordance with the difference in Trading Centers & Bank Rate so any removal of ceiling in these centers, the call money rate is supposed to be fluctuated widely. Beside these, the large amount of borrowings by banks an certain dates to meet CRR requirements, overextended...

Words: 5856 - Pages: 24

Premium Essay

Profit Margin

...Profitability Indicator Ratios: Profit Margin Analysis In the income statement, there are four levels of profit or profit margins - gross profit, operating profit, pre-tax profit and net profit. The term "margin" can apply to the absolute number for a given profit level and/or the number as a percentage of net sales/revenues. Profit margin analysis uses the percentage calculation to provide a comprehensive measure of a company's profitability on a historical basis (3-5 years) and in comparison to peer companies and industry benchmarks. Basically, it is the amount of profit (at the gross, operating, pre-tax or net income level) generated by the company as a percent of the sales generated. The objective of margin analysis is to detect consistency or positive/negative trends in a company's earnings. Positive profit margin analysis translates into positive investment quality. To a large degree, it is the quality, and growth, of a company's earnings that drive its stock price. Formulas: |[pic] | |[pic] | |[pic] | |[pic] | Components: |[pic] | |[pic] | |[pic] | |[pic] ...

Words: 582 - Pages: 3

Free Essay

Call

...something that is right for once… I can’t do it by myself… I promise I’ll let go… So, please give me a chance… Just one more chance… Ryo opened his eyes. He was lying down, where he couldn’t tell. He wasn’t able to move. His left foot was stucked on something. He felt so much pain. He runs his hand through his head which covered with fresh blood. Before he could remembered what had happened, something caught his eyes. It was his cellphone, lying beside his head. His chance… He force himself to move and took the cellphone. He turned it on with all the strength that he had left, and pressed the button. He was half conscious while doing that. But something in his heart give him the power to do it. he was making a call. The one important call. “Hello..” the voice that Ryo loved the most. It warmed him and healed all of his pain that he felt before. “shi..ge…” Ryo wasn’t in a position to talk, but he had to. He need to. “Ryo? What’s wrong? You sounded weird” Shige began to worried. Despite the fact that they just had a fight, Shige still love Ryo. And Ryo’s voice right now make his heart beats faster. There’s something wrong about Ryo. He could tell. “I’m sorry..” Ryo’s voice was so weak, Shige could barely heard him. “what? Ryo? What happened?? Are you hurt? Where are you? I’ll be there right away!” that makes Ryo let go a small and weak chuckle. He’ll be missing him. “no need for you to come here..i..don’t..have much…time..” Ryo began......

Words: 755 - Pages: 4

Premium Essay

Profit Margin

...Profit margin From Wikipedia, the free encyclopedia Profit margin, net margin, net profit margin or net profit ratio all refer to a measure of profitability. It is calculated by finding the net profit as a percentage of the revenue.[1] \mathrm{Net\ profit\ Margin} = {\mathrm{Net\ Profit}\over\mathrm{Revenue}} where Net Profit = Revenue - Cost profit percentage is calculated with cost price taken as base. Profit margin is calculated with selling price (or revenue) taken as base. Profit margin is the percentage of selling price that turned into profit, where as profit percentage is the percentage of cost price that one gets as profit on top of cost price. So while selling something one should know what percentage of profit will he get on a particular investment so companies calculate profit percentage to check what is ratio of profit on the basis of cost. The profit margin is mostly used for internal comparison Suppose you buy something for $100 and sell it off for $150. cost price = $100 selling price (revenue) = $150 profit = $150 - $100 = $50 profit percentage = 50% (profit as percentage of cost price) profit margin = 33.33% (profit as percentage of selling price or revenue) The profit margin is mostly used for internal comparison. It is difficult to accurately compare the net profit ratio for different entities. Individual businesses' operating and financing arrangements vary so much that different entities are bound to have different levels of expenditure, so...

Words: 299 - Pages: 2

Premium Essay

What Is the Difference Between Gross Margin and Contribution Margin?

...What is the difference between gross margin and contribution margin? Gross Margin is the Gross Profit as a percentage of Net Sales. The calculation of the Gross Profit is: Sales minus Cost of Goods Sold. The Cost of Goods Sold consists of the fixed and variable product costs, but it excludes all of the selling and administrative expenses. Contribution Margin is Net Sales minus the variable product costs and the variable period expenses. The Contribution Margin Ratio is the Contribution Margin as a percentage of Net Sales. Let's illustrate the difference between gross margin and contribution margin with the following information: company had Net Sales of $600,000 during the past year. Its inventory of goods was the same quantity at the beginning and at the end of year. Its Cost of Goods Sold consisted of $120,000 of variable costs and $200,000 of fixed costs. Its selling and administrative expenses were $40,000 of variable and $150,000 of fixed expenses. The company's Gross Margin is: Net Sales of $600,000 minus its Cost of Goods Sold of $320,000 ($120,000 + $200,000) for a Gross Profit of $280,000 ($600,000 - $320,000). The Gross Margin or Gross Profit Percentage is the Gross Profit of $280,000 divided by $600,000, or 46.7%. The company's Contribution Margin is: Net Sales of $600,000 minus the variable product costs of $120,000 and the variable expenses of $40,000 for a Contribution Margin of $440,000. The Contribution Margin Ratio is 73.3% ($440,000 divided by......

Words: 269 - Pages: 2

Free Essay

Margins

...MILITARY SPENDING If society has a fixed amount of money to spend on goods and services, buying one type of good or service means we sacrifice the opportunity to buy others. In this example, $100 billion can pay for the war in Iraq or 13 million children enrolled in Head Start programs. To see this idea in another way, suppose that your state legislature, in an attempt to make college more affordable, gives each full-time college student $500 to offset the cost of textbooks. The state now has less money to spend on the other goods and services the state provides, such as police patrols and highway maintenance. So, the true cost of the $500 per student may be that fewer potholes are repaired on state highways. How do firms think at the margin? APPLICATION 3: THE MARGINAL BENEFIT AND MARGINAL COST OF SPEED This Application considers whether a driver should drive faster than their current speed. The marginal benefit of driving 1 mile per hour faster is that you will arrive at your destination more quickly. The marginal cost is the increased likelihood of injuries and accidents, not to mention speeding tickets. If the marginal benefit exceeds the marginal cost, a driver should speed up. The Application also highlights unintended outcomes of auto safety equipment. If the marginal cost of driving faster is reduced by increased safety equipment, rational drivers will increase their speed, which may lead to an undesirable result for bicyclists on the road A......

Words: 709 - Pages: 3

Free Essay

Margin Call

...Margin Call Margin call is an independent drama film of a investment bank firm that takes place over a 36 hour period after discovering a huge financial crisis that is about to occur. Each character takes part in a story that shows their emotions and actions of how to handle an economic downturn. In the beginning of the movie, many of the employees are being laid off and that includes Head Risk Manager, Eric Dale. Before he leaves, he hands Junior Risk Analyst, Peter Sullivan, a USB of his project he has been working on and tells him to “be careful”. Peter later continues on the project that Eric Dale hasn’t completed and then reaches a conclusion that is very problemental to the firm and economy. The mortgage-backed securities which they possess are losing value which will be detrimental to the firm. Peter cannot reach Dale so instead contacts, Seth, Junior Risk Analyst, and Will, Head of Trading, to take a look at his outcome. Soon, this problem is discovered and all the head of the company, including Chief Executive Officer, John Tuld, is forced to have a meeting at 3 in the morning to discuss what actions should be taken. They are conflicted on a solution to save the company but need to do whatever it takes. After a discussion, they then reach a conclusion to sell off toxic securities before the news spreads of their worthlessness. The market opens and they are capable of selling the assets at a discounted price even though many clients are suspicious and will...

Words: 2037 - Pages: 9

Free Essay

Call

...for Sykes are. Click this link to review our basic requirements; your specific job may have additional requirements needed https://jobs.alpineaccess.com/work-home/work-home-overview/home-office-requirements/ Question #2 In your own words please describe Project Blue Sky? (please use Google to find this answer) Question #3 Please describe a time when you had a call from an unhappy customer, what steps did you take to turn that call around? Step 3: 5-10 minutes PRIOR to your scheduled interview, please click on the link below using Internet Explorer or Mozilla Firefox: http://alpineaccess.adobeconnect.com/interview23 Step 4: You MUST choose “Login as a Guest” and enter your First and Last name that appears on your profile. If you do not follow these directions, you will not be admitted into the room to complete the interview. If you attempt to login with a user name and password, you will not be allowed access, and will receive several error messages. If you are unable to attend your interview, please ensure you cancel your interview 30 minutes prior to the start time, to ensure we do not mark you as a “No Call No Show”. Thank you for scheduling an interview for SYKES! If you have any questions or concerns, please reach out to us via your support page by clicking on the help envelope located at the top of the page. We look forward to meeting you!...

Words: 618 - Pages: 3

Premium Essay

Margin Calls Reflection

...I was told to behave ethically when I was young. I thought being ethically was pretty easy. Because all I need to do is to do right thing. At that time, doing the right things means to help others, not tell lies to others, and protect the environment…there’s not an obscure definition of doing the right thing. However, as being a college student who will be graduating and entering the society, I found not that I’m not sure how to do the right things, sometimes I don’t even know what the right thing is. The movie Margin Call is a good example of an ethical dilemma that we may face when we enter the real world. We can see that different characters have different perceptions of what is right to them. The whole movie was based on the true stories in Wall Street back in 2008. Contrast to other financial crisis movies, the movie Margin Call particularly emphasis on the describing the brutal competition and the ruthlessness of people when facing the possible financial crisis. The character that resonates with me the most is Sam Rogers, I think I can feel what he feels because he is definitely the one who is struggling thorough out the story. I think he is just one of us, he is just a normal man. When we facing ethical dilemmas, we are definitely not the ones who stand out and choose to do the right thing immediately. We always have to fight with ourselves. Which choice is better for my own profits? Which choice would be the right? Do I suffer losses by making the right choice?......

Words: 654 - Pages: 3

Premium Essay

Margin Call

...Margin call is an american movie, realizd by JC Chandor in 2011 The story This movie explains how crisis in 2008 happened in a financial institution in New York. The company exists since 137 years with John Tuld as the Chief Executive Officer. The leader of trading operation is Sam Rogers. He is in the company since 34 years. First of all, there is the layoff of Eric Dale, the financial analyst. We can see a comparison with Lehman Brothers when bankers leave the company with a case under arms and the telephone line were cut instantaneously. While Dale is being escorted out, he gives Peter a USB memory stick with a project he had been working on, telling him to "be careful" just as he boards the elevator. During the night, Sullivan finishes Dale's project and discovers that current volatility in the firm's portfolio of Mortgage Backed Securities (MBS) will soon exceed the historical volatility levels of the positions. Because of excessive leverage, if the firm's assets decrease by 25% in value, the firm will suffer a loss greater than its market capitalization. He also discovers that, given the normal length of time that the firm holds such securities, this loss must occur. Sullivan alerts Emerson, who calls floor head Sam Rogers. The employees remain at the firm for a series of meetings with progressively more senior executives, including division head, Jared Cohen, the chief risk management officer, and finally CEO John Tuld. Cohen's plan is for the firm to quickly...

Words: 1002 - Pages: 5

Premium Essay

Marketing Margins and Costs

...Marketing Costs And Margins By performing certain functions and services, various marketing organisations and agencies make it possible for commodities, produce and products to move from producers to consumers. However, these functions incur costs, often of considerable magnitude. Discussions on margins and costs usually include the topic of marketing efficiency. An efficient marketing system is one capable of moving goods from producer to customer at the lowest cost consistent with the provision of the services that customers demand. Once the costs involved in marketing have been identified then means can be devised to make the system more efficient. Increases in efficiency can be achieved in a variety of ways: by increasing the volume of business using improved handling methods, investing in modern technology, locating the business in the most appropriate place, implementing better layouts and working practices in production, improving managerial planning and control and/or by making changes in marketing arrangements (e.g. through horizontal or vertical integration). Objectives Of The Chapter The chapter is aimed at enabling the reader to:- * Understand what the term marketing efficiency means and the varied forms it can take * Distinguish between marketing efficiency and marketing effectiveness * Identify the factors which influence the level of efficiency and level of effectiveness of a marketing system, and * Determine how marketing costs and margins......

Words: 12535 - Pages: 51

Premium Essay

Unplanned Event and Events at the Margin

...Introduction This essay is written by an author that agrees that unplanned event and events at the margin should be concern. The essay will begin with the author’s point of views in regards toward unplanned events and events at the margin with possible outcomes using examples. Subsequently some examples of planned events will be also illustrated by the author to compare between planned and unplanned events. At the end of this essay, the author also provide some recommendation to solve the issue with unplanned events and events at the margin if they happen. In event studies, events is defined as an occurrence that only happened at a specific time and location due to a certain circumstances. These can be classified into three types of categories which are unplanned events, events at the margin and lastly planned events. Unplanned event Firstly the definition of unplanned events by the author is events that happened unexpectedly without any form of planning beforehand. Due to the result that this events do not have any planning, thus the outcome can be dangerous and unpredictable. The only unplanned events that is not involve in events studies would only be classified as accident and natural disaster. The purpose of these unplanned events is self-defined and most of the time the people who are involved in it are unclear about the intention. Once these events have been set in motion without any management, the result can be unpredictable and dangerous as there is no......

Words: 1171 - Pages: 5

Free Essay

Call Money

...Lesson 4 Call Money After reading this lesson, you will be conversant with: Participants and Purpose of Call Market Developments in Indian Call Market Role of Reserve Bank of India Call Markets in Other Countries Treasury Management: Theory and Practice Introduction The call money market is a part of the money market and refers to the overweight funds lent and borrowed, mostly by banks for daily liquidity management. Call/Notice money is an amount borrowed or lent for a very short period. If the period is more than one day and up to 14 days it is called „Notice Money‟, otherwise the amount is called „Call Money‟. Under call money market, funds are transacted on overnight basis and under notice money market, funds are transacted for the period between 2 days and 14 days. The call money market is most liquid of all short-term money market segments and it is also the most sensitive barometer measuring the liquidity conditions prevailing in financial markets. The call money is the money repayable on demand. The maturity period of call loans varies between 1 to 14 days. The money that is lent for one day in call money market is also known as „overnight money‟. The number of days is specified and the call money has to be repaid on the due date. The intimation for repayment enables the borrower to arrange the money on the due date and the duration of notice money is similar to that of call money i.e., up to 14 days. Therefore, the notice money is not seen in the market.......

Words: 12806 - Pages: 52