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Gordon Gekko is a fictional character and the main antagonist of the 1987 film Wall Street and the antihero of the 2010 film Wall Street: Money Never Sleeps,[2] both by director Oliver Stone. Gekko was portrayed by actor Michael Douglas, in a performance that won him an Oscar for Best Actor for the first movie.[3] He grew up on Long Island and went to City College. During the mid 1980s he had a rivalry with fellow corporate raider Sir Lawrence Wildman.

Co-written by Stone and screenwriter Stanley Weiser, Gekko is claimed to be based loosely on arbitrageur Ivan Boesky, who gave a speech on greed at the University of California, Berkeley in 1986, and real-life activist investor/corporate raider Carl Icahn. According to Edward R. Pressman, producer of the film, "Originally, there was no one individual who Gekko was modeled on," he adds. "But Gekko was partly Milken", who was the "Junk Bond King" of the 1980s, and indicted on 98 counts of racketeering and fraud in 1989.[4]

In 2003, the AFI named him number 24 of the top 50 movie villains of all time.[5]

In 2008, Gordon Gekko was named the fourth richest fictional character by Forbes who attributed him with 8.5 billion dollars.

Cultural symbol

Gekko has become a symbol in popular culture for unrestrained greed (with the signature line, "Greed, for lack of a better word, is good"), often in fields outside corporate finance.

On September 25, 2008, Michael Douglas, acting as a UN ambassador for peace, was at the 2008 session of the United Nations General Assembly. Reporters sought to ask him off topic questions about Gordon Gekko; "Douglas was asked whether he bore some responsibility for the behavior of the greed merchants who had brought the world to its knees thanks to his (aka Gekko's) encouragement." Trying to return to topic Douglas tried to "suggest that the same level of passion Wall Street investors showed should also apply to getting rid of nuclear weapons."[7]

The actor was also asked to compare nuclear Armageddon with the "financial Armageddon on Wall Street". After one reporter inquired, "Are you saying, Gordon, that greed is not good?" Douglas stated, "I'm not saying that. And my name is not Gordon. It's a character I played 20 years ago."[7][8]

On October 8, 2008, the character was referenced in a speech by the Australian Prime Minister Kevin Rudd in his speech "The Children of Gordon Gekko" concerning the Financial crisis of 2007-2010. Rudd stated “It is perhaps time now to admit that we did not learn the full lessons of the greed-is-good ideology. And today we are still cleaning up the mess of the 21st-century children of Gordon Gekko.”[9]

On July 28, 2009, Cardinal Tarcisio Bertone cited Gekko's greed is good slogan in a speech to the Italian senate, saying that the free market had been replaced by a greed market, and also blamed such a mentality for the 2007-2008 financial crisis.[10]

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