He should have known Gekko would have tried something like that with Blue star. In the back of his mind he should have thought Gekko could split this company up. he saw the games he was playing with Larry
"sticks and stones may brake my bones but whips , chains, leather and tight pvc excite me"
That's actually a good question, because Bud's angle to acquiring Blue Star was that he could revamp the airline to respectable profitability and compete with the big boys. To me that doesn't make sense in terms of Bud's aspirations because he's been making his money thru insider trading NOT taking the Lou Manheim approach of investing for the long haul.
I'm not an expert on the airline industry but even as a layman I know that it takes several years for an airline to be incredibly successful especially if it's in an already saturated market like North America. I guess Bud started to believe that his own B.S. that he was truly a genius and that his business of cheating was somewhat legit. Stone may have injected this plot point to show that the power of money eventually corrupts the soul and clouds your own judgment.
(¯`i´¯)´·¸.)‹^›
To me it is believable. He was young and ambitious to a fault. He got a taste of that life and felt that he could control it. It's like people who get into drugs. They think they can dance with the dragon and pull off what the last hundred guys couldn't. Just my opinion. Gekko was Bud's big life lesson.
"I've seen things in this city that make Dante's Inferno read like Winnie The Pooh."
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Fox admired everything Gekko had done and was doing until it touched Bluestar Airlines. Realistically, why would Fox have a reasonable expectation that Gekko would care about Bluestar Airlines like he did and would have any interest in the company besides making money. A quick $75 million or trying to run an airline that even Fox described as a half ass company being run by a half ass management.
Fox had heard enough of Gekko's quotes and life outlook that he should have known what Gekko would do.
Gekko told him that it was all about bucks and the rest was coversation, if you needed a friend, get a dog, etc. But he still expected Gekko to care about Bluestar like he did? And because he didn't, Fox took $2 to $5 per share from ALL shareholders, not just Gekko.
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If Bluestar Airlines was so important, why didn't Bud get morally indignant over Gekko's plans for Teldar Paper? Certainly Gekko's plans for Teldar involved a partial or complete liquidation and loss of jobs.
Fox was not just making a decision for himself when it came to Bluestar. He was making a choice for ALL of the Bluestar shareholders that they had to suffer and take this lower priced offer. What gives him that right? I guess the shareholder who would have preferred Gekko's higher offer was just a jerk?
Everyone invests with the intent of making money,of maxing out their gains relative to the amount of risks they are willing to assume, not because they want to provide jobs and providing artificial support to failing corporations. You say you are a stock trader but have no problem taking a $5 a share hit if it saves the company.
With that attitude, I wouldn't want you managing any of my money.
Bud started out with this idealized version of Gordan Gekko, that GG was this Buffettesque business genius. Then, he learned that Gekko was an inside trader who made most of his money illegally.
Instead of "saving his soul" at this point, Bud "sold his soul" to the "devil". Bud didn't give a rat's ass what might have happened to Anacott Steel or any of the other companies he and Gekko were buying into. Did Fox care about the fate of Teldar Paper's employees? Whether or not these companies were saved or liquidated mattered to Fox not at all.
Then, after buying into Gekko's world view and accepting all the perks that went with that, Fox tries to use Bluestar Airlines to convert Gekko to the Fox family world view, and gets all pissed off when he couldn't do it. Somehow, Fox saving his soul required him to manipulate Bluestar stock the way Gekko taught him, costing the shareholders $4 to $5 a share by forcing them into a lower priced offer?
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Fox was a hypocrite plain and simple. Gekko worked wonders for him.
shareBud thought (mistakenly) that Gordon would actually care about anyone other than himself. He thought Gekko would actually give him free rein to ruin the airline, when in reality Blustar was just another company to wreck for big gains.
Fox was naive & incredibly stupid. He saw the huge money he was bringing in (through dubious means of course) & lost his moral compass. Typical of many young people who are looking to move up the ladder.
Bud should've just *beep* off like Gordon told him to in the beginning.
You want to play the game, you'd better know the rules, love.
-Harry Callahan
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Half the reason Gekko took him under his wing was because he could tell he was naive enough to blindly trust Gekko
shareThe old expression hindsight is 20/20 applies in this case. At this point he had made Gordon Gekko a lot of money and believed he earned his trust. Bud Fox honestly thought he could turn BlueStar Airlines around. He should not have underestimated Gekko's greed, but he honestly did not see Gekko acquiring the company so he could sell it off piece by piece and pocket the $75mm.
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