Programme for Monthly Meeting of the SMS Stocks and
Shares Interest Group, September 2009
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SMS Tel: 6243-3965
Note: Our Chairman of Stocks and Shares Interest Group, Mr Ng Chee Seng, is still attending a course on Friday evenings
during August - September 2009, and has provided a DVD video entitled "Other People's Money" to be screened
on Friday 25 Sept 2009.
Date: Friday, 25 September 2009
Time: 1930 - 2130 hours
Venue: Lecture Room 3 (3rd floor), Bishan Community Club
51 Bishan Street 13, Singapore 579799
(near Bishan MRT Station)
Seminar Venue : http://www.sms.org.sg/template.jsp?p=my/SeminarVenue.html
Fee: FREE for SMS members ; $10 door fee for non-members ; $5 door fee for Passion Club members
Synopsis:
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Other People's Money is a 1991 drama/romantic comedy film starring Danny DeVito, Penelope Ann Miller and Gregory Peck.
Corporate raider Lawrence Garfield, a.k.a. "Larry the Liquidator" (Danny DeVito), always looking for the next big score,
puts his sights on New England Wire and Cable, a publicly traded company that is run by old codger Andrew "Jorgy" Jorgenson
(Gregory Peck) and is a major employer in a small town. Trying to stave off the takeover, Jorgy hires Kate
(Penelope Ann Miller), his stepdaughter, to stall Larry. Before long, Larry becomes involved in a complicated game
of cat-and-mouse in which he and Kate each struggle to maintain the upper hand. As he closes in on his goal --
taking over New England Wire and Cable, which he intends to sell off in parts and shut down operation - Larry has to decide
which he lusts after more: money or Kate.
An exchange of speeches between Garfield and Jorgenson at the company's shareholders' meeting is the climax of the film.
They provide an accurate and dramatic portrayal of two sides of an economic concept that Joseph Schumpeter referred to as
creative destruction. In Schumpeter's vision of capitalism, innovative entry by entrepreneurs was the force that sustained
long-term economic growth, even as it destroyed the value of established companies.
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Organised by Stocks and Shares Interest Group, SMS
