“Become an employee of this firm, you will make your first million within three years.” These words were spoken by one of the main characters in the movie Boiler Room. This man was ecstatic because of all of the wealth that he created by pulling the metaphorical stock market wool over his clients eyes. In Boiler Room many aspects of ethical and unethical business are both directly and indirectly depicted. In the movie the company J.T. Marlin that most of the main characters worked for was based on cheating the public. The proceeding paragraphs will expand upon, in detail how this company was based upon money over morals and the dilemma the main character was faced with when he discovered the illegal operation.
The company was far from Wall Street. This company was ran as a high class firm. It was an illegal operation selling fake stock for large profits. In some ways it was a monopoly because it was the only business that is selling the stocks in Pharotech. J.T. Marlin brought in youth with no experience and then trained them to sell stock. The new employees started as trainees and after
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He lied and cheated them out of money. He was not being responsible for the common good of the people he was interacting with on a business level. After this cycle continued for a short period of time, they would quit dumping money into the stock and would let its value drop to nothing leaving the company with all the money. broker they established their own accounts and begin making profits for themselves. Marlin received lists of people called leads who were somewhat affluent. He promised the client he would show them raises in stock points without dropping but this was really a Nudum pactum, which is, a naked promise-one for which no consideration has been given. He came to the dilemma of choosing money over morals which put weight on his conscious. People in our society today do not follow business ethics as a guideline for success. Marlin he came to the realization that money is not more important than morals. His choices brought his father into the paradigm where his job was at risk. After opening forty accounts they were promoted once again to Sr. They would keep selling the stock to increase the price to create profit for the stockowners.
Approximate Word count =
760
Approximate Pages =
3 (250 words per page double spaced)
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