Jordan builds a business empire by presenting himself as a polished entrepreneur and training his employees on effective selling techniques. After discovering the higher commission on penny stocks, he establishes his own firm, Stratton Oakmont, where he sells penny and IPO stocks with speculative returns. After a major market decline, he loses his job and goes to work for a small business selling penny stocks. Directed by Martin Scorsese, the film starts with Belfort as an entry-level stockbroker at a Wall Street brokerage firm, where he is schooled on their cut-throat selling techniques. The movie The Wolf of Wall Street follows one of Wall Street’s most infamous brokers, Jordan Belfort, who makes a fortune by defrauding investors out of millions. This black comedy shows Belfort’s rise to the high-life and excess of Wall Street, followed by a sharp fall involving crime and corruption – all while being seriously entertaining. The movie The Wolf of Wall Street is the true story of how rags-to-riches trader Jordan Belfort started with an OTC brokerage firm using pump and dump schemes, but eventually became a main player on Wall Street, where he launched the IPOs of several large companies. This article written by Marie POFF (ESSEC Business School, Global Bachelor of Business Administration, 2020) analyzes the The Wolf of Wall Street film. Entertainment media – such as films or books – are useful in this aspect as case studies they provide students with an organisational frame of reference to better understand both situational contexts, and importantly, the human dimension behind financial numbers. Instead, a contributing factor is that the teaching of finance and other business disciplines presents the challenge of linking theories and conceptual models to the “real world”. However, the ethical lapses often associated with finance are not always intentional. Film analysis: The Wolf of Wall Street ForewardĪ pervasive moral stigma follows the financial sector, which has a dogged reputation for unethical and illegal behaviour.
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