Wednesday, November 11, 2009

Where the Wild Things Are

Goldschläger and McDougal: A natural combo


Since we're coming right off an election, before I get on with my review of this film, I want my readers to join me in pouring out some Goldschläger in memory of former New Jersey Governor John Corzine. This guy was a great friend of mine at Goldman Sachs and at Harvard, and an upstanding capitalist. This man knows how to get things done, and knows where a billionaire's place is--in a position of power, preferably one where he can preserve that power and extend it nepotistically. God bless America.

Corzine truly was the Berlusconi of the US. What are we going to do without more people like him in office––people who understand the people of our country (and how much better than them the rich are! Ha!). Oh, that's right, I guess we still got Bloomberg (mayor of New York), Senators Claire McCaskill (D-MO), Sheldon Whitehouse (D-RI), Bob Corker (R-TN), Jim Webb (D-VA), John McCain (R-AZ), John Kerry (D-MA), Ted Kennedy (D-MA), Jeff Sessions (R-AL), Gordon Smith (R-OR), Olympia Snowe (R-ME), Lamar Alexander (R-TN), Tom Harkin (D-IA), Richard Shelby (R-AL), Steve Pearce (R-NM), Johnny Isakson (R-GA), Bob Bennett (R-UT), Ben Nelson (D-NE), Herb Kohl (D-WI)... I can go on all day, but basically a full 40% of the Senate is comprised of millionaires like me. I guess I feel like my interests are pretty well-represented. I don't know why the US even bothered changing the system of governors appointing Senators in 1913--it hasn't seemed to change the composition! Thanks, America, for recognizing that the rich truly are better than the rest of you poor fucks!


Anyway, back to the movie. Where the Wild Things Are is a cute little parable about offshore tax havens. The protaganist, a sprightly young investor named Max, chances upon an island populated by exotic natives with no minimum wage laws, and apparently no corporate or property taxes either. Using his Western business acumen*, our hero puts the Wild Things to work doing various sorts of menial jobs, bringing the American value of hard labor to the unenlightened natives. (Apparently they don't have union laws on their island! Sounds like paradise to me.)

Max, the de facto company president and primary investor on the island, wearing his CEO crown.

Things start to get kind of messed up when it turns out Max ain't worth his shit as a manager. While the Wild Things are toiling away building Max's new condo complex, typical employee troubles start to simmer up. Max attempts some new-agey remediation and group therapy B.S. (whereas a wise manager would lay them off and outsource the job). Of course, his attempt fails, and Max is forced to abandon his condo-building dream and return empty-handed to his mom's house.

For the younguns, it's a good story about first investments, how they can go wrong, and how important managerial skills are, particularly when exploiting foreign laborers who aren't familiar with the American ideals of mindless wage slavery (which reminds me, retail's looking good right now, i.e. Wal-Mart WMT: 53.62 and Kohl's KSS: 54.46. Invest while wage slavery's still hot in the recession!). Trust-funders like my own kids will appreciate the film for its end moral: If an investment goes sour, you can always come crawling back to mom and dad.

RATING: $$$$$ ($4 USD / $5)
BUY: Wal-Mart (WMT), Kohl's (KSS)
SELL: offshore investments on islands with unenlightened natives


*note that this article has Harvard Business School jargon throughout that non-MBA grads might not understand. Though if you don't have an MBA, you probably shouldn't be reading this movie blog in the first place.



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