“Hedge fund guys do not create jobs, and we do,” he said. “On the movie we just made, we put 300 people to work every day. I’m talking about nice, regular people, and when we shot in a town, we’d put another 300 people to work. This is an industry that thrives; there are thousands of workers who make films. You want to see what happens if outside forces start to scare the industry and studios just make tent poles out of fear? You will see a lot of crap coming out.”
via George Clooney To Hedge Fund Honcho Daniel Loeb: Stop Spreading Fear At Sony – Yahoo! Movies.
Bravo. I have seen first hand how many, many local folks have gained again and again from the industry.
Loeb as a 7% share holder at Sony was advocating dissolving the entertainment portion of the company – without thought to the impact on the local economy or the history of the studio (used to be MGM) – Clooney also made a comment about hedge fund managers operating without conscience, or knowledge of the ebb and flow of the movie industry, both valid points!
Amen, Mr Clooney, Amen. Tentpoles, shmentpoles – they are important for the bottom line but with the “middle class” of movies already all but wiped out going any further in that direction would be disasterous for art, entertainment, and most importantly people’s jobs.
I’d like to say what Loeb and his ilk should go and do to themselves but, apparently Beguiling is rated PG!
Is it Mr. K? I have used some foul language here from time to time. Oops, apologies Ms. V!
Thank you, unknown force!
Well done Mr Clooney, well done!
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Dear Heather,
Nooooo! That was a joke! I like your occasional burst of justified “foul” language and I wouldn’t presume to speak for Ms V but I would imagine she does too. You’ve never said anything offensive, rather you can be funny and tart. 🙂 I’ve used some as well, artfully disguised! You’ve nothing to apologise for but I must for my “joke”. 😉
Dearest V
One might have thought by now that ‘hedge funds’ would be seen for what they are. Pernicious clubs of half educated oiks who have some how legitimated dangerous ego fuelled gambling habits by making the outcomes of their reckless behaviour truly consequential for ‘real’ people everywhere.
But no… the caravan rolls on.
Yours ever
The Perfumed Dandy
The word, mountebank, springs to mind. I wonder if anyone was brought to justice over the South Seas Bubble — or, was it perpetuated by rich men for the benefit of rich men who retained their vast wealth while the rest of the economy teetered? Why, I believe times don’t really change at all.