...It's going to come up in conversations where people will say do you remember when
The closing of California's IndyMac Bank has resulted ...
...in what could turn out to be the most costly bank failure in U.S. history
The DOW has dropped more than 800 points and it's not clear the crisis is over.
Last night there was an emergency meeting in Washington.
The leaders of Congress were told the nation's financial system ...
...was facing an imminent collapse.
53,000 City Group workers are losing their jobs.
Company Men
Subtitles by josmndsn
Good morning.
Hi.
Hey, do I get any message?
Willcocks want to see you. She's in the fifth floor conference room.
I shot one an 86 at club this morning.
She said it was important.
Sally Willcocks thinks everything is important. Thanks.
Can anyone take a guess at what I shot at the club this morning?
Go ahead, take a shot.
No?
44 on the front and 42 on the back.
Ooh, no you didn't, Bob! Yes, I really did.
It's true.
What happened? Did someone die?
Conal?
They closed Mobile and Newport News.
They merged Ship Systems with Rail Products.
How many?
Conal, your wife is on the phone.
Hi, Honey. - Three thousand at the shipyards.
Rumor is another couple hundred here here.
Honey, I've got some bad news.
What's going on?
Bobby, you know Dick Landall from legal.
The company is consolidating divisions.
Difficult decisions had to be made in areas where redundancies surfaced.
We have structured a generous severance package for you.
Your 12 years with us has entitled you to 12 weeks of full pay and benefits.
- You're firing me? - Come on, Bob, sit down.
We're also offering you out placement services ...
...to help you secure your next employment.
- Does Gene know about this? - Please sit.
You know what, Sally?
Fuck off!
- Is Gene in here? - He's in Chicago today.
We've reviewed our pipeline of some 500
projects and programs. Focusing on those...
...with significant marketing opportunities and jetisoning...
...everything that won't contribute immediately to our profitability.
Selecting 37 as promising strategic growth programs ...
and setting aside the rest for future consideration.
Ned Haspel, JP Morgan.
Mr. McClary, you were talking earlier about of fiscal 2011 ...
...you've done a good job of convincing us that with credit markets frozen
your sales revenue in 2010
...was slow. - Great, my job here is done!
Can you talk about 2011 and what sort of a percentage increase you anticipate?
We all like to talk about percentages, Ned. Your people do, our people do.
Are you suggesting that you aren't expect- ing any growth in your division next year?
I am suggesting that we faced increased foreign competition ...
...in a difficult credit market for large capital expenditures ...
...like shipbuilding.
So ... no growth in 2011?
I am confident that while shipbuilding will remain challenged ...
...the rest of the transportation systems group will continue to make significant ...
...contributions to growth of GTX in the coming quarters.
Yes, in the back.
Honesty is the best policy?
Christ, could you just try to be a little less candid for once?
According to the analysts and our new profitability plan.
You want more inflated guidance so we can underperform in all four quarters again
next year? - 2011. I'm worried about our share price tomorrow.
Salinger is going to blow a fucking gasket.
Aah, shit.
- Yeah. - Had they ...
...say, who else is on the block?
Thanks for the sympathy, Phil.
- I'll call you later, okay? - Okay.
- Did they say anything about me? - What?
About my still having a job?
Ya know, I didn't ask.
- I've been trying to reach you. - This damn thing's dead.
- Recharge it for me, will you. - Phil's in there.
Make yourself right at home, Phil.
I won't go back to the factory floor.
- I have a kid in college. Another going in the Fall.
- What the hell are you talking about?
You're shitting me! Does he not know!
Sally Willcocks let some more people go.
Some! She fired goddamned everybody!
- Did she fire you? - No, but I've been hiding in here all day!
They closed Mobile and Newport News.
Laid off most of the ship systems sales group.
I won't let the bastards just kick me out after 30 years.
I'll take an AK-47 to this fucking place first.
What are you going to do, let me read about it in tomorrow's journal?
- We're in the middle of something, here. - You closed two of my shipyards!?!?
Consolidating divisions has been under discussion for months.
Yeah, I told you it was a shitty idea.
- And we took that opinion into consid- eration. - It's my goddamned division!
It's my goddamned company!
Will you excuse us for a moment, please.
- What are you doing embarrassing me like that. - Embarrass you?
I'm gone one day and you gut one of my divisions.
Stock is stalled, the revenues are flat.
The whole economy is flat, we are in the middle of a recession.
I only closed two of the shipyards. I should have closed all three of them.
- Stock is in the fucking toilet! - Everybody's stock is in the toilet.
Well, the shareholders would like to see their share value maximized.
Well, sell the fucking DeGas. Hmmm.
Well now, I heard you put on quite a show in Chicago.
What'd you do. You told a room full of analysts
you weren't going to generate any growth next year.
Three thousand jobs?
Gene, we're not some shitty little shipyard anymore!
I'm not going to keep pouring money into a losing operation.
We innovate, we retool ...
American heavy manufacturing is dead.
Steel, alloys, the price of shipbuilding.
The future is health care infrastructure and power generation.
I have to be involved in any decision that affects one of my divisions.
You wouldn't have approved the cuts.
You go behind my back to the Board again, right.
They were good people, Gene.
Not our responsibility.
We work for shareholders now!
Your dad's home?
Yes
Can you grab the rest of these out of the trunk?
Hi.
- What are you doing home? - Making dinner.
- We're going over to Jack. - Tonight?
Dierdre's birthday.
- I think it's going to rain. - If you do not want to come, fine.
Don't come.
Thanks, Drew.
Drew, could you finish that upstairs, please?
Put on clean pair of jeans, please. We're going to your Uncle Jack's for dinner.
Christ, you don't have to like him. But, you can pretend, for my sake.
Yeah, but at least he cares enough about me not to treat you like a piece of shit.
They fired me.
- What? - They fired me,
today.
- Sally Willcocks. - Why?
Something about redundancies.
- Gene said that you were safe. - Gene said a lot of things.
He was nowhere to be found, today.
Bobby, you busted your ass for them! No, no, I'm sorry, fuck them ...
...and fuck Gene McClary with all his promises!
Something is burning.
Hey, I a ...
...don't want to tell anybody, ya know, until I get another job.
All right?
Hey.
Where is your mom?
Headache. - Ah.
Oh, Dad! They announced where we are going for our Senior Trip.
- Italy. - Italy?
Wow, ... Boy, that's great.
I can go, right?
Of course, sweetheart.
- Phil. - Yeah.
Oh God.
Aunt Dorothy ... called. They fired Conal.
- Are you okay? - Yeah.
- I should get ready. - For what?
The Salinger's dinner.
- I completely forgot. - You don't have to come if you're not feeling up to it.
Just give me a minute. I'll put my face on.
Gene, where have you been? The car is picking us up in half an hour.
I really don't want to be late, again. Could we try not to to be late again?
Stephany finally found a table for the window. I like it.
George Hepplewhite ... fruitwood table
...with paint and inlay decoration. Circa 1820 $16,750.
I'm coming.
Hello.
- Hello. - How are you?
- How go the Walkers, Bobby? - All right, Jack.
They move any more high paying American jobs off shore this week?
Mostly folks that are union busting now.
I'm surprised you could make it. No early flight? No early golf game?
Those are the usual excuses, aren't they?
- Hey, Bobby. - Hey, birthday girl.
I can not believe you're 35. You don't look a day over 21.
Oh, see Jack, that's how it's done.
You're a liar, Bobby but I love you for it.
- You need to get back to your post BBQ chef. - All right.
Why don't you grab yourself a drink, Bobby. We got margaritas in the blender...
...we got some beers out back in the cooler.
Thanks.
Now, that's play action!
And who better to introduce this year's Man of the Year award ...
...than the man who's known him longer. Gene McClary is executive vice president
of GTX, Global Transportation Systems, he is also, I am told, one of GTX's...
...first employees. Gene McClary.
Thank you.
Actually, if my memory serves me, I was GTX's only employee at the time.
Nobody wanted Glouster Shipbuilding. Years of multibillion-dollar losses.
Highest labor costs in the industry. But, from those humble beginnings...
Jim was able to grow Glouster into GTX ...
...With 60,000 employees and $11 Billion ...
...in gross annual revenue.
So it is my privilege to introduce my ... oldest friend, ...
...College roommate ...
...Best Man at my wedding and the worst tennis player I ever met.
Ladies and Gentlemen, my boss, Jim Salinger.
Thank you, ladies and gentlemen. Undoubtedly Without a doubt, you don't build a ...
company like GTX withyout the support and leadership of a man like Gene McClary.
Executive office.
Hi, Bobby Walker, GTX.
Down the hall.
Nice suit.
- Thanks. - Orientation?
- Yeah - That way.
- Thanks. - Do 'the tiger' for me.
- What? - Down the hall.
Thanks.
First, let me tell you what we are not.
We're not an employment agency.
We're here to help you help yourself.
Now, you all need to put together a networking list of all your friends ...
...That's suppliers, competitors, ...
...People you sat next to at a convention ...
...Neighbors, dentists, anybody, and everybody.
You need a new resume. You're going to sending out hundreds, so make it good.
Endings.
We're not used to them. Fear. Anxiety. Loss.
How many of you are feeling these things?
Endings. Fear. Change. And finally ...
Success.
Okay, everybody up. No use sitting around feeling sorry for ourselves. Up. Up.
This is called "The Tiger", we do it when we need to get our energy up...
I ... will ... win.
Why? I will show you why...
because I have faith, courage, enthusiasm. Everybody, this time.
- No thanks. - I will win.
Why? Because I have faith, courage, enthusiasm.
Good. I will win.
Did Bobby Walker call back?
- Yeah, last night. - Did he leave a message?
- Not one I can repeat. - See if he can come by for lunch today.
Stock's up six. Not bad.
My 401k is all GTX.
If this continues, I may get to retire before I'm 80.
With Ship Systems and Rail Products merging, we are reassigning ...
...sales regions.
How are we doing with Royal Caribbean?
They're nervous. Don't like seeing us on Bloomberg every fifteen minutes.
Well, calm them down. We need that boat.
How are we suppose to cover the same numbr of accounts with half the staff?
I'm already gone two weeks out of four?
- What am I supposed to tell my kids? -Tell them you're lucky you still have a job.
Inactive accounts.
I want to know what we're going to do to get the business back. Client by client.
It's taken.
Okay.
Hey.
- Come in here. - Thanks.
Appreciate it.
- Friendly bunch. - You are the enemy.
Another warm body they got to claw their way over ...
...to get back to the corporate feeding trough.
Yet, you're not threatened.
I'm a very secure individual. Besides, you do not look like an engineer.
- MBA? - Yeah.
You know you're on a guided missle system
Your previous employer has spared no expense.
Fax machine, xerox, coffee.
- How was orientation? - I felt like someone was going to shave ...
...my head and make me beat a drum.
What do you got to do to get yourself in one of those offices?
The companies have to pay extra for one of those.
Exec VPs and above, mostly.
Corner one has an Eastman Kodak CFO in it.
How long they give you?
Three months, full salary, four months out placement. How about you?
Nine months of both.
- What I been here for - It won't take me more than a few days.
No offense.
None taken.
Sorry I'm late.
- How are you holding up? - Good.
Maggie all right?
Yeah, she's great, we're fine.
A gimlet on the rocks.
It wasn't my call, Bobby.
Salinger is under a lot of pressure to boost the stock price ...
...before somebody buys in and makes them break up the company.
We'll lose a lot more jobs in a merger than we have in this downsizing.
Are you trying to appealing to my sense of the greater corporate good?
I've been calling in some markers. Tom Borden over at Lockheed...
Pat Leahy at Raytheon. You'll recognize most of them.
Come on, let's get something to eat.
I lost my my appetite.
Take the list, Bobby.
Don't bother reassigning my accounts.
I'm going to steal them back from you when I get a job with the competition.
- Hey. - Hey.
- How did it go? - Great.
- Yeah? - Good
I lunched with Gene. He gave me some names.
That's big of him.
- I mean, he didn't have to do anything. You know - Yeah.
So, what is all this?
Uh, our mortgage is resetting next month.
With that and paying off the orthodontist, and last summer's Disneyworld trip ...
- we don't have much of a cushion left. - We don't need a cushion.
Car payments, credit cards, sports tickets...
I told you, I'm splitting the tickets with Darrel this year.
Okay, well, just eating out and doing the damn dry cleaning is costing us $600 a month.
- I was thinking maybe I could go back to work. - Uh, uh.
But, not full-time, just a few shifts per week.
No.
TREM needs a new general sales manager. I called Bryan Collins about ...
...breakfast with him next week. - OK, Well, we're going to need to cut back..
Cancel skiing at Christmas ... stop paying the club dues for a while.
If things get really bad, I could bag groceries ...
...and be in the corner ... - Don't be a jerk. Okay.
No more big purchases. Just eat at home more.
Hello.
Hey, Kevin. Yeah.
- Yeah, let me get him for you. He's right here. - What?
He read about the layoffs in the newspaper.
- So what? - You going to tell him?
No, I am not going to tell him because I don't want a lecture on responsibility.
Hey, Dad. What's going on?
It was all manufacturing.
They offered me the CEO job. I had to turn them down.
I come ... bearing gifts... Vintage 40 year old, single malt?
- Nice! - It better be.
Strict sent it over. That bastard.
- That's Alaska. - Yeah.
Goddamn it, Gene, Those were good times.
Alaska.
Well, You and Cynthia thinking about joining us at Sun Valley for new years?
I do not know if we can, Neil's been talking about coming home for
Christmas with Susan and the kids.
I know, bring 'em along, Grandpa. Kate would probabaly think she died and gone
to Heaven with a bunch of kids running around.
I can't have you challenge me in front of the senior staff.
They respect you. Question my judgement, you undermine my authority.
I need to know. Can I count on your full support?
Good.
Are you okay?
I had lunch with Bobby Walker, today.
I thought he was going to throw a drink in my face.
You were his boss, Gene, not his father.
Sue and I are thinking about going down to Palm Beach for a weekend later on this month, ...
...You know, some shopping, some golf. Can you get us one of the corporate jets?
Fine, we'll fly commercial.
Stock closed up 2, today.
My option's worth half a million dollars than when I awoke up this morning.
Do you need me to stay, Mr. Woodward?
Aah. No thanks, Nan.
We'll see you tomorrow.
Don't even think about eating all the candy you get at school. Three pieces. That's it.
You look disgusting. You know that.
So, I called Bridget and made an appointment.
- Who? - Realtor.
I think we should at least list it.
- See if we get any offers. - We're not going to sell the house.
We don't have to accept an offer. But, with thee market so bad ...
...it may take us a while to sell it. You know. We'd get stuck.
We're not gonna to get stuck.
- How do I look? - Highly employable.
Okay.
Bridget?
Come on, we're not going to sell the house.
- Have a good day. - Okay.
All right, great, call me next week I should have an answer for you.
- Who's next? - Mr. Walker.
Mr. Walker, I'm Joyce Robertson. Sorry to keep you waiting.
Would you mind if I like something to eat? I have another meeting right after you.
- Go right ahead. - So, it looks like you worked at GTX for twelve years.
I did, divisional sales leader for three of those years.
- I'm surprised they let you go. - You and me, both.
You handled regional sales?
Came up in regional sales. I worked for Martin-Marrietta in California.
Well, we're looking to expand in the South We need someone in Little Rock.
In Arkansas!
- Is relocation a problem? - No, no.
Um, I had hoped to stay here because I'm from the area...
You left the salary space blank on your application.
Well, you know, that's a negotiation.
I was making 120 at GTX, plus incentives. But, I know that times are different now...
...I'd be willing to accept 110 and hope for bonuses.
Well, our base salary is 65 thousand a year for ...
...regional sales directors.
I responded to an ad for the vice president of marketing.
We've had a number of highly qualified applicants for that position.
I'm a highly qualified applicant for that position!
I am a highly applicant qualified for that position!
Excuse me, sorry. Must have had too many cups of coffee while I was out there ...
...While I was waiting in your fucking waiting room for two hours.
Thanks for your time, Joyce. Just between the two of us ...
...you should probably skip the diet cokes.
Jim is worried. Thinks we're a target.
What makes him think you can get together
that much money in the middle of a recession? Huh?
- But, he does. - Then what? He splits us up?
Knock off the health care unit... Rail products... Close Glouster.
We still have consumer electronics and the Department of Defense.
We're bargaining. One more quarter...
we'll be able to put together enough votes to have a proxy battle and ...
install his own... damn Board.
But Jim's not going to give up without a fight.
I'm sure he's already got someone out there looking for a 'white knight'.
...Keets, maybe Roberts, somebody with deep pockets.
What?
Nothing.
Tell me more about capital depreciation to manufacturing assets.
Office.
Senior staff at 3:30.
Reschedule.
- I can't. - How about lunch again next Tuesday?
I don't think not.
John Scott, please.
Robert Walker.
No, he doesn't know me. Mike Talbot recommended me from Unicore.
He said that Mr. Geller may have an opening for a senior sales associate.
Okay, that's too bad.
That's okay, it's not the first time I've heard it. Goodbye.
$65 an hour for oilrig workers in the North Atlantic ...
...another thousand a week if you've got your deep sea diver certification.
- Doesn't everybody? -I got mine last year at the "Y". 6 of clubs on the 7 of hearts...
Sally Willcocks, please.
Construction, hazardous waste removal, aircraft mechanic...
Thank God, I got my Doctorate, huh.
Hey, is she in, it's Bob Walker calling.
- He's calling her again. - Hi, Sally.
Bob Walker. Uh, thanks for not return any of my calls.
If you do return my call, I would love know why you fired me ...
...without any notice, you fucking cowardly bitch.
Gee... I know why she never calls you back.
This feels good, though.
You know what, Hefe? It's quiting time.
- Quiting time? - It's 3:30?
Thanks. I can only take so much rejection.
I'm thirst. Who's coming? Conal?
- Sure, why not? - I'm in.
Well, if you two are going, it's going to be good.
How much?
The CC finally says 3.8 percent.
He's just trying to boost our stock.
Get's it up 10 a share, he walks away with a couple hundred million.
Our share price is still too low ...
...it's making us a very tempting target.
- Paul, your office is over there. - All for legal?
No, this is just for the five of us.
CFO's office... David, Noah, you are over here.
Conference room, private dining, bathrooms with showers, gym, kitchen.
Gene, come here.
This is you.
Now, don't get too excited. My office is going to be much bigger.
- What do you think? - Beautiful! - This is amazing!
Floor to ceiling glass ...
Hey, help me.
- Need Help? - Yes
- How are you? - You smell like a brewery.
What's Drew doing?
- Waiting for you. - Me? Why?
He's worried about you.
- Wait up! - Okay.
What's going on out here, Bud?
I'm not a baby. I can handle stuff.
I lost my job.
- What did you think it was? - You and mom, maybe.
Me and mom are all right.
You'll get another one, right?
Yeah.
Hey, you don't have to worry about me, okay?
Hey, look at me.
You don't have to worry. I'm your Dad.
It'll be fine, okay?
...Lipton stepped up his campaign for changes at GTX.
Issuing a letter to shareholders accusing executives ...
...of mismanagement.
- What does it all mean? - Nothing good.
Do you need something, Phil?
Lost ... Royal Caribbean.
Bring the cranberry jelly.
- Let me help you with that. - Thank you.
Okay.
- How's business, Jack? - Business?
Well, we got a big renovation in Rocksbury, next to the house we did last year.
And a nice bonus when I finish by September.
If you finish by September.
Whenever you're ready to plumb the place, give me a call.
I've got a special on Kohler. - Good.
How's work Bobby?
- Good, Jack. - Got any more dollar a day Laotian preschoolers ...
to stitch tennis shoes ... for you in Bangkok.
I'm in manufacturing, Jack. The dollar a day Laotian preschooler...
isn't tall enough to
...turn the screws on diesel engines.
You know, I was reading about your guy Salinger in the Globe the other day.
- Now do you read, now? Good. - Only small words.
Ya, said he,... said he won 700 times what the average GTX worker made last year.
What do you think, Salinger works 700 times harder than a welder ...
...pounding hot rivets into a tanker hull all day?
Why don't we say Grace so the kids can start?
Okay, Carson, would do the honors?
Dear God, thank you for the food and for letting us be together ...
...On Thanksgiving, and for everyone being okay.
And, please help my dad find a job ...
...So he won't be unhappy all the time. Amen.
Okay.
It's a nice table, Fran.
Thank you.
You know, if things get tough, I can always use some extra help this winter.
Like doing dry wall?
Yeah, it'll be lots of work. We've got 4,000 sq ft. Gutting the place ...
Thanks, Jack, but I don't ... exactly see myself pounding nails. You know.
Appreciate it.
Your husband is such a dick.
Goldman Sachs is doing due diligence for Lipton...
Scott & Arps is snooping around for somebody, maybe, Allied out of Moscow
What is the top price they'll pay?
According to market value at 100
All right, so we need to get the stock to 102.
- That's 17 more a share. - Yeah, I can add, Noah.
We're already in danger of missing our quarterly.
If we're fooling around and miss our numbers again, we...
No, we don't need to get the stock to 100.
We get in the mid 90s and show a positive trend.
How can we supposed to boost the share price again?
Increased efficiencies lowering costs ...
More downsizing. Suppose we try that stunt again and the stock stalls at 90.
Increasing market value isn't a stunt.
We should as least consider alternatives. How about selling the health care group?
What!
- Maybe Lipton's right.
- Gene, come on, health care is the only division exhibiting any growth.
I'm not breaking up the company.
All right, how about selling the new headquarters building?
- We're going to need that space. - Not if we keep firing people, we're not.
I'm not selling the new building!
Get a hold of Human Resources have them start making up a list
...for another round of downsizing.
Jim ... Wait a minute, Jim.
Can you guys give us a minute?
What do you want me to do... parrot back everything you say?
I've always told you what I thought. Right or wrong. And this ... is wrong.
I'm late for a meeting.
I'm not going to be able to meet the mortgage next month.
I talked to Bridget. She thinks if we price the house low enough, ...
...we'll be able to get as much 850 thousand for it.
That's less than when we got it?
It doesn't matter how much we got in it.
The mortgage resets in three weeks.
We'll end up in foreclosure.
We won't have enough money to put down on another house.
We're not going to be able to qualify for another house on just my salary.
Okay.
Where do we end up, pitch a tent in the park?
- Yeah. - Okay.
We can move in with your folks.
- No. - They have 2 extra two bedrooms.
Maggie, we're not living with my parents.
It would just be temporary.
I choose death. I opt for death.
No, I'd have to kill myself, first.
Jack offered you a job the other day and you shut him down pretty hard.
Can you imagine that? Me, working for your brother?
Just trying to help.
How, by letting me hang drywall?
You're in great shape.
- Calluses, tan. - In the middle of winter.
You've got big broad shoulders... from carrying all that heavy lumber.
I have to wake up early, baby.
Bobby Walker keeps leaving me messages.
My assistant thinks he's psychotic. She wants to get a restraining order.
I'm sure you've gotten worse.
So what do you think? Get away for a day or two of skiing at Christmas?
I do not know, I'll have to see.
Have they got you started on that new list, yet?
I was at the meeting, Sally.
- Yesterday. - How many?
- Five thousand.
Well, what is the criteria for getting canned this time?
Gerry Hunt's put on a few pounds. Maybe, we should let him go.
And I hear Jill Carter has cancer.
We could save a bundle on her insurance premiums. Hmm!
Sally.
Hey, millionaire boys club? How's the plotting going?
Are you still safe on the top of Fortune 500 list?
- How's you're job search going, Bobby?
- Good actually. Real good. They're out there.
Mr. Conners, you're groups on for the first tee.
- I can play with you? - Come on.
Mr. Walker.
Can I speak to you for a moment?
Hey, what the hell's going on?
- I got thrown off the course at the club. - Keep your voice down.
We haven't paid the dues since October?
- I haven't paid a lot of things. - I look like a fucking deadbeat!
This is real, Bobby, okay. This is happening ... to us.
You are wandering around like you're in some sort of a daze
when playing golf!?!? Or, getting your Porche detailed.
Maggie, I need to look successful.
I can't look like another asshole with a resume.
You are just another asshole with a resume!
I did a check for the balance.
- Cancel it. - No.
- We can't afford it. - No.
I should have been honest with you about what the club ...
...but you haven't been honest with me.
We don't need this, right? I think we could have a little rummage sale.
You need to get a job. Any job.
I can't do this alone, Bobby.
I know. I'm out there play golf and in two weeks I can't support my family.
Things are going to be great again.
- I don't know. - We can't continue.
Things aren't going to be great, again. Okay.
I'm trying to get a job. I've been out there every day ...
...for three months trying to get a job.
I haven't had one offer.
I've been to everybody we know...
and a lot of people I don't. And, I have begged. I've fucking begged...
for a lead ... anything.
There's thousands of new MBAs out there.
No mortgage, no kids, and work 90 hour workweeks, ...
...but they get nothing.
You want to be honest, Maggie? I am a 37 year old unemployed loser ...
...who can't support his family.
You are going to find a job...
working for people who know how lucky they are to have you.
- When did it all go to shit? - It hasn't all turned to shit ...
You have Drew and Carson your parents and me.
You have me.
We're still have at least 75 short.
What about Deborah Hayes, senior director of accounting, maritime sales.
Deborah Hayes has 10 years with the company and outstanding evaluations.
She also has a husband with a successful law practice ...
and two kids who would be delighted to have mommy at home.
She's 60 years, I doubt her kids are still living at home ...
...much less, calling her Mommy.
Phil Woodward's back on this list.
- He fits the criteria. - I wasn't talking to you, Dick.
- He's grossly overpaid and just blew a $5 million deal. - Shut the fuck up!
- This list is still preliminary, Gene.
- I'm looking and all I see are people who are over 50 ...
...With enough young ones unable to protect us from litigation.
I'm cinfident that all these dismissals will stand up to outside legal scrutiny.
What about ethical scrutiny?
We're not breaking any laws, Gene.
I guess we always assumed we were trying for a higher standard than that, ...
...Paul.
Mr. Walker.
Have a seat.
- Thanks for seeing me. - Sure.
- A GTX casualty. - Yeah.
- How are you holding up? - Good, thanks.
Dan Maas gave you a great recommendation.
MBA. You went to school at state college.
- Undergrad, Yes. - My wife went to Penn.
- Really? - Loved it.
Are you willing work for 90 a year, plus commission and bonus?
Aah... Yeah.
The good news is that we're growing fast ...
...and there's plenty of headroom around here.
I can't promise you anything but with Dan's recommendation ...
...you seem like the right fit for the job.
Thanks.
Vamos!
- Who's winning? - Who knows?
- How did it go? - Okay.
Good.
You can take my place.
32! HUT!
Robert Walker calling for Troy Thayer?
Um ... that's okay.
I'm actually just calling in regards to a position.
Uh, sure,
...Northeast Divisional Sales Manager.
It has.
Thank you very much.
- What's that? - My last pay check.
It's a long time and it all gets lost in translation.
This guy keeps babbling on and on and on.
Mr. Lubin says you were at a banquet with 9 meat soup...
...Yeah.
I didn't know they had 9 meats in China.
I didn't either. Could you name them?
Well, beef, pork, chicken, sharkfin ...
- Gene ... - Hey, Phil ...
- Gene. - Relax Phil, grab a drink, man, it's a party.
Sally Wilcox ... just fired me.
Find Sally Wilcox. Tell her to get her ass up here, right now.
She's already in your office.
You fired Phil Woodward.
- Hire him back! - Gene, please.
Goddamn it, Sally, we talked about this ...
Gene ...
You too?
Aaw, fuck 'em.
They think this is tough.
We worked together at Glouster remember, Gene?
Spot-welding inside a a 36-inch propeller shaft...
60 hours a week.
You'd never guess who's Joanna's office.
Gene McClary's favorite ass kisser, Phil Woodward.
Your resume is impressive, Phil.
Thank you.
Started on the factory floor.
Not many people can clain that anymore.
You should get rid of all the ancient stuff, anything pre 90s.
Instead of listing the number of years you held each position at GTX
indicate your title and responsibilities.
And here, you noted your military service don't say Vietnam...
Combat infantryman is impressive enough.
- Do you smoke, Phil? - Occasionally.
Quit. Employers don't want employee health problems,
...ratcheting up their health insurance premiums, Phil.
You may want to think about dying your hair, get rid of some of that gray.
Boy, do we know each other?
- Excuse me. - You keep using my first name.
I'm not the enemy, Phil.
You're pushing 60 and you look like hell.
You're going to have a tough time out there.
Could you ... show me to my office, please?
A window, the company had to pay extra for that.
The least the pricks could do.
So, how's the best damned salesman on the east coast?
- Unemployed. - Yeah, a lot of that going around.
Pretty lax around here?
You should see casual Fridays.
Well ... yeah. Uh, hmm.
I talked with somebody else from your company last week
...and said I going to have to make another payment on that this month.
Uhm huh. Look, I know what you want me to do,
...I can lie to ya. Tell you that I'm writing you a check,
...and putting it in the mail and you'll have it right away.
I'm going to write you a check right now, and put it in mail,
...and you'll have it tomorrow. How does that sound?
Terrific, outstanding ... look forward to it.
Uh, which one, American Express?
The mortgage.
Brett asked if I could work tomorrow night.
- New Year's Eve. - Double time.
- Dad. - Yeah.
Can you drive me over to Kyle's?
- No, I'm busy now, okay. - Come on?
Come on Drew. Hey, why don't you play, ah, Guitar Hero?
Halo. Or, why don't you play some X-Box?
Bobby, hang on a sec.
Hey. Drew. Hey! Drew! ... Damn it.
What's with the fucking guy. There's a nor'easter outside.
The kid's pissed off because I won't drive
him to Cantoit to visit the Matlock's, right when he wants me to!
- It's Christmas ... - We don't have the Xbox anymore.
- Why? What happened to it? - He gave it back.
- What? - He knew we couldn't afford it.
He asked if he could and I said yes, he's right.
We can't afford it.
I need a job, Jack.
You won't be needing that just yet.
Nice toolbelt.
Keep 'em coming, Bob.
Hey, Bobby.
- Yeah. - Grab 2 this time.
- Lunch. - Where we going?
You're new, that's why you're getting blisters.
Thanks.
- Here. - Appreciate it.
Want to come down for dinner?
I'll just stay here.
Just shoot me.
Let me see,
...I'll bring you some aspirin.
I hate your brother, I fucking hate him.
- Do not think I can go back. - Sure you can.
Too thin, add another sack to the mix.
Easy work, huh, Bobby?
Pretty much like moving papers from the in box to the out box.
Eh, hey, didn't say nothing.
What do you have planned today?
Not much.
Ed and Damon invited us for dinner tonight.
- Who? - My old friends.
At 7:30.
Pick up a nice bottle of Pinot when you go out, okay?
Ok.
Hi, Phil Woodward. I have a ...
Sign in and take a seat.
Jack, did you hear that?
Bob gets 12 weeks pay and they fucking shitcan him.
My uncle Tommy worked for telephone company for 19 years.
They laid him off 10 months short of lifetime medical.
They hire him back like 4 months later
...for half his old wages ... no benefits.
- What is this? - It's your paycheck.
There's an extra 200 in this.
Must have made a mistake, Bob.
You gonna be all right sleeping in the same room with your sister for a while?
Sure.
- All tucked in? - Yeah, Dad.
I couldn't wait to get out of this house.
My parents, the neighborhood, church.
I was going to be the CEO.
This seems nice, good with kids.
- Dooes she have any of her own? - Hey.
What? Never too late to start.
Do you think you and Susan could get away for a week in June?...
We go to the house out on Stonewall beach.
Gene, maybe.
Are you keeping busy?
Yeah, I've have been asked to go on a couple Boards. Dynex, Brocar...
- You going to do it? - I do not know, I think I'm...
...I think I'm tired of Board rooms.
Why don't you start a consulting firm?
- Yeah. - Sure.
There's always somebody out there willing to pay an opinionated
old bastard for some shitty advice.
So, what do you say to that week in June. Your mom will be okay?
Are you two talking?
You're having a rough time. She's talking about selling the house.
Look Daddy, I found another egg.
- Where's Mike? - He got busted again.
For what?
Drunk and disorderly, assault.
He managed to take a swing at one of the cops, too.
Well.
- Hey, Bobby. - Yeah.
- You still have your toolbelt? - Yeah.
- Why don't you grab it? - All right.
Oh,... oh, Jesus!
I thought I had measured it.
You got to rip all this shit out before Jack sees it.
- The whole thing? - Yeah, all of it.
Use your speed square as a spacer and on 2 points...
here ...
All right.
- You got it? - Yeah.
Finally done? - This side, yeah.
Jesus Christ, that's ugly.
If you need another guy, I know somebody who could use a job.
Yeah. Well, whoever it is, let's hope he a ... he's not as slow as you are.
Ok.
- Does he ever sing on key? - No.
What are ya doing?
Ah ... getting drunk.
I called out placement to see if you wanted to have lunch.
They said you hadn't been coming in much, lately.
- Oh, yeah. - A couple of weeks now.
No kidding.
Miss ...
What do you say, I give you a ride home?
I can't go home.
Lauren doesn't want the neighbors to know I got fired,
...so I can't show up until after 6.
She makes me haul my breifcase back and forth, too.
You see the Journal this morning?
They listed how much CEOs made last year.
Do you know who was 17th on the list?
James Salinger, GTX.
Want to go to the movies?
Take you to the matinee. I'm sure they still
matinees where you get a bucket of popcorn and a couple of cold...
Hey, Daddy.
Hi, beautiful.
Why are you laughing?
A man called today from Chicago, Fred Munder.
He said he was impressed with your resume and wants you to give him a call.
His phone number is over there.
The guy's a headhunter.
I thought the job was in Boston.
It is in Boston. I'm going to go there. I'm going to stay stay at Motel 6.
Okay, I'm going to eat very inexpensively.
The job is a ... is a Vice President of Sales and Marketing
with extensive experience in transportation. Okay.
This is me, this is my job.
I don't know what else I can look for, is the one.
Okay.
Excuse me, I have an appointment with Frederick Munder,
...Robert Walker.
- Mr Walker. - Yes.
I'm Jane Newfeld, Mr. Munder's assistant.
- Hi. - You say you have an appointment.
- Yes, at 10. - I don't see it.
I spoke to Mr. Munder myself. So... Friday at 10.
We talked 2 days ago.
Oh my, he has you down for next Friday, the 17th.
- Can you come back next week? - I flew in from Boston.
- Sorry. - I don't mind just sitting in the waiting room.
Or I can come back this afternoon, my flight does not leave until tonight.
Mr. Munder is in Dallas on business,
...he won't be bcak ubtil next Wednesday.
Sorry I'm late, I got caught on a call.
No problem, I got a drink.
Looks good. I'll have what he's having.
Wait, you know what you want?
I'll have the Cobb, no bacon.
Rib-eye, medium-rare, with fries.
Sorry to rush things, I have to run back for a staff meeting at 1:30.
You look great, you losing weight?
Ah, yeah, well, dying my hair.
- So, how are you doing? - I'm fine. Umm...
Sending out a lot of resumes.
You're lucky to be out of it.
Word on the street is you're looking for a foreign exec.
Yeah, you have someone to recommend?
Yeah ... me.
It's international, all travel.
I have extensive overseas experience.
Sure, you do.
You mind me asking. How old are you Phil?
You're not worried I'll sue.
I wouldn't hire anyone over 30 for the job, ... it's a killer.
Out of the country 5 out
of every 6 weeks.
Well, travel for me is not a problem.
Why don't you cash it in, I would. Go lie on a beach.
I can't afford to go lie on a fucking beach.
I can't recommend you for the job, Phil. They'd laugh me
out of the office.
Lauren is pretty worried about you, has you wrapped around a tree, someplace.
Sons of bitches...
You motherfuckers!
Tom Brady couldn't hit that building from here on his best day.
Ooh, Sarah's tuition for Brown is due.
I write the check... I can't make the mortgage.
- Phil, I could ... - No, stop it...
Do you know the worse part?
The world didn't stop ...
the newspaper still came every morning, the automatic sprinklers shut off at 6,
...and Jeff, next door, still washes his car every Sunday.
My life ended,
...and nobody noticed.
- Hey, Bob. - Yeah.
- Boss says it's quiting time. - All right.
- Where's Jack? - Still working. Come on,I'm buying.
- What's he doing? - He's working late to meet the
- ...completion deadline. - Does he want our help?
- Can't pay us. - He can pay us out of the bonus.
He needs the bonus to break even.
He had to take this job to keep us working through the winter.
Could Maggie give Sally a ride home?
We used to do something here
back before we got lost on the paperwork.
At one time we had a frigate right here. Back there ... a guided missle cruiser.
Phil started out here in hull assembly.
He was a skinny little bastard, fearless.
He'd hang upside down all day long in a boson's chair, 70 feet off the shop floor.
Jesus.
2,000 men a shift, 3 shifts a day
6,000 men earned an honest wage in that room.
Fed their kids, bought homes,
...made enough to send their kids to college,
...buy a second car.
Building something they could see, not just figures on a balance sheet,
...but a ship you could see, smell and touch.
These men were worth a lot and knew who they were.
One day you're making $50
...the next 5,000 then one day, 5 million
Start with a plan. Take insane risks,
...barely make enough money to feed your family,
...not a chance in hell you're going to succeed ...
and then all of a sudden you have all these things you're terrified of losing
stock options, corporate jet,
...vacation homes in the Bahamas.
You know? The truth is ... I like $500 lunches and
...$5,000 hotel suites.
And now everything I spent 30 years for myself and everybody else ... is
...gone.
- I'm sorry, Maggie. - For what?
For everything.
- For letting you down. - You didn't let me down.
Yeah ... I did.
You were never here before.
And now you are.
I think the dryer vent is clogged. I might go take a look.
- Hey, Bobby. - Yeah.
It can wait.
Hello, Jim!
Gene, how you been?
Not good, I was recently fired by my best friend.
Missed you at the funeral.
I was sorry to hear about Phil, How is Lauren holding on?
We built something here, Jim ...together.
Together, it wasn't just you, and just me. It was all of us.
They got a paycheck every each week.
...medical, if they got sick, disability if they got hurt.
And, hell it's a business, not a charity.
You took home $22 million last year and these people have lost their homes,
...their marriages, respect of their children.
We did what the market required of us to survive.
The board accepted Allied's bid last night. 39 Billion, 97 a share.
- I'm Sorry. - Don't be.
- My shares are worth 600 million. - Congratulations.
What are yours worth, Gene?
I have to get to work.
Give me the ball.
Keep your position you're in trouble now, kid ...
OH! NO!
Well... there you go... that's a good job...
A little more action ...
- Bobby. - Yeah.
Gene McClary's on the phone, something about a job.
You two, I'll be right back.
What are you waiting for?
You work on Sundays, now?
Deirdre told me you're down here every weekend.
Losing money in this job, Jack?
- A bit. - Is it me?
Sometimes I'm up, sometimes I'm down,
...it all comes out in the end.
I got a call from a guy today who I used to work for.
- He offered me a job. - Yeah, decent pay.
- 80. - Thousand?
It's half what I used to make.
World's a fucked up place.
Actually, I was thinking about staying on with you, Jack.
My old job, I was scared all the time.
Quarterly costs reports. Young guys coming up. Losing an account.
Who's getting ahead of me.
- Can I be honest with you, Bobby? - Yeah.
You should take the job, you're a shitty carpenter.
Could they make these things any lighter.
I can't pay you for today.
Guess we better get started, then. Huh.
I will win.
Why?
Because I have faith, courage... enthusiasm.
I ... Will ... Win!
Why?
Because I have faith, courage ... enthusiasm.
I..Will..Win.
Why?
Because I have faith, courage ... enthusiasm.
- Can we get a pencil sharpener. - Sure.
- The kind with a crank. - The old fashioned kind, I love those.
- McClary Maritime Associates. - What?
Well, we don't have any associates yet, but what the hell, it sound goods.
The printer is from the dark ages, I'll stop by Staples tomorrow and get a new one.
Ok.
- Nice office. - It's not much.
If I make the overhead the first year, I'll be happy.
I ran into Ben Wilson the other day.
He said you were going out for possible investors.
Yeah, I'm going to make a bid for Glouster.
- The shipyard? - Yeah.
Allied didn't want it. I've already got the skilled labor.
I'll just renegotiate with the unions ...
start slow, see if it will grow.
Do you think there's business there?
Do you have any time for lunch on Tuesday?
No.
I sat in rooms and talked about how to destroy people's lives.
I thought I could do more from the inside to save a few jobs here and there.
If I didn't do it, somebody else would.
Keep me in mind for a possible associate,
...I think I may be looking for a job.
- Say hello to Gene for me. - How do I look?
Highly employable.
Go on, you're going to be late.
- Come here. - I love you.
I love you.
All right, I hope you had your fill of Sitting around the house
all day watching the Price is Right.
It's time to get working now.
Do not complain about the luxury accomodations here.
Gene, it basically kick-starting this thing on his AMEX card.
If you want to impress a client, take them to the Upper Crust.
Buy them a slice.
Diane, we may do some seller financing of long term lease-backs to stay competitive
So run finances on our old customers, vendors, capital
expenditure budgets ... future needs...
You got it.
Conal, we need our union guys back.
- How many? - Don't know.
A hundred, start with the local, see who's available.
I'm betting, everyone.
Mechanics, machinists, fabricators welders, engineers, ...
start with the crew chiefs.
We work hard in here every day as we did trying to get a job
...we'll be all right.
What's the worst thing they can do?
Fire us.
THE END
...court is exploring whether or not the British bank Barklys
took advantage of the collapse of Lehman Brothers
The UK bank made billions when it bought the US brokerage
business days after the company failed paying less
than 2 billion ...
...this latest round of 18 billion in bonuses might
be offensive to many Americans ...
...and went on to say, ...
...at least $100 Billion of these obscene earnings ...
should be confiscated to pay back the taxpayers
that bailed these bastards out ... ...I've been out of work 2 years
my sister and her kids are living in their car...
we got broken schools and a failing health care system ...
...the question here is, whether did they do anything illegal? ...
Not whether it was unethical to take investors ...
money without disclosing the firm was betting
against the investment they were selling to its own customers ...
...and now they're whining their bonuses are only
2 million bucks this year, instead of 3 ...
...released a report this morning saying the federal mortgage aid programs
aren't doing enough to help more families out of foreclosure.
Realty Track reports over 900,000 ...
yet, a paraphrase of the old TV commercial, these
private equity guys, they make money the old fashioned way ...
they steal it.