even here, wall street is in charge. wall street being a parrot, green as in money. he reigns over an entry foyer that runs the entire length of the house. and at the end of that foyer, we find this morning boone pickens. good morning, sir, how are you? good morning, harry. why don t we go ahead and head into the trophy room, if you don t mind. sure. t. boone pickens was a texas oilman who became the original corporate raider. he would buy a bunch of stock in a company, talk about how the executives needed to be tossed out and make a play for the takeover of the company. the company is only 1/20th the size of phillips, buys 5.8% of the stock privately. now pickens lets it be known that he wants to buy another 15% from the shareholders and gain a seat on the corporate board. there s one thing i want to put in place is that stockholders own companies and management are employees. phillips agreed to buy back its stock from t. boone pickens
that they are rich. donald trump has ventured into gambling and professional football and says he could negotiate a nuclear disarmament treaty with the soviet union. they say he s land hungry, money hungry, power hungry. the power is nonsense. i love the creative process. what about the name of trump city? trump tower we re sitting in. trump plaza. trump castle? it sells, mike. all i know is that s all it is? it has nothing to do with the ego. all i know is it sells. what do you do? security. we don t need security. we have people outside. leona helmsley was the wife of harry helmsley, one of the major much bigger than trump real estate developers in new york. i asked for something. i did not get it from you. i want it. you have nothing to do? l oechlt na helmsley, the queen of mean.
hedonism and access, the end of the decade was the hangover. it s more like the rich are taking a tumble now. leona and harry helmsley, one of the richest couples in the world, were treated as criminals, booked for tax evasion and extortion, charging that they renovated their $11 million estate and wrote the cost off as a business expen expense. a former housekeeper said mrs. helmsley told her, we don t pay taxes, only little people pay taxes. she was sentenced to four years in prison, given a $7 million fine and ordered to serve 750 hours of community service. for some, the sentence was too light. i have done nothing wrong. i m innocent. my only crime is that i m leona helmsley. no matter how many white collar thieves get sent away, no matter how long they re locked up, the public will still be paying for this long after they re out.
leona and harry helmsley were treated as criminals, booked for tax evasion and extortion, charging that they renovated their $11 million estate and wrote the cost off as a business experience. a former housekeeper said mrs. helmsley told her, we don t pay taxes, only little people pay taxes. she was sentenced to four years in prison, given a $7 million fine and ordered to serve 750 hours of community service. for some, it was too light. i have done nothing wrong. i m innocent. my only crime is that i m leona helmsley. no matter how many white collar thieves get sent away, the public will still be paying for this long after they re out. so what did the 80s add up to? we put that question to a fair number of people and more than
is in charge. wall street being a parrot, green as in money. he reigns over an entry foyer that runs the entire length of the house. and at the end of that foyer, we find this morning boone pickens. good morning, sir, how are you? good morning, harry. let s go ahead and head into the trophy room, if you don t mind. sure. t. boone pickens was a texas oilman who became the original corporate raider. he would buy a bunch of stock in a company, talk about how the executives needed to be tossed out and make a play for the executive. the company is only 1/20th the size of phillips, buys 5.8% of the stock privately. now pickens lets it be known that he wants to buy another 15% from the shareholders and gain a seat on the corporate board. there s one thing i want to put in place is that stockholders own companies and management is employees. phillips agreed to buy back its stock from t. boone pickens to stop his takeover bid.