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01:00America has become a second-rate power.
01:05Its trade deficit and its fiscal deficit are at nightmare proportions.
01:11Now, in the days of the free market, when our country was a top industrial power,
01:16there was accountability to the stockholder.
01:20The Carnegies, the Mellons, the men that built this great industrial empire made sure of it
01:26because it was their money at stake.
01:29Today, management has no stake in the company.
01:32All together, these men sitting up here own less than 3% of the company.
01:40And where does Mr. Cromwell put his million-dollar salary?
01:44Not in Teldar's stock.
01:45He owns less than 1%.
01:46You own the company.
01:49That's right.
01:50You, the stockholder, and you are all being royally screwed over by these bureaucrats
01:56with their steak lunches, their hunting and fishing trips, their corporate jets and golden parachutes.
02:02This is an outrage.
02:03You're out of line, Gecko.
02:05Teldar Paper, Mr. Cromwell, Teldar Paper has 33 different vice presidents,
02:11each earning over $200,000 a year.
02:16Now, I have spent the last two months analyzing what all these guys do,
02:22and I still can't figure it out.
02:25One thing I do know is that our paper company lost $110 million last year,
02:32and I'll bet that half of that was spent in all the paperwork going back and forth
02:36between all these vice presidents.
02:37The new law of evolution in corporate America seems to be survival of the unfittest.
02:48Well, in my book, you either do it right or you get eliminated.
02:55In the last seven deals that I've been involved with,
02:58there were 2.5 million stockholders who have made a pre-tax profit of $12 billion.
03:06Thank you.
03:07I am not a destroyer of companies.
03:13I am a liberator of them.
03:17The point is, ladies and gentlemen,
03:20that greed, for lack of a better word, is good.
03:26Greed is right.
03:28Greed works.
03:29Greed clarifies, cuts through, and captures the essence of the evolutionary spirit.
03:36Greed, in all of its forms, greed for life, for money, for love, knowledge,
03:44has marked the upward surge of mankind.
03:46Greed, and greed, you mark my words, will not only save Teldar's paper,
03:53but that other malfunctioning corporation called the USA.
03:57Thank you very much.
03:59Thank you for clicking on our video, everybody.
04:04If you like what you saw here, please make sure you like the video,
04:07and subscribe and share with your friends who like this sort of content.
04:10Joe Blow remains an independent company, and we appreciate all of your support.
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