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00:00:04,880 --> 00:00:06,520
♪ (SUSPENSEFUL MUSIC PLAYING) ♪
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00:00:06,520 --> 00:00:08,120
BILL ADLER: You seen
Pierpoint's stock price?
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00:00:08,120 --> 00:00:09,400
You had a drink yet?
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00:00:09,400 --> 00:00:11,960
The stock's fucking halved,
would you blame me?
5
00:00:11,960 --> 00:00:14,000
It was like Omaha Beach
on the floor today.
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(SIRENS WAILING)
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ERIC TAO:
They're serving Prosecco.
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00:00:16,760 --> 00:00:18,040
ADLER: Can't afford champagne.
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00:00:18,040 --> 00:00:19,640
ERIC: It screams sell signal,
no doubt.
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00:00:19,640 --> 00:00:22,000
ADLER: Yeah, I need you to come
to the 13th floor immediately.
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00:00:22,000 --> 00:00:23,600
(INDISTINCT CHATTER)
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Hey, hey, why the fuck
did they not cancel this party?
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It's too late. You've got a...
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00:00:38,640 --> 00:00:40,520
I haven't seen a day
this bloody since '08.
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00:00:40,520 --> 00:00:42,400
- ERIC: Don't go home.
- Yeah, it's worse there.
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00:00:42,400 --> 00:00:43,840
- Don't worry.
- Don't go to the party.
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00:00:43,840 --> 00:00:45,160
Whatever's left
on the desk's books,
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00:00:45,160 --> 00:00:46,360
however you're axed,
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00:00:46,360 --> 00:00:49,040
long, short, any product,
get rid of it now.
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00:00:49,040 --> 00:00:51,640
We've got one hour
of U.S. trading left
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00:00:51,640 --> 00:00:53,000
and you need to trade Asia.
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00:00:53,000 --> 00:00:55,320
People might not be trading
with us come morning.
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Book any profit. Take any loss.
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00:00:58,640 --> 00:00:59,640
Clean house.
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Hey, uh, what's going on?
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00:01:04,200 --> 00:01:05,360
The bell's tolling.
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♪ (TENSE MUSIC PLAYING) ♪
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How bad is it?
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We'll be talking about
Pierpoint's stock price
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00:01:16,480 --> 00:01:17,720
in cents, not dollars soon.
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The debt we issued to fund
the ESG pivot has matured,
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and our creditors
are banging down our door
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00:01:21,560 --> 00:01:22,600
for money that isn't there.
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How close are we
to declaring bankruptcy?
35
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Hours. The counsel in this room
are working avenues
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for a capital injection
to buy us a stay of execution.
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TOM WOLSEY: That price is low--
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(INDISTINCT CHATTER)
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WILHELMINA FASSBINDER:
I haven't seen price action
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00:01:33,560 --> 00:01:34,880
this aggressive
since Lehman Brothers.
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00:01:34,880 --> 00:01:36,240
Excuse me.
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00:01:36,240 --> 00:01:39,520
He's about to come on.
Tom! He's about to come on.
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(CALL TONE CHIMES)
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U.S. OPERATOR: (OVER SPEAKER)
You have
the assistant secretary.
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GRAHAM STEELE:
Graham Steele speaking.
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This is Tom Wolsey
in dreary London.
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I'm told Wilhelmina brought you
up to speed last night.
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GRAHAM: Yeah, listen,
I've reviewed your situation.
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00:01:58,920 --> 00:02:00,600
It looks like
you've positioned yourself
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00:02:00,600 --> 00:02:04,720
as lender, buyer, and seller,
like J.P. Morgan with WeWork.
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00:02:04,720 --> 00:02:06,600
Yeah, a one-stop shop.
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00:02:07,480 --> 00:02:08,640
GRAHAM: And you didn't think
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00:02:08,640 --> 00:02:10,200
this was
inappropriately high-risk?
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00:02:11,560 --> 00:02:14,480
And incestuous. Yep.
For the record, I think it was.
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00:02:14,480 --> 00:02:17,080
We-- We liked the risk-reward.
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00:02:17,720 --> 00:02:20,000
In hindsight, not so much.
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00:02:20,000 --> 00:02:22,320
We're looking for an emergency
cash injection
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of around 15 billion dollars
in short order
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to plug the hole and give us
a chance to restructure.
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00:02:28,160 --> 00:02:32,560
Uh, our current
share price is 45 dollars.
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00:02:32,560 --> 00:02:36,200
It's now 8:00 p.m., U.K.,
Thursday night.
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We need to resolve this before
the U.S. markets open on Friday,
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2:30 p.m., U.K.
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GRAHAM: Okay.
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I don't have the reach
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or, frankly,
the influence to advise here.
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- (EXECUTIVES MURMURING)
- You're assistant secretary
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of the Treasury for
Financial Institutions, Graham.
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If you don't have
the authority to do your job,
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00:02:57,440 --> 00:02:59,200
I want to speak
to someone who can.
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GRAHAM: (SIGHS) I'm gonna pull
the treasury secretary
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00:03:03,120 --> 00:03:04,760
out of her 3:00 p.m., okay?
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(CALL TONE CHIMES)
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WOLSEY: Can you get me
at least two more packs of this?
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If I run out,
I'll have to light up,
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then it'll all get
a bit too Glengarry in here.
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(INDISTINCT CHATTER)
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(INAUDIBLE MOUTHING)
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The head of sales
should be at the 150th party.
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Keep up appearances.
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Trying to contain the issue
to this room is--
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It's a fool's errand.
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You okay?
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Yeah, just a little...
a foggy head.
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EXECUTIVE:
Ugh, it's a little late
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for a fireside chat.
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I can stay.
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Our voice combined is a voice
which speaks with the authority
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of half a century in this firm.
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This is an existential moment.
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There are
multiple possible outcomes.
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So, let's not let them
sell our soul
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just because
there's a gun to our temple.
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ADLER: Julian?
Yeah, would you excuse us?
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♪ (TENSE MUSIC FADES) ♪
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ROSE WINTER:
I've spoken to the rest
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00:04:00,640 --> 00:04:04,040
of the Hanani Publishing board
and we have decided unanimously
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00:04:04,040 --> 00:04:07,680
that we are going to
take care of the damages.
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00:04:07,680 --> 00:04:09,240
(GASPS)
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00:04:09,240 --> 00:04:13,200
We all just wanna move on.
I'm sure you can empathize.
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00:04:13,200 --> 00:04:16,640
But our PR team
is working round the clock
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to stage-manage this.
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And what we're getting is...
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00:04:22,880 --> 00:04:24,520
the press
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want a public face
for this scandal.
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Well, given a dead one
doesn't work, right?
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♪ (TENSE MUSIC PLAYING) ♪
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I mean,
she's been through enough.
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ROSE: We'd like to brief
the press
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that you knew
all about the embezzlement
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and were its main beneficiary.
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00:04:40,520 --> 00:04:42,760
Now, they won't be able
to finger you
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00:04:42,760 --> 00:04:45,000
from a legal standpoint,
but it will be good--
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You want her to wear
the fucking scarlet letter?
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Do-- Do you know
how this country works?
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I mean, they'll hang her up
as a fucking effigy.
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It's a lot of money.
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Many millions.
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And it's the real world.
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00:04:56,280 --> 00:04:59,520
You know, there are, uh,
caveats and stipulations
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to that kind of money.
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Yeah, but they'll flay me.
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And I mean,
they're gonna love it.
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I-- I didn't do anything.
Come on. I didn't know anything.
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I mean, honestly, it-- it--
it doesn't particularly matter.
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The truth, it's--
it's not important.
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00:05:19,000 --> 00:05:23,520
What's important is
what's expedient for all of us.
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You can't force her to do this.
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ROSE: We are
paying back the families.
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It's the decent thing to do.
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You wanna publicly shame
a fucking girl who has nothing?
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To the point of-- of--
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of never being able to live
a normal life again,
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and you're-- you're
okay with that?
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Those are the terms.
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00:05:42,640 --> 00:05:46,640
The alternative
is the legal route.
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We'll sue the Hanani family.
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We'll sue you
to claim back some of the money
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00:05:52,080 --> 00:05:54,640
we pay in settlement
to your father's victims.
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It'll be long.
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By your own admission,
you aren't capitalized enough
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for that kind of fight.
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You well know
the end of the story
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00:06:06,320 --> 00:06:09,240
for young women who are
hounded by the tabloids, right?
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Accept the money.
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Accept your family's culpability
and get on with your life.
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(SCOFFS)
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What life?
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♪ (SUSPENSEFUL MUSIC
CONCLUDES) ♪
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00:06:28,280 --> 00:06:29,680
SWEETPEA GOLIGHTLY:
Her boob job's
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00:06:29,680 --> 00:06:31,600
- insane.
- (ANRAJ CHABRA LAUGHS)
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00:06:31,600 --> 00:06:33,840
SWEETPEA: Rish, why did you
pull us out of the party, man?
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00:06:33,840 --> 00:06:38,360
Yeah, man, I was chirpsing
this absolute MILF from Risk.
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Stop talking, listen.
The 150 party is a sham.
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00:06:41,160 --> 00:06:42,680
(INDISTINCT TV CHATTER
IN BACKGROUND)
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Have you noticed that none
of the top brass are there?
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00:06:46,080 --> 00:06:48,960
Uh, how could this day
get any worse?
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00:06:48,960 --> 00:06:50,040
Insolvency?
159
00:06:50,040 --> 00:06:52,680
The CEO and CFO were
meant to be in London for it.
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00:06:53,120 --> 00:06:54,120
Where are they?
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Guys, they're upstairs.
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I-- I told you.
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That's why
it's so fucking scrot in here.
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- Look. Look at the bins.
- Fucking stinks.
165
00:07:03,200 --> 00:07:05,160
I haven't seen a cleaner
on the floor for two days.
166
00:07:05,160 --> 00:07:06,720
Yeah, maybe
admin payroll's goosed.
167
00:07:06,720 --> 00:07:08,040
Those at the bottom
get fucked first.
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00:07:08,040 --> 00:07:11,280
But listen, I am working
on an off-ramp for us.
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00:07:11,280 --> 00:07:12,360
(ANRAJ CHUCKLES)
170
00:07:12,360 --> 00:07:14,080
We're going to be
a pod on the buy side.
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00:07:14,080 --> 00:07:16,440
ANRAJ: Yeah, why would you
take us with you?
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00:07:16,440 --> 00:07:18,040
Well, I need
a doe-eyed little flirt
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00:07:18,040 --> 00:07:19,160
for the front of house.
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♪ (SUSPENSEFUL MUSIC PLAYING) ♪
175
00:07:20,720 --> 00:07:22,680
RISHI RAMDANI:
And Sweetpea's actually smart.
176
00:07:22,680 --> 00:07:23,800
(SWEETPEA CHUCKLES)
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00:07:23,800 --> 00:07:26,320
Look, we all deserve
better than this.
178
00:07:26,320 --> 00:07:27,960
Covered in grease
while the white gloves
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00:07:27,960 --> 00:07:29,960
- laugh at us upstairs.
- (SWEET PEAT BREATHES DEEPLY)
180
00:07:29,960 --> 00:07:32,400
I can tell you as sure
as Mother Teresa is in hell
181
00:07:32,400 --> 00:07:35,040
they're not thinking
about us up there. I am.
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00:07:35,040 --> 00:07:36,520
What happened to your arm
by the way?
183
00:07:36,520 --> 00:07:37,760
RISHI:
Walked into a door. Look.
184
00:07:37,760 --> 00:07:40,280
Get on the phones
and move every position I have.
185
00:07:40,280 --> 00:07:41,440
Okay? Senior secured,
186
00:07:41,440 --> 00:07:45,480
AAA, BBB, jewels, junk, the lot.
Eric's mandated it.
187
00:07:45,480 --> 00:07:46,920
I'll work our lifeboat. Move.
188
00:07:50,960 --> 00:07:52,280
SWEETPEA:
Do you believe him?
189
00:07:52,280 --> 00:07:53,960
Would you work on the buy side?
190
00:07:53,960 --> 00:07:56,520
Ultimately... (SIGHS)
191
00:07:56,520 --> 00:07:58,840
...your prognosis is
we're dead anyway, right?
192
00:07:58,840 --> 00:07:59,920
Yeah.
193
00:08:01,160 --> 00:08:03,560
Look, even if this place
is burning down...
194
00:08:04,760 --> 00:08:06,360
he's still our boss, right?
195
00:08:07,200 --> 00:08:08,800
(TELEPHONE RATTLING)
196
00:08:08,800 --> 00:08:11,560
- (BLOWS RASPBERRY)
- (NUMBER PAD CLACKING)
197
00:08:13,240 --> 00:08:14,600
No.
198
00:08:14,600 --> 00:08:15,880
- What is the point...
- What?
199
00:08:15,880 --> 00:08:18,520
...of making this whole desk's
PNL look good
200
00:08:18,520 --> 00:08:20,240
if this goes under, right?
201
00:08:20,240 --> 00:08:21,320
It's like...
202
00:08:22,040 --> 00:08:24,200
It's deckchairs on the Titanic.
203
00:08:24,200 --> 00:08:26,640
It's-- Come on, we could like--
204
00:08:26,640 --> 00:08:28,360
- (CHUCKLES)
- (SWEETPEA CHUCKLES)
205
00:08:28,360 --> 00:08:32,960
We could, like, commemorate
Pierpoint's last birthday
206
00:08:32,960 --> 00:08:36,680
by getting
absolutely fucking hooned.
207
00:08:36,680 --> 00:08:38,280
- (ANRAJ CHUCKLES)
- ♪ (TENSE MUSIC CONTINUES) ♪
208
00:08:38,280 --> 00:08:40,600
How many people know
Pierpoint's 150th is a wake?
209
00:08:40,600 --> 00:08:41,840
RISHI: (OVER PHONE)
Listen, listen.
210
00:08:41,840 --> 00:08:45,440
How do you fancy a Trequartista
as elegant as me on a Bosman?
211
00:08:45,440 --> 00:08:46,840
A boss-man?
212
00:08:46,840 --> 00:08:49,040
We're not hiring
new fund managers.
213
00:08:49,040 --> 00:08:50,760
RISHI:
You need an execution guy.
214
00:08:50,760 --> 00:08:52,560
Someone who can
look at flows, levels.
215
00:08:52,560 --> 00:08:54,160
Make sure you're not
mistiming things
216
00:08:54,160 --> 00:08:56,040
- and losing upside.
- HARPER STERN: Really?
217
00:08:56,040 --> 00:08:58,760
You're not a little
overqualified for that?
218
00:08:58,760 --> 00:09:00,720
You're not desperate, are you?
219
00:09:00,720 --> 00:09:03,000
RISHI: All right, final offer.
Quid pro quo.
220
00:09:03,000 --> 00:09:06,520
Chatter is that LeviathanAlpha
has short Pierpoint in size.
221
00:09:06,520 --> 00:09:08,840
I can give you live missives
from the madhouse,
222
00:09:08,840 --> 00:09:10,400
ear to the ground in the asylum,
223
00:09:10,400 --> 00:09:13,800
and help you manage
when to take profit or stop out.
224
00:09:16,320 --> 00:09:18,840
Keep me up to date,
and maybe we're talking.
225
00:09:18,840 --> 00:09:23,080
And-- And I want to bring two
smart, cheap juniors with me.
226
00:09:23,840 --> 00:09:25,480
Sweetpea and Anraj.
227
00:09:25,480 --> 00:09:27,800
If you are a serious fund,
you need to grow.
228
00:09:28,760 --> 00:09:30,560
Do you want me to leave this?
229
00:09:30,560 --> 00:09:32,800
I forgot you were a family man.
230
00:09:32,800 --> 00:09:34,040
RISHI:
I don't need to remind you
231
00:09:34,040 --> 00:09:35,440
how loose I am with my seed.
232
00:09:35,440 --> 00:09:36,520
Thanks.
233
00:09:37,600 --> 00:09:38,600
Speak soon.
234
00:09:40,280 --> 00:09:41,960
- Hmm.
- Can I knock again tomorrow?
235
00:09:43,120 --> 00:09:44,120
No, thank you.
236
00:09:45,760 --> 00:09:46,760
(TROLLEY RATTLING)
237
00:09:49,200 --> 00:09:50,880
YASMIN KARA-HANANI:
Has Harper fully moved out?
238
00:09:50,880 --> 00:09:52,680
♪ (TENSE MUSIC FADES) ♪
239
00:09:52,680 --> 00:09:54,760
ROBERT SPEARING:
Yeah. Without a word.
240
00:09:57,360 --> 00:09:58,840
Remember to lock
the back door tonight.
241
00:09:59,560 --> 00:10:00,800
I always forget. (CHUCKLES)
242
00:10:02,080 --> 00:10:03,160
Where are you going?
243
00:10:04,320 --> 00:10:05,960
Uh, I haven't told Pierpoint,
244
00:10:05,960 --> 00:10:08,240
but I've got a job interview
tomorrow morning.
245
00:10:08,880 --> 00:10:09,920
In Wales.
246
00:10:09,920 --> 00:10:11,280
- YASMIN: What?
- (LAUGHS)
247
00:10:11,640 --> 00:10:12,960
Yeah, uh,
248
00:10:12,960 --> 00:10:15,440
I met this guy, Pierre,
who hooked me up
249
00:10:15,440 --> 00:10:18,040
with a medical research center
attached to a university there.
250
00:10:18,040 --> 00:10:19,280
And, um, yeah.
251
00:10:19,280 --> 00:10:20,880
They're doing
really cutting-edge work.
252
00:10:21,440 --> 00:10:22,680
Medicine?
253
00:10:22,680 --> 00:10:24,240
Medicine needs its money men.
254
00:10:24,880 --> 00:10:25,880
Uh-huh.
255
00:10:30,040 --> 00:10:31,600
When was the last time
you left the house?
256
00:10:31,600 --> 00:10:33,480
♪ (SERENE MUSIC PLAYING) ♪
257
00:10:34,480 --> 00:10:37,080
There are, like,
five paps outside.
258
00:10:40,240 --> 00:10:41,240
I didn't see any.
259
00:10:43,280 --> 00:10:44,440
They're not here for you.
260
00:10:52,680 --> 00:10:54,800
(CAR ENGINES RUMBLING)
261
00:10:58,080 --> 00:10:59,560
ROBERT:
There's nobody out there, Yas.
262
00:11:00,760 --> 00:11:01,800
I promise.
263
00:11:04,480 --> 00:11:05,600
Sorry. (CHUCKLES)
264
00:11:07,560 --> 00:11:08,640
They, um...
265
00:11:10,200 --> 00:11:12,840
They really get in your head.
266
00:11:20,240 --> 00:11:21,440
Why don't you come with me?
267
00:11:23,160 --> 00:11:25,920
(CHUCKLES)
I can't promise that I'll be...
268
00:11:26,920 --> 00:11:28,720
exhilarating company, but...
269
00:11:31,080 --> 00:11:32,360
I hired a Zipcar.
270
00:11:34,480 --> 00:11:35,920
I can drive you out of the city.
271
00:11:38,160 --> 00:11:39,760
I really don't see a way out.
272
00:11:44,000 --> 00:11:46,440
You know, a change of setting...
273
00:11:48,720 --> 00:11:52,640
it really helps me
when I'm, you know...
274
00:11:54,120 --> 00:11:56,160
- agitated.
- (CHUCKLES)
275
00:11:56,160 --> 00:11:57,680
(CELL PHONE VIBRATES)
276
00:12:04,080 --> 00:12:06,960
Nope. Nope. Come on. (LAUGHS)
277
00:12:07,840 --> 00:12:10,480
Let's bail.
You know, let's, uh...
278
00:12:11,720 --> 00:12:14,080
Let's mistake
the open road for freedom.
279
00:12:15,280 --> 00:12:16,720
Like all culture teaches us to.
280
00:12:16,720 --> 00:12:18,680
(BOTH LAUGH)
281
00:12:20,200 --> 00:12:21,200
ROBERT: Yeah?
282
00:12:23,360 --> 00:12:24,880
- Okay.
- ROBERT: Yeah, okay.
283
00:12:24,880 --> 00:12:25,960
(CHUCKLES)
284
00:12:27,600 --> 00:12:30,360
Be ready in 20.
I'm grabbing a shower.
285
00:12:39,160 --> 00:12:41,920
- (INDISTINCT CHATTER)
- ♪ (SERENE MUSIC FADES) ♪
286
00:12:42,480 --> 00:12:44,120
Who the hell is this?
287
00:12:45,280 --> 00:12:47,000
Uh, Tom, this is Eric Tao.
288
00:12:47,000 --> 00:12:49,600
Thirty years sales at Pierpoint
across asset classes.
289
00:12:49,600 --> 00:12:52,120
Closest thing
to a loyal lieutenant I have.
290
00:12:52,120 --> 00:12:55,360
If Pierpoint has such a thing
as an institutional memory,
291
00:12:55,360 --> 00:12:56,920
- Tao is it.
- Okay.
292
00:12:56,920 --> 00:12:58,400
♪ (TENSE MUSIC PLAYING) ♪
293
00:12:58,400 --> 00:13:00,960
And how important is history
to us here today?
294
00:13:01,840 --> 00:13:04,440
Well, uh,
given Bill's kind introduction,
295
00:13:04,440 --> 00:13:07,200
I see it as incumbent
on me to say
296
00:13:07,200 --> 00:13:10,400
value is determined by history,
297
00:13:10,400 --> 00:13:12,280
which is indivisible
from legacy.
298
00:13:12,280 --> 00:13:15,720
Institutions like ours
don't pop up overnight.
299
00:13:15,720 --> 00:13:19,160
Too big to fail isn't an insult,
it's a compliment.
300
00:13:19,160 --> 00:13:23,480
Our global interconnectivity
and sheer size are hard-won.
301
00:13:23,480 --> 00:13:26,320
Let's make sure
we let prospective buyers
302
00:13:26,320 --> 00:13:29,080
know that
and value us accordingly.
303
00:13:31,240 --> 00:13:33,320
You're putting yourself
at the center of history.
304
00:13:33,960 --> 00:13:35,200
Humble of you.
305
00:13:35,200 --> 00:13:37,600
Not at all.
I'm putting Pierpoint
306
00:13:37,600 --> 00:13:39,880
at the center
of the economic history
307
00:13:39,880 --> 00:13:42,080
of the 20th and 21st century.
308
00:13:42,080 --> 00:13:44,520
So, your purpose here
is to belabor
309
00:13:44,520 --> 00:13:47,040
how Pierpoint
is a star on the American flag?
310
00:13:47,040 --> 00:13:49,240
This is an American bank.
311
00:13:49,240 --> 00:13:50,680
I need practical thinkers
312
00:13:50,680 --> 00:13:53,240
who present workable options
to me, not zealots.
313
00:13:53,880 --> 00:13:55,680
(CALL TONE CHIMES)
314
00:13:55,680 --> 00:13:58,320
U.S. OPERATOR: Please hold
for the U.S. Treasury secretary.
315
00:13:58,320 --> 00:13:59,800
TREASURY SECRETARY:
(OVER SPEAKER) Tom!
316
00:13:59,800 --> 00:14:01,360
WOLSEY: Madam Secretary.
317
00:14:01,360 --> 00:14:04,360
TREASURY SECRETARY:
Graham filled me
in on the situation.
318
00:14:04,360 --> 00:14:06,160
I don't wanna waste your time.
319
00:14:06,160 --> 00:14:08,560
The Treasury
can't offer you a solution.
320
00:14:08,560 --> 00:14:11,000
Not today. Not tomorrow.
321
00:14:11,600 --> 00:14:12,680
Oh, Jesus.
322
00:14:12,680 --> 00:14:14,320
WOLSEY: You, of all people,
understand the risk
323
00:14:14,320 --> 00:14:15,960
if Pierpoint collapses.
324
00:14:15,960 --> 00:14:17,960
(SCOFFS) We've dropped
another ten percent
325
00:14:17,960 --> 00:14:20,040
the last hour of U.S. trading.
326
00:14:20,040 --> 00:14:22,360
Surely the lesson from '08
327
00:14:22,360 --> 00:14:26,080
is that administration should
act early to stop contagion.
328
00:14:26,080 --> 00:14:29,280
Tell me exactly
where you were in '08, Tom.
329
00:14:29,280 --> 00:14:30,720
If I remember correctly,
330
00:14:30,720 --> 00:14:33,040
I was the vice chair
of the Federal Reserve
331
00:14:33,040 --> 00:14:35,120
and you were, uh, what?
332
00:14:35,120 --> 00:14:37,840
Singing acapella
with the Whiffenpoofs at Yale?
333
00:14:37,840 --> 00:14:40,160
I actually do
a very stirring rendition
334
00:14:40,160 --> 00:14:42,160
of "Radio Ga Ga" to this day.
335
00:14:42,160 --> 00:14:43,600
(TREASURY SECRETARY CHUCKLES)
336
00:14:43,600 --> 00:14:46,440
The lesson from '08
is no more bailouts.
337
00:14:46,440 --> 00:14:49,280
We're not asking
for TARP scale relief here.
338
00:14:49,720 --> 00:14:51,080
'08 happened.
339
00:14:51,080 --> 00:14:55,520
Moral hazard isn't a thing.
Nobody will care.
340
00:14:55,520 --> 00:14:58,320
We're asking for less than
a tenth of the packet.
341
00:14:58,320 --> 00:15:00,480
TREASURY SECRETARY:
You are out of your mind
342
00:15:00,480 --> 00:15:03,520
if you think we're putting
our hands into the coffers
343
00:15:03,520 --> 00:15:08,120
for a financial institution
in an election year?
344
00:15:08,120 --> 00:15:10,120
- (MUTE TONE BEEPS)
- Pull on her heart strings.
345
00:15:10,120 --> 00:15:12,240
- It's worth a shot.
- She's a Democrat.
346
00:15:12,240 --> 00:15:14,400
She only pretends
to have a heart.
347
00:15:14,400 --> 00:15:15,760
Think about what you're doing.
348
00:15:15,760 --> 00:15:18,200
The only person you're hurting
is the man on the street.
349
00:15:18,200 --> 00:15:20,600
The people on the pavement
foot the check.
350
00:15:20,600 --> 00:15:23,000
The people
you're supposed to protect.
351
00:15:23,000 --> 00:15:24,920
TREASURY SECRETARY:
And in the immediacy
352
00:15:24,920 --> 00:15:28,120
the person who is footing
the check eventually
353
00:15:28,120 --> 00:15:32,280
does not want to know
they are footing it right now.
354
00:15:32,280 --> 00:15:34,400
It's an election year.
355
00:15:34,400 --> 00:15:36,160
So, you'll gladly let us fail?
356
00:15:36,160 --> 00:15:39,520
TREASURY SECRETARY:
Oh, you're all
salaried capitalists, right?
357
00:15:39,520 --> 00:15:42,800
Order some Chinese takeout
and find a solution.
358
00:15:42,800 --> 00:15:44,560
I think the president
might have something--
359
00:15:44,560 --> 00:15:46,680
TREASURY SECRETARY:
The president still thinks
360
00:15:46,680 --> 00:15:48,520
we're at war with Japan.
361
00:15:49,200 --> 00:15:51,040
Goodbye and good luck.
362
00:15:51,040 --> 00:15:53,000
(CALL TONE CHIMES, BEEPS)
363
00:15:54,880 --> 00:15:56,000
(EXECUTIVE GRUNTS SOFTLY)
364
00:15:58,280 --> 00:16:00,640
Well, so much
for too-big-to-fail.
365
00:16:01,960 --> 00:16:05,680
Surely, there are a number
of sovereign wealth funds
366
00:16:05,680 --> 00:16:08,120
that would like to grow
their stake in Pierpoint.
367
00:16:08,120 --> 00:16:09,680
- (ADLER CHUCKLES)
- PHILLIP BLOUNT: What? Uh.
368
00:16:09,680 --> 00:16:11,000
Hear me out, hear me out.
369
00:16:11,840 --> 00:16:13,360
Credit Suisse was the last bank
370
00:16:13,360 --> 00:16:14,920
to go through
this kind of thing,
371
00:16:14,920 --> 00:16:17,960
and the Gulf clearly
had a huge appetite
372
00:16:17,960 --> 00:16:19,440
for a legacy banking name.
373
00:16:19,440 --> 00:16:20,600
ADLER: And look how that ended,
374
00:16:20,600 --> 00:16:23,080
with them being subsumed
into UBS, their biggest rival.
375
00:16:23,080 --> 00:16:26,640
I'm sorry, but I think I speak
for our 45,000 employees
376
00:16:26,640 --> 00:16:29,200
when I stand in opposition
to the idea of Pierpoint's name
377
00:16:29,200 --> 00:16:31,680
being used to reputation--
to-- to reputation...
378
00:16:31,680 --> 00:16:32,760
(HESITATES)
379
00:16:32,760 --> 00:16:33,840
- Launder.
- ADLER: Launder.
380
00:16:33,840 --> 00:16:35,080
I know the fucking word.
Thank you.
381
00:16:35,080 --> 00:16:36,880
Reputation launder
that sort of state-backed money.
382
00:16:36,880 --> 00:16:38,000
Right, Eric?
383
00:16:40,600 --> 00:16:45,200
Their values are anathema
to everything we hold dear.
384
00:16:45,200 --> 00:16:47,120
WILHELMINA: Quibbling
over the cultural provenance
385
00:16:47,120 --> 00:16:50,160
of the capital that could
save us feels indulgent.
386
00:16:50,160 --> 00:16:52,560
Could be time for some, uh--
some realpolitik.
387
00:16:52,560 --> 00:16:55,440
Oh, this from Madam ESG.
I-- I guess morals really do
388
00:16:55,440 --> 00:16:56,960
become more flexible
in an emergency.
389
00:16:56,960 --> 00:16:58,640
Or maybe the answer
is closer to home.
390
00:16:58,640 --> 00:17:00,280
Let's take a minute.
391
00:17:00,280 --> 00:17:02,000
Eric, let me steal you. Now.
392
00:17:03,920 --> 00:17:05,640
Phillip, can I have a word?
393
00:17:05,640 --> 00:17:07,800
- BLOUNT: Yeah.
- (INDISTINCT CHATTER)
394
00:17:12,680 --> 00:17:14,480
What the fuck are you doing?
Don't correct me.
395
00:17:14,480 --> 00:17:16,480
I don't need you to finish
my fucking sentences!
396
00:17:16,480 --> 00:17:18,720
- Bill, I was just trying to--
- No, no, no, you listen to me.
397
00:17:19,720 --> 00:17:21,400
It's a royal court in there,
you understand?
398
00:17:21,400 --> 00:17:22,960
WOLSEY: It's getting
rather pungent in here,
399
00:17:22,960 --> 00:17:24,400
isn't it?
Too much meat in the room.
400
00:17:24,400 --> 00:17:25,800
I thought tonight
was more important
401
00:17:25,800 --> 00:17:27,360
than jockeying
for favorite position.
402
00:17:27,360 --> 00:17:29,840
I thought we cared
about the soul of the firm.
403
00:17:29,840 --> 00:17:32,080
We do.
The more senior we become,
404
00:17:32,080 --> 00:17:34,240
the more influence
we have. Listen.
405
00:17:35,600 --> 00:17:38,240
Wilhelmina, she's not the head
of Banking, Asset Management,
406
00:17:38,240 --> 00:17:40,240
Corporate Credit,
but her-- her ideology
407
00:17:40,240 --> 00:17:42,680
gave her a crusader's zeal
to instruct those people.
408
00:17:42,680 --> 00:17:45,400
She wanted to be proven right
and be first on ESG.
409
00:17:47,080 --> 00:17:48,600
That's why
she pushed this shit so hard.
410
00:17:48,600 --> 00:17:50,480
That's-- That's why
we overstretched.
411
00:17:50,480 --> 00:17:51,920
She should be strung up for it.
412
00:17:54,920 --> 00:17:57,160
This is all going
to end in a purge,
413
00:17:57,160 --> 00:17:58,680
which for us means...
414
00:17:59,320 --> 00:18:00,320
a putsch.
415
00:18:03,360 --> 00:18:05,040
How does Eric Tao,
416
00:18:05,040 --> 00:18:07,000
global head
of institutional security
417
00:18:07,000 --> 00:18:08,040
sound to you?
418
00:18:09,880 --> 00:18:11,480
And follow in your slipstream?
419
00:18:11,480 --> 00:18:12,600
(DOOR OPENS)
420
00:18:15,240 --> 00:18:16,240
(DOOR CLOSES)
421
00:18:20,400 --> 00:18:22,120
ERIC: I wonder
what they're talking about.
422
00:18:22,120 --> 00:18:23,880
ADLER:
Whatever outcome suits them.
423
00:18:23,880 --> 00:18:27,160
It's key we lay as much shit
as we can at her feet.
424
00:18:27,160 --> 00:18:29,200
She can be ESG's headstone.
425
00:18:29,200 --> 00:18:30,720
- Bury it beneath her.
- (CELL PHONE VIBRATES)
426
00:18:34,080 --> 00:18:35,400
ADLER: O-fucking-kay.
427
00:18:36,520 --> 00:18:38,280
Mitsubishi is live.
I've been, uh, close to them
428
00:18:38,280 --> 00:18:39,840
since my stint in Tokyo
in the aughts.
429
00:18:39,840 --> 00:18:41,680
I've been priming them
on a capital injection angle
430
00:18:41,680 --> 00:18:42,800
for the last few weeks.
431
00:18:45,080 --> 00:18:46,920
It'll allow us
to fight another day
432
00:18:46,920 --> 00:18:48,520
and keep Pierpoint's autonomy.
433
00:18:48,520 --> 00:18:52,400
When I'm CFO, I'll fucking...
drag you up with me.
434
00:18:52,400 --> 00:18:54,240
I'll place you
anywhere in the world.
435
00:18:55,200 --> 00:18:57,760
How do you still have
the energy for this?
436
00:18:57,760 --> 00:18:59,960
- (CHUCKLING) What else is there?
- (ERIC CHUCKLES)
437
00:19:01,160 --> 00:19:03,000
The action is the juice.
438
00:19:11,280 --> 00:19:13,720
♪ (TENSE MUSIC BUILDS,
CONCLUDES) ♪
439
00:19:13,720 --> 00:19:16,760
♪ ("EASY TO BE HARD"
BY GOOF PLAYING) ♪
440
00:19:19,960 --> 00:19:21,680
ROBERT: They're fundamentally
non-toxic, right?
441
00:19:21,680 --> 00:19:23,280
So, that means
you could get it to be
442
00:19:23,280 --> 00:19:24,480
as integrated
into your daily life
443
00:19:24,480 --> 00:19:26,000
as-- as your morning coffee.
444
00:19:26,000 --> 00:19:27,920
You are talking about
magic mushrooms, right?
445
00:19:27,920 --> 00:19:29,680
ROBERT: The active ingredient
is psilocybin, yeah,
446
00:19:29,680 --> 00:19:31,920
but it's in pharmaceutical form,
in LittleLabs product.
447
00:19:31,920 --> 00:19:34,600
So, surely the whole point
is to get as mashed out
448
00:19:34,600 --> 00:19:36,120
of your own fucking head
as possible?
449
00:19:36,120 --> 00:19:38,560
ROBERT: No, no, it's clearly
an attitudinal thing, you know?
450
00:19:38,560 --> 00:19:42,560
It's about dose and mindset,
setting, you know? It--
451
00:19:43,520 --> 00:19:46,480
It's not about taking
a fucking hero dose
452
00:19:46,480 --> 00:19:48,440
and seeing
the face of God or whatever.
453
00:19:48,440 --> 00:19:51,280
It's-- It's about
an overall heightening
454
00:19:51,280 --> 00:19:53,080
in your day-to-day state,
455
00:19:53,080 --> 00:19:56,480
your introspection,
your-- your compassion.
456
00:19:56,480 --> 00:19:58,120
(SCOFFS) Do I sound stupid?
457
00:19:58,120 --> 00:20:00,320
Word of warning,
you have no idea how annoying
458
00:20:00,320 --> 00:20:02,400
it is just listening
to someone proselytizing
459
00:20:02,400 --> 00:20:03,920
about the benefits
of hallucinogens.
460
00:20:03,920 --> 00:20:06,200
It's like-- It's-- it's just--
It's like you've joined a cult,
461
00:20:06,200 --> 00:20:07,440
- honestly.
- (LAUGHS)
462
00:20:07,440 --> 00:20:10,360
Finally, you're a little more
fucking animated. (CHUCKLES)
463
00:20:10,360 --> 00:20:12,880
Only took you having to put
someone down to get you there.
464
00:20:13,400 --> 00:20:14,560
(YASMIN CHUCKLES SOFTLY)
465
00:20:14,560 --> 00:20:16,880
Anyway, you're missing
the point, you know,
466
00:20:16,880 --> 00:20:20,800
this is just--
It's a chance for me,
467
00:20:20,800 --> 00:20:23,600
you know,
to do something off my own bat.
468
00:20:24,560 --> 00:20:25,560
For once.
469
00:20:29,120 --> 00:20:31,400
- ♪ (SONG STOPS ABRUPTLY) ♪
- (CELL PHONE RINGS, VIBRATES)
470
00:20:31,960 --> 00:20:32,960
YASMIN: It's Maxim.
471
00:20:33,760 --> 00:20:34,920
I can call him back.
472
00:20:36,000 --> 00:20:37,000
I need a piss.
473
00:20:37,000 --> 00:20:38,640
(TURN SIGNAL CLICKING)
474
00:20:38,640 --> 00:20:40,520
(URINE TRICKLING)
475
00:20:42,080 --> 00:20:45,280
- Hey, Maxim. Where are you?
- MAXIM ALONSO: Big Basin?
476
00:20:45,280 --> 00:20:46,640
South of San Fran.
477
00:20:47,840 --> 00:20:49,400
I'm not sure being alone
with my thoughts
478
00:20:49,400 --> 00:20:52,760
is worth the 5,000 dollars
a week I'm paying, but, uh...
479
00:20:52,760 --> 00:20:54,840
Yeah, well,
your mind is squalid enough
480
00:20:54,840 --> 00:20:57,480
to need airing, so it's probably
money well spent.
481
00:20:57,480 --> 00:20:59,440
Look, I'm sorry
for falling out of your life.
482
00:21:00,800 --> 00:21:03,280
I've been dealing
with my own shit, you know?
483
00:21:03,280 --> 00:21:05,880
I saw those appalling photos
of Charlie, and honestly, I...
484
00:21:06,960 --> 00:21:08,840
I couldn't sleep.
485
00:21:08,840 --> 00:21:11,120
You know, I'm supposed to lock
my phone in a lockbox here,
486
00:21:11,120 --> 00:21:13,920
but, uh, who am I kidding?
487
00:21:13,920 --> 00:21:15,200
Just keep having to use it.
488
00:21:17,000 --> 00:21:21,200
YASMIN:
Okay, so, um, what is it?
489
00:21:21,200 --> 00:21:23,480
Look, for all the reservations
I had about your father,
490
00:21:23,480 --> 00:21:25,720
you need to know
the company were complicit
491
00:21:25,720 --> 00:21:27,600
in all of the fucked-up shit
he did.
492
00:21:27,600 --> 00:21:29,960
- ♪ (SUSPENSEFUL MUSIC PLAYING) ♪
- How?
493
00:21:29,960 --> 00:21:33,640
I have some pretty heinous
anti-woke pals at Hanani
494
00:21:33,640 --> 00:21:35,120
who are on the board with me,
495
00:21:35,120 --> 00:21:37,520
and they hate its new hypocrisy.
496
00:21:37,520 --> 00:21:39,080
The NDAs your father had
497
00:21:39,080 --> 00:21:40,720
don't just cover
his personal life.
498
00:21:41,440 --> 00:21:42,560
Some of Charlie's women
499
00:21:42,560 --> 00:21:44,960
only started working
for Hanani Publishing
500
00:21:44,960 --> 00:21:46,600
after they had signed.
501
00:21:46,600 --> 00:21:48,640
Hanani gave them
these made-up jobs,
502
00:21:48,640 --> 00:21:50,840
bogus accounting lines
on the payroll.
503
00:21:50,840 --> 00:21:52,880
Rose and the company
bought their silence for years,
504
00:21:52,880 --> 00:21:53,960
just as much as he did.
505
00:21:53,960 --> 00:21:55,640
They-- They're trying
to make me the face
506
00:21:55,640 --> 00:21:57,440
- of this thing.
- MAXIM: Yeah.
507
00:21:57,440 --> 00:21:59,000
Because
it's an open secret at Hanani,
508
00:21:59,000 --> 00:22:01,080
maybe it's a matter of time
before someone leaks it.
509
00:22:01,920 --> 00:22:03,400
If they feed you
to the press now,
510
00:22:03,400 --> 00:22:04,520
your vestigial board seat
511
00:22:04,520 --> 00:22:06,240
means you'll be
perfectly placed to be tarred
512
00:22:06,240 --> 00:22:07,640
if it ever comes to light.
513
00:22:07,640 --> 00:22:09,160
You're pre-packaged
to take the blame
514
00:22:09,160 --> 00:22:10,800
as you're already the headline.
515
00:22:10,800 --> 00:22:13,560
That sneaky, little cunt.
516
00:22:13,560 --> 00:22:16,520
MAXIM: Look, someone slipped me
a screenshot of the payrolls.
517
00:22:16,520 --> 00:22:18,760
The women with the NDAs
have a check next to their name.
518
00:22:18,760 --> 00:22:20,600
What-- Can--
Can you send it to me?
519
00:22:20,600 --> 00:22:22,200
MAXIM: Yeah, I can,
but it's probably illegal
520
00:22:22,200 --> 00:22:24,080
to send this kind
of proprietary information.
521
00:22:24,080 --> 00:22:25,680
Your lawyer
will advise you not to use it,
522
00:22:25,680 --> 00:22:27,720
but I'll send it along.
523
00:22:27,720 --> 00:22:30,000
I just don't think they should
be compounding your guilt--
524
00:22:30,000 --> 00:22:32,760
sorry, grief.
525
00:22:32,760 --> 00:22:35,160
I don't want to tell you
how to feel about him.
526
00:22:35,160 --> 00:22:37,560
You know, I think Charlie
found it difficult
527
00:22:37,560 --> 00:22:38,920
to see people as people.
528
00:22:39,800 --> 00:22:41,480
Yeah, you don't fucking say.
529
00:22:42,600 --> 00:22:44,200
- (CELL PHONE THUDS)
- (SIGHS)
530
00:22:46,600 --> 00:22:47,600
Take care.
531
00:22:54,120 --> 00:22:55,720
♪ (SUSPENSEFUL MUSIC FADES) ♪
532
00:22:55,720 --> 00:22:58,000
- Is everything all right?
- Yeah. (CHUCKLES DRYLY)
533
00:22:58,000 --> 00:23:01,240
Super fucking duper.
So, this is it, right?
534
00:23:02,920 --> 00:23:04,240
This is the product
that you're selling?
535
00:23:04,240 --> 00:23:06,600
- If you get the job?
- Uh, yeah. Uh...
536
00:23:06,600 --> 00:23:08,680
Probably isn't the place
to take it properly, though.
537
00:23:10,040 --> 00:23:11,040
Right.
538
00:23:13,800 --> 00:23:14,800
(SIGHS)
539
00:23:17,880 --> 00:23:18,880
You hungry?
540
00:23:19,880 --> 00:23:21,640
(CHUCKLES, SNIFFLES) Yeah.
541
00:23:22,240 --> 00:23:23,240
(SNIFFLES)
542
00:23:24,600 --> 00:23:26,800
- Yeah, I'm fucking starving.
- (BOTH CHUCKLE)
543
00:23:26,800 --> 00:23:28,920
♪ ("21ST CENTURY LIVING"
BY TOMMY DOWN PLAYING) ♪
544
00:23:28,920 --> 00:23:30,600
ROBERT: (SIGHS) Come on, then.
545
00:23:32,200 --> 00:23:34,080
RECEPTIONIST: Oh, gosh. I do it
all the time. It's great.
546
00:23:34,080 --> 00:23:36,520
- ROBERT: Yeah?
- RECEPTIONIST: Yeah. (CHUCKLES)
547
00:23:36,520 --> 00:23:39,680
So, the rooms are next
to each other, six and seven.
548
00:23:39,680 --> 00:23:42,240
- Sorry that we're so late.
- (KEYS JINGLING)
549
00:23:42,240 --> 00:23:45,320
Um, checkout is at 11:00
and breakfast is from 7:00.
550
00:23:45,320 --> 00:23:47,040
- Great, thank you.
- RECEPTIONIST: Thanks.
551
00:23:47,040 --> 00:23:48,520
Just as a pre-warning,
552
00:23:48,520 --> 00:23:51,960
the, um, kettle in your room
is a little bit iffy.
553
00:23:51,960 --> 00:23:54,440
Oh, is there any way that
I could get one that works?
554
00:23:54,920 --> 00:23:56,560
Not tonight, sadly.
555
00:23:58,320 --> 00:24:00,720
It's just, it's a pretty basic
amenity though, no?
556
00:24:00,720 --> 00:24:03,560
Um, she can use mine,
it's all right.
557
00:24:03,560 --> 00:24:05,760
(CHUCKLES) Uh, right,
I'm gonna go dump the bags
558
00:24:05,760 --> 00:24:06,800
and then we'll grab a bite?
559
00:24:06,800 --> 00:24:08,240
- Mm-hmm.
- ROBERT: Uh, thank you.
560
00:24:08,240 --> 00:24:10,240
- Thank you, enjoy your stay.
- Cheers, thank you.
561
00:24:13,680 --> 00:24:15,800
RECEPTIONIST:
So, do you two work together?
562
00:24:16,880 --> 00:24:19,040
No, we're a couple.
563
00:24:19,040 --> 00:24:22,880
Oh, I just, um-- I thought
with the separate rooms--
564
00:24:22,880 --> 00:24:24,920
We're very religious.
Do you have a lighter?
565
00:24:25,920 --> 00:24:26,920
Yes.
566
00:24:30,760 --> 00:24:32,520
DENISE OLDROYD: (OVER PHONE)
Yeah, I got your email.
567
00:24:32,520 --> 00:24:34,200
What do you expect me
to do with this?
568
00:24:34,200 --> 00:24:36,520
W-- I mean, it's leverage, no?
569
00:24:36,520 --> 00:24:38,560
It's, like, evidence
of their complicity.
570
00:24:38,560 --> 00:24:40,240
This is on Rose's head.
571
00:24:40,240 --> 00:24:42,240
DENISE: Have you thought
about what making this public
572
00:24:42,240 --> 00:24:43,760
would do to the victims?
573
00:24:43,760 --> 00:24:47,120
These women, like you,
have been through a lot.
574
00:24:47,120 --> 00:24:49,440
Leaking this to the public
would re-traumatize them.
575
00:24:49,440 --> 00:24:51,400
I didn't think about that, no.
576
00:24:51,400 --> 00:24:53,440
DENISE: A publicity battle
is gonna be very hard,
577
00:24:53,440 --> 00:24:54,960
but we can win it.
578
00:24:56,000 --> 00:24:57,440
They go low, we go high.
579
00:24:57,840 --> 00:24:58,840
All right?
580
00:24:59,760 --> 00:25:01,400
- Speak later.
- (SIGHS)
581
00:25:06,120 --> 00:25:08,480
♪ (TENSE MUSIC PLAYING) ♪
582
00:25:10,200 --> 00:25:11,360
♪ (TENSE MUSIC CONCLUDES) ♪
583
00:25:11,360 --> 00:25:13,600
- (INDISTINCT CHATTER)
- That cunt never answers.
584
00:25:13,600 --> 00:25:15,600
Tom, Tom,
I've engaged Mitsubishi
585
00:25:15,600 --> 00:25:17,200
- in substantive talks...
- WILHELMINA: Uh...
586
00:25:17,200 --> 00:25:18,920
- ADLER: ...regarding a--
- Uh, Michael-- Sorry.
587
00:25:18,920 --> 00:25:21,560
Michael Stone from Barclays
is on his way into the building.
588
00:25:21,560 --> 00:25:24,760
Michael and I
have a personal relationship.
589
00:25:25,920 --> 00:25:27,840
Horse-driven, mostly.
590
00:25:27,840 --> 00:25:31,560
Off the record, they've always
been interested in our business.
591
00:25:31,560 --> 00:25:34,880
Okay, so what's the play?
Sell a division?
592
00:25:34,880 --> 00:25:38,120
They did do that with Lehman's
core North American operations.
593
00:25:38,120 --> 00:25:41,720
Given that our share price
has now closed at 35 dollars,
594
00:25:41,720 --> 00:25:44,000
we are, by all accounts,
a distressed asset.
595
00:25:44,000 --> 00:25:45,480
They might weigh
buying us wholesale.
596
00:25:45,480 --> 00:25:47,960
(SCOFFS) We need
strategic investment,
597
00:25:47,960 --> 00:25:49,200
not a sale.
598
00:25:49,200 --> 00:25:51,920
In our 150th year,
we cannot become a subsidiary
599
00:25:51,920 --> 00:25:54,000
to a fucking
British high street bank.
600
00:25:54,000 --> 00:25:55,880
I appreciate how romantic a soul
601
00:25:55,880 --> 00:25:57,840
you have
in a room like this, truly,
602
00:25:57,840 --> 00:25:59,360
but we need to be practical.
603
00:25:59,360 --> 00:26:02,320
Barclays buying Pierpoint
may be our best option.
604
00:26:02,320 --> 00:26:04,080
♪ (TENSE MUSIC PLAYING) ♪
605
00:26:04,080 --> 00:26:05,280
Mr. Stone, welcome.
606
00:26:05,280 --> 00:26:06,960
MICHAEL STONE:
Oh, call me Michael, please.
607
00:26:06,960 --> 00:26:08,240
WOLSEY'S ASSISTANT:
Please, this way.
608
00:26:12,720 --> 00:26:14,280
(CELL PHONE VIBRATES)
609
00:26:15,520 --> 00:26:17,120
- Yeah?
- RISHI: Yeah, H.
610
00:26:17,120 --> 00:26:19,960
Listen, you might have
hit your take-profit level.
611
00:26:19,960 --> 00:26:21,400
The Barclays CEO just arrived
612
00:26:21,400 --> 00:26:23,600
and he looks
like he means business.
613
00:26:23,600 --> 00:26:25,600
And Pierpoint's stock
will rip on any merger
614
00:26:25,600 --> 00:26:28,040
or takeover chatter.
That's Nagasaki for your short.
615
00:26:28,040 --> 00:26:29,400
HARPER: It's definitely him?
616
00:26:29,400 --> 00:26:31,480
Oh, yeah,
and he looks horny for assets.
617
00:26:32,200 --> 00:26:33,240
HARPER: Thanks.
618
00:26:33,240 --> 00:26:36,400
Um, hey, you know,
I can't hire three people, Rish.
619
00:26:36,400 --> 00:26:37,600
What do you wanna do?
620
00:26:39,680 --> 00:26:42,000
Babes, come on.
You know it's only ever been me.
621
00:26:44,520 --> 00:26:47,400
Okay, um, come in after this
all shakes out and we'll talk.
622
00:26:49,440 --> 00:26:52,240
And how would the floor
take a sale to fucking Barclays?
623
00:26:52,240 --> 00:26:54,280
- ♪ (TENSE MUSIC CONCLUDES) ♪
- Maybe they just want
624
00:26:54,280 --> 00:26:56,240
somewhere to come to work.
625
00:26:56,240 --> 00:26:57,840
ADLER: You don't have
20 years of options.
626
00:26:57,840 --> 00:26:59,400
I've never sold a goddamn share.
627
00:26:59,400 --> 00:27:01,280
A Brit takeover
would decimate it all.
628
00:27:01,280 --> 00:27:03,120
BLOUNT:
You could keep your deferreds.
629
00:27:04,080 --> 00:27:05,080
Chump change.
630
00:27:05,080 --> 00:27:06,880
So, now we see
your real motivation.
631
00:27:08,000 --> 00:27:09,480
ADLER:
And what's your motivation?
632
00:27:09,480 --> 00:27:11,080
Brokering a deal
that obliterates us
633
00:27:11,080 --> 00:27:13,360
so long as you're central enough
to keep your seat at the table?
634
00:27:13,360 --> 00:27:14,480
You know what?
635
00:27:14,480 --> 00:27:16,160
I think I've finally made up
my mind about you.
636
00:27:16,160 --> 00:27:17,280
Oh, go on.
637
00:27:17,280 --> 00:27:19,120
- Please, enlighten me.
- You want to take this offline?
638
00:27:19,120 --> 00:27:21,000
(LAUGHS) Does that fake
macho bullshit ever actually--
639
00:27:21,000 --> 00:27:23,120
You have the imagination
of a fucking--
640
00:27:23,120 --> 00:27:24,560
- BLOUNT: Michael!
- MICHAEL: Phillip.
641
00:27:24,560 --> 00:27:27,160
Hi. Hi. Wilhelmina.
642
00:27:27,160 --> 00:27:28,760
- We spoke on the phone.
- MICHAEL: Yes, we did.
643
00:27:28,760 --> 00:27:30,040
- Hi.
- WILHELMINA:
Nice to see you. Hi.
644
00:27:30,040 --> 00:27:31,120
WOLSEY: Tom Wolsey.
645
00:27:32,200 --> 00:27:33,840
(INDISTINCT CHATTER)
646
00:27:33,840 --> 00:27:35,360
- ROBERT: Oi, oi.
- YASMIN: Ah.
647
00:27:35,920 --> 00:27:37,040
Bon appétit. (CHUCKLES)
648
00:27:37,040 --> 00:27:39,440
YASMIN: What the fuck
is that? (CHUCKLES)
649
00:27:39,440 --> 00:27:41,120
- ROBERT: Are you kidding?
- No.
650
00:27:41,120 --> 00:27:42,720
I got them to put scraps on
and everything.
651
00:27:42,720 --> 00:27:44,680
YASMIN: Honestly, what is it?
652
00:27:44,680 --> 00:27:46,280
What-- It's a battered sausage.
653
00:27:46,280 --> 00:27:48,520
I'm not eating
a battered sausage. (LAUGHS)
654
00:27:48,520 --> 00:27:50,080
Have a chip, at least.
655
00:27:50,080 --> 00:27:51,800
- YASMIN: Okay.
- ROBERT: Don't be such a snob.
656
00:27:54,360 --> 00:27:55,360
(BATTER CRUNCHES)
657
00:27:56,200 --> 00:27:57,440
How perfect is this?
658
00:28:00,480 --> 00:28:01,480
YASMIN: Hmm.
659
00:28:08,840 --> 00:28:09,960
You know, um...
660
00:28:11,760 --> 00:28:14,240
you could probably invite
that impressionable, young girl
661
00:28:14,240 --> 00:28:16,320
up to your room
and fuck her silly.
662
00:28:17,480 --> 00:28:20,440
'Cause... (CLEARS THROAT)
...there's not gonna be any...
663
00:28:21,240 --> 00:28:23,520
room hopping tonight here.
664
00:28:23,520 --> 00:28:26,880
Just FYI, you know,
as fun as that might be.
665
00:28:26,880 --> 00:28:27,960
What are you doing?
666
00:28:29,160 --> 00:28:30,160
What do you mean?
667
00:28:31,320 --> 00:28:32,600
You don't have to.
668
00:28:32,600 --> 00:28:34,720
(WAVES LAPPING)
669
00:28:36,640 --> 00:28:38,880
(QUIVERING)
Not everything with us
has to be a fucking game.
670
00:28:41,200 --> 00:28:44,800
Whatever vulnerability
that you're feeling right now...
671
00:28:45,920 --> 00:28:46,920
sit in it.
672
00:28:48,600 --> 00:28:49,600
All right?
673
00:28:51,600 --> 00:28:52,600
'Cause we are--
674
00:28:53,200 --> 00:28:55,160
We are beyond the game.
675
00:28:58,640 --> 00:28:59,720
Sorry.
676
00:29:00,560 --> 00:29:01,560
(SNIFFLES)
677
00:29:11,760 --> 00:29:12,760
I'm sorry.
678
00:29:15,360 --> 00:29:16,880
I don't know
why I act like that.
679
00:29:21,680 --> 00:29:22,680
(SNIFFLES)
680
00:29:26,720 --> 00:29:28,200
(SNIFFLES) I don't know.
681
00:29:28,200 --> 00:29:30,920
I'm good at making people feel
like I love them.
682
00:29:33,240 --> 00:29:34,400
But, um...
683
00:29:36,440 --> 00:29:37,880
I don't know that I ever have.
684
00:29:41,200 --> 00:29:42,200
Have you?
685
00:29:44,800 --> 00:29:45,800
Yeah.
686
00:29:49,640 --> 00:29:51,240
Girlfriend at school, Izzy Boon.
687
00:29:51,240 --> 00:29:53,880
- I was fucking obsessed.
- (LAUGHS)
688
00:29:57,040 --> 00:29:58,840
(CHUCKLES)
689
00:30:01,720 --> 00:30:03,920
YASMIN:
It's just my first instinct.
690
00:30:03,920 --> 00:30:05,520
Whenever I feel anything,
691
00:30:06,200 --> 00:30:10,880
like... love or care, um,
692
00:30:10,880 --> 00:30:13,200
I just want to make it ugly
as quickly as I possibly can.
693
00:30:13,200 --> 00:30:15,000
You know,
turn it into something else.
694
00:30:15,000 --> 00:30:17,880
(SNIFFLES) Turn it into sex.
You know, anything else.
695
00:30:17,880 --> 00:30:19,600
♪ (SOFT MUSIC PLAYING) ♪
696
00:30:19,600 --> 00:30:20,680
Right.
697
00:30:28,080 --> 00:30:29,320
I don't know what to say.
698
00:30:30,840 --> 00:30:31,840
(SNIFFLES)
699
00:30:37,040 --> 00:30:38,440
Uh, all I know is...
700
00:30:42,000 --> 00:30:43,680
is that for the first time...
701
00:30:45,640 --> 00:30:46,680
in a long time...
702
00:30:49,160 --> 00:30:50,840
I've got this feeling
in my stomach.
703
00:30:54,360 --> 00:30:55,600
I couldn't work out what it was.
704
00:30:59,080 --> 00:31:00,200
But I know now...
705
00:31:02,600 --> 00:31:04,160
that it's anticipation.
706
00:31:06,840 --> 00:31:08,480
It's excitement for the future.
707
00:31:30,320 --> 00:31:32,640
♪ (SOFT MUSIC CONTINUES) ♪
708
00:31:40,560 --> 00:31:41,720
(KEYS JINGLING)
709
00:31:53,200 --> 00:31:55,640
- (DOOR CLOSES)
- ♪ (SOFT MUSIC FADES) ♪
710
00:32:01,160 --> 00:32:02,440
Our short is about to turn.
711
00:32:07,480 --> 00:32:08,480
How do you know?
712
00:32:09,120 --> 00:32:12,320
Uh, well, um...
713
00:32:12,920 --> 00:32:14,320
(INHALES) Listen, I--
714
00:32:14,320 --> 00:32:16,160
I think we
are diametrically opposed
715
00:32:16,160 --> 00:32:17,720
when it comes
to the relationship
716
00:32:17,720 --> 00:32:19,920
between information
and how it's traded upon, right?
717
00:32:19,920 --> 00:32:23,360
I think everything and everyone
718
00:32:23,360 --> 00:32:26,200
is moving
in a big sludge of gray.
719
00:32:26,200 --> 00:32:27,880
Don't over-intellectualize
this shit.
720
00:32:27,880 --> 00:32:29,000
What have you done?
721
00:32:30,760 --> 00:32:31,920
I have it on good authority
722
00:32:31,920 --> 00:32:33,400
Michael Stone
has just gone into Pierpoint.
723
00:32:33,400 --> 00:32:35,400
It's an acquisition target.
724
00:32:35,400 --> 00:32:38,040
We need to take profit
before they buy it,
725
00:32:38,040 --> 00:32:40,240
and Pierpoint stock rallies.
726
00:32:40,240 --> 00:32:42,280
Uh-uh. No.
I don't think we should do that.
727
00:32:43,320 --> 00:32:44,680
Why?
728
00:32:44,680 --> 00:32:48,720
Think about the risk-reward.
I mean, what percentage chance
729
00:32:48,720 --> 00:32:51,680
do you ascribe to him
being there to buy it?
730
00:32:51,680 --> 00:32:56,600
I mean, like a hundred percent?
It's too big a coincidence.
731
00:32:56,600 --> 00:32:59,400
They're throwing a party
for financial luminaries, no?
732
00:32:59,400 --> 00:33:01,640
And look, I mean,
even if it's true,
733
00:33:01,640 --> 00:33:03,880
so the stock
gets a bump on the headline.
734
00:33:03,880 --> 00:33:05,320
I mean,
what about the due diligence,
735
00:33:05,320 --> 00:33:06,440
the regulator, the government?
736
00:33:06,440 --> 00:33:08,000
Balance that against
what we stand to gain
737
00:33:08,000 --> 00:33:10,480
if we hold the line,
if Pierpoint trades to zero.
738
00:33:10,480 --> 00:33:11,720
Where's your stomach?
739
00:33:11,720 --> 00:33:13,680
HARPER: I just don't know what
it looks like to the regulator
740
00:33:13,680 --> 00:33:15,360
if we're always
on the right side of this trade
741
00:33:15,360 --> 00:33:17,120
at precisely the right time.
742
00:33:17,120 --> 00:33:18,680
(CLOCK TOWER BELL
RINGING IN DISTANCE)
743
00:33:18,680 --> 00:33:20,120
PETRA KOENIG:
What aren't you telling me?
744
00:33:21,320 --> 00:33:24,960
HARPER: Um, again,
moving forward with honesty...
745
00:33:24,960 --> 00:33:27,160
♪ (SUSPENSEFUL MUSIC PLAYING) ♪
746
00:33:27,160 --> 00:33:29,520
...I know Pierpoint
are terminally ill.
747
00:33:30,680 --> 00:33:32,200
How?
748
00:33:32,200 --> 00:33:35,160
I overheard it. In the toilet.
749
00:33:38,560 --> 00:33:39,600
In Pierpoint?
750
00:33:42,880 --> 00:33:45,000
Holy fucking
cunting Christ. I...
751
00:33:46,240 --> 00:33:50,680
Okay, that is a completely
different beast.
752
00:33:50,680 --> 00:33:52,120
I mean, trading on anything
753
00:33:52,120 --> 00:33:53,880
that you hear in there
is privileged information.
754
00:33:53,880 --> 00:33:55,120
They... they know
we were in there.
755
00:33:55,120 --> 00:33:56,600
There's-- there's cameras,
there's records.
756
00:33:56,600 --> 00:33:59,200
Okay, but like,
how is an SEC FCA investigation
757
00:33:59,200 --> 00:34:01,360
gonna put anything together
based on that?
758
00:34:01,360 --> 00:34:04,160
It would be speculative at best.
759
00:34:04,160 --> 00:34:06,360
What, we took a meeting
and placed a short?
760
00:34:06,360 --> 00:34:08,040
Lock us up,
throw away the key, come on.
761
00:34:08,040 --> 00:34:09,160
PETRA: Okay, okay.
762
00:34:09,160 --> 00:34:11,880
The whole thing is fucking
information soup.
763
00:34:11,880 --> 00:34:13,760
That is the point.
764
00:34:13,760 --> 00:34:15,640
(GROANS, EXHALES SHARPLY)
765
00:34:18,280 --> 00:34:20,920
You've backed us
into a major fucking corner.
766
00:34:23,680 --> 00:34:24,800
Okay, well...
767
00:34:26,120 --> 00:34:27,160
I've said my piece.
768
00:34:28,720 --> 00:34:29,720
Yeah.
769
00:34:32,520 --> 00:34:34,520
- (SIGHS)
- ♪ (SUSPENSEFUL MUSIC FADES) ♪
770
00:34:34,520 --> 00:34:35,840
MICHAEL: People damn Lehman
771
00:34:35,840 --> 00:34:38,040
because of poor
risk management in one area.
772
00:34:38,840 --> 00:34:40,080
Housing derivatives.
773
00:34:40,080 --> 00:34:41,880
But we benefited hugely
774
00:34:41,880 --> 00:34:44,720
from acquiring the bond trading
and EM businesses.
775
00:34:44,720 --> 00:34:46,960
I'm sure Pierpoint's suite
will be
776
00:34:46,960 --> 00:34:49,600
similarly exciting,
synergistically, for us.
777
00:34:49,600 --> 00:34:51,120
We can give the market
the soft signal
778
00:34:51,120 --> 00:34:53,440
this is happening
and allay the share price.
779
00:34:53,440 --> 00:34:56,280
Stave off any more panic.
Give us some breathing room.
780
00:34:56,280 --> 00:34:58,480
Can I ask,
would we be Barclays-Pierpoint
781
00:34:58,480 --> 00:34:59,960
or Pierpoint-Barclays?
782
00:34:59,960 --> 00:35:01,480
Do we care about the cosmetics?
783
00:35:01,480 --> 00:35:03,560
As someone who's been here
longer than a fortnight,
784
00:35:03,560 --> 00:35:05,160
you should care about
the weight of our name.
785
00:35:05,160 --> 00:35:06,240
If you're addressing me,
786
00:35:06,240 --> 00:35:07,600
could you look me
in the face, please?
787
00:35:07,600 --> 00:35:09,120
(SCOFFS SOFTLY)
788
00:35:09,120 --> 00:35:10,920
Do we care about saving the name
789
00:35:10,920 --> 00:35:13,200
or saving the jobs
of the people who work for us?
790
00:35:13,200 --> 00:35:14,480
Well, maybe you can tell us.
791
00:35:15,160 --> 00:35:16,600
Or maybe our potential suitor
792
00:35:16,600 --> 00:35:18,440
is best placed
to answer that question.
793
00:35:21,200 --> 00:35:25,280
You guys are trading off
a 150-year reputation,
794
00:35:26,000 --> 00:35:27,960
which we respect, of course.
795
00:35:29,240 --> 00:35:30,920
But practically,
796
00:35:30,920 --> 00:35:34,000
we are interested
in your infrastructure.
797
00:35:35,240 --> 00:35:39,000
Now, as time is of the essence,
I'll make some phone calls.
798
00:35:39,000 --> 00:35:41,320
I mean, you know, that is
if you're still interested.
799
00:35:41,320 --> 00:35:42,560
(CHUCKLES) Please.
800
00:35:44,880 --> 00:35:47,680
♪ (CONTEMPLATIVE MUSIC
PLAYING) ♪
801
00:35:48,480 --> 00:35:49,600
Tell me how
that was appropriate.
802
00:35:49,600 --> 00:35:51,280
ADLER: What's inappropriate
is not drilling down
803
00:35:51,280 --> 00:35:52,800
on what this guy
means by infrastructure.
804
00:35:52,800 --> 00:35:54,480
Is that our-- our tech,
our terminals?
805
00:35:54,480 --> 00:35:56,480
Is that the fucking building
in Midtown? What?
806
00:35:56,480 --> 00:35:57,880
I'm sure that'll be shaken out.
807
00:35:58,880 --> 00:36:00,000
Go fuck yourself.
808
00:36:01,880 --> 00:36:04,320
I do that regularly, thank you.
809
00:36:04,320 --> 00:36:07,280
Can I ask what the actual fuck
it is you're doing here?
810
00:36:07,280 --> 00:36:08,360
You're barely 40.
811
00:36:08,360 --> 00:36:10,760
You're a fucking
British management consultant.
812
00:36:10,760 --> 00:36:12,040
Bill, calm down.
813
00:36:12,040 --> 00:36:13,960
What we need
is a capital injection
814
00:36:13,960 --> 00:36:15,760
so we're not backed
into a corner
815
00:36:15,760 --> 00:36:17,160
and into a deal
not on our terms.
816
00:36:17,160 --> 00:36:18,320
We need thinking time.
817
00:36:18,320 --> 00:36:20,240
It's a Band-Aid.
A Band-Aid is not a solution.
818
00:36:20,240 --> 00:36:21,840
Mitsubishi will tide us over.
819
00:36:21,840 --> 00:36:24,640
They want us to be us
with no stipulations.
820
00:36:24,640 --> 00:36:27,080
There is no such thing
as free money.
821
00:36:30,160 --> 00:36:32,080
We will thrash out
a palatable acquisition
822
00:36:32,080 --> 00:36:33,640
multiple for all parties,
823
00:36:33,640 --> 00:36:35,760
but I guess
we can now shake hands.
824
00:36:35,760 --> 00:36:36,880
(LAUGHS)
825
00:36:36,880 --> 00:36:38,600
That's pending dotting the i's
and crossing the t's
826
00:36:38,600 --> 00:36:40,480
for the regulator.
827
00:36:40,480 --> 00:36:43,520
And we'll pen an announcement
to cushion the share price.
828
00:36:43,520 --> 00:36:45,160
- WILHELMINA: This is great news.
- MICHAEL: Yeah.
829
00:36:46,320 --> 00:36:48,400
(INDISTINCT CHATTER)
830
00:36:51,000 --> 00:36:52,600
ADLER: So, this
is what death feels like.
831
00:36:53,720 --> 00:36:55,480
One hundred and fifty years
to build it.
832
00:36:57,360 --> 00:36:59,560
Two-minute phone call
to bring it all down.
833
00:37:18,080 --> 00:37:19,560
Bill can't behave like that
834
00:37:19,560 --> 00:37:21,600
when the rest of Barclays
management come in.
835
00:37:24,120 --> 00:37:25,560
He has our best interests--
836
00:37:25,560 --> 00:37:28,000
Has he promised you the world
if he comes out on top?
837
00:37:30,520 --> 00:37:32,280
He has a habit of doing that.
838
00:37:33,760 --> 00:37:36,440
Why is he turning this
into a political zero-sum game?
839
00:37:37,840 --> 00:37:39,920
These factions,
it's child's play.
840
00:37:39,920 --> 00:37:42,040
If we play this right
and quell the infighting,
841
00:37:42,040 --> 00:37:43,680
everyone in the room
will be safe.
842
00:37:43,680 --> 00:37:47,160
Do-- Do I count as in the room?
843
00:37:49,320 --> 00:37:51,000
Get in Bill's ear,
that's how you count.
844
00:37:52,440 --> 00:37:53,920
Bring him to heel.
845
00:37:53,920 --> 00:37:55,400
Convince him not to embarrass us
846
00:37:55,400 --> 00:37:57,600
in front of the people
who are offering us a lifeline.
847
00:37:58,840 --> 00:37:59,960
(SCOFFS)
848
00:37:59,960 --> 00:38:02,440
You don't buy that BS
about the workforce, do you?
849
00:38:04,040 --> 00:38:06,600
The guy usually pops a chub
for reducing head count.
850
00:38:07,360 --> 00:38:08,480
He's weaponizing them.
851
00:38:10,080 --> 00:38:11,160
He's self-interested.
852
00:38:11,160 --> 00:38:13,960
He just wants to play Christ
with the Mitsubishi plan.
853
00:38:14,720 --> 00:38:16,840
We both know
it's not gonna work.
854
00:38:16,840 --> 00:38:20,280
And as far as he's concerned,
you're a useful idiot.
855
00:38:28,640 --> 00:38:30,200
(WATER BURBLING)
856
00:38:30,200 --> 00:38:32,520
(YASMIN BREATHING DEEPLY)
857
00:38:32,520 --> 00:38:34,520
♪ (CONTEMPLATIVE MUSIC
CONCLUDES) ♪
858
00:38:37,680 --> 00:38:40,600
♪ ("MODULAR 4"
BY GODFORD PLAYING) ♪
859
00:39:10,360 --> 00:39:12,920
PETRA: Otto, look,
I wouldn't be calling you
860
00:39:12,920 --> 00:39:15,200
if it wasn't a last resort,
and I feel terrible
861
00:39:15,200 --> 00:39:16,680
about going behind her back,
862
00:39:16,680 --> 00:39:19,040
but I need
my working relationships
863
00:39:19,040 --> 00:39:24,600
to be predicated on trust,
and on that basis, I, uh--
864
00:39:24,600 --> 00:39:27,320
I think it's becoming
untenable with Harper.
865
00:39:27,320 --> 00:39:28,920
Are you coming to bed?
866
00:39:28,920 --> 00:39:31,000
OTTO MOSTYN: Hmm. You're one
of my best performing projects.
867
00:39:31,000 --> 00:39:32,520
What's happened?
868
00:39:32,520 --> 00:39:35,880
PETRA: She's being reckless
with our AUM.
869
00:39:35,880 --> 00:39:37,040
Reckless how?
870
00:39:38,520 --> 00:39:39,520
Legally.
871
00:39:40,320 --> 00:39:41,360
OTTO: Hmm.
872
00:39:41,360 --> 00:39:43,800
You mean she's reckless
with my money?
873
00:39:43,800 --> 00:39:47,600
That is simply something
I cannot countenance.
874
00:39:49,320 --> 00:39:50,400
♪ (SONG CONCLUDES) ♪
875
00:39:50,400 --> 00:39:52,040
I'm sick of talking
around the fact
876
00:39:52,040 --> 00:39:54,840
that you are solely to blame
for Pierpoint's insolvency.
877
00:39:54,840 --> 00:39:57,760
It was a strategy
agreed upon by a committee.
878
00:39:57,760 --> 00:39:59,280
It was only a committee
when it failed.
879
00:39:59,280 --> 00:40:00,320
WILHELMINA: Bill, can...
880
00:40:04,240 --> 00:40:06,400
I have bad news.
881
00:40:07,320 --> 00:40:08,520
(SMACKS LIPS) Um...
882
00:40:10,160 --> 00:40:11,600
We need significantly more time
883
00:40:11,600 --> 00:40:13,400
to get us over the line
with the regulator.
884
00:40:13,400 --> 00:40:15,360
We don't have any more time.
885
00:40:15,360 --> 00:40:17,400
(SIGHS) Talk straight.
What's going on?
886
00:40:17,400 --> 00:40:18,680
♪ (SUSPENSEFUL MUSIC PLAYING) ♪
887
00:40:18,680 --> 00:40:20,600
Well, between us,
I've just got off the phone
888
00:40:20,600 --> 00:40:21,680
with the chancellor,
889
00:40:21,680 --> 00:40:24,040
and he understands
the gravity of the situation,
890
00:40:24,040 --> 00:40:26,240
but he can't be seen
to be ratifying
891
00:40:26,240 --> 00:40:28,280
the effective bailout
of another bank.
892
00:40:28,280 --> 00:40:30,160
He's on thin ice as it is,
893
00:40:30,160 --> 00:40:33,080
and he's got this bloody caucus
of populist Tory backbenchers
894
00:40:33,080 --> 00:40:35,120
making his life... hell.
895
00:40:36,840 --> 00:40:39,680
So, yeah.
Sorry, I can't be of more help.
896
00:40:40,280 --> 00:40:41,320
So, what? We--
897
00:40:41,320 --> 00:40:44,080
We're just at the mercy
of someone else's ambition.
898
00:40:45,720 --> 00:40:46,760
Aren't we always?
899
00:40:48,920 --> 00:40:50,400
Look, I need to get some sleep.
900
00:40:51,960 --> 00:40:52,960
Best of luck.
901
00:40:56,800 --> 00:40:58,440
WOLSEY: Fuck!
902
00:40:58,920 --> 00:40:59,920
(DOOR CLOSES)
903
00:40:59,920 --> 00:41:02,040
EDDIE: So, this is
what we have at the moment.
904
00:41:03,320 --> 00:41:05,720
The chancellor
now looks like an ally
905
00:41:05,720 --> 00:41:08,360
of the financial sector's
lawlessness
906
00:41:08,360 --> 00:41:10,880
and weak for kowtowing
907
00:41:10,880 --> 00:41:13,440
to an influential group
of backbenchers.
908
00:41:14,080 --> 00:41:15,440
Led by his successor.
909
00:41:16,680 --> 00:41:19,360
Are we ready for that move?
910
00:41:19,360 --> 00:41:20,880
ALEXANDER NORTON:
Maybe after the election.
911
00:41:20,880 --> 00:41:23,400
(KEYBOARD KEYS CLACKING)
912
00:41:23,400 --> 00:41:26,280
But these headlines
won't hurt your chances.
913
00:41:31,080 --> 00:41:33,080
Eddie, thank you
for staying so late.
914
00:41:33,080 --> 00:41:35,600
Let's have this online
before the country wakes up.
915
00:41:35,920 --> 00:41:37,280
Got it.
916
00:41:37,280 --> 00:41:41,000
♪ ("YOU MAKE ME FEEL
(MIGHTY REAL)" BY JIMMY
SOMERVILLE PLAYING) ♪
917
00:41:41,000 --> 00:41:42,480
SWEETPEA:
If he thinks this leads
918
00:41:42,480 --> 00:41:46,360
to a fashion-adjacent lifestyle,
it's immediately a red flag.
919
00:41:46,360 --> 00:41:47,800
He was a hundred percent
a misogynist,
920
00:41:47,800 --> 00:41:49,440
- and possibly a psychopath.
- (LAUGHS)
921
00:41:49,440 --> 00:41:52,200
RISHI: What in the good fuck
is going on?
922
00:41:52,200 --> 00:41:54,240
You better have sold the rest
of my fucking positions.
923
00:41:54,240 --> 00:41:56,120
Where have you been? (CHUCKLES)
924
00:41:56,120 --> 00:41:57,440
I've been playing
the fruities...
925
00:41:58,120 --> 00:41:59,200
with a client.
926
00:41:59,200 --> 00:42:02,280
Some, uh-- Some guy
keeps calling the desk for you.
927
00:42:02,280 --> 00:42:03,440
RISHI: Who?
928
00:42:05,200 --> 00:42:06,280
Vin? Vinnie?
929
00:42:06,880 --> 00:42:08,280
- Vinay?
- That's the one.
930
00:42:08,280 --> 00:42:09,840
- RISHI: He called here?
- Yeah.
931
00:42:09,840 --> 00:42:11,840
ANRAJ: You're a dickhead, bruv.
932
00:42:13,280 --> 00:42:14,560
A fucking dickhead.
933
00:42:15,400 --> 00:42:17,880
So, Anraj is on ecstasy.
934
00:42:17,880 --> 00:42:20,920
He was catatonic drunk,
but hey, he insisted,
935
00:42:20,920 --> 00:42:23,560
and, well, we dragged
some people to the floor
936
00:42:23,560 --> 00:42:27,680
and, hey, they can't
fire us twice, right? (LAUGHS)
937
00:42:28,400 --> 00:42:30,120
You bully me
938
00:42:30,120 --> 00:42:31,600
'cause you were
bullied at school, innit?
939
00:42:31,600 --> 00:42:32,640
Shut the fuck up!
940
00:42:32,640 --> 00:42:35,000
No, you're pure
small-man syndrome, bruv.
941
00:42:35,000 --> 00:42:36,280
You got no taste, bruv.
942
00:42:36,280 --> 00:42:38,080
Look at your car,
your taste level's dead.
943
00:42:38,080 --> 00:42:39,480
Why didn't you
sell my fucking axes?
944
00:42:39,480 --> 00:42:41,160
Your IG Explore page must be
945
00:42:41,160 --> 00:42:43,280
- a crime against humanity!
- Shut the fuck up!
946
00:42:43,280 --> 00:42:44,720
ANRAJ:
No, I'm done being quiet.
947
00:42:44,720 --> 00:42:46,520
Now, look-- look, we're not--
we're not sick, Rishi.
948
00:42:46,520 --> 00:42:48,680
We're not gonna play Santa,
wrapping coal in a bow
949
00:42:48,680 --> 00:42:49,800
for your clients.
950
00:42:49,800 --> 00:42:52,240
We're not gonna torch
our reputations in the market
951
00:42:52,240 --> 00:42:54,680
selling
your worthless positions.
952
00:42:54,680 --> 00:42:58,040
Huh? Why would we?
To what end, anyway?
953
00:43:01,800 --> 00:43:03,040
Best of luck drowning.
954
00:43:08,040 --> 00:43:09,200
Fuck.
955
00:43:11,320 --> 00:43:13,120
(CROWD CHEERING)
956
00:43:13,120 --> 00:43:15,800
(COUPLE MOANING)
957
00:43:20,440 --> 00:43:22,360
♪ (SONG FADES) ♪
958
00:43:23,040 --> 00:43:24,560
WOLSEY: What's the time, please?
959
00:43:24,560 --> 00:43:26,400
WILHELMINA:
It's just gone 4:00 a.m.
960
00:43:26,400 --> 00:43:28,520
- ♪ (SUSPENSEFUL MUSIC PLAYING) ♪
- WOLSEY: Okay.
961
00:43:29,640 --> 00:43:32,360
We have around
ten hours till U.S. open.
962
00:43:32,360 --> 00:43:33,960
Put a fucking solution
in front of me.
963
00:43:33,960 --> 00:43:35,160
Mitsubishi is still in play.
964
00:43:35,160 --> 00:43:36,760
I can wake the head
of their London office.
965
00:43:36,760 --> 00:43:38,080
They-- They want this
as much as us.
966
00:43:38,080 --> 00:43:39,800
This solve
is not viable long term,
967
00:43:39,800 --> 00:43:41,200
given the state
of our balance sheet.
968
00:43:41,200 --> 00:43:43,680
To assuage market fears,
all that matters is we can prove
969
00:43:43,680 --> 00:43:45,000
we plugged the immediate hole.
970
00:43:45,000 --> 00:43:47,360
Why do you keep talking
when the value add of your ideas
971
00:43:47,360 --> 00:43:48,480
is less than zero?
972
00:43:48,480 --> 00:43:50,160
- (CHUCKLES)
- WOLSEY: We need to pivot.
973
00:43:50,640 --> 00:43:52,080
Mitsubishi?
974
00:43:52,080 --> 00:43:54,000
Wake them up.
Get them in the room.
975
00:43:55,600 --> 00:43:56,720
(FOOTSTEPS DEPART)
976
00:43:57,640 --> 00:44:01,560
(ADLER SPEAKING JAPANESE)
977
00:44:02,360 --> 00:44:03,360
(FINGERS SNAPPING)
978
00:44:03,360 --> 00:44:04,880
Yes!
979
00:44:04,880 --> 00:44:06,040
(IN ENGLISH) It's on. It's on.
980
00:44:06,040 --> 00:44:07,280
(SNAPS FINGERS) Eric.
981
00:44:07,280 --> 00:44:09,840
(INDISTINCT CHATTER)
982
00:44:11,520 --> 00:44:13,640
ADLER: It's a good thing
Tom said yes.
983
00:44:14,600 --> 00:44:16,200
I soft launched this
to Mitsubishi's
984
00:44:16,200 --> 00:44:18,480
European Executive Committee
already.
985
00:44:18,480 --> 00:44:20,040
ERIC: It's lunchtime
in Japan, right?
986
00:44:20,040 --> 00:44:21,320
Uh, they're just in
from Düsseldorf,
987
00:44:21,320 --> 00:44:22,480
where the European
subsidiary is.
988
00:44:22,480 --> 00:44:23,720
Now, they're gonna
come with terms
989
00:44:23,720 --> 00:44:24,840
that Tom finds attractive,
990
00:44:24,840 --> 00:44:26,320
because I've prepped them
on the financials.
991
00:44:26,320 --> 00:44:28,760
So, let's take a fast 20
and call an associate in IBD up
992
00:44:28,760 --> 00:44:30,400
to triple-check
the numbers in the deck.
993
00:44:30,840 --> 00:44:31,840
No missteps.
994
00:44:32,560 --> 00:44:34,720
Fast 20 still takes 20.
995
00:44:36,480 --> 00:44:37,880
WOLSEY:
I need stronger nicotine.
996
00:44:39,040 --> 00:44:41,360
Any delivery vessel,
I'm beyond caring.
997
00:44:41,360 --> 00:44:44,240
YASMIN: Ow! Ow!
998
00:44:44,920 --> 00:44:46,880
(GROANING)
999
00:44:46,880 --> 00:44:48,040
- (CONTINUES GROANING)
- Yas?
1000
00:44:48,480 --> 00:44:49,840
(YASMIN GROANS)
1001
00:44:49,840 --> 00:44:51,320
♪ (SUSPENSEFUL MUSIC
CONCLUDES) ♪
1002
00:44:51,320 --> 00:44:52,600
Ow!
1003
00:44:53,680 --> 00:44:56,640
I just wanted
to make a cup of tea.
1004
00:44:56,640 --> 00:44:57,760
What the fuck have you done?
1005
00:44:57,760 --> 00:44:59,680
- (GROANS)
- Hey, come here, come here.
1006
00:44:59,680 --> 00:45:00,760
- (GROANS)
- Are you hurt?
1007
00:45:00,760 --> 00:45:01,880
(GROANS)
1008
00:45:01,880 --> 00:45:03,960
Hey, hey. Yas, look at me.
1009
00:45:03,960 --> 00:45:06,200
- Have you taken something? Yeah?
- Uh-huh.
1010
00:45:06,200 --> 00:45:07,320
What have you taken?
1011
00:45:07,320 --> 00:45:10,560
Rob, do you think
I'm a bad person?
1012
00:45:10,560 --> 00:45:11,720
No.
1013
00:45:11,720 --> 00:45:14,400
- No, you're not a bad person.
- You do. Rob, look at me.
1014
00:45:14,400 --> 00:45:16,240
Tell me that you think
that I'm a bad person.
1015
00:45:16,240 --> 00:45:17,400
Look, you're not a bad person!
1016
00:45:17,400 --> 00:45:20,000
Tell me that I'm allowed
to want to do bad things.
1017
00:45:20,000 --> 00:45:22,200
(PANTS) What?
1018
00:45:24,280 --> 00:45:25,480
You can do what you want.
1019
00:45:25,480 --> 00:45:29,200
(MOANS, SOBS) I want you.
1020
00:45:30,080 --> 00:45:32,240
I want you. Oh, you're hard.
1021
00:45:32,240 --> 00:45:33,800
- ROBERT: What are you doing? No!
- (CHUCKLES)
1022
00:45:33,800 --> 00:45:34,880
- Stop.
- I want you.
1023
00:45:34,880 --> 00:45:36,920
Stop! Stop! Stop! Stop!
1024
00:45:37,600 --> 00:45:38,600
Stop!
1025
00:45:39,400 --> 00:45:40,440
Stop!
1026
00:45:42,120 --> 00:45:44,520
♪ (SOFT MUSIC PLAYING) ♪
1027
00:45:45,920 --> 00:45:48,680
Henry used to get hard
when I cried, too.
1028
00:45:54,240 --> 00:45:55,360
Hey. Shh.
1029
00:45:56,240 --> 00:45:57,960
(YASMIN BREATHES DEEPLY)
1030
00:46:02,320 --> 00:46:04,880
(URINE TRICKLING)
1031
00:46:04,880 --> 00:46:06,960
WOLSEY: Bill tells me
you've been here 30 years.
1032
00:46:07,840 --> 00:46:08,960
Aren't you bored?
1033
00:46:10,360 --> 00:46:11,800
♪ (SOFT MUSIC CONCLUDES) ♪
1034
00:46:13,320 --> 00:46:15,600
Been dropped into
a few of these restructurings.
1035
00:46:16,840 --> 00:46:20,080
They all have their own
mythos and history, but...
1036
00:46:21,240 --> 00:46:23,360
ultimately,
they're much for muchness.
1037
00:46:23,360 --> 00:46:24,760
They're corporations.
1038
00:46:25,480 --> 00:46:26,480
(ZIPPER ZIPS)
1039
00:46:27,200 --> 00:46:28,280
Not the people.
1040
00:46:29,920 --> 00:46:32,200
- The people are different.
- Are they really?
1041
00:46:34,800 --> 00:46:35,920
There's a self-centeredness
1042
00:46:35,920 --> 00:46:38,480
at the heart of Bill's
romanticization of it all.
1043
00:46:39,320 --> 00:46:40,520
False heroism.
1044
00:46:41,760 --> 00:46:43,760
Do you think there's room
for nobility in there?
1045
00:46:43,760 --> 00:46:44,840
(ZIPPER ZIPS)
1046
00:46:49,640 --> 00:46:51,800
(WATER RUNNING)
1047
00:46:51,800 --> 00:46:53,560
I was hoping Bill
would be my mouthpiece
1048
00:46:53,560 --> 00:46:56,560
to the wider
Pierpoint family, but...
1049
00:46:56,560 --> 00:46:58,960
he seems like more
of a problem than a solution.
1050
00:47:04,600 --> 00:47:06,120
You're not a romantic, are you?
1051
00:47:06,960 --> 00:47:08,120
What do you believe in?
1052
00:47:09,080 --> 00:47:11,320
♪ (TENSE MUSIC PLAYING) ♪
1053
00:47:12,920 --> 00:47:14,200
I don't believe in anything.
1054
00:47:15,640 --> 00:47:18,320
I believe in the trade,
when it works...
1055
00:47:19,640 --> 00:47:21,200
when it stops working.
1056
00:47:28,120 --> 00:47:29,760
By the way,
1057
00:47:29,760 --> 00:47:32,600
nostalgia's only useful
when you're selling something.
1058
00:47:35,560 --> 00:47:36,560
(DOOR OPENS)
1059
00:47:38,920 --> 00:47:40,240
(DOOR CLOSES)
1060
00:47:40,240 --> 00:47:42,120
ADLER: Any color
that'll help us in the pitch?
1061
00:47:44,120 --> 00:47:45,760
Nope.
1062
00:47:45,760 --> 00:47:47,640
- (ZIPPER UNZIPS)
- A whole lot of nothing.
1063
00:47:48,160 --> 00:47:50,160
(URINE TRICKLING)
1064
00:47:50,160 --> 00:47:51,760
ADLER: Deck look good
to your eyes?
1065
00:47:56,360 --> 00:47:57,360
Perfect.
1066
00:47:59,720 --> 00:48:01,080
(ADLER LAUGHS)
1067
00:48:02,280 --> 00:48:05,200
- I'll see you out there.
- ADLER: I'll see you out there.
1068
00:48:08,520 --> 00:48:11,560
(ADLER GREETS IN JAPANESE)
1069
00:48:14,320 --> 00:48:18,320
(CELL PHONE BUZZING)
1070
00:48:18,320 --> 00:48:20,560
WOLSEY: Thank you
for meeting us so early.
1071
00:48:22,120 --> 00:48:24,440
I'm sorry
it's a little ripe in here.
1072
00:48:26,720 --> 00:48:28,720
- Where the hell are you going?
- I gotta take this.
1073
00:48:32,640 --> 00:48:34,640
Thanks for calling me back.
Sorry it's early.
1074
00:48:35,720 --> 00:48:38,880
Bill Adler told me
about a connection
1075
00:48:38,880 --> 00:48:40,120
that landed you on my desk.
1076
00:48:40,120 --> 00:48:42,120
Can you flesh that out
for me a little?
1077
00:48:43,880 --> 00:48:45,360
(SEAGULLS SQUAWKING)
1078
00:48:46,320 --> 00:48:47,640
RECEPTIONIST:
Did you enjoy your stay?
1079
00:48:47,640 --> 00:48:49,240
Very much. Thank you.
1080
00:48:49,240 --> 00:48:51,520
♪ ("BEGIN AGAIN" BY FREDDIE
AND THE SCENARIOS, DIEGO HERRERA
PLAYING OVER RADIO) ♪
1081
00:48:51,520 --> 00:48:53,000
Did you want a bandage?
1082
00:48:55,400 --> 00:48:56,400
Sure.
1083
00:49:03,200 --> 00:49:04,600
Do you reckon she's a Libra?
1084
00:49:05,640 --> 00:49:07,200
(SCOFFS)
1085
00:49:07,200 --> 00:49:11,000
Uh, I threw in an extra 20 quid
for the busted kettle.
1086
00:49:11,000 --> 00:49:13,960
- RECEPTIONIST: Oh, thanks.
- Ah, it's all right. Uh, cheers.
1087
00:49:14,880 --> 00:49:15,880
Cheers.
1088
00:49:17,120 --> 00:49:18,160
Have a safe trip.
1089
00:49:20,960 --> 00:49:24,080
ADLER: Our proposal is that
the Mitsubishi Financial Group
1090
00:49:24,080 --> 00:49:26,320
invest nine billion dollars
in equity
1091
00:49:26,320 --> 00:49:29,720
in Pierpoint for a 19-percent
interest in the company
1092
00:49:29,720 --> 00:49:31,400
on a fully diluted basis.
1093
00:49:36,120 --> 00:49:38,760
How did that get there?
(CHUCKLES)
1094
00:49:38,760 --> 00:49:40,960
As I was saying,
our friends at Mitsubishi
1095
00:49:40,960 --> 00:49:42,640
are the best partners
we could have.
1096
00:49:42,640 --> 00:49:44,280
They have enough dry powder
1097
00:49:44,280 --> 00:49:45,760
to buy up our distressed debt
1098
00:49:45,760 --> 00:49:48,200
and to support the other assets
on our books.
1099
00:49:48,200 --> 00:49:49,880
And they want us to be us.
1100
00:49:50,800 --> 00:49:53,040
They have reverence
for our name.
1101
00:49:53,040 --> 00:49:55,640
We want to help build Pierpoint
back to what it could be
1102
00:49:55,640 --> 00:49:57,720
in its 150th year.
1103
00:49:59,520 --> 00:50:02,360
We expect
a very healthy ROI for you
1104
00:50:02,360 --> 00:50:04,480
on a decade-long horizon,
1105
00:50:04,480 --> 00:50:07,520
but of course, apologies for
the small inaccuracy on page 12.
1106
00:50:08,840 --> 00:50:10,280
(PAGES RUSTLING)
1107
00:50:12,600 --> 00:50:14,160
ADLER: What inaccuracy?
1108
00:50:14,160 --> 00:50:17,560
I am assuming this reference
is linked incorrectly.
1109
00:50:18,600 --> 00:50:22,200
It looks like you are linking
to enterprise value
1110
00:50:22,200 --> 00:50:24,000
instead of equity value.
1111
00:50:24,960 --> 00:50:26,840
It's causing
a 15-percent decrease
1112
00:50:26,840 --> 00:50:28,360
in the true PE multiple,
1113
00:50:28,360 --> 00:50:31,680
which should otherwise
be seven-point-six times,
1114
00:50:31,680 --> 00:50:34,080
well below peers.
1115
00:50:34,080 --> 00:50:36,080
♪ (SUSPENSEFUL MUSIC PLAYING) ♪
1116
00:50:36,080 --> 00:50:37,800
ADLER: I'm so sorry
we missed this.
1117
00:50:39,400 --> 00:50:42,120
That's like a two-to-three
percent uplift in IRR.
1118
00:50:42,120 --> 00:50:44,120
WOLSEY: After ten years
of what we know
1119
00:50:44,120 --> 00:50:47,400
will be a mutually
beneficial relationship.
1120
00:50:47,400 --> 00:50:48,760
ADLER: How could we
have missed that?
1121
00:50:48,760 --> 00:50:50,600
It's sloppy. (CHUCKLES)
1122
00:50:50,600 --> 00:50:51,800
- Eric.
- (CHUCKLES)
1123
00:50:51,800 --> 00:50:54,600
ERIC: Bill, it's fine.
Leave it. It's late.
1124
00:50:54,600 --> 00:50:58,240
(CHUCKLES) It happens.
It's just a book.
1125
00:50:59,200 --> 00:51:00,960
That's a huge decrease
in the valuation.
1126
00:51:00,960 --> 00:51:02,280
How didn't I spot it?
1127
00:51:02,920 --> 00:51:04,360
Bill, you did spot it.
1128
00:51:05,680 --> 00:51:07,680
ADLER: What? When?
1129
00:51:07,680 --> 00:51:09,800
We ran through it
about an hour ago.
1130
00:51:09,800 --> 00:51:13,160
I raised it again
in the bathroom just now.
1131
00:51:13,160 --> 00:51:15,840
You said it wasn't
a deal-breaker in the room,
1132
00:51:15,840 --> 00:51:17,720
that they know
the numbers already,
1133
00:51:17,720 --> 00:51:20,800
which they do. (CHUCKLES)
1134
00:51:20,800 --> 00:51:23,000
- We can move on.
- (CHUCKLES)
1135
00:51:23,000 --> 00:51:24,400
That-- That didn't happen.
1136
00:51:26,440 --> 00:51:27,440
Did it?
1137
00:51:28,640 --> 00:51:30,800
It's not mission critical here.
1138
00:51:30,800 --> 00:51:33,240
No, it is.
When did we discuss it?
1139
00:51:34,920 --> 00:51:36,320
I-- I don't think
we did, did we?
1140
00:51:36,320 --> 00:51:39,160
- Maybe I'm just misremembering.
- I think you can move on.
1141
00:51:39,160 --> 00:51:41,160
You-- You have to understand
it's very important
1142
00:51:41,160 --> 00:51:42,760
- that I didn't misremember.
- Bill.
1143
00:51:45,440 --> 00:51:46,480
What's going on?
1144
00:51:48,240 --> 00:51:49,240
ERIC: Hey, Bill.
1145
00:51:52,000 --> 00:51:53,240
There's no shame.
1146
00:51:56,280 --> 00:51:59,520
ADLER: (CHUCKLES)
I'm so-- I'm so sorry, if...
1147
00:52:01,000 --> 00:52:02,000
I've been quite sick,
1148
00:52:02,000 --> 00:52:03,520
and I-- I really
didn't wanna bring it up
1149
00:52:03,520 --> 00:52:04,720
in this forum, but, uh...
1150
00:52:04,720 --> 00:52:07,320
You are fit to continue.
1151
00:52:07,320 --> 00:52:09,080
- (ADLER SCOFFS)
- (CHAIR CREAKS)
1152
00:52:10,320 --> 00:52:11,840
WOLSEY: Uh, gentlemen,
1153
00:52:11,840 --> 00:52:14,880
and, uh... lady,
1154
00:52:14,880 --> 00:52:16,400
could you give us five?
1155
00:52:17,680 --> 00:52:19,760
This isn't what we expect
in these circumstances.
1156
00:52:19,760 --> 00:52:22,720
No, there should be
multiple layers of review.
1157
00:52:22,720 --> 00:52:23,880
My apologies.
1158
00:52:38,440 --> 00:52:40,840
ADLER: (CHUCKLES) I--
1159
00:52:40,840 --> 00:52:42,920
I'm so sorry. I should have
just breezed past it,
1160
00:52:42,920 --> 00:52:44,880
but it's--
it's quite important--
1161
00:52:44,880 --> 00:52:46,600
it's quite important
for my prognosis.
1162
00:52:46,600 --> 00:52:47,680
What's wrong with you?
1163
00:52:49,920 --> 00:52:51,480
I have a malignant tumor. I...
1164
00:52:52,560 --> 00:52:54,960
I've not noticed much,
if any, cognitive impairment.
1165
00:52:54,960 --> 00:52:56,200
- That's why it's--
- And you've been
1166
00:52:56,200 --> 00:52:57,360
keeping this to yourself?
1167
00:53:02,920 --> 00:53:04,040
You shouldn't be in here.
1168
00:53:05,080 --> 00:53:07,000
Your health
is of paramount importance.
1169
00:53:07,000 --> 00:53:09,120
My performance
has never been compromised.
1170
00:53:09,120 --> 00:53:10,920
Apart from
when it just mattered.
1171
00:53:12,240 --> 00:53:14,840
High stress, no sleep.
1172
00:53:14,840 --> 00:53:17,040
This isn't the place
for a sick man. (CHUCKLES)
1173
00:53:17,960 --> 00:53:18,960
Look...
1174
00:53:20,160 --> 00:53:22,280
I want you to go home.
That isn't a suggestion.
1175
00:53:22,280 --> 00:53:24,520
I'm fit to work
if I say I'm fit to work.
1176
00:53:24,520 --> 00:53:27,080
I want you to go rest.
1177
00:53:28,480 --> 00:53:29,480
WILHELMINA: Eric...
1178
00:53:31,200 --> 00:53:32,720
why don't you put Bill in a cab?
1179
00:53:37,160 --> 00:53:38,160
(SNIFFLES)
1180
00:53:42,480 --> 00:53:43,480
Come on.
1181
00:53:44,280 --> 00:53:45,680
It's okay. Come on.
1182
00:53:54,720 --> 00:53:57,200
♪ (SUSPENSEFUL MUSIC
CONCLUDES) ♪
1183
00:54:05,560 --> 00:54:07,680
♪ (TENSE MUSIC PLAYING) ♪
1184
00:54:09,280 --> 00:54:10,680
(DIAL TONE RINGING)
1185
00:54:15,480 --> 00:54:16,800
- DENISE: (OVER PHONE) Hello?
- Hi.
1186
00:54:16,800 --> 00:54:19,760
Denise, um, I've slept on it,
1187
00:54:19,760 --> 00:54:22,240
and I don't want
to take Rose's offer.
1188
00:54:22,240 --> 00:54:25,320
And I know-- I have thought
about the implications...
1189
00:54:25,320 --> 00:54:27,600
- (DENISE SIGHS)
- ...but it's Rose and Hanani, okay?
1190
00:54:27,600 --> 00:54:29,120
They're the ones
that are being inhumane,
1191
00:54:29,120 --> 00:54:31,000
and you can think that
I'm meeting them on their level
1192
00:54:31,000 --> 00:54:32,440
if you want, that's fine,
1193
00:54:32,440 --> 00:54:35,360
but they have literally
given me no choice.
1194
00:54:35,360 --> 00:54:36,760
DENISE: Have you
stopped to think about
1195
00:54:36,760 --> 00:54:38,320
how this is gonna affect
the other victims?
1196
00:54:38,320 --> 00:54:39,360
Yes, of course!
1197
00:54:39,360 --> 00:54:40,880
Of course I have
thought about that, Denise!
1198
00:54:40,880 --> 00:54:41,960
Of course I have!
1199
00:54:41,960 --> 00:54:45,120
But you have to understand,
it is them or it is me!
1200
00:54:47,120 --> 00:54:48,160
(CELL PHONE THUDS)
1201
00:54:54,280 --> 00:54:55,680
♪ (TENSE MUSIC CONCLUDES) ♪
1202
00:54:55,680 --> 00:54:56,880
- (ROBERT SIGHS)
- How was it?
1203
00:54:56,880 --> 00:54:59,080
(ROBERT PANTS)
1204
00:54:59,080 --> 00:55:01,560
So, they've had their funding
1205
00:55:01,560 --> 00:55:03,320
from the university
totally cut off.
1206
00:55:03,320 --> 00:55:04,560
They balked at the idea
1207
00:55:04,560 --> 00:55:06,320
of any commercial
application of psychedelics,
1208
00:55:06,320 --> 00:55:07,960
only lab-conditioned trials
1209
00:55:07,960 --> 00:55:10,320
on treatment
for various mental disorders.
1210
00:55:10,320 --> 00:55:11,720
YASMIN: Why?
1211
00:55:11,720 --> 00:55:14,600
ROBERT: Well, it's still
illegal, but LittleLabs,
1212
00:55:15,440 --> 00:55:17,400
they want to be the first mover.
1213
00:55:17,400 --> 00:55:20,320
Now, imagine being early
on cannabis in California.
1214
00:55:21,560 --> 00:55:23,520
- Sorry.
- ROBERT: Well, no.
1215
00:55:24,480 --> 00:55:26,720
See, they've been flirting
with the idea
1216
00:55:26,720 --> 00:55:28,640
of relocating to Silicon Valley.
1217
00:55:28,640 --> 00:55:31,280
All right? And they said
if I can help unlock VC dollars
1218
00:55:31,280 --> 00:55:32,680
for them out there,
1219
00:55:32,680 --> 00:55:34,280
then there might be
a position open.
1220
00:55:35,640 --> 00:55:37,520
- Head of business development.
- What?
1221
00:55:37,520 --> 00:55:38,760
- Yeah, I know.
- (YASMIN CHUCKLES)
1222
00:55:38,760 --> 00:55:40,520
- I couldn't believe it as well.
- (YASMIN CHUCKLES)
1223
00:55:40,520 --> 00:55:41,960
- (LAUGHS)
- YASMIN: So, wait-- wait.
1224
00:55:41,960 --> 00:55:45,080
Would that mean
that you move to the States?
1225
00:55:45,640 --> 00:55:46,640
Maybe.
1226
00:55:48,600 --> 00:55:49,600
Here.
1227
00:55:52,080 --> 00:55:53,160
(CHUCKLES)
1228
00:55:53,560 --> 00:55:54,560
Hmm.
1229
00:55:55,320 --> 00:55:56,400
Sleep will help. I'll, uh--
1230
00:55:56,400 --> 00:55:58,880
I'll get a couple more hours
and come straight back in.
1231
00:55:58,880 --> 00:56:01,080
I don't think anyone
in there wants that.
1232
00:56:01,080 --> 00:56:04,400
- ♪ (TENSE MUSIC PLAYING) ♪
- Stay home. For yourself.
1233
00:56:04,400 --> 00:56:06,720
I'll smooth out Mitsubishi.
It'll work.
1234
00:56:08,760 --> 00:56:10,920
ERIC: Peer to peer, stay home.
1235
00:56:11,760 --> 00:56:13,240
More time for your family.
1236
00:56:14,960 --> 00:56:16,880
The institution doesn't suffer.
1237
00:56:24,040 --> 00:56:25,960
- (ELEVATOR DINGS)
- AUTOMATED VOICE: Door opening.
1238
00:56:29,720 --> 00:56:31,400
You made me distrust my...
1239
00:56:36,240 --> 00:56:37,320
For what?
1240
00:56:43,720 --> 00:56:45,040
AUTOMATED VOICE: Door closing.
1241
00:57:00,880 --> 00:57:03,440
♪ (TENSE MUSIC CONTINUES) ♪
1242
00:57:21,360 --> 00:57:22,560
(CAR ENGINE REVVING)
1243
00:57:23,160 --> 00:57:24,520
(BRAKES SCREECH)
1244
00:57:26,200 --> 00:57:27,240
You Harper Stern?
1245
00:57:28,400 --> 00:57:29,560
Yeah.
1246
00:57:29,560 --> 00:57:32,040
Otto wants to see you.
Get in the car.
1247
00:57:34,520 --> 00:57:35,520
Now?
1248
00:57:36,120 --> 00:57:37,120
He'd prefer it.
1249
00:58:01,480 --> 00:58:03,760
WOLSEY: Well, I hope
he's getting the care he needs.
1250
00:58:05,400 --> 00:58:07,400
I've heard that...
1251
00:58:08,960 --> 00:58:11,080
- tumors can have certain...
- ♪ (TENSE MUSIC FADES) ♪
1252
00:58:12,080 --> 00:58:13,240
...neurological effects
1253
00:58:13,240 --> 00:58:15,680
as pertains
to people's willingness
1254
00:58:16,160 --> 00:58:18,120
to take risk.
1255
00:58:23,480 --> 00:58:26,640
Well, while I take
some responsibility
1256
00:58:26,640 --> 00:58:29,280
for my bullishness
over ESG as a concept...
1257
00:58:30,920 --> 00:58:33,440
Bill had the underlying
relationship with Debt Syndicate
1258
00:58:33,440 --> 00:58:35,720
from his bond trading days.
1259
00:58:35,720 --> 00:58:39,400
He was the one pushing
their appetite for risk.
1260
00:58:41,400 --> 00:58:42,440
Yes.
1261
00:58:43,400 --> 00:58:46,840
Fixed income
was more Bill's background.
1262
00:58:48,160 --> 00:58:49,640
You know,
we can't let someone go
1263
00:58:49,640 --> 00:58:51,800
because of their
declining health...
1264
00:58:54,760 --> 00:58:55,760
but...
1265
00:58:58,440 --> 00:58:59,480
Eric...
1266
00:59:01,320 --> 00:59:03,960
as the closest to him,
1267
00:59:03,960 --> 00:59:07,760
if you think
an indefinite period of absence
1268
00:59:07,760 --> 00:59:11,280
would be in his best interest...
1269
00:59:11,280 --> 00:59:13,520
♪ (CONTEMPLATIVE MUSIC
PLAYING) ♪
1270
00:59:13,520 --> 00:59:16,960
...it is something
our executive committee
1271
00:59:16,960 --> 00:59:20,000
would be willing to consider.
1272
00:59:22,680 --> 00:59:23,840
WILHELMINA: Hmm.
1273
00:59:23,840 --> 00:59:26,960
He has seemed a little...
1274
00:59:28,000 --> 00:59:29,240
out of sorts.
1275
00:59:30,520 --> 00:59:31,640
(WOLSEY SIGHS)
1276
00:59:37,520 --> 00:59:40,080
While I respect
the rules of the game...
1277
00:59:41,640 --> 00:59:44,760
I find pinning this all
on a sick man
1278
00:59:44,760 --> 00:59:46,360
morally unconscionable.
1279
00:59:48,800 --> 00:59:52,200
But tomorrow is more important
than yesterday for Pierpoint.
1280
00:59:54,160 --> 00:59:55,200
(WOLSEY CHUCKLES)
1281
00:59:55,720 --> 00:59:57,280
(BREATHES DEEPLY)
1282
00:59:57,280 --> 00:59:58,560
♪ (CONTEMPLATIVE MUSIC FADES) ♪
1283
00:59:58,560 --> 01:00:00,280
So, fuck him then, right?
1284
01:00:00,280 --> 01:00:04,000
♪ ("BOMBTRACK" BY RAGE AGAINST
THE MACHINE PLAYING) ♪
1285
01:00:05,080 --> 01:00:06,920
(LAUGHS)
1286
01:00:07,600 --> 01:00:09,560
Is Mitsubishi worth pursuing?
1287
01:00:09,560 --> 01:00:11,360
It's a Band-Aid. No more.
1288
01:00:11,360 --> 01:00:13,360
Phillip was onto something
when he told us
1289
01:00:13,360 --> 01:00:15,600
that we should be
looking towards the Gulf.
1290
01:00:15,600 --> 01:00:18,320
So, I've brokered
an introduction.
1291
01:00:21,680 --> 01:00:23,480
ERIC: Ali. Gentlemen.
1292
01:00:24,280 --> 01:00:25,960
It's Pierpoint's anniversary.
1293
01:00:28,080 --> 01:00:30,480
How would you like
to buy a piece of history?
1294
01:00:33,600 --> 01:00:34,880
♪ Uh ♪
1295
01:00:38,360 --> 01:00:41,200
♪ Ayy, yo
It's just another bombtrack ♪
1296
01:00:42,360 --> 01:00:43,440
♪ Uh ♪
1297
01:00:50,800 --> 01:00:53,680
♪ Ayy, yo
It's just another bombtrack ♪
1298
01:00:54,920 --> 01:00:55,920
♪ Yeah ♪
1299
01:00:58,040 --> 01:01:00,320
♪ It goes a one, two, three ♪
1300
01:01:00,320 --> 01:01:02,640
♪ Yeah, and it's just
Another bombtrack ♪
1301
01:01:02,640 --> 01:01:04,840
♪ And suckers be thinkin'
That they can fake this ♪
1302
01:01:04,840 --> 01:01:07,320
♪ But I'ma drop it
At a higher level ♪
1303
01:01:07,320 --> 01:01:09,680
♪ 'Cause I'm inclined
To stoop down ♪
1304
01:01:09,680 --> 01:01:11,320
♪ Hand out some beatdowns ♪
1305
01:01:11,320 --> 01:01:13,120
♪ Could run a train
On punk fools ♪
1306
01:01:13,120 --> 01:01:14,720
♪ That think they run the game ♪
1307
01:01:14,720 --> 01:01:17,760
♪ But I learned to burn
That bridge and delete ♪
1308
01:01:17,760 --> 01:01:20,760
♪ Those who compete
At a level that's obsolete ♪
1309
01:01:20,760 --> 01:01:23,600
♪ Instead, I warm my hands
Upon the flames of the flag ♪
1310
01:01:23,600 --> 01:01:26,160
♪ To recall the downfall
And the businesses ♪
1311
01:01:26,160 --> 01:01:27,280
♪ That burnt us all ♪
1312
01:01:27,280 --> 01:01:32,960
♪ Burn, burn
Yes, you're gonna burn ♪
1313
01:01:33,480 --> 01:01:34,560
♪ Burn ♪
1314
01:01:34,560 --> 01:01:35,800
♪ (SONG CONCLUDES) ♪