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00:00:04,923 --> 00:00:06,562
♪ (SUSPENSEFUL MUSIC PLAYING) ♪
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00:00:06,563 --> 00:00:08,162
BILL ADLER: You seen
Pierpoint's stock price?
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00:00:08,163 --> 00:00:09,442
You had a drink yet?
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00:00:09,443 --> 00:00:12,002
The stock's fucking halved,
would you blame me?
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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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ADLER: Can't afford champagne.
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00:00:18,083 --> 00:00:19,682
ERIC: It screams sell signal,
no doubt.
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ADLER: Yeah, I need you to come
to the 13th floor immediately.
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(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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I haven't seen a day
this bloody since '08.
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- ERIC: Don't go home.
- Yeah, it's worse there.
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- Don't worry.
- Don't go to the party.
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Whatever's left
on the desk's books,
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00:00:45,203 --> 00:00:46,402
however you're axed,
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long, short, any product,
get rid of it now.
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We've got one hour
of U.S. trading left
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and you need to trade Asia.
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People might not be trading
with us come morning.
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Book any profit. Take any loss.
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Clean house.
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Hey, uh, what's going on?
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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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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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for money that isn't there.
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How close are we
to declaring bankruptcy?
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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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this aggressive
since Lehman Brothers.
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Excuse me.
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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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It looks like
you've positioned yourself
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as lender, buyer, and seller,
like J.P. Morgan with WeWork.
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Yeah, a one-stop shop.
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GRAHAM: And you didn't think
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this was
inappropriately high-risk?
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And incestuous. Yep.
For the record, I think it was.
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We... We liked the risk-reward.
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In hindsight, not so much.
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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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Uh, our current
share price is 45 dollars.
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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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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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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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of the Hanani Publishing board
and we have decided unanimously
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that we are going to
take care of the damages.
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(GASPS)
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We all just wanna move on.
I'm sure you can empathize.
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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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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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Now, they won't be able
to finger you
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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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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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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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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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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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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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SWEETPEA GOLIGHTLY:
Her boob job's
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- insane.
- (ANRAJ CHABRA LAUGHS)
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SWEETPEA: Rish, why did you
pull us out of the party, man?
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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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(INDISTINCT TV CHATTER
IN BACKGROUND)
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Have you noticed that none
of the top brass are there?
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Uh, how could this day
get any worse?
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Insolvency?
159
00:06:50,083 --> 00:06:52,723
The CEO and CFO were
meant to be in London for it.
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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.
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00:07:03,243 --> 00:07:05,202
I haven't seen a cleaner
on the floor for two days.
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00:07:05,203 --> 00:07:06,762
Yeah, maybe
admin payroll's goosed.
167
00:07:06,763 --> 00:07:08,082
Those at the bottom
get fucked first.
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00:07:08,083 --> 00:07:11,322
But listen, I am working
on an off-ramp for us.
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(ANRAJ CHUCKLES)
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00:07:12,403 --> 00:07:14,122
We're going to be
a pod on the buy side.
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ANRAJ: Yeah, why would you
take us with you?
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Well, I need
a doe-eyed little flirt
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for the front of house.
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♪ (SUSPENSEFUL MUSIC PLAYING) ♪
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RISHI RAMDANI:
And Sweetpea's actually smart.
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00:07:22,723 --> 00:07:23,842
(SWEETPEA CHUCKLES)
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Look, we all deserve
better than this.
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Covered in grease
while the white gloves
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- laugh at us upstairs.
- (SWEET PEAT BREATHES DEEPLY)
180
00:07:30,003 --> 00:07:32,442
I can tell you as sure
as Mother Teresa is in hell
181
00:07:32,443 --> 00:07:35,082
they're not thinking
about us up there. I am.
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00:07:35,083 --> 00:07:36,562
What happened to your arm
by the way?
183
00:07:36,563 --> 00:07:37,802
RISHI:
Walked into a door. Look.
184
00:07:37,803 --> 00:07:40,322
Get on the phones
and move every position I have.
185
00:07:40,323 --> 00:07:41,482
Okay? Senior secured,
186
00:07:41,483 --> 00:07:45,522
AAA, BBB, jewels, junk, the lot.
Eric's mandated it.
187
00:07:45,523 --> 00:07:46,963
I'll work our lifeboat. Move.
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00:07:51,003 --> 00:07:52,322
SWEETPEA:
Do you believe him?
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00:07:52,323 --> 00:07:54,002
Would you work on the buy side?
190
00:07:54,003 --> 00:07:56,562
Ultimately... (SIGHS)
191
00:07:56,563 --> 00:07:58,882
...your prognosis is
we're dead anyway, right?
192
00:07:58,883 --> 00:07:59,963
Yeah.
193
00:08:01,203 --> 00:08:03,603
Look, even if this place
is burning down...
194
00:08:04,803 --> 00:08:06,403
he's still our boss, right?
195
00:08:07,243 --> 00:08:08,842
(TELEPHONE RATTLING)
196
00:08:08,843 --> 00:08:11,603
- (BLOWS RASPBERRY)
- (NUMBER PAD CLACKING)
197
00:08:13,283 --> 00:08:14,642
No.
198
00:08:14,643 --> 00:08:15,922
- What is the point...
- What?
199
00:08:15,923 --> 00:08:18,562
...of making this whole desk's
PNL look good
200
00:08:18,563 --> 00:08:20,282
if this goes under, right?
201
00:08:20,283 --> 00:08:21,363
It's like...
202
00:08:22,083 --> 00:08:24,242
It's deckchairs on the Titanic.
203
00:08:24,243 --> 00:08:26,682
It's... Come on, we could like...
204
00:08:26,683 --> 00:08:28,402
- (CHUCKLES)
- (SWEETPEA CHUCKLES)
205
00:08:28,403 --> 00:08:33,002
We could, like, commemorate
Pierpoint's last birthday
206
00:08:33,003 --> 00:08:36,722
by getting
absolutely fucking hooned.
207
00:08:36,723 --> 00:08:38,322
- (ANRAJ CHUCKLES)
- ♪ (TENSE MUSIC CONTINUES) ♪
208
00:08:38,323 --> 00:08:40,642
How many people know
Pierpoint's 150th is a wake?
209
00:08:40,643 --> 00:08:41,882
RISHI: (OVER PHONE)
Listen, listen.
210
00:08:41,883 --> 00:08:45,482
How do you fancy a Trequartista
as elegant as me on a Bosman?
211
00:08:45,483 --> 00:08:46,882
A boss-man?
212
00:08:46,883 --> 00:08:49,082
We're not hiring
new fund managers.
213
00:08:49,083 --> 00:08:50,802
RISHI:
You need an execution guy.
214
00:08:50,803 --> 00:08:52,602
Someone who can
look at flows, levels.
215
00:08:52,603 --> 00:08:54,202
Make sure you're not
mistiming things
216
00:08:54,203 --> 00:08:56,082
- and losing upside.
- HARPER STERN: Really?
217
00:08:56,083 --> 00:08:58,802
You're not a little
overqualified for that?
218
00:08:58,803 --> 00:09:00,762
You're not desperate, are you?
219
00:09:00,763 --> 00:09:03,042
RISHI: All right, final offer.
Quid pro quo.
220
00:09:03,043 --> 00:09:06,562
Chatter is that LeviathanAlpha
has short Pierpoint in size.
221
00:09:06,563 --> 00:09:08,882
I can give you live missives
from the madhouse,
222
00:09:08,883 --> 00:09:10,442
ear to the ground in the asylum,
223
00:09:10,443 --> 00:09:13,843
and help you manage
when to take profit or stop out.
224
00:09:16,363 --> 00:09:18,882
Keep me up to date,
and maybe we're talking.
225
00:09:18,883 --> 00:09:23,123
And... And I want to bring two
smart, cheap juniors with me.
226
00:09:23,883 --> 00:09:25,522
Sweetpea and Anraj.
227
00:09:25,523 --> 00:09:27,843
If you are a serious fund,
you need to grow.
228
00:09:28,803 --> 00:09:30,602
Do you want me to leave this?
229
00:09:30,603 --> 00:09:32,842
I forgot you were a family man.
230
00:09:32,843 --> 00:09:34,082
RISHI:
I don't need to remind you
231
00:09:34,083 --> 00:09:35,482
how loose I am with my seed.
232
00:09:35,483 --> 00:09:36,563
Thanks.
233
00:09:37,643 --> 00:09:38,643
Speak soon.
234
00:09:40,323 --> 00:09:42,003
- Hmm.
- Can I knock again tomorrow?
235
00:09:43,163 --> 00:09:44,163
No, thank you.
236
00:09:45,803 --> 00:09:46,803
(TROLLEY RATTLING)
237
00:09:49,243 --> 00:09:50,922
YASMIN KARA-HANANI:
Has Harper fully moved out?
238
00:09:50,923 --> 00:09:52,722
♪ (TENSE MUSIC FADES) ♪
239
00:09:52,723 --> 00:09:54,803
ROBERT SPEARING:
Yeah. Without a word.
240
00:09:57,403 --> 00:09:58,883
Remember to lock
the back door tonight.
241
00:09:59,603 --> 00:10:00,843
I always forget. (CHUCKLES)
242
00:10:02,123 --> 00:10:03,203
Where are you going?
243
00:10:04,363 --> 00:10:06,002
Uh, I haven't told Pierpoint,
244
00:10:06,003 --> 00:10:08,283
but I've got a job interview
tomorrow morning.
245
00:10:08,923 --> 00:10:09,962
In Wales.
246
00:10:09,963 --> 00:10:11,323
- YASMIN: What?
- (LAUGHS)
247
00:10:11,683 --> 00:10:13,002
Yeah, uh,
248
00:10:13,003 --> 00:10:15,482
I met this guy, Pierre,
who hooked me up
249
00:10:15,483 --> 00:10:18,082
with a medical research center
attached to a university there.
250
00:10:18,083 --> 00:10:19,322
And, um, yeah.
251
00:10:19,323 --> 00:10:20,923
They're doing
really cutting-edge work.
252
00:10:21,483 --> 00:10:22,722
Medicine?
253
00:10:22,723 --> 00:10:24,283
Medicine needs its money men.
254
00:10:24,923 --> 00:10:25,923
Uh-huh.
255
00:10:30,083 --> 00:10:31,642
When was the last time
you left the house?
256
00:10:31,643 --> 00:10:33,523
♪ (SERENE MUSIC PLAYING) ♪
257
00:10:34,523 --> 00:10:37,123
There are, like,
five paps outside.
258
00:10:40,283 --> 00:10:41,283
I didn't see any.
259
00:10:43,323 --> 00:10:44,483
They're not here for you.
260
00:10:52,723 --> 00:10:54,843
(CAR ENGINES RUMBLING)
261
00:10:58,123 --> 00:10:59,603
ROBERT:
There's nobody out there, Yas.
262
00:11:00,803 --> 00:11:01,843
I promise.
263
00:11:04,523 --> 00:11:05,643
Sorry. (CHUCKLES)
264
00:11:07,603 --> 00:11:08,683
They, um...
265
00:11:10,243 --> 00:11:12,883
They really get in your head.
266
00:11:20,283 --> 00:11:21,483
Why don't you come with me?
267
00:11:23,203 --> 00:11:25,963
(CHUCKLES)
I can't promise that I'll be...
268
00:11:26,963 --> 00:11:28,763
exhilarating company, but...
269
00:11:31,123 --> 00:11:32,403
I hired a Zipcar.
270
00:11:34,523 --> 00:11:35,963
I can drive you out of the city.
271
00:11:38,203 --> 00:11:39,803
I really don't see a way out.
272
00:11:44,043 --> 00:11:46,483
You know, a change of setting...
273
00:11:48,763 --> 00:11:52,683
it really helps me
when I'm, you know...
274
00:11:54,163 --> 00:11:56,202
- agitated.
- (CHUCKLES)
275
00:11:56,203 --> 00:11:57,723
(CELL PHONE VIBRATES)
276
00:12:04,123 --> 00:12:07,003
Nope. Nope. Come on. (LAUGHS)
277
00:12:07,883 --> 00:12:10,523
Let's bail.
You know, let's, uh...
278
00:12:11,763 --> 00:12:14,123
Let's mistake
the open road for freedom.
279
00:12:15,323 --> 00:12:16,762
Like all culture teaches us to.
280
00:12:16,763 --> 00:12:18,723
(BOTH LAUGH)
281
00:12:20,243 --> 00:12:21,243
ROBERT: Yeah?
282
00:12:23,403 --> 00:12:24,922
- Okay.
- ROBERT: Yeah, okay.
283
00:12:24,923 --> 00:12:26,003
(CHUCKLES)
284
00:12:27,643 --> 00:12:30,403
Be ready in 20.
I'm grabbing a shower.
285
00:12:39,203 --> 00:12:41,963
- (INDISTINCT CHATTER)
- ♪ (SERENE MUSIC FADES) ♪
286
00:12:42,523 --> 00:12:44,163
Who the hell is this?
287
00:12:45,323 --> 00:12:47,042
Uh, Tom, this is Eric Tao.
288
00:12:47,043 --> 00:12:49,642
Thirty years sales at Pierpoint
across asset classes.
289
00:12:49,643 --> 00:12:52,162
Closest thing
to a loyal lieutenant I have.
290
00:12:52,163 --> 00:12:55,402
If Pierpoint has such a thing
as an institutional memory,
291
00:12:55,403 --> 00:12:56,962
- Tao is it.
- Okay.
292
00:12:56,963 --> 00:12:58,442
♪ (TENSE MUSIC PLAYING) ♪
293
00:12:58,443 --> 00:13:01,003
And how important is history
to us here today?
294
00:13:01,883 --> 00:13:04,482
Well, uh,
given Bill's kind introduction,
295
00:13:04,483 --> 00:13:07,242
I see it as incumbent
on me to say
296
00:13:07,243 --> 00:13:10,442
value is determined by history,
297
00:13:10,443 --> 00:13:12,322
which is indivisible
from legacy.
298
00:13:12,323 --> 00:13:15,762
Institutions like ours
don't pop up overnight.
299
00:13:15,763 --> 00:13:19,202
Too big to fail isn't an insult,
it's a compliment.
300
00:13:19,203 --> 00:13:23,522
Our global interconnectivity
and sheer size are hard-won.
301
00:13:23,523 --> 00:13:26,362
Let's make sure
we let prospective buyers
302
00:13:26,363 --> 00:13:29,123
know that
and value us accordingly.
303
00:13:31,283 --> 00:13:33,363
You're putting yourself
at the center of history.
304
00:13:34,003 --> 00:13:35,242
Humble of you.
305
00:13:35,243 --> 00:13:37,642
Not at all.
I'm putting Pierpoint
306
00:13:37,643 --> 00:13:39,922
at the center
of the economic history
307
00:13:39,923 --> 00:13:42,122
of the 20th and 21st century.
308
00:13:42,123 --> 00:13:44,562
So, your purpose here
is to belabor
309
00:13:44,563 --> 00:13:47,082
how Pierpoint
is a star on the American flag?
310
00:13:47,083 --> 00:13:49,282
This is an American bank.
311
00:13:49,283 --> 00:13:50,722
I need practical thinkers
312
00:13:50,723 --> 00:13:53,283
who present workable options
to me, not zealots.
313
00:13:53,923 --> 00:13:55,722
(CALL TONE CHIMES)
314
00:13:55,723 --> 00:13:58,362
U.S. OPERATOR: Please hold
for the U.S. Treasury secretary.
315
00:13:58,363 --> 00:13:59,842
TREASURY SECRETARY:
(OVER SPEAKER) Tom!
316
00:13:59,843 --> 00:14:01,402
WOLSEY: Madam Secretary.
317
00:14:01,403 --> 00:14:04,402
TREASURY SECRETARY:
Graham filled me in on the situation.
318
00:14:04,403 --> 00:14:06,202
I don't wanna waste your time.
319
00:14:06,203 --> 00:14:08,602
The Treasury
can't offer you a solution.
320
00:14:08,603 --> 00:14:11,043
Not today. Not tomorrow.
321
00:14:11,643 --> 00:14:12,722
Oh, Jesus.
322
00:14:12,723 --> 00:14:14,362
WOLSEY: You, of all people,
understand the risk
323
00:14:14,363 --> 00:14:16,002
if Pierpoint collapses.
324
00:14:16,003 --> 00:14:18,002
(SCOFFS) We've dropped
another ten percent
325
00:14:18,003 --> 00:14:20,082
the last hour of U.S. trading.
326
00:14:20,083 --> 00:14:22,402
Surely the lesson from '08
327
00:14:22,403 --> 00:14:26,122
is that administration should
act early to stop contagion.
328
00:14:26,123 --> 00:14:29,322
Tell me exactly
where you were in '08, Tom.
329
00:14:29,323 --> 00:14:30,762
If I remember correctly,
330
00:14:30,763 --> 00:14:33,082
I was the vice chair
of the Federal Reserve
331
00:14:33,083 --> 00:14:35,162
and you were, uh, what?
332
00:14:35,163 --> 00:14:37,882
Singing acapella
with the Whiffenpoofs at Yale?
333
00:14:37,883 --> 00:14:40,202
I actually do
a very stirring rendition
334
00:14:40,203 --> 00:14:42,202
of "Radio Ga Ga" to this day.
335
00:14:42,203 --> 00:14:43,642
(TREASURY SECRETARY CHUCKLES)
336
00:14:43,643 --> 00:14:46,482
The lesson from '08
is no more bailouts.
337
00:14:46,483 --> 00:14:49,323
We're not asking
for TARP scale relief here.
338
00:14:49,763 --> 00:14:51,122
'08 happened.
339
00:14:51,123 --> 00:14:55,562
Moral hazard isn't a thing.
Nobody will care.
340
00:14:55,563 --> 00:14:58,362
We're asking for less than
a tenth of the packet.
341
00:14:58,363 --> 00:15:00,522
TREASURY SECRETARY:
You are out of your mind
342
00:15:00,523 --> 00:15:03,562
if you think we're putting
our hands into the coffers
343
00:15:03,563 --> 00:15:08,162
for a financial institution
in an election year?
344
00:15:08,163 --> 00:15:10,162
- (MUTE TONE BEEPS)
- Pull on her heart strings.
345
00:15:10,163 --> 00:15:12,282
- It's worth a shot.
- She's a Democrat.
346
00:15:12,283 --> 00:15:14,442
She only pretends
to have a heart.
347
00:15:14,443 --> 00:15:15,802
Think about what you're doing.
348
00:15:15,803 --> 00:15:18,242
The only person you're hurting
is the man on the street.
349
00:15:18,243 --> 00:15:20,642
The people on the pavement
foot the check.
350
00:15:20,643 --> 00:15:23,042
The people
you're supposed to protect.
351
00:15:23,043 --> 00:15:24,962
TREASURY SECRETARY:
And in the immediacy
352
00:15:24,963 --> 00:15:28,162
the person who is footing
the check eventually
353
00:15:28,163 --> 00:15:32,322
does not want to know
they are footing it right now.
354
00:15:32,323 --> 00:15:34,442
It's an election year.
355
00:15:34,443 --> 00:15:36,202
So, you'll gladly let us fail?
356
00:15:36,203 --> 00:15:39,562
TREASURY SECRETARY: Oh,
you're all salaried capitalists, right?
357
00:15:39,563 --> 00:15:42,842
Order some Chinese takeout
and find a solution.
358
00:15:42,843 --> 00:15:44,602
I think the president
might have something...
359
00:15:44,603 --> 00:15:46,722
TREASURY SECRETARY:
The president still thinks
360
00:15:46,723 --> 00:15:48,563
we're at war with Japan.
361
00:15:49,243 --> 00:15:51,082
Goodbye and good luck.
362
00:15:51,083 --> 00:15:53,043
(CALL TONE CHIMES, BEEPS)
363
00:15:54,923 --> 00:15:56,043
(EXECUTIVE GRUNTS SOFTLY)
364
00:15:58,323 --> 00:16:00,683
Well, so much
for too-big-to-fail.
365
00:16:02,003 --> 00:16:05,722
Surely, there are a number
of sovereign wealth funds
366
00:16:05,723 --> 00:16:08,162
that would like to grow
their stake in Pierpoint.
367
00:16:08,163 --> 00:16:09,722
- (ADLER CHUCKLES)
- PHILLIP BLOUNT: What? Uh.
368
00:16:09,723 --> 00:16:11,043
Hear me out, hear me out.
369
00:16:11,883 --> 00:16:13,402
Credit Suisse was the last bank
370
00:16:13,403 --> 00:16:14,962
to go through
this kind of thing,
371
00:16:14,963 --> 00:16:18,002
and the Gulf clearly
had a huge appetite
372
00:16:18,003 --> 00:16:19,482
for a legacy banking name.
373
00:16:19,483 --> 00:16:20,642
ADLER: And look how that ended,
374
00:16:20,643 --> 00:16:23,122
with them being subsumed
into UBS, their biggest rival.
375
00:16:23,123 --> 00:16:26,682
I'm sorry, but I think I speak
for our 45,000 employees
376
00:16:26,683 --> 00:16:29,242
when I stand in opposition
to the idea of Pierpoint's name
377
00:16:29,243 --> 00:16:31,722
being used to reputation...
to... to reputation...
378
00:16:31,723 --> 00:16:32,802
(HESITATES)
379
00:16:32,803 --> 00:16:33,882
- Launder.
- ADLER: Launder.
380
00:16:33,883 --> 00:16:35,122
I know the fucking word.
Thank you.
381
00:16:35,123 --> 00:16:36,922
Reputation launder
that sort of state-backed money.
382
00:16:36,923 --> 00:16:38,043
Right, Eric?
383
00:16:40,643 --> 00:16:45,242
Their values are anathema
to everything we hold dear.
384
00:16:45,243 --> 00:16:47,162
WILHELMINA: Quibbling
over the cultural provenance
385
00:16:47,163 --> 00:16:50,202
of the capital that could
save us feels indulgent.
386
00:16:50,203 --> 00:16:52,602
Could be time for some, uh...
some realpolitik.
387
00:16:52,603 --> 00:16:55,482
Oh, this from Madam ESG.
I... I guess morals really do
388
00:16:55,483 --> 00:16:57,002
become more flexible
in an emergency.
389
00:16:57,003 --> 00:16:58,682
Or maybe the answer
is closer to home.
390
00:16:58,683 --> 00:17:00,322
Let's take a minute.
391
00:17:00,323 --> 00:17:02,043
Eric, let me steal you. Now.
392
00:17:03,963 --> 00:17:05,682
Phillip, can I have a word?
393
00:17:05,683 --> 00:17:07,843
- BLOUNT: Yeah.
- (INDISTINCT CHATTER)
394
00:17:12,723 --> 00:17:14,522
What the fuck are you doing?
Don't correct me.
395
00:17:14,523 --> 00:17:16,522
I don't need you to finish
my fucking sentences!
396
00:17:16,523 --> 00:17:18,763
- Bill, I was just trying to...
- No, no, no, you listen to me.
397
00:17:19,763 --> 00:17:21,442
It's a royal court in there,
you understand?
398
00:17:21,443 --> 00:17:23,002
WOLSEY: It's getting
rather pungent in here,
399
00:17:23,003 --> 00:17:24,442
isn't it?
Too much meat in the room.
400
00:17:24,443 --> 00:17:25,842
I thought tonight
was more important
401
00:17:25,843 --> 00:17:27,402
than jockeying
for favorite position.
402
00:17:27,403 --> 00:17:29,882
I thought we cared
about the soul of the firm.
403
00:17:29,883 --> 00:17:32,122
We do.
The more senior we become,
404
00:17:32,123 --> 00:17:34,283
the more influence
we have. Listen.
405
00:17:35,643 --> 00:17:38,282
Wilhelmina, she's not the head
of Banking, Asset Management,
406
00:17:38,283 --> 00:17:40,282
Corporate Credit,
but her... her ideology
407
00:17:40,283 --> 00:17:42,722
gave her a crusader's zeal
to instruct those people.
408
00:17:42,723 --> 00:17:45,443
She wanted to be proven right
and be first on ESG.
409
00:17:47,123 --> 00:17:48,642
That's why
she pushed this shit so hard.
410
00:17:48,643 --> 00:17:50,522
That's... That's why
we overstretched.
411
00:17:50,523 --> 00:17:51,963
She should be strung up for it.
412
00:17:54,963 --> 00:17:57,202
This is all going
to end in a purge,
413
00:17:57,203 --> 00:17:58,723
which for us means...
414
00:17:59,363 --> 00:18:00,363
a putsch.
415
00:18:03,403 --> 00:18:05,082
How does Eric Tao,
416
00:18:05,083 --> 00:18:07,042
global head
of institutional security
417
00:18:07,043 --> 00:18:08,083
sound to you?
418
00:18:09,923 --> 00:18:11,522
And follow in your slipstream?
419
00:18:11,523 --> 00:18:12,643
(DOOR OPENS)
420
00:18:15,283 --> 00:18:16,283
(DOOR CLOSES)
421
00:18:20,443 --> 00:18:22,162
ERIC: I wonder
what they're talking about.
422
00:18:22,163 --> 00:18:23,922
ADLER:
Whatever outcome suits them.
423
00:18:23,923 --> 00:18:27,202
It's key we lay as much shit
as we can at her feet.
424
00:18:27,203 --> 00:18:29,242
She can be ESG's headstone.
425
00:18:29,243 --> 00:18:30,763
- Bury it beneath her.
- (CELL PHONE VIBRATES)
426
00:18:34,123 --> 00:18:35,443
ADLER: O-fucking-kay.
427
00:18:36,563 --> 00:18:38,322
Mitsubishi is live.
I've been, uh, close to them
428
00:18:38,323 --> 00:18:39,882
since my stint in Tokyo
in the aughts.
429
00:18:39,883 --> 00:18:41,722
I've been priming them
on a capital injection angle
430
00:18:41,723 --> 00:18:42,843
for the last few weeks.
431
00:18:45,123 --> 00:18:46,962
It'll allow us
to fight another day
432
00:18:46,963 --> 00:18:48,562
and keep Pierpoint's autonomy.
433
00:18:48,563 --> 00:18:52,442
When I'm CFO, I'll fucking...
drag you up with me.
434
00:18:52,443 --> 00:18:54,283
I'll place you
anywhere in the world.
435
00:18:55,243 --> 00:18:57,802
How do you still have
the energy for this?
436
00:18:57,803 --> 00:19:00,003
- (CHUCKLING) What else is there?
- (ERIC CHUCKLES)
437
00:19:01,203 --> 00:19:03,043
The action is the juice.
438
00:19:11,323 --> 00:19:13,762
♪ (TENSE MUSIC BUILDS,
CONCLUDES) ♪
439
00:19:13,763 --> 00:19:16,803
♪ ("EASY TO BE HARD"
BY GOOF PLAYING) ♪
440
00:19:20,003 --> 00:19:21,722
ROBERT: They're fundamentally
non-toxic, right?
441
00:19:21,723 --> 00:19:23,322
So, that means
you could get it to be
442
00:19:23,323 --> 00:19:24,522
as integrated
into your daily life
443
00:19:24,523 --> 00:19:26,042
as... as your morning coffee.
444
00:19:26,043 --> 00:19:27,962
You are talking about
magic mushrooms, right?
445
00:19:27,963 --> 00:19:29,722
ROBERT: The active ingredient
is psilocybin, yeah,
446
00:19:29,723 --> 00:19:31,962
but it's in pharmaceutical form,
in LittleLabs product.
447
00:19:31,963 --> 00:19:34,642
So, surely the whole point
is to get as mashed out
448
00:19:34,643 --> 00:19:36,162
of your own fucking head
as possible?
449
00:19:36,163 --> 00:19:38,602
ROBERT: No, no, it's clearly
an attitudinal thing, you know?
450
00:19:38,603 --> 00:19:42,603
It's about dose and mindset,
setting, you know? It...
451
00:19:43,563 --> 00:19:46,522
It's not about taking
a fucking hero dose
452
00:19:46,523 --> 00:19:48,482
and seeing
the face of God or whatever.
453
00:19:48,483 --> 00:19:51,322
It's... It's about
an overall heightening
454
00:19:51,323 --> 00:19:53,122
in your day-to-day state,
455
00:19:53,123 --> 00:19:56,522
your introspection,
your... your compassion.
456
00:19:56,523 --> 00:19:58,162
(SCOFFS) Do I sound stupid?
457
00:19:58,163 --> 00:20:00,362
Word of warning,
you have no idea how annoying
458
00:20:00,363 --> 00:20:02,442
it is just listening
to someone proselytizing
459
00:20:02,443 --> 00:20:03,962
about the benefits
of hallucinogens.
460
00:20:03,963 --> 00:20:06,242
It's like... It's... it's just...
It's like you've joined a cult,
461
00:20:06,243 --> 00:20:07,482
- honestly.
- (LAUGHS)
462
00:20:07,483 --> 00:20:10,402
Finally, you're a little more
fucking animated. (CHUCKLES)
463
00:20:10,403 --> 00:20:12,923
Only took you having to put
someone down to get you there.
464
00:20:13,443 --> 00:20:14,602
(YASMIN CHUCKLES SOFTLY)
465
00:20:14,603 --> 00:20:16,922
Anyway, you're missing
the point, you know,
466
00:20:16,923 --> 00:20:20,842
this is just...
It's a chance for me,
467
00:20:20,843 --> 00:20:23,643
you know,
to do something off my own bat.
468
00:20:24,603 --> 00:20:25,603
For once.
469
00:20:29,163 --> 00:20:31,443
- ♪ (SONG STOPS ABRUPTLY) ♪
- (CELL PHONE RINGS, VIBRATES)
470
00:20:32,003 --> 00:20:33,003
YASMIN: It's Maxim.
471
00:20:33,803 --> 00:20:34,963
I can call him back.
472
00:20:36,043 --> 00:20:37,043
I need a piss.
473
00:20:37,044 --> 00:20:38,682
(TURN SIGNAL CLICKING)
474
00:20:38,683 --> 00:20:40,563
(URINE TRICKLING)
475
00:20:42,123 --> 00:20:45,322
- Hey, Maxim. Where are you?
- MAXIM ALONSO: Big Basin?
476
00:20:45,323 --> 00:20:46,683
South of San Fran.
477
00:20:47,883 --> 00:20:49,442
I'm not sure being alone
with my thoughts
478
00:20:49,443 --> 00:20:52,802
is worth the 5,000 dollars
a week I'm paying, but, uh...
479
00:20:52,803 --> 00:20:54,882
Yeah, well,
your mind is squalid enough
480
00:20:54,883 --> 00:20:57,522
to need airing, so it's probably
money well spent.
481
00:20:57,523 --> 00:20:59,483
Look, I'm sorry
for falling out of your life.
482
00:21:00,843 --> 00:21:03,322
I've been dealing
with my own shit, you know?
483
00:21:03,323 --> 00:21:05,923
I saw those appalling photos
of Charlie, and honestly, I...
484
00:21:07,003 --> 00:21:08,882
I couldn't sleep.
485
00:21:08,883 --> 00:21:11,162
You know, I'm supposed to lock
my phone in a lockbox here,
486
00:21:11,163 --> 00:21:13,962
but, uh, who am I kidding?
487
00:21:13,963 --> 00:21:15,243
Just keep having to use it.
488
00:21:17,043 --> 00:21:21,242
YASMIN:
Okay, so, um, what is it?
489
00:21:21,243 --> 00:21:23,522
Look, for all the reservations
I had about your father,
490
00:21:23,523 --> 00:21:25,762
you need to know
the company were complicit
491
00:21:25,763 --> 00:21:27,642
in all of the fucked-up shit
he did.
492
00:21:27,643 --> 00:21:30,002
- ♪ (SUSPENSEFUL MUSIC PLAYING) ♪
- How?
493
00:21:30,003 --> 00:21:33,682
I have some pretty heinous
anti-woke pals at Hanani
494
00:21:33,683 --> 00:21:35,162
who are on the board with me,
495
00:21:35,163 --> 00:21:37,562
and they hate its new hypocrisy.
496
00:21:37,563 --> 00:21:39,122
The NDAs your father had
497
00:21:39,123 --> 00:21:40,763
don't just cover
his personal life.
498
00:21:41,483 --> 00:21:42,602
Some of Charlie's women
499
00:21:42,603 --> 00:21:45,002
only started working
for Hanani Publishing
500
00:21:45,003 --> 00:21:46,642
after they had signed.
501
00:21:46,643 --> 00:21:48,682
Hanani gave them
these made-up jobs,
502
00:21:48,683 --> 00:21:50,882
bogus accounting lines
on the payroll.
503
00:21:50,883 --> 00:21:52,922
Rose and the company
bought their silence for years,
504
00:21:52,923 --> 00:21:54,002
just as much as he did.
505
00:21:54,003 --> 00:21:55,682
They... They're trying
to make me the face
506
00:21:55,683 --> 00:21:57,482
- of this thing.
- MAXIM: Yeah.
507
00:21:57,483 --> 00:21:59,042
Because
it's an open secret at Hanani,
508
00:21:59,043 --> 00:22:01,123
maybe it's a matter of time
before someone leaks it.
509
00:22:01,963 --> 00:22:03,442
If they feed you
to the press now,
510
00:22:03,443 --> 00:22:04,562
your vestigial board seat
511
00:22:04,563 --> 00:22:06,282
means you'll be
perfectly placed to be tarred
512
00:22:06,283 --> 00:22:07,682
if it ever comes to light.
513
00:22:07,683 --> 00:22:09,202
You're pre-packaged
to take the blame
514
00:22:09,203 --> 00:22:10,842
as you're already the headline.
515
00:22:10,843 --> 00:22:13,602
That sneaky, little cunt.
516
00:22:13,603 --> 00:22:16,562
MAXIM: Look, someone slipped me
a screenshot of the payrolls.
517
00:22:16,563 --> 00:22:18,802
The women with the NDAs
have a check next to their name.
518
00:22:18,803 --> 00:22:20,642
What... Can...
Can you send it to me?
519
00:22:20,643 --> 00:22:22,242
MAXIM: Yeah, I can,
but it's probably illegal
520
00:22:22,243 --> 00:22:24,122
to send this kind
of proprietary information.
521
00:22:24,123 --> 00:22:25,722
Your lawyer
will advise you not to use it,
522
00:22:25,723 --> 00:22:27,762
but I'll send it along.
523
00:22:27,763 --> 00:22:30,042
I just don't think they should
be compounding your guilt...
524
00:22:30,043 --> 00:22:32,802
sorry, grief.
525
00:22:32,803 --> 00:22:35,202
I don't want to tell you
how to feel about him.
526
00:22:35,203 --> 00:22:37,602
You know, I think Charlie
found it difficult
527
00:22:37,603 --> 00:22:38,963
to see people as people.
528
00:22:39,843 --> 00:22:41,523
Yeah, you don't fucking say.
529
00:22:42,643 --> 00:22:44,243
- (CELL PHONE THUDS)
- (SIGHS)
530
00:22:46,643 --> 00:22:47,643
Take care.
531
00:22:54,163 --> 00:22:55,762
♪ (SUSPENSEFUL MUSIC FADES) ♪
532
00:22:55,763 --> 00:22:58,042
- Is everything all right?
- Yeah. (CHUCKLES DRYLY)
533
00:22:58,043 --> 00:23:01,283
Super fucking duper.
So, this is it, right?
534
00:23:02,963 --> 00:23:04,282
This is the product
that you're selling?
535
00:23:04,283 --> 00:23:06,642
- If you get the job?
- Uh, yeah. Uh...
536
00:23:06,643 --> 00:23:08,723
Probably isn't the place
to take it properly, though.
537
00:23:10,083 --> 00:23:11,083
Right.
538
00:23:13,843 --> 00:23:14,843
(SIGHS)
539
00:23:17,923 --> 00:23:18,923
You hungry?
540
00:23:19,923 --> 00:23:21,683
(CHUCKLES, SNIFFLES) Yeah.
541
00:23:22,283 --> 00:23:23,283
(SNIFFLES)
542
00:23:24,643 --> 00:23:26,842
- Yeah, I'm fucking starving.
- (BOTH CHUCKLE)
543
00:23:26,843 --> 00:23:28,962
♪ ("21ST CENTURY LIVING"
BY TOMMY DOWN PLAYING) ♪
544
00:23:28,963 --> 00:23:30,643
ROBERT: (SIGHS) Come on, then.
545
00:23:32,243 --> 00:23:34,122
RECEPTIONIST: Oh, gosh. I do it
all the time. It's great.
546
00:23:34,123 --> 00:23:36,562
- ROBERT: Yeah?
- RECEPTIONIST: Yeah. (CHUCKLES)
547
00:23:36,563 --> 00:23:39,722
So, the rooms are next
to each other, six and seven.
548
00:23:39,723 --> 00:23:42,282
- Sorry that we're so late.
- (KEYS JINGLING)
549
00:23:42,283 --> 00:23:45,362
Um, checkout is at 11:00
and breakfast is from 7:00.
550
00:23:45,363 --> 00:23:47,082
- Great, thank you.
- RECEPTIONIST: Thanks.
551
00:23:47,083 --> 00:23:48,562
Just as a pre-warning,
552
00:23:48,563 --> 00:23:52,002
the, um, kettle in your room
is a little bit iffy.
553
00:23:52,003 --> 00:23:54,483
Oh, is there any way that
I could get one that works?
554
00:23:54,963 --> 00:23:56,603
Not tonight, sadly.
555
00:23:58,363 --> 00:24:00,762
It's just, it's a pretty basic
amenity though, no?
556
00:24:00,763 --> 00:24:03,602
Um, she can use mine,
it's all right.
557
00:24:03,603 --> 00:24:05,802
(CHUCKLES) Uh, right,
I'm gonna go dump the bags
558
00:24:05,803 --> 00:24:06,842
and then we'll grab a bite?
559
00:24:06,843 --> 00:24:08,282
- Mm-hmm.
- ROBERT: Uh, thank you.
560
00:24:08,283 --> 00:24:10,283
- Thank you, enjoy your stay.
- Cheers, thank you.
561
00:24:13,723 --> 00:24:15,843
RECEPTIONIST:
So, do you two work together?
562
00:24:16,923 --> 00:24:19,082
No, we're a couple.
563
00:24:19,083 --> 00:24:22,922
Oh, I just, um... I thought
with the separate rooms...
564
00:24:22,923 --> 00:24:24,963
We're very religious.
Do you have a lighter?
565
00:24:25,963 --> 00:24:26,963
Yes.
566
00:24:30,803 --> 00:24:32,562
DENISE OLDROYD: (OVER PHONE)
Yeah, I got your email.
567
00:24:32,563 --> 00:24:34,242
What do you expect me
to do with this?
568
00:24:34,243 --> 00:24:36,562
W... I mean, it's leverage, no?
569
00:24:36,563 --> 00:24:38,602
It's, like, evidence
of their complicity.
570
00:24:38,603 --> 00:24:40,282
This is on Rose's head.
571
00:24:40,283 --> 00:24:42,282
DENISE: Have you thought
about what making this public
572
00:24:42,283 --> 00:24:43,802
would do to the victims?
573
00:24:43,803 --> 00:24:47,162
These women, like you,
have been through a lot.
574
00:24:47,163 --> 00:24:49,482
Leaking this to the public
would re-traumatize them.
575
00:24:49,483 --> 00:24:51,442
I didn't think about that, no.
576
00:24:51,443 --> 00:24:53,482
DENISE: A publicity battle
is gonna be very hard,
577
00:24:53,483 --> 00:24:55,003
but we can win it.
578
00:24:56,043 --> 00:24:57,483
They go low, we go high.
579
00:24:57,883 --> 00:24:58,883
All right?
580
00:24:59,803 --> 00:25:01,443
- Speak later.
- (SIGHS)
581
00:25:06,163 --> 00:25:08,523
♪ (TENSE MUSIC PLAYING) ♪
582
00:25:10,243 --> 00:25:11,402
♪ (TENSE MUSIC CONCLUDES) ♪
583
00:25:11,403 --> 00:25:13,642
- (INDISTINCT CHATTER)
- That cunt never answers.
584
00:25:13,643 --> 00:25:15,642
Tom, Tom,
I've engaged Mitsubishi
585
00:25:15,643 --> 00:25:17,242
- in substantive talks...
- WILHELMINA: Uh...
586
00:25:17,243 --> 00:25:18,962
- ADLER: ...regarding a...
- Uh, Michael... Sorry.
587
00:25:18,963 --> 00:25:21,602
Michael Stone from Barclays
is on his way into the building.
588
00:25:21,603 --> 00:25:24,803
Michael and I
have a personal relationship.
589
00:25:25,963 --> 00:25:27,882
Horse-driven, mostly.
590
00:25:27,883 --> 00:25:31,602
Off the record, they've always
been interested in our business.
591
00:25:31,603 --> 00:25:34,922
Okay, so what's the play?
Sell a division?
592
00:25:34,923 --> 00:25:38,162
They did do that with Lehman's
core North American operations.
593
00:25:38,163 --> 00:25:41,762
Given that our share price
has now closed at 35 dollars,
594
00:25:41,763 --> 00:25:44,042
we are, by all accounts,
a distressed asset.
595
00:25:44,043 --> 00:25:45,522
They might weigh
buying us wholesale.
596
00:25:45,523 --> 00:25:48,002
(SCOFFS) We need
strategic investment,
597
00:25:48,003 --> 00:25:49,242
not a sale.
598
00:25:49,243 --> 00:25:51,962
In our 150th year,
we cannot become a subsidiary
599
00:25:51,963 --> 00:25:54,042
to a fucking
British high street bank.
600
00:25:54,043 --> 00:25:55,922
I appreciate how romantic a soul
601
00:25:55,923 --> 00:25:57,882
you have
in a room like this, truly,
602
00:25:57,883 --> 00:25:59,402
but we need to be practical.
603
00:25:59,403 --> 00:26:02,362
Barclays buying Pierpoint
may be our best option.
604
00:26:02,363 --> 00:26:04,122
♪ (TENSE MUSIC PLAYING) ♪
605
00:26:04,123 --> 00:26:05,322
Mr. Stone, welcome.
606
00:26:05,323 --> 00:26:07,002
MICHAEL STONE:
Oh, call me Michael, please.
607
00:26:07,003 --> 00:26:08,283
WOLSEY'S ASSISTANT:
Please, this way.
608
00:26:12,763 --> 00:26:14,323
(CELL PHONE VIBRATES)
609
00:26:15,563 --> 00:26:17,162
- Yeah?
- RISHI: Yeah, H.
610
00:26:17,163 --> 00:26:20,002
Listen, you might have
hit your take-profit level.
611
00:26:20,003 --> 00:26:21,442
The Barclays CEO just arrived
612
00:26:21,443 --> 00:26:23,642
and he looks
like he means business.
613
00:26:23,643 --> 00:26:25,642
And Pierpoint's stock
will rip on any merger
614
00:26:25,643 --> 00:26:28,082
or takeover chatter.
That's Nagasaki for your short.
615
00:26:28,083 --> 00:26:29,442
HARPER: It's definitely him?
616
00:26:29,443 --> 00:26:31,523
Oh, yeah,
and he looks horny for assets.
617
00:26:32,243 --> 00:26:33,282
HARPER: Thanks.
618
00:26:33,283 --> 00:26:36,442
Um, hey, you know,
I can't hire three people, Rish.
619
00:26:36,443 --> 00:26:37,643
What do you wanna do?
620
00:26:39,723 --> 00:26:42,043
Babes, come on.
You know it's only ever been me.
621
00:26:44,563 --> 00:26:47,443
Okay, um, come in after this
all shakes out and we'll talk.
622
00:26:49,483 --> 00:26:52,282
And how would the floor
take a sale to fucking Barclays?
623
00:26:52,283 --> 00:26:54,322
- ♪ (TENSE MUSIC CONCLUDES) ♪
- Maybe they just want
624
00:26:54,323 --> 00:26:56,282
somewhere to come to work.
625
00:26:56,283 --> 00:26:57,882
ADLER: You don't have
20 years of options.
626
00:26:57,883 --> 00:26:59,442
I've never sold a goddamn share.
627
00:26:59,443 --> 00:27:01,322
A Brit takeover
would decimate it all.
628
00:27:01,323 --> 00:27:03,163
BLOUNT:
You could keep your deferreds.
629
00:27:04,123 --> 00:27:05,123
Chump change.
630
00:27:05,124 --> 00:27:06,923
So, now we see
your real motivation.
631
00:27:08,043 --> 00:27:09,522
ADLER:
And what's your motivation?
632
00:27:09,523 --> 00:27:11,122
Brokering a deal
that obliterates us
633
00:27:11,123 --> 00:27:13,402
so long as you're central enough
to keep your seat at the table?
634
00:27:13,403 --> 00:27:14,522
You know what?
635
00:27:14,523 --> 00:27:16,202
I think I've finally made up
my mind about you.
636
00:27:16,203 --> 00:27:17,322
Oh, go on.
637
00:27:17,323 --> 00:27:19,162
- Please, enlighten me.
- You want to take this offline?
638
00:27:19,163 --> 00:27:21,042
(LAUGHS) Does that fake
macho bullshit ever actually...
639
00:27:21,043 --> 00:27:23,162
You have the imagination
of a fucking...
640
00:27:23,163 --> 00:27:24,602
- BLOUNT: Michael!
- MICHAEL: Phillip.
641
00:27:24,603 --> 00:27:27,202
Hi. Hi. Wilhelmina.
642
00:27:27,203 --> 00:27:28,802
- We spoke on the phone.
- MICHAEL: Yes, we did.
643
00:27:28,803 --> 00:27:30,082
- Hi.
- WILHELMINA: Nice to see you. Hi.
644
00:27:30,083 --> 00:27:31,163
WOLSEY: Tom Wolsey.
645
00:27:32,243 --> 00:27:33,882
(INDISTINCT CHATTER)
646
00:27:33,883 --> 00:27:35,403
- ROBERT: Oi, oi.
- YASMIN: Ah.
647
00:27:35,963 --> 00:27:37,082
Bon appétit. (CHUCKLES)
648
00:27:37,083 --> 00:27:39,482
YASMIN: What the fuck
is that? (CHUCKLES)
649
00:27:39,483 --> 00:27:41,162
- ROBERT: Are you kidding?
- No.
650
00:27:41,163 --> 00:27:42,762
I got them to put scraps on
and everything.
651
00:27:42,763 --> 00:27:44,722
YASMIN: Honestly, what is it?
652
00:27:44,723 --> 00:27:46,322
What... It's a battered sausage.
653
00:27:46,323 --> 00:27:48,562
I'm not eating
a battered sausage. (LAUGHS)
654
00:27:48,563 --> 00:27:50,122
Have a chip, at least.
655
00:27:50,123 --> 00:27:51,843
- YASMIN: Okay.
- ROBERT: Don't be such a snob.
656
00:27:54,403 --> 00:27:55,403
(BATTER CRUNCHES)
657
00:27:56,243 --> 00:27:57,483
How perfect is this?
658
00:28:00,523 --> 00:28:01,523
YASMIN: Hmm.
659
00:28:08,883 --> 00:28:10,003
You know, um...
660
00:28:11,803 --> 00:28:14,282
you could probably invite
that impressionable, young girl
661
00:28:14,283 --> 00:28:16,363
up to your room
and fuck her silly.
662
00:28:17,523 --> 00:28:20,483
'Cause... (CLEARS THROAT)
...there's not gonna be any...
663
00:28:21,283 --> 00:28:23,562
room hopping tonight here.
664
00:28:23,563 --> 00:28:26,922
Just FYI, you know,
as fun as that might be.
665
00:28:26,923 --> 00:28:28,003
What are you doing?
666
00:28:29,203 --> 00:28:30,203
What do you mean?
667
00:28:31,363 --> 00:28:32,642
You don't have to.
668
00:28:32,643 --> 00:28:34,763
(WAVES LAPPING)
669
00:28:36,683 --> 00:28:38,923
(QUIVERING) Not everything
with us has to be a fucking game.
670
00:28:41,243 --> 00:28:44,843
Whatever vulnerability
that you're feeling right now...
671
00:28:45,963 --> 00:28:46,963
sit in it.
672
00:28:48,643 --> 00:28:49,643
All right?
673
00:28:51,643 --> 00:28:52,643
'Cause we are...
674
00:28:53,243 --> 00:28:55,203
We are beyond the game.
675
00:28:58,683 --> 00:28:59,763
Sorry.
676
00:29:00,603 --> 00:29:01,603
(SNIFFLES)
677
00:29:11,803 --> 00:29:12,803
I'm sorry.
678
00:29:15,403 --> 00:29:16,923
I don't know
why I act like that.
679
00:29:21,723 --> 00:29:22,723
(SNIFFLES)
680
00:29:26,763 --> 00:29:28,242
(SNIFFLES) I don't know.
681
00:29:28,243 --> 00:29:30,963
I'm good at making people feel
like I love them.
682
00:29:33,283 --> 00:29:34,443
But, um...
683
00:29:36,483 --> 00:29:37,923
I don't know that I ever have.
684
00:29:41,243 --> 00:29:42,243
Have you?
685
00:29:44,843 --> 00:29:45,843
Yeah.
686
00:29:49,683 --> 00:29:51,282
Girlfriend at school, Izzy Boon.
687
00:29:51,283 --> 00:29:53,923
- I was fucking obsessed.
- (LAUGHS)
688
00:29:57,083 --> 00:29:58,883
(CHUCKLES)
689
00:30:01,763 --> 00:30:03,962
YASMIN:
It's just my first instinct.
690
00:30:03,963 --> 00:30:05,563
Whenever I feel anything,
691
00:30:06,243 --> 00:30:10,922
like... love or care, um,
692
00:30:10,923 --> 00:30:13,242
I just want to make it ugly
as quickly as I possibly can.
693
00:30:13,243 --> 00:30:15,042
You know,
turn it into something else.
694
00:30:15,043 --> 00:30:17,922
(SNIFFLES) Turn it into sex.
You know, anything else.
695
00:30:17,923 --> 00:30:19,642
♪ (SOFT MUSIC PLAYING) ♪
696
00:30:19,643 --> 00:30:20,723
Right.
697
00:30:28,123 --> 00:30:29,363
I don't know what to say.
698
00:30:30,883 --> 00:30:31,883
(SNIFFLES)
699
00:30:37,083 --> 00:30:38,483
Uh, all I know is...
700
00:30:42,043 --> 00:30:43,723
is that for the first time...
701
00:30:45,683 --> 00:30:46,723
in a long time...
702
00:30:49,203 --> 00:30:50,883
I've got this feeling
in my stomach.
703
00:30:54,403 --> 00:30:55,643
I couldn't work out what it was.
704
00:30:59,123 --> 00:31:00,243
But I know now...
705
00:31:02,643 --> 00:31:04,203
that it's anticipation.
706
00:31:06,883 --> 00:31:08,523
It's excitement for the future.
707
00:31:30,363 --> 00:31:32,683
♪ (SOFT MUSIC CONTINUES) ♪
708
00:31:40,603 --> 00:31:41,763
(KEYS JINGLING)
709
00:31:53,243 --> 00:31:55,683
- (DOOR CLOSES)
- ♪ (SOFT MUSIC FADES) ♪
710
00:32:01,203 --> 00:32:02,483
Our short is about to turn.
711
00:32:07,523 --> 00:32:08,523
How do you know?
712
00:32:09,163 --> 00:32:12,363
Uh, well, um...
713
00:32:12,963 --> 00:32:14,362
(INHALES) Listen, I...
714
00:32:14,363 --> 00:32:16,202
I think we
are diametrically opposed
715
00:32:16,203 --> 00:32:17,762
when it comes
to the relationship
716
00:32:17,763 --> 00:32:19,962
between information
and how it's traded upon, right?
717
00:32:19,963 --> 00:32:23,402
I think everything and everyone
718
00:32:23,403 --> 00:32:26,242
is moving
in a big sludge of gray.
719
00:32:26,243 --> 00:32:27,922
Don't over-intellectualize
this shit.
720
00:32:27,923 --> 00:32:29,043
What have you done?
721
00:32:30,803 --> 00:32:31,962
I have it on good authority
722
00:32:31,963 --> 00:32:33,442
Michael Stone
has just gone into Pierpoint.
723
00:32:33,443 --> 00:32:35,442
It's an acquisition target.
724
00:32:35,443 --> 00:32:38,082
We need to take profit
before they buy it,
725
00:32:38,083 --> 00:32:40,282
and Pierpoint stock rallies.
726
00:32:40,283 --> 00:32:42,323
Uh-uh. No.
I don't think we should do that.
727
00:32:43,363 --> 00:32:44,722
Why?
728
00:32:44,723 --> 00:32:48,762
Think about the risk-reward.
I mean, what percentage chance
729
00:32:48,763 --> 00:32:51,722
do you ascribe to him
being there to buy it?
730
00:32:51,723 --> 00:32:56,642
I mean, like a hundred percent?
It's too big a coincidence.
731
00:32:56,643 --> 00:32:59,442
They're throwing a party
for financial luminaries, no?
732
00:32:59,443 --> 00:33:01,682
And look, I mean,
even if it's true,
733
00:33:01,683 --> 00:33:03,922
so the stock
gets a bump on the headline.
734
00:33:03,923 --> 00:33:05,362
I mean,
what about the due diligence,
735
00:33:05,363 --> 00:33:06,482
the regulator, the government?
736
00:33:06,483 --> 00:33:08,042
Balance that against
what we stand to gain
737
00:33:08,043 --> 00:33:10,522
if we hold the line,
if Pierpoint trades to zero.
738
00:33:10,523 --> 00:33:11,762
Where's your stomach?
739
00:33:11,763 --> 00:33:13,722
HARPER: I just don't know what
it looks like to the regulator
740
00:33:13,723 --> 00:33:15,402
if we're always
on the right side of this trade
741
00:33:15,403 --> 00:33:17,162
at precisely the right time.
742
00:33:17,163 --> 00:33:18,722
(CLOCK TOWER BELL
RINGING IN DISTANCE)
743
00:33:18,723 --> 00:33:20,163
PETRA KOENIG:
What aren't you telling me?
744
00:33:21,363 --> 00:33:25,002
HARPER: Um, again,
moving forward with honesty...
745
00:33:25,003 --> 00:33:27,202
♪ (SUSPENSEFUL MUSIC PLAYING) ♪
746
00:33:27,203 --> 00:33:29,563
...I know Pierpoint
are terminally ill.
747
00:33:30,723 --> 00:33:32,242
How?
748
00:33:32,243 --> 00:33:35,203
I overheard it. In the toilet.
749
00:33:38,603 --> 00:33:39,643
In Pierpoint?
750
00:33:42,923 --> 00:33:45,043
Holy fucking
cunting Christ. I...
751
00:33:46,283 --> 00:33:50,722
Okay, that is a completely
different beast.
752
00:33:50,723 --> 00:33:52,162
I mean, trading on anything
753
00:33:52,163 --> 00:33:53,922
that you hear in there
is privileged information.
754
00:33:53,923 --> 00:33:55,162
They... they know
we were in there.
755
00:33:55,163 --> 00:33:56,642
There's... there's cameras,
there's records.
756
00:33:56,643 --> 00:33:59,242
Okay, but like,
how is an SEC FCA investigation
757
00:33:59,243 --> 00:34:01,402
gonna put anything together
based on that?
758
00:34:01,403 --> 00:34:04,202
It would be speculative at best.
759
00:34:04,203 --> 00:34:06,402
What, we took a meeting
and placed a short?
760
00:34:06,403 --> 00:34:08,082
Lock us up,
throw away the key, come on.
761
00:34:08,083 --> 00:34:09,202
PETRA: Okay, okay.
762
00:34:09,203 --> 00:34:11,922
The whole thing is fucking
information soup.
763
00:34:11,923 --> 00:34:13,802
That is the point.
764
00:34:13,803 --> 00:34:15,683
(GROANS, EXHALES SHARPLY)
765
00:34:18,323 --> 00:34:20,963
You've backed us
into a major fucking corner.
766
00:34:23,723 --> 00:34:24,843
Okay, well...
767
00:34:26,163 --> 00:34:27,203
I've said my piece.
768
00:34:28,763 --> 00:34:29,763
Yeah.
769
00:34:32,563 --> 00:34:34,562
- (SIGHS)
- ♪ (SUSPENSEFUL MUSIC FADES) ♪
770
00:34:34,563 --> 00:34:35,882
MICHAEL: People damn Lehman
771
00:34:35,883 --> 00:34:38,083
because of poor
risk management in one area.
772
00:34:38,883 --> 00:34:40,122
Housing derivatives.
773
00:34:40,123 --> 00:34:41,922
But we benefited hugely
774
00:34:41,923 --> 00:34:44,762
from acquiring the bond trading
and EM businesses.
775
00:34:44,763 --> 00:34:47,002
I'm sure Pierpoint's suite
will be
776
00:34:47,003 --> 00:34:49,642
similarly exciting,
synergistically, for us.
777
00:34:49,643 --> 00:34:51,162
We can give the market
the soft signal
778
00:34:51,163 --> 00:34:53,482
this is happening
and allay the share price.
779
00:34:53,483 --> 00:34:56,322
Stave off any more panic.
Give us some breathing room.
780
00:34:56,323 --> 00:34:58,522
Can I ask,
would we be Barclays-Pierpoint
781
00:34:58,523 --> 00:35:00,002
or Pierpoint-Barclays?
782
00:35:00,003 --> 00:35:01,522
Do we care about the cosmetics?
783
00:35:01,523 --> 00:35:03,602
As someone who's been here
longer than a fortnight,
784
00:35:03,603 --> 00:35:05,202
you should care about
the weight of our name.
785
00:35:05,203 --> 00:35:06,282
If you're addressing me,
786
00:35:06,283 --> 00:35:07,642
could you look me
in the face, please?
787
00:35:07,643 --> 00:35:09,162
(SCOFFS SOFTLY)
788
00:35:09,163 --> 00:35:10,962
Do we care about saving the name
789
00:35:10,963 --> 00:35:13,242
or saving the jobs
of the people who work for us?
790
00:35:13,243 --> 00:35:14,523
Well, maybe you can tell us.
791
00:35:15,203 --> 00:35:16,642
Or maybe our potential suitor
792
00:35:16,643 --> 00:35:18,483
is best placed
to answer that question.
793
00:35:21,243 --> 00:35:25,323
You guys are trading off
a 150-year reputation,
794
00:35:26,043 --> 00:35:28,003
which we respect, of course.
795
00:35:29,283 --> 00:35:30,962
But practically,
796
00:35:30,963 --> 00:35:34,043
we are interested
in your infrastructure.
797
00:35:35,283 --> 00:35:39,042
Now, as time is of the essence,
I'll make some phone calls.
798
00:35:39,043 --> 00:35:41,362
I mean, you know, that is
if you're still interested.
799
00:35:41,363 --> 00:35:42,603
(CHUCKLES) Please.
800
00:35:44,923 --> 00:35:47,723
♪ (CONTEMPLATIVE MUSIC
PLAYING) ♪
801
00:35:48,523 --> 00:35:49,642
Tell me how
that was appropriate.
802
00:35:49,643 --> 00:35:51,322
ADLER: What's inappropriate
is not drilling down
803
00:35:51,323 --> 00:35:52,842
on what this guy
means by infrastructure.
804
00:35:52,843 --> 00:35:54,522
Is that our... our tech,
our terminals?
805
00:35:54,523 --> 00:35:56,522
Is that the fucking building
in Midtown? What?
806
00:35:56,523 --> 00:35:57,923
I'm sure that'll be shaken out.
807
00:35:58,923 --> 00:36:00,043
Go fuck yourself.
808
00:36:01,923 --> 00:36:04,362
I do that regularly, thank you.
809
00:36:04,363 --> 00:36:07,322
Can I ask what the actual fuck
it is you're doing here?
810
00:36:07,323 --> 00:36:08,402
You're barely 40.
811
00:36:08,403 --> 00:36:10,802
You're a fucking
British management consultant.
812
00:36:10,803 --> 00:36:12,082
Bill, calm down.
813
00:36:12,083 --> 00:36:14,002
What we need
is a capital injection
814
00:36:14,003 --> 00:36:15,802
so we're not backed
into a corner
815
00:36:15,803 --> 00:36:17,202
and into a deal
not on our terms.
816
00:36:17,203 --> 00:36:18,362
We need thinking time.
817
00:36:18,363 --> 00:36:20,282
It's a Band-Aid.
A Band-Aid is not a solution.
818
00:36:20,283 --> 00:36:21,882
Mitsubishi will tide us over.
819
00:36:21,883 --> 00:36:24,682
They want us to be us
with no stipulations.
820
00:36:24,683 --> 00:36:27,123
There is no such thing
as free money.
821
00:36:30,203 --> 00:36:32,122
We will thrash out
a palatable acquisition
822
00:36:32,123 --> 00:36:33,682
multiple for all parties,
823
00:36:33,683 --> 00:36:35,802
but I guess
we can now shake hands.
824
00:36:35,803 --> 00:36:36,922
(LAUGHS)
825
00:36:36,923 --> 00:36:38,642
That's pending dotting the i's
and crossing the t's
826
00:36:38,643 --> 00:36:40,522
for the regulator.
827
00:36:40,523 --> 00:36:43,562
And we'll pen an announcement
to cushion the share price.
828
00:36:43,563 --> 00:36:45,203
- WILHELMINA: This is great news.
- MICHAEL: Yeah.
829
00:36:46,363 --> 00:36:48,443
(INDISTINCT CHATTER)
830
00:36:51,043 --> 00:36:52,643
ADLER: So, this
is what death feels like.
831
00:36:53,763 --> 00:36:55,523
One hundred and fifty years
to build it.
832
00:36:57,403 --> 00:36:59,603
Two-minute phone call
to bring it all down.
833
00:37:18,123 --> 00:37:19,602
Bill can't behave like that
834
00:37:19,603 --> 00:37:21,643
when the rest of Barclays
management come in.
835
00:37:24,163 --> 00:37:25,602
He has our best interests...
836
00:37:25,603 --> 00:37:28,043
Has he promised you the world
if he comes out on top?
837
00:37:30,563 --> 00:37:32,323
He has a habit of doing that.
838
00:37:33,803 --> 00:37:36,483
Why is he turning this
into a political zero-sum game?
839
00:37:37,883 --> 00:37:39,962
These factions,
it's child's play.
840
00:37:39,963 --> 00:37:42,082
If we play this right
and quell the infighting,
841
00:37:42,083 --> 00:37:43,722
everyone in the room
will be safe.
842
00:37:43,723 --> 00:37:47,203
Do... Do I count as in the room?
843
00:37:49,363 --> 00:37:51,043
Get in Bill's ear,
that's how you count.
844
00:37:52,483 --> 00:37:53,962
Bring him to heel.
845
00:37:53,963 --> 00:37:55,442
Convince him not to embarrass us
846
00:37:55,443 --> 00:37:57,643
in front of the people
who are offering us a lifeline.
847
00:37:58,883 --> 00:38:00,002
(SCOFFS)
848
00:38:00,003 --> 00:38:02,483
You don't buy that BS
about the workforce, do you?
849
00:38:04,083 --> 00:38:06,643
The guy usually pops a chub
for reducing head count.
850
00:38:07,403 --> 00:38:08,523
He's weaponizing them.
851
00:38:10,123 --> 00:38:11,202
He's self-interested.
852
00:38:11,203 --> 00:38:14,003
He just wants to play Christ
with the Mitsubishi plan.
853
00:38:14,763 --> 00:38:16,882
We both know
it's not gonna work.
854
00:38:16,883 --> 00:38:20,323
And as far as he's concerned,
you're a useful idiot.
855
00:38:28,683 --> 00:38:30,242
(WATER BURBLING)
856
00:38:30,243 --> 00:38:32,562
(YASMIN BREATHING DEEPLY)
857
00:38:32,563 --> 00:38:34,563
♪ (CONTEMPLATIVE MUSIC
CONCLUDES) ♪
858
00:38:37,723 --> 00:38:40,643
♪ ("MODULAR 4"
BY GODFORD PLAYING) ♪
859
00:39:10,403 --> 00:39:12,962
PETRA: Otto, look,
I wouldn't be calling you
860
00:39:12,963 --> 00:39:15,242
if it wasn't a last resort,
and I feel terrible
861
00:39:15,243 --> 00:39:16,722
about going behind her back,
862
00:39:16,723 --> 00:39:19,082
but I need
my working relationships
863
00:39:19,083 --> 00:39:24,642
to be predicated on trust,
and on that basis, I, uh...
864
00:39:24,643 --> 00:39:27,362
I think it's becoming
untenable with Harper.
865
00:39:27,363 --> 00:39:28,962
Are you coming to bed?
866
00:39:28,963 --> 00:39:31,042
OTTO MOSTYN: Hmm. You're one
of my best performing projects.
867
00:39:31,043 --> 00:39:32,562
What's happened?
868
00:39:32,563 --> 00:39:35,922
PETRA: She's being reckless
with our AUM.
869
00:39:35,923 --> 00:39:37,083
Reckless how?
870
00:39:38,563 --> 00:39:39,563
Legally.
871
00:39:40,363 --> 00:39:41,402
OTTO: Hmm.
872
00:39:41,403 --> 00:39:43,842
You mean she's reckless
with my money?
873
00:39:43,843 --> 00:39:47,643
That is simply something
I cannot countenance.
874
00:39:49,363 --> 00:39:50,442
♪ (SONG CONCLUDES) ♪
875
00:39:50,443 --> 00:39:52,082
I'm sick of talking
around the fact
876
00:39:52,083 --> 00:39:54,882
that you are solely to blame
for Pierpoint's insolvency.
877
00:39:54,883 --> 00:39:57,802
It was a strategy
agreed upon by a committee.
878
00:39:57,803 --> 00:39:59,322
It was only a committee
when it failed.
879
00:39:59,323 --> 00:40:00,363
WILHELMINA: Bill, can...
880
00:40:04,283 --> 00:40:06,443
I have bad news.
881
00:40:07,363 --> 00:40:08,563
(SMACKS LIPS) Um...
882
00:40:10,203 --> 00:40:11,642
We need significantly more time
883
00:40:11,643 --> 00:40:13,442
to get us over the line
with the regulator.
884
00:40:13,443 --> 00:40:15,402
We don't have any more time.
885
00:40:15,403 --> 00:40:17,442
(SIGHS) Talk straight.
What's going on?
886
00:40:17,443 --> 00:40:18,722
♪ (SUSPENSEFUL MUSIC PLAYING) ♪
887
00:40:18,723 --> 00:40:20,642
Well, between us,
I've just got off the phone
888
00:40:20,643 --> 00:40:21,722
with the chancellor,
889
00:40:21,723 --> 00:40:24,082
and he understands
the gravity of the situation,
890
00:40:24,083 --> 00:40:26,282
but he can't be seen
to be ratifying
891
00:40:26,283 --> 00:40:28,322
the effective bailout
of another bank.
892
00:40:28,323 --> 00:40:30,202
He's on thin ice as it is,
893
00:40:30,203 --> 00:40:33,122
and he's got this bloody caucus
of populist Tory backbenchers
894
00:40:33,123 --> 00:40:35,163
making his life... hell.
895
00:40:36,883 --> 00:40:39,723
So, yeah.
Sorry, I can't be of more help.
896
00:40:40,323 --> 00:40:41,362
So, what? We...
897
00:40:41,363 --> 00:40:44,123
We're just at the mercy
of someone else's ambition.
898
00:40:45,763 --> 00:40:46,803
Aren't we always?
899
00:40:48,963 --> 00:40:50,443
Look, I need to get some sleep.
900
00:40:52,003 --> 00:40:53,003
Best of luck.
901
00:40:56,843 --> 00:40:58,483
WOLSEY: Fuck!
902
00:40:58,963 --> 00:40:59,963
(DOOR CLOSES)
903
00:40:59,964 --> 00:41:02,083
EDDIE: So, this is
what we have at the moment.
904
00:41:03,363 --> 00:41:05,762
The chancellor
now looks like an ally
905
00:41:05,763 --> 00:41:08,402
of the financial sector's
lawlessness
906
00:41:08,403 --> 00:41:10,922
and weak for kowtowing
907
00:41:10,923 --> 00:41:13,483
to an influential group
of backbenchers.
908
00:41:14,123 --> 00:41:15,483
Led by his successor.
909
00:41:16,723 --> 00:41:19,402
Are we ready for that move?
910
00:41:19,403 --> 00:41:20,922
ALEXANDER NORTON:
Maybe after the election.
911
00:41:20,923 --> 00:41:23,442
(KEYBOARD KEYS CLACKING)
912
00:41:23,443 --> 00:41:26,323
But these headlines
won't hurt your chances.
913
00:41:31,123 --> 00:41:33,122
Eddie, thank you
for staying so late.
914
00:41:33,123 --> 00:41:35,643
Let's have this online
before the country wakes up.
915
00:41:35,963 --> 00:41:37,322
Got it.
916
00:41:37,323 --> 00:41:41,042
♪ ("YOU MAKE ME FEEL (MIGHTY REAL)"
BY JIMMY SOMERVILLE PLAYING) ♪
917
00:41:41,043 --> 00:41:42,522
SWEETPEA:
If he thinks this leads
918
00:41:42,523 --> 00:41:46,402
to a fashion-adjacent lifestyle,
it's immediately a red flag.
919
00:41:46,403 --> 00:41:47,842
He was a hundred percent
a misogynist,
920
00:41:47,843 --> 00:41:49,482
- and possibly a psychopath.
- (LAUGHS)
921
00:41:49,483 --> 00:41:52,242
RISHI: What in the good fuck
is going on?
922
00:41:52,243 --> 00:41:54,282
You better have sold the rest
of my fucking positions.
923
00:41:54,283 --> 00:41:56,162
Where have you been? (CHUCKLES)
924
00:41:56,163 --> 00:41:57,483
I've been playing
the fruities...
925
00:41:58,163 --> 00:41:59,242
with a client.
926
00:41:59,243 --> 00:42:02,322
Some, uh... Some guy
keeps calling the desk for you.
927
00:42:02,323 --> 00:42:03,483
RISHI: Who?
928
00:42:05,243 --> 00:42:06,323
Vin? Vinnie?
929
00:42:06,923 --> 00:42:08,322
- Vinay?
- That's the one.
930
00:42:08,323 --> 00:42:09,882
- RISHI: He called here?
- Yeah.
931
00:42:09,883 --> 00:42:11,883
ANRAJ: You're a dickhead, bruv.
932
00:42:13,323 --> 00:42:14,603
A fucking dickhead.
933
00:42:15,443 --> 00:42:17,922
So, Anraj is on ecstasy.
934
00:42:17,923 --> 00:42:20,962
He was catatonic drunk,
but hey, he insisted,
935
00:42:20,963 --> 00:42:23,602
and, well, we dragged
some people to the floor
936
00:42:23,603 --> 00:42:27,723
and, hey, they can't
fire us twice, right? (LAUGHS)
937
00:42:28,443 --> 00:42:30,162
You bully me
938
00:42:30,163 --> 00:42:31,642
'cause you were
bullied at school, innit?
939
00:42:31,643 --> 00:42:32,682
Shut the fuck up!
940
00:42:32,683 --> 00:42:35,042
No, you're pure
small-man syndrome, bruv.
941
00:42:35,043 --> 00:42:36,322
You got no taste, bruv.
942
00:42:36,323 --> 00:42:38,122
Look at your car,
your taste level's dead.
943
00:42:38,123 --> 00:42:39,522
Why didn't you
sell my fucking axes?
944
00:42:39,523 --> 00:42:41,202
Your IG Explore page must be
945
00:42:41,203 --> 00:42:43,322
- a crime against humanity!
- Shut the fuck up!
946
00:42:43,323 --> 00:42:44,762
ANRAJ:
No, I'm done being quiet.
947
00:42:44,763 --> 00:42:46,562
Now, look... look, we're not...
we're not sick, Rishi.
948
00:42:46,563 --> 00:42:48,722
We're not gonna play Santa,
wrapping coal in a bow
949
00:42:48,723 --> 00:42:49,842
for your clients.
950
00:42:49,843 --> 00:42:52,282
We're not gonna torch
our reputations in the market
951
00:42:52,283 --> 00:42:54,722
selling
your worthless positions.
952
00:42:54,723 --> 00:42:58,083
Huh? Why would we?
To what end, anyway?
953
00:43:01,843 --> 00:43:03,083
Best of luck drowning.
954
00:43:08,083 --> 00:43:09,243
Fuck.
955
00:43:11,363 --> 00:43:13,162
(CROWD CHEERING)
956
00:43:13,163 --> 00:43:15,843
(COUPLE MOANING)
957
00:43:20,483 --> 00:43:22,403
♪ (SONG FADES) ♪
958
00:43:23,083 --> 00:43:24,602
WOLSEY: What's the time, please?
959
00:43:24,603 --> 00:43:26,442
WILHELMINA:
It's just gone 4:00 a.m.
960
00:43:26,443 --> 00:43:28,563
- ♪ (SUSPENSEFUL MUSIC PLAYING) ♪
- WOLSEY: Okay.
961
00:43:29,683 --> 00:43:32,402
We have around
ten hours till U.S. open.
962
00:43:32,403 --> 00:43:34,002
Put a fucking solution
in front of me.
963
00:43:34,003 --> 00:43:35,202
Mitsubishi is still in play.
964
00:43:35,203 --> 00:43:36,802
I can wake the head
of their London office.
965
00:43:36,803 --> 00:43:38,122
They... They want this
as much as us.
966
00:43:38,123 --> 00:43:39,842
This solve
is not viable long term,
967
00:43:39,843 --> 00:43:41,242
given the state
of our balance sheet.
968
00:43:41,243 --> 00:43:43,722
To assuage market fears,
all that matters is we can prove
969
00:43:43,723 --> 00:43:45,042
we plugged the immediate hole.
970
00:43:45,043 --> 00:43:47,402
Why do you keep talking
when the value add of your ideas
971
00:43:47,403 --> 00:43:48,522
is less than zero?
972
00:43:48,523 --> 00:43:50,203
- (CHUCKLES)
- WOLSEY: We need to pivot.
973
00:43:50,683 --> 00:43:52,122
Mitsubishi?
974
00:43:52,123 --> 00:43:54,043
Wake them up.
Get them in the room.
975
00:43:55,643 --> 00:43:56,763
(FOOTSTEPS DEPART)
976
00:43:57,683 --> 00:44:01,603
(ADLER SPEAKING JAPANESE)
977
00:44:02,403 --> 00:44:03,403
(FINGERS SNAPPING)
978
00:44:03,404 --> 00:44:04,922
Yes!
979
00:44:04,923 --> 00:44:06,082
(IN ENGLISH) It's on. It's on.
980
00:44:06,083 --> 00:44:07,322
(SNAPS FINGERS) Eric.
981
00:44:07,323 --> 00:44:09,883
(INDISTINCT CHATTER)
982
00:44:11,563 --> 00:44:13,683
ADLER: It's a good thing
Tom said yes.
983
00:44:14,643 --> 00:44:16,242
I soft launched this
to Mitsubishi's
984
00:44:16,243 --> 00:44:18,522
European Executive Committee
already.
985
00:44:18,523 --> 00:44:20,082
ERIC: It's lunchtime
in Japan, right?
986
00:44:20,083 --> 00:44:21,362
Uh, they're just in
from Düsseldorf,
987
00:44:21,363 --> 00:44:22,522
where the European
subsidiary is.
988
00:44:22,523 --> 00:44:23,762
Now, they're gonna
come with terms
989
00:44:23,763 --> 00:44:24,882
that Tom finds attractive,
990
00:44:24,883 --> 00:44:26,362
because I've prepped them
on the financials.
991
00:44:26,363 --> 00:44:28,802
So, let's take a fast 20
and call an associate in IBD up
992
00:44:28,803 --> 00:44:30,443
to triple-check
the numbers in the deck.
993
00:44:30,883 --> 00:44:31,883
No missteps.
994
00:44:32,603 --> 00:44:34,763
Fast 20 still takes 20.
995
00:44:36,523 --> 00:44:37,923
WOLSEY:
I need stronger nicotine.
996
00:44:39,083 --> 00:44:41,402
Any delivery vessel,
I'm beyond caring.
997
00:44:41,403 --> 00:44:44,283
YASMIN: Ow! Ow!
998
00:44:44,963 --> 00:44:46,922
(GROANING)
999
00:44:46,923 --> 00:44:48,083
- (CONTINUES GROANING)
- Yas?
1000
00:44:48,523 --> 00:44:49,882
(YASMIN GROANS)
1001
00:44:49,883 --> 00:44:51,362
♪ (SUSPENSEFUL MUSIC
CONCLUDES) ♪
1002
00:44:51,363 --> 00:44:52,643
Ow!
1003
00:44:53,723 --> 00:44:56,682
I just wanted
to make a cup of tea.
1004
00:44:56,683 --> 00:44:57,802
What the fuck have you done?
1005
00:44:57,803 --> 00:44:59,722
- (GROANS)
- Hey, come here, come here.
1006
00:44:59,723 --> 00:45:00,802
- (GROANS)
- Are you hurt?
1007
00:45:00,803 --> 00:45:01,922
(GROANS)
1008
00:45:01,923 --> 00:45:04,002
Hey, hey. Yas, look at me.
1009
00:45:04,003 --> 00:45:06,242
- Have you taken something? Yeah?
- Uh-huh.
1010
00:45:06,243 --> 00:45:07,362
What have you taken?
1011
00:45:07,363 --> 00:45:10,602
Rob, do you think
I'm a bad person?
1012
00:45:10,603 --> 00:45:11,762
No.
1013
00:45:11,763 --> 00:45:14,442
- No, you're not a bad person.
- You do. Rob, look at me.
1014
00:45:14,443 --> 00:45:16,282
Tell me that you think
that I'm a bad person.
1015
00:45:16,283 --> 00:45:17,442
Look, you're not a bad person!
1016
00:45:17,443 --> 00:45:20,042
Tell me that I'm allowed
to want to do bad things.
1017
00:45:20,043 --> 00:45:22,243
(PANTS) What?
1018
00:45:24,323 --> 00:45:25,522
You can do what you want.
1019
00:45:25,523 --> 00:45:29,243
(MOANS, SOBS) I want you.
1020
00:45:30,123 --> 00:45:32,282
I want you. Oh, you're hard.
1021
00:45:32,283 --> 00:45:33,842
- ROBERT: What are you doing? No!
- (CHUCKLES)
1022
00:45:33,843 --> 00:45:34,922
- Stop.
- I want you.
1023
00:45:34,923 --> 00:45:36,963
Stop! Stop! Stop! Stop!
1024
00:45:37,643 --> 00:45:38,643
Stop!
1025
00:45:39,443 --> 00:45:40,483
Stop!
1026
00:45:42,163 --> 00:45:44,563
♪ (SOFT MUSIC PLAYING) ♪
1027
00:45:45,963 --> 00:45:48,723
Henry used to get hard
when I cried, too.
1028
00:45:54,283 --> 00:45:55,403
Hey. Shh.
1029
00:45:56,283 --> 00:45:58,003
(YASMIN BREATHES DEEPLY)
1030
00:46:02,363 --> 00:46:04,922
(URINE TRICKLING)
1031
00:46:04,923 --> 00:46:07,003
WOLSEY: Bill tells me
you've been here 30 years.
1032
00:46:07,883 --> 00:46:09,003
Aren't you bored?
1033
00:46:10,403 --> 00:46:11,843
♪ (SOFT MUSIC CONCLUDES) ♪
1034
00:46:13,363 --> 00:46:15,643
Been dropped into
a few of these restructurings.
1035
00:46:16,883 --> 00:46:20,123
They all have their own
mythos and history, but...
1036
00:46:21,283 --> 00:46:23,402
ultimately,
they're much for muchness.
1037
00:46:23,403 --> 00:46:24,803
They're corporations.
1038
00:46:25,523 --> 00:46:26,523
(ZIPPER ZIPS)
1039
00:46:27,243 --> 00:46:28,323
Not the people.
1040
00:46:29,963 --> 00:46:32,243
- The people are different.
- Are they really?
1041
00:46:34,843 --> 00:46:35,962
There's a self-centeredness
1042
00:46:35,963 --> 00:46:38,523
at the heart of Bill's
romanticization of it all.
1043
00:46:39,363 --> 00:46:40,563
False heroism.
1044
00:46:41,803 --> 00:46:43,802
Do you think there's room
for nobility in there?
1045
00:46:43,803 --> 00:46:44,883
(ZIPPER ZIPS)
1046
00:46:49,683 --> 00:46:51,842
(WATER RUNNING)
1047
00:46:51,843 --> 00:46:53,602
I was hoping Bill
would be my mouthpiece
1048
00:46:53,603 --> 00:46:56,602
to the wider
Pierpoint family, but...
1049
00:46:56,603 --> 00:46:59,003
he seems like more
of a problem than a solution.
1050
00:47:04,643 --> 00:47:06,163
You're not a romantic, are you?
1051
00:47:07,003 --> 00:47:08,163
What do you believe in?
1052
00:47:09,123 --> 00:47:11,363
♪ (TENSE MUSIC PLAYING) ♪
1053
00:47:12,963 --> 00:47:14,243
I don't believe in anything.
1054
00:47:15,683 --> 00:47:18,363
I believe in the trade,
when it works...
1055
00:47:19,683 --> 00:47:21,243
when it stops working.
1056
00:47:28,163 --> 00:47:29,802
By the way,
1057
00:47:29,803 --> 00:47:32,643
nostalgia's only useful
when you're selling something.
1058
00:47:35,603 --> 00:47:36,603
(DOOR OPENS)
1059
00:47:38,963 --> 00:47:40,282
(DOOR CLOSES)
1060
00:47:40,283 --> 00:47:42,163
ADLER: Any color
that'll help us in the pitch?
1061
00:47:44,163 --> 00:47:45,802
Nope.
1062
00:47:45,803 --> 00:47:47,683
- (ZIPPER UNZIPS)
- A whole lot of nothing.
1063
00:47:48,203 --> 00:47:50,202
(URINE TRICKLING)
1064
00:47:50,203 --> 00:47:51,803
ADLER: Deck look good
to your eyes?
1065
00:47:56,403 --> 00:47:57,403
Perfect.
1066
00:47:59,763 --> 00:48:01,123
(ADLER LAUGHS)
1067
00:48:02,323 --> 00:48:05,243
- I'll see you out there.
- ADLER: I'll see you out there.
1068
00:48:08,563 --> 00:48:11,603
(ADLER GREETS IN JAPANESE)
1069
00:48:14,363 --> 00:48:18,362
(CELL PHONE BUZZING)
1070
00:48:18,363 --> 00:48:20,603
WOLSEY: Thank you
for meeting us so early.
1071
00:48:22,163 --> 00:48:24,483
I'm sorry
it's a little ripe in here.
1072
00:48:26,763 --> 00:48:28,763
- Where the hell are you going?
- I gotta take this.
1073
00:48:32,683 --> 00:48:34,683
Thanks for calling me back.
Sorry it's early.
1074
00:48:35,763 --> 00:48:38,922
Bill Adler told me
about a connection
1075
00:48:38,923 --> 00:48:40,162
that landed you on my desk.
1076
00:48:40,163 --> 00:48:42,163
Can you flesh that out
for me a little?
1077
00:48:43,923 --> 00:48:45,403
(SEAGULLS SQUAWKING)
1078
00:48:46,363 --> 00:48:47,682
RECEPTIONIST:
Did you enjoy your stay?
1079
00:48:47,683 --> 00:48:49,282
Very much. Thank you.
1080
00:48:49,283 --> 00:48:51,562
♪ ("BEGIN AGAIN" BY FREDDIE AND THE SCENARIOS,
DIEGO HERRERA PLAYING OVER RADIO) ♪
1081
00:48:51,563 --> 00:48:53,043
Did you want a bandage?
1082
00:48:55,443 --> 00:48:56,443
Sure.
1083
00:49:03,243 --> 00:49:04,643
Do you reckon she's a Libra?
1084
00:49:05,683 --> 00:49:07,242
(SCOFFS)
1085
00:49:07,243 --> 00:49:11,042
Uh, I threw in an extra 20 quid
for the busted kettle.
1086
00:49:11,043 --> 00:49:14,003
- RECEPTIONIST: Oh, thanks.
- Ah, it's all right. Uh, cheers.
1087
00:49:14,923 --> 00:49:15,923
Cheers.
1088
00:49:17,163 --> 00:49:18,203
Have a safe trip.
1089
00:49:21,003 --> 00:49:24,122
ADLER: Our proposal is that
the Mitsubishi Financial Group
1090
00:49:24,123 --> 00:49:26,362
invest nine billion dollars
in equity
1091
00:49:26,363 --> 00:49:29,762
in Pierpoint for a 19-percent
interest in the company
1092
00:49:29,763 --> 00:49:31,443
on a fully diluted basis.
1093
00:49:36,163 --> 00:49:38,802
How did that get there?
(CHUCKLES)
1094
00:49:38,803 --> 00:49:41,002
As I was saying,
our friends at Mitsubishi
1095
00:49:41,003 --> 00:49:42,682
are the best partners
we could have.
1096
00:49:42,683 --> 00:49:44,322
They have enough dry powder
1097
00:49:44,323 --> 00:49:45,802
to buy up our distressed debt
1098
00:49:45,803 --> 00:49:48,242
and to support the other assets
on our books.
1099
00:49:48,243 --> 00:49:49,923
And they want us to be us.
1100
00:49:50,843 --> 00:49:53,082
They have reverence
for our name.
1101
00:49:53,083 --> 00:49:55,682
We want to help build Pierpoint
back to what it could be
1102
00:49:55,683 --> 00:49:57,763
in its 150th year.
1103
00:49:59,563 --> 00:50:02,402
We expect
a very healthy ROI for you
1104
00:50:02,403 --> 00:50:04,522
on a decade-long horizon,
1105
00:50:04,523 --> 00:50:07,563
but of course, apologies for
the small inaccuracy on page 12.
1106
00:50:08,883 --> 00:50:10,323
(PAGES RUSTLING)
1107
00:50:12,643 --> 00:50:14,202
ADLER: What inaccuracy?
1108
00:50:14,203 --> 00:50:17,603
I am assuming this reference
is linked incorrectly.
1109
00:50:18,643 --> 00:50:22,242
It looks like you are linking
to enterprise value
1110
00:50:22,243 --> 00:50:24,043
instead of equity value.
1111
00:50:25,003 --> 00:50:26,882
It's causing
a 15-percent decrease
1112
00:50:26,883 --> 00:50:28,402
in the true PE multiple,
1113
00:50:28,403 --> 00:50:31,722
which should otherwise
be seven-point-six times,
1114
00:50:31,723 --> 00:50:34,122
well below peers.
1115
00:50:34,123 --> 00:50:36,122
♪ (SUSPENSEFUL MUSIC PLAYING) ♪
1116
00:50:36,123 --> 00:50:37,843
ADLER: I'm so sorry
we missed this.
1117
00:50:39,443 --> 00:50:42,162
That's like a two-to-three
percent uplift in IRR.
1118
00:50:42,163 --> 00:50:44,162
WOLSEY: After ten years
of what we know
1119
00:50:44,163 --> 00:50:47,442
will be a mutually
beneficial relationship.
1120
00:50:47,443 --> 00:50:48,802
ADLER: How could we
have missed that?
1121
00:50:48,803 --> 00:50:50,642
It's sloppy. (CHUCKLES)
1122
00:50:50,643 --> 00:50:51,842
- Eric.
- (CHUCKLES)
1123
00:50:51,843 --> 00:50:54,642
ERIC: Bill, it's fine.
Leave it. It's late.
1124
00:50:54,643 --> 00:50:58,283
(CHUCKLES) It happens.
It's just a book.
1125
00:50:59,243 --> 00:51:01,002
That's a huge decrease
in the valuation.
1126
00:51:01,003 --> 00:51:02,323
How didn't I spot it?
1127
00:51:02,963 --> 00:51:04,403
Bill, you did spot it.
1128
00:51:05,723 --> 00:51:07,722
ADLER: What? When?
1129
00:51:07,723 --> 00:51:09,842
We ran through it
about an hour ago.
1130
00:51:09,843 --> 00:51:13,202
I raised it again
in the bathroom just now.
1131
00:51:13,203 --> 00:51:15,882
You said it wasn't
a deal-breaker in the room,
1132
00:51:15,883 --> 00:51:17,762
that they know
the numbers already,
1133
00:51:17,763 --> 00:51:20,842
which they do. (CHUCKLES)
1134
00:51:20,843 --> 00:51:23,042
- We can move on.
- (CHUCKLES)
1135
00:51:23,043 --> 00:51:24,443
That... That didn't happen.
1136
00:51:26,483 --> 00:51:27,483
Did it?
1137
00:51:28,683 --> 00:51:30,842
It's not mission critical here.
1138
00:51:30,843 --> 00:51:33,283
No, it is.
When did we discuss it?
1139
00:51:34,963 --> 00:51:36,362
I... I don't think
we did, did we?
1140
00:51:36,363 --> 00:51:39,202
- Maybe I'm just misremembering.
- I think you can move on.
1141
00:51:39,203 --> 00:51:41,202
You... You have to understand
it's very important
1142
00:51:41,203 --> 00:51:42,803
- that I didn't misremember.
- Bill.
1143
00:51:45,483 --> 00:51:46,523
What's going on?
1144
00:51:48,283 --> 00:51:49,283
ERIC: Hey, Bill.
1145
00:51:52,043 --> 00:51:53,283
There's no shame.
1146
00:51:56,323 --> 00:51:59,563
ADLER: (CHUCKLES)
I'm so... I'm so sorry, if...
1147
00:52:01,043 --> 00:52:02,043
I've been quite sick,
1148
00:52:02,044 --> 00:52:03,562
and I... I really
didn't wanna bring it up
1149
00:52:03,563 --> 00:52:04,762
in this forum, but, uh...
1150
00:52:04,763 --> 00:52:07,362
You are fit to continue.
1151
00:52:07,363 --> 00:52:09,123
- (ADLER SCOFFS)
- (CHAIR CREAKS)
1152
00:52:10,363 --> 00:52:11,882
WOLSEY: Uh, gentlemen,
1153
00:52:11,883 --> 00:52:14,922
and, uh... lady,
1154
00:52:14,923 --> 00:52:16,443
could you give us five?
1155
00:52:17,723 --> 00:52:19,802
This isn't what we expect
in these circumstances.
1156
00:52:19,803 --> 00:52:22,762
No, there should be
multiple layers of review.
1157
00:52:22,763 --> 00:52:23,923
My apologies.
1158
00:52:38,483 --> 00:52:40,882
ADLER: (CHUCKLES) I...
1159
00:52:40,883 --> 00:52:42,962
I'm so sorry. I should have
just breezed past it,
1160
00:52:42,963 --> 00:52:44,922
but it's...
it's quite important...
1161
00:52:44,923 --> 00:52:46,642
it's quite important
for my prognosis.
1162
00:52:46,643 --> 00:52:47,723
What's wrong with you?
1163
00:52:49,963 --> 00:52:51,523
I have a malignant tumor. I...
1164
00:52:52,603 --> 00:52:55,002
I've not noticed much,
if any, cognitive impairment.
1165
00:52:55,003 --> 00:52:56,242
- That's why it's...
- And you've been
1166
00:52:56,243 --> 00:52:57,403
keeping this to yourself?
1167
00:53:02,963 --> 00:53:04,083
You shouldn't be in here.
1168
00:53:05,123 --> 00:53:07,042
Your health
is of paramount importance.
1169
00:53:07,043 --> 00:53:09,162
My performance
has never been compromised.
1170
00:53:09,163 --> 00:53:10,963
Apart from
when it just mattered.
1171
00:53:12,283 --> 00:53:14,882
High stress, no sleep.
1172
00:53:14,883 --> 00:53:17,083
This isn't the place
for a sick man. (CHUCKLES)
1173
00:53:18,003 --> 00:53:19,003
Look...
1174
00:53:20,203 --> 00:53:22,322
I want you to go home.
That isn't a suggestion.
1175
00:53:22,323 --> 00:53:24,562
I'm fit to work
if I say I'm fit to work.
1176
00:53:24,563 --> 00:53:27,123
I want you to go rest.
1177
00:53:28,523 --> 00:53:29,523
WILHELMINA: Eric...
1178
00:53:31,243 --> 00:53:32,763
why don't you put Bill in a cab?
1179
00:53:37,203 --> 00:53:38,203
(SNIFFLES)
1180
00:53:42,523 --> 00:53:43,523
Come on.
1181
00:53:44,323 --> 00:53:45,723
It's okay. Come on.
1182
00:53:54,763 --> 00:53:57,243
♪ (SUSPENSEFUL MUSIC
CONCLUDES) ♪
1183
00:54:05,603 --> 00:54:07,723
♪ (TENSE MUSIC PLAYING) ♪
1184
00:54:09,323 --> 00:54:10,723
(DIAL TONE RINGING)
1185
00:54:15,523 --> 00:54:16,842
- DENISE: (OVER PHONE) Hello?
- Hi.
1186
00:54:16,843 --> 00:54:19,802
Denise, um, I've slept on it,
1187
00:54:19,803 --> 00:54:22,282
and I don't want
to take Rose's offer.
1188
00:54:22,283 --> 00:54:25,362
And I know... I have thought
about the implications...
1189
00:54:25,363 --> 00:54:27,642
- (DENISE SIGHS)
- ...but it's Rose and Hanani, okay?
1190
00:54:27,643 --> 00:54:29,162
They're the ones
that are being inhumane,
1191
00:54:29,163 --> 00:54:31,042
and you can think that
I'm meeting them on their level
1192
00:54:31,043 --> 00:54:32,482
if you want, that's fine,
1193
00:54:32,483 --> 00:54:35,402
but they have literally
given me no choice.
1194
00:54:35,403 --> 00:54:36,802
DENISE: Have you
stopped to think about
1195
00:54:36,803 --> 00:54:38,362
how this is gonna affect
the other victims?
1196
00:54:38,363 --> 00:54:39,402
Yes, of course!
1197
00:54:39,403 --> 00:54:40,922
Of course I have
thought about that, Denise!
1198
00:54:40,923 --> 00:54:42,002
Of course I have!
1199
00:54:42,003 --> 00:54:45,163
But you have to understand,
it is them or it is me!
1200
00:54:47,163 --> 00:54:48,203
(CELL PHONE THUDS)
1201
00:54:54,323 --> 00:54:55,722
♪ (TENSE MUSIC CONCLUDES) ♪
1202
00:54:55,723 --> 00:54:56,922
- (ROBERT SIGHS)
- How was it?
1203
00:54:56,923 --> 00:54:59,122
(ROBERT PANTS)
1204
00:54:59,123 --> 00:55:01,602
So, they've had their funding
1205
00:55:01,603 --> 00:55:03,362
from the university
totally cut off.
1206
00:55:03,363 --> 00:55:04,602
They balked at the idea
1207
00:55:04,603 --> 00:55:06,362
of any commercial
application of psychedelics,
1208
00:55:06,363 --> 00:55:08,002
only lab-conditioned trials
1209
00:55:08,003 --> 00:55:10,362
on treatment
for various mental disorders.
1210
00:55:10,363 --> 00:55:11,762
YASMIN: Why?
1211
00:55:11,763 --> 00:55:14,643
ROBERT: Well, it's still
illegal, but LittleLabs,
1212
00:55:15,483 --> 00:55:17,442
they want to be the first mover.
1213
00:55:17,443 --> 00:55:20,363
Now, imagine being early
on cannabis in California.
1214
00:55:21,603 --> 00:55:23,563
- Sorry.
- ROBERT: Well, no.
1215
00:55:24,523 --> 00:55:26,762
See, they've been flirting
with the idea
1216
00:55:26,763 --> 00:55:28,682
of relocating to Silicon Valley.
1217
00:55:28,683 --> 00:55:31,322
All right? And they said
if I can help unlock VC dollars
1218
00:55:31,323 --> 00:55:32,722
for them out there,
1219
00:55:32,723 --> 00:55:34,323
then there might be
a position open.
1220
00:55:35,683 --> 00:55:37,562
- Head of business development.
- What?
1221
00:55:37,563 --> 00:55:38,802
- Yeah, I know.
- (YASMIN CHUCKLES)
1222
00:55:38,803 --> 00:55:40,562
- I couldn't believe it as well.
- (YASMIN CHUCKLES)
1223
00:55:40,563 --> 00:55:42,002
- (LAUGHS)
- YASMIN: So, wait... wait.
1224
00:55:42,003 --> 00:55:45,123
Would that mean
that you move to the States?
1225
00:55:45,683 --> 00:55:46,683
Maybe.
1226
00:55:48,643 --> 00:55:49,643
Here.
1227
00:55:52,123 --> 00:55:53,203
(CHUCKLES)
1228
00:55:53,603 --> 00:55:54,603
Hmm.
1229
00:55:55,363 --> 00:55:56,442
Sleep will help. I'll, uh...
1230
00:55:56,443 --> 00:55:58,922
I'll get a couple more hours
and come straight back in.
1231
00:55:58,923 --> 00:56:01,122
I don't think anyone
in there wants that.
1232
00:56:01,123 --> 00:56:04,442
- ♪ (TENSE MUSIC PLAYING) ♪
- Stay home. For yourself.
1233
00:56:04,443 --> 00:56:06,763
I'll smooth out Mitsubishi.
It'll work.
1234
00:56:08,803 --> 00:56:10,963
ERIC: Peer to peer, stay home.
1235
00:56:11,803 --> 00:56:13,283
More time for your family.
1236
00:56:15,003 --> 00:56:16,923
The institution doesn't suffer.
1237
00:56:24,083 --> 00:56:26,003
- (ELEVATOR DINGS)
- AUTOMATED VOICE: Door opening.
1238
00:56:29,763 --> 00:56:31,443
You made me distrust my...
1239
00:56:36,283 --> 00:56:37,363
For what?
1240
00:56:43,763 --> 00:56:45,083
AUTOMATED VOICE: Door closing.
1241
00:57:00,923 --> 00:57:03,483
♪ (TENSE MUSIC CONTINUES) ♪
1242
00:57:21,403 --> 00:57:22,603
(CAR ENGINE REVVING)
1243
00:57:23,203 --> 00:57:24,563
(BRAKES SCREECH)
1244
00:57:26,243 --> 00:57:27,283
You Harper Stern?
1245
00:57:28,443 --> 00:57:29,602
Yeah.
1246
00:57:29,603 --> 00:57:32,083
Otto wants to see you.
Get in the car.
1247
00:57:34,563 --> 00:57:35,563
Now?
1248
00:57:36,163 --> 00:57:37,163
He'd prefer it.
1249
00:58:01,523 --> 00:58:03,803
WOLSEY: Well, I hope
he's getting the care he needs.
1250
00:58:05,443 --> 00:58:07,443
I've heard that...
1251
00:58:09,003 --> 00:58:11,123
- tumors can have certain...
- ♪ (TENSE MUSIC FADES) ♪
1252
00:58:12,123 --> 00:58:13,282
...neurological effects
1253
00:58:13,283 --> 00:58:15,723
as pertains
to people's willingness
1254
00:58:16,203 --> 00:58:18,163
to take risk.
1255
00:58:23,523 --> 00:58:26,682
Well, while I take
some responsibility
1256
00:58:26,683 --> 00:58:29,323
for my bullishness
over ESG as a concept...
1257
00:58:30,963 --> 00:58:33,482
Bill had the underlying
relationship with Debt Syndicate
1258
00:58:33,483 --> 00:58:35,762
from his bond trading days.
1259
00:58:35,763 --> 00:58:39,443
He was the one pushing
their appetite for risk.
1260
00:58:41,443 --> 00:58:42,483
Yes.
1261
00:58:43,443 --> 00:58:46,883
Fixed income
was more Bill's background.
1262
00:58:48,203 --> 00:58:49,682
You know,
we can't let someone go
1263
00:58:49,683 --> 00:58:51,843
because of their
declining health...
1264
00:58:54,803 --> 00:58:55,803
but...
1265
00:58:58,483 --> 00:58:59,523
Eric...
1266
00:59:01,363 --> 00:59:04,002
as the closest to him,
1267
00:59:04,003 --> 00:59:07,802
if you think
an indefinite period of absence
1268
00:59:07,803 --> 00:59:11,322
would be in his best interest...
1269
00:59:11,323 --> 00:59:13,562
♪ (CONTEMPLATIVE MUSIC
PLAYING) ♪
1270
00:59:13,563 --> 00:59:17,002
...it is something
our executive committee
1271
00:59:17,003 --> 00:59:20,043
would be willing to consider.
1272
00:59:22,723 --> 00:59:23,882
WILHELMINA: Hmm.
1273
00:59:23,883 --> 00:59:27,003
He has seemed a little...
1274
00:59:28,043 --> 00:59:29,283
out of sorts.
1275
00:59:30,563 --> 00:59:31,683
(WOLSEY SIGHS)
1276
00:59:37,563 --> 00:59:40,123
While I respect
the rules of the game...
1277
00:59:41,683 --> 00:59:44,802
I find pinning this all
on a sick man
1278
00:59:44,803 --> 00:59:46,403
morally unconscionable.
1279
00:59:48,843 --> 00:59:52,243
But tomorrow is more important
than yesterday for Pierpoint.
1280
00:59:54,203 --> 00:59:55,243
(WOLSEY CHUCKLES)
1281
00:59:55,763 --> 00:59:57,322
(BREATHES DEEPLY)
1282
00:59:57,323 --> 00:59:58,602
♪ (CONTEMPLATIVE MUSIC FADES) ♪
1283
00:59:58,603 --> 01:00:00,322
So, fuck him then, right?
1284
01:00:00,323 --> 01:00:04,043
♪ ("BOMBTRACK" BY RAGE AGAINST
THE MACHINE PLAYING) ♪
1285
01:00:05,123 --> 01:00:06,963
(LAUGHS)
1286
01:00:07,643 --> 01:00:09,602
Is Mitsubishi worth pursuing?
1287
01:00:09,603 --> 01:00:11,402
It's a Band-Aid. No more.
1288
01:00:11,403 --> 01:00:13,402
Phillip was onto something
when he told us
1289
01:00:13,403 --> 01:00:15,642
that we should be
looking towards the Gulf.
1290
01:00:15,643 --> 01:00:18,363
So, I've brokered
an introduction.
1291
01:00:21,723 --> 01:00:23,523
ERIC: Ali. Gentlemen.
1292
01:00:24,323 --> 01:00:26,003
It's Pierpoint's anniversary.
1293
01:00:28,123 --> 01:00:30,523
How would you like
to buy a piece of history?
1294
01:00:33,643 --> 01:00:34,923
♪ Uh ♪
1295
01:00:38,403 --> 01:00:41,243
♪ Ayy, yo
It's just another bombtrack ♪
1296
01:00:42,403 --> 01:00:43,483
♪ Uh ♪
1297
01:00:50,843 --> 01:00:53,723
♪ Ayy, yo
It's just another bombtrack ♪
1298
01:00:54,963 --> 01:00:55,963
♪ Yeah ♪
1299
01:00:58,083 --> 01:01:00,362
♪ It goes a one, two, three ♪
1300
01:01:00,363 --> 01:01:02,682
♪ Yeah, and it's just
Another bombtrack ♪
1301
01:01:02,683 --> 01:01:04,882
♪ And suckers be thinkin'
That they can fake this ♪
1302
01:01:04,883 --> 01:01:07,362
♪ But I'ma drop it
At a higher level ♪
1303
01:01:07,363 --> 01:01:09,722
♪ 'Cause I'm inclined
To stoop down ♪
1304
01:01:09,723 --> 01:01:11,362
♪ Hand out some beatdowns ♪
1305
01:01:11,363 --> 01:01:13,162
♪ Could run a train
On punk fools ♪
1306
01:01:13,163 --> 01:01:14,762
♪ That think they run the game ♪
1307
01:01:14,763 --> 01:01:17,802
♪ But I learned to burn
That bridge and delete ♪
1308
01:01:17,803 --> 01:01:20,802
♪ Those who compete
At a level that's obsolete ♪
1309
01:01:20,803 --> 01:01:23,642
♪ Instead, I warm my hands
Upon the flames of the flag ♪
1310
01:01:23,643 --> 01:01:26,202
♪ To recall the downfall
And the businesses ♪
1311
01:01:26,203 --> 01:01:27,322
♪ That burnt us all ♪
1312
01:01:27,323 --> 01:01:33,003
♪ Burn, burn
Yes, you're gonna burn ♪
1313
01:01:33,523 --> 01:01:34,602
♪ Burn ♪
1314
01:01:34,603 --> 01:01:35,843
♪ (SONG CONCLUDES) ♪