Why are Stratton Oakmont employees making fun of Steve Madden?
In The Wolf of Wall Street (2013), Steve Madden came to put shares of his shoe company to institutional investors through Jordan's stockbroker company called Stratton Oakmont. Actually Steve Madden is the first IPO for Stratton Oakmont.
But Stratton Oakmont made fun of him by throwing shoes on him:
Why are Stratton Oakmont employees making fun of Steve Madden?
Best Answer
Because Stratton Oakmont are a rowdy, uncouth bunch of man-children who represent the modern, corporate version of Lord of the Flies. Steve Madden was famous for designing shoes. And, not the toxic masculinity hunter culture that Stratton Oakmont represented. That was their way of welcoming/hazing what they considered to be a beta male.
Heaven knows what they would have thrown at the owner of Fredrick’s of Hollywood. Some athlete, athletic equipment manufacturer, car/motorcycle builder, or firearms producer might have gotten a similar, yet more respectful, greeting. Just as boisterous without the fear of getting pelted with products. And, Hugh Hefner’s or Larry Flint’s welcome would have been legen...(wait for it)...dary.
Pictures about "Why are Stratton Oakmont employees making fun of Steve Madden?"
Did Steve Madden betray Jordan Belfort?
But he wasn't through with Jordan Belfort who took the company public giving Steve 15%. It was illegal for Belfort to hold 85% of the shares as the underwriter of the public offering so he asked Madden to hold 1.3 million shares worth $4 million in Madden's name with the assumption Madden would return them.Did Jordan Belfort actually start Steve Madden?
Madden with his team in the factory in the early 2000s. When the feds started circling Madden, he stuck by Belfort, allowing the Wolf to use his company's office and refusing to wear a wire or rat him out. Belfort ended up serving just 22 months for his schemes, while Madden served 31 months.What really happened at Stratton Oakmont?
Stratton Oakmont participated in pump-and-dump schemes, a form of microcap stock fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements to sell the cheaply purchased stock at a higher price.Does Stratton Oakmont still exist?
Stratton Oakmont, Inc. was a Long Island, New York, "over-the-counter" brokerage house founded in 1989 by Jordan Belfort and Danny Porush. It defrauded many shareholders, leading to the arrest and incarceration of several executives and the closing of the firm in 1996.STEVE MADDEN'S RELATIONSHIP WITH JORDAN BELFORT (WOLF OF WALL STREET)
Sources: Stack Exchange - This article follows the attribution requirements of Stack Exchange and is licensed under CC BY-SA 3.0.
Images: Paul Efe, Craig Adderley, cottonbro, cottonbro