1.
Friday.
KMM Capital Management. Midtown Manhattan.
RICK reads something on his phone.
JENNY enters RICKās office.
JENNY. You wanted to see me?
RICK. Yes.
JENNY. Is this about Landmark Luggage? I saw you stop into Sethās meeting. I have some thoughts on that.
RICK. Are you speaking to a finance class at NYU?
JENNY. Oh. Yes. In two weeks.
RICK. Why are you speaking to a finance class at NYU?
JENNY. Remember that consultant we brought in on American Saddle? Baljeet Nair? Orthopedic shoe, skin issues.
RICK. No.
JENNY. He teaches finance undergrads at NYU now. He asked me to come in and speak to them.
RICK. About what?
JENNY. He said to talk about whatever I want.
RICK. You will not say whatever you want.
JENNY. Why not?
RICK. What are you planning to say?
JENNY. I only have a rough draft at this stage.
RICK. Let me hear it please.
JENNY. What?
RICK. Please let me hear what youāre going to say to a roomful of college kids with video-recording devices while I am getting eviscerated daily because of this goddamn layoff announcement.
JENNY. Oh. Wait are you serious?
RICK. Yes Jenny.
JENNY. Why would we do that with our time?
RICK. Because theyāre going after our LPs now ā thatās all of our investors.
JENNY. Of course theyāre protesting, thatās what unemployed people do.
RICK. Well theyāre doing it outside the Beckwith office today. Howard just had his coffee slapped out of his hand.
JENNY. Theyāre just a bunch of socialists and whack-jobs.
RICK. The media isnāt portraying them as whack-jobs.
JENNY. Of course not.
RICK. The media is portraying me as an unprecedented asshole.
JENNY. But who takes The New York Times seriously?
RICK. The Earth. The entire Earth.
JENNY. I meant: who in our world.
RICK. They were outside the Snyder office too. Did you know that? Geneās car got surrounded.
JENNY. Is he okay?
RICK. I talked to Gene, heās fine. Itās very clever, harassing our
LPs like this ā theyāre going right after our money. Itās a good thing the Gjertsons are based in Oslo.
JENNY. Our past two funds were top quartile. Legitimately top quartile. Our LPs arenāt going to abandon us because some jealous reporters made fun of your party elephants.
RICK. Elephant. There was just one.
JENNY. Thought I saw two.
RICK. Why does everyone think there were two?
JENNY. Were there mirrors in the ballroom?
RICK. Fucking elephant. I shouldāve talked her out of it. She had to have an engagement party that tied thematically to the wedding.
JENNY. Thereāll be elephants at your wedding?
RICK. No just because itās in Bali.
JENNY. There are elephants in Bali?
RICK. Yes Jenny. I have a home there. I engage in philanthropy there.
JENNY. Okay.
RICK. I should have cancelled the goddamn party.
JENNY. Yeah. Successful people donāt deserve engagement parties. We should all just move to caves.
RICK. It is painfully obvious that you donāt understand how serious this is.
JENNY. No, I understand. Iām sure the protests are annoying our LPs, and Iām sure The Times article was upsetting for Katie.
RICK. Yes.
JENNY. But youāve worked seventy hours a week for thirty years. Youāve earned every cent of your wealth. Youāre allowed to have any kind of party you want.
RICK. Thatās not the issue, Jenny. The issue was having the party on the exact day of the layoff announcement.
JENNY. The layoffs were inevitable. Itās not your fault ShopGreat allowed itself to be commandeered by unions.
RICK. That is also not the issue. This is about timing and perception. And boy, do you not have talent in either of those areas.
JENNY. Itās not a lack of talent. Itās being rational. I donāt waste time trying to prevent outcomes I canāt change.
RICK. I could have changed the outcome.
JENNY. How?
RICK. I could have listened to Seth. He told me to cancel the party. But you advised me not to. Which is hilarious, because you donāt even enjoy parties.
JENNY. Sure I do.
RICK. No you donāt.
JENNY. It was very fun.
RICK. I donāt want to hear any more about the party.
JENNY. I apologize.
RICK. And on top of this unbelievable nightmare, Xu Wei called again.
JENNY. He did?
RICK. Wanted us to fly to Hong Kong. Can you imagine if that got out in the press?
JENNY. How much?
RICK. He wanted to commit fifty-five million. I told him the fundās closed.
JENNY. I mean fifty-five millionās / fifty-five million.
RICK. / I said Wei, do not call here again. You are an international joke. And particularly right now, I do not need to be doing business with a corrupt asshole like you.
JENNY. Oh, wow, you said that?
RICK. I wasnāt quite that polite.
JENNY. Was he upset?
RICK. I donāt want him calling anymore.
JENNY. I heard Lakeshireās taking a commitment from him.
RICK. Of course they are. Theyāre classless. Everyone knows where his money comes from.
JENNY. Can we talk about Landmark Luggage? Whatās the price?
RICK. We will talk about that later.
JENNY. I bet itās seven-hundred million at least. I had one of my analysts take one of Sethās analysts out for bibimbap so he could pump him for data on Landmarkās assets. Did you know Landmark owns a jet and huge building in downtown Sacramento?
RICK. So itāll be easier to raise debt.
JENNY. Okay but even if itās highly leveraged, Iām not seeing this as worthwhile.
RICK. It looks like an intriguing opportunity. You know how good Seth is at finding unique deals.
JENNY. I donāt know that thatās how Iād put it.
RICK. Oh you donāt? How about this? When it comes to bringing me targets, heās about a thousand times more effective than you are. Now tell me what youāre going to say at NYU.
JENNY. My notes are i...