Margin Call With Simon Baker: Review of the First Film in JC Chandor's Triple Drama Movie Crown

by DerdriuMarriner

The high finance film Margin Call with Simon Baker is first, in 2011, before All Is Lost and A Most Violent Year, in JC Chandor's triple drama movie crown.

Margin calls allow businesses to create, cut positions

Before All Is Lost with Robert Redford and A Most Violent Year with Jessica Chastain, the high finance film Margin Call with Simon Baker acquaints audiences of 2011 onward with the first in director/producer/writer JC Chandor’s triple drama movie crown. It begins with human resources staffers Heather Burke (Ashley Williams) and Lauren Bratberg (Susan Blackwell) carrying out in one building what their firm is having done on all their business premises worldwide:
• firing 80% of employees per floor; and
• retaining 4 of every 7 workers per floor.

Nineteen-year tenured, risk management head Eric Dale (Stanley Tucci) counts among “Looking Ahead” casualties facing:
• building, e-mail, mobile, server exclusion;
• health/options continuance; and
• 6-month severance at half-salary.

*****

Website: http://margincallmovie.com/

*****

Most of "Margin Call" was filmed on the 42nd floor of One Penn Plaza in space vacated by a trading firm.

57-floor skyscraper at 250 West 34th Street in Manhattan was designed by skyscraper architectural firm Kahn & Jacobs; completed in 1972, One Penn Plaza soars to a height of 751 feet (229 meters), including roof.
looking south at One Penn Plaza in the afternoon
looking south at One Penn Plaza in the afternoon

Margin calls break when volatility exceeds 10 - 15%

 

Eric dares to give 28-year-old risk analyst Peter Sullivan (Zachary Quinto) USB memory stick-stored data on mortgage-backed portfolio security volatility exceeding the 107-year-old firm’s market capitalization on 5 – 6 days over the previous two weeks. Peter successively explains the impending consequences for the $1,000,000,000,000-company to:

  • Trading desk head Will Emerson (Paul Bettany); and
  • 23-year-old co-analyst Seth Bregman (Penn Badgley).

Despite opposing the firm’s disdain for counterparty and trader integrity and in the midst of spending $1,000 daily to keep his liver cancer-stricken dog alive, 34-year tenured floor head Sam Rogers (Kevin Spacey) forces himself to problem-solve. He gets the impending socio-economic catastrophe to the senior executive attentions of:

  • Sarah Robertson (Demi Moore); and
  • Ramesh Shah (Aasif Mandvi)

 

J.C. Chandor (left) and Paul Bettany (right) on location in New York City during filming of "Margin Call"

Chef Restaurant Supply Company, 296 Bowery Street, NoHo, southern Manhattan, New York City; Friday, July 30, 2010, 19:04:50
Chef Restaurant Supply Company, 296 Bowery Street, NoHo, southern Manhattan, New York City; Friday, July 30, 2010, 19:04:50

Margin calls consider money-making for executives, not employees

 

Forty-three-year-old division head Jared Cohen (Simon Baker) has chief executive officer John Tuld (Jeremy Irons) -- annually salaried at $86,000,000 -- helicopter in to discuss action options. He accurately is described as looking like a fifteen-year-old and tenuring as the firm’s golden wonder boy of astute decisiveness. He judges as toxic to operational sustainability holding onto fixed-income, mortgage-backed securities whose worthlessness must pass -- through the company’s informed, remaining traders -- to traditional but unsuspecting counterparties.

Jared and John know that dumping will succeed if:

  • counterparties accept no-swap sales before mid-afternoon;
  • Eric agrees to help at $176,471 per hour;
  • the floor achieves 93% liquidation overall, for $1,300,000-bonuses per trader; and
  • traders liquidate individually at 93%, for $1,400,000-bonuses. 

 

elevator scene in Manhattan's 57-floor skyscraper, One Penn Plaza

Sam Rogers (Kevin Spacey) and Dr. Peter Sullivan (Zachary Quinto)
Sam Rogers (Kevin Spacey) and Dr. Peter Sullivan (Zachary Quinto)

Margin calls drive all businesses, economies, and societies

 

So Margin Call leads audiences through 109 culturally enriching, educationally entertaining, geo-historically enthralling minutes regarding the global financial crisis for banking, employment, housing, and stocks of 2007 – 2008, thanks to:

  • Pete Beaudreau, editor;
  • Before the Door Pictures, Sakonnet Capital Partners, Untitled Entertainment, Washington Square Films production companies;
  • Benaroya Pictures, Lionsgate, Roadside Attractions distributors;
  • Michael Benaroya, Robert Barnum, Neal Dodson, Rose Ganguzza, Joe Jenckes, Corey Moosa, Zachary Quinto, producers;
  • Tiffany Canfield, Bernard Telsey, casting;
  • JC Chandor, director/producer/writer;
  • Chris Clark, hair department head;
  • Robert Covelman, set decorator;
  • Caroline Duncan, costume designer;
  • Frank DeMarco, cinematographer;
  • Stacie Gentzler, production manager;
  • Cassandra Keating, makeup department head;
  • Marissa Kotsilimbas, art coordinator;
  • Nathan Larson, musician;
  • John Paino, production designer; and
  • Manny Siverio, stunt coordinator. 

 

"Margin Call (2011) Official HD Trailer Debut" (2:28)

Uploaded July 25, 2011 by Movieclips Trailers to YouTube ~ URL: https://www.youtube.com/watch?v=IjZ-ke1kJrA

Acknowledgment

 

My special thanks to talented artists and photographers/concerned organizations who make their fine images available on the internet. 

 

Image Credits

 

Most of "Margin Call" was filmed on the 42nd floor of One Penn Plaza in space vacated by a trading firm.
57-floor skyscraper at 250 West 34th Street in Manhattan was designed by skyscraper architectural firm Kahn & Jacobs; completed in 1972, One Penn Plaza soars to a height of 751 feet (229 meters), including roof.
looking south at One Penn Plaza in the afternoon: David Shankbone, CC BY SA 3.0, via Wikimedia Commons @ https://commons.wikimedia.org/wiki/File:One_Penn_Plaza_by_David_Shankbone.jpg

J.C. Chandor (left) and Paul Bettany (right) on location in New York City during filming of "Margin Call"
Chef Restaurant Supply Company, 296 Bowery Street, NoHo, southern Manhattan, New York City; Friday, July 30, 2010, 19:04:50: Michael Cory, CC BY 2.0, via Flickr @ https://www.flickr.com/photos/khouri/4852013388/

"Margin Call (2011) Official HD Trailer Debut" (2:28)
Uploaded July 25, 2011 by Movieclips Trailers to YouTube ~ URL: https://www.youtube.com/watch?v=IjZ-ke1kJrA

elevator scene in Manhattan's 57-floor skyscraper, One Penn Plaza
Sam Rogers (Kevin Spacey) and Dr. Peter Sullivan (Zachary Quinto): Alatele fr (alatelefr), CC BY SA 2.0, via Flickr @ https://www.flickr.com/photos/130163120@N03/16452112762/

Margin Call premiered Tuesday, January 25, 2011, at 27th Sundance Festival.
(left to right) J.C. Chandor, Stanley Tucci, Penn Badgley, Demi Moore, Simon Baker, Paul Bettany, Zachary Quinto, Kevin Spacey, Jeremy Irons
Eccles Center, Park City High School, Park City, Summit County, northeast Utah: Jennifer 8. Lee (jenny8lee), CC BY 2.0, via Flickr @ https://www.flickr.com/photos/jenny8lee/5390002886/

 

Margin Call premiered Tuesday, January 25, 2011, at 27th Sundance Festival.

(left to right) J.C. Chandor, Stanley Tucci, Penn Badgley, Demi Moore, Simon Baker, Paul Bettany, Zachary Quinto, Kevin Spacey, Jeremy Irons
Eccles Center, Park City High School, Park City, Summit County, northeast Utah
Eccles Center, Park City High School, Park City, Summit County, northeast Utah
the end which is also the beginning
the end which is also the beginning

Margin Call ~ Available via Amazon Instant Video ~ Rent or Buy with 1-Click®

When an entry-level analyst unlocks information that could prove his firm's downfall, his co-workers are forced to choose between money and morality in this high-stakes thriller.
J.C. Chandor films

Margin Call ~ Available in Blu-Ray and DVD formats ~ Available via Amazon

Set in the high-stakes world of Wall Street, Margin Call is an entangling thriller involving key players at an investment firm during the earliest hours of the 2008 financial crisis.
J.C. Chandor films

Margin Call: 27 x 40 inch poster ~ Available via AllPosters

Margin Call

Me and my purrfectly purrfect Maine coon kittycat, Augusta "Gusty" Sunshine

Gusty and I thank you for reading this article and hope that our product selection interests you; Gusty Gus receives favorite treats from my commissions.
DerdriuMarriner, All Rights Reserved
DerdriuMarriner, All Rights Reserved
Updated: 12/02/2024, DerdriuMarriner
 
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DerdriuMarriner on 06/03/2023

I've been thinking about your excellent question, "Does it have a tragic ending?", so I decided to watch Margin Call again. I actually had not applied the word "tragic" to the ending when I saw it or thought about it, but that is an excellent adjective for the ending.

Without giving away the ending, I see that this film is indeed tragic. It takes place during the devastating 2007-2008 financial crisis. I noted the ease in the dialogue with using financial language, so I checked Wikimedia about J.C. Chandor's background. He comes from a family of investment bankers, and he also has worked in investment banking.

I would recommend viewing this film. A really poignant aspect of this film is that employees are expected to put their best efforts into one day's huge sellout of the firm's recklessly promoted product, even though, for many of them, that is their last day. Afterward, the firm's CEO, John Tuld (Jeremy Irons) smirks that, in the aftermath of the sellout, the firm will make a huge amount of money.

Another tragedy is the firm's breakup of a friendship, by firing one and keeping and promoting the other. The words of warning, "Be careful," take on significance, as the one who is not fired becomes the protegee of the insensitive, manipulative division head, Jared Cohen (Simon Baker).

Demi Moore poignantly plays Sarah Robertson, who had warned the firm about the dangers of the financial promotions one year previously. She is made the sacrificial victim by being blamed for the crisis. As CEO Tuld says to her: I need a head, and it's yours, not Cohen's (Simon Baker).

DerdriuMarriner on 06/01/2023

Thank you for visiting!

J.C. Chandor films impress me with their realism. My favorite is All Is Lost. (Robert Redford listed J.C. Chandor as the only person who benefited from Sundance Film activities to turn around and thank him by offering him involvement in a film, All Is Lost.)

Happy and sad things occur in Margin Call, which I would categorize as ending somewhat happily for one in particular, unhappily for some and tragically for one sentient canine.

Margin Call, like A Most Violent Year and All Is Lost, was riveting.

WriterArtist on 05/30/2023

DerdriuMarriner - The review of Margin Call looks interesting. Although I am not into business/political movies, it certainly draws my attention. Does it have a tragic ending?

DerdriuMarriner on 05/02/2017

candy47, Everyone involved with the production does such energizingly convincing, excellent jobs. It's one of the three drama movies by J.C. Chandor that I regularly pull back off the shelf and pop into the DVD player.

candy47 on 05/02/2017

I've watched Margin Call a few times. It reverses my mood when I'm feeling lethargic.

DerdriuMarriner on 03/02/2016

sandyspider, Yes, Margin Call is a must-see film that I'm so glad to have since there's a lot of realistic acting and real-world situations to watch and re-watch. Mira mentions Jeremy Irons as possibly being the best of an all-around excellent cast, and I tend to agree with her.

sandyspider on 03/01/2016

Margin Call is something we all need to see.I have not yet and after reading this review it is a must on my list.

DerdriuMarriner on 09/29/2015

Mira, It's a film that I pull off the shelf and watch a couple of times each year. It has such insights into business personalities and economic trends.
Me too, I agree that the mood, the pace, the performances -- especially Jeremy Irons -- and the psychologies -- particularly the mature reactions of Demi Moore's character as opposed to the freaking-out of the young bar-hopper -- are all top-notch. In terms of the business, I wonder if part of the vagueness stems from the fact that JC Chandor and his family have financial careers in their backgrounds and so he needed not to get too specific since exactness could identify a contact with whom the family socialize or a source for the film's information.
Did you hear the grave-digging sounds persisting after the film ends? It seems fitting since Kevin Spacey's character just wants to retire at this point and mourn his dog and since the business got away -- this time -- with breaking into the danger zone outside the safety net where books get balanced, losses get covered, and profits get made.
Please let me know what you think of the other two films.

Mira on 09/29/2015

I watched this movie last night. Thank you for the review. Without your comments I wouldn't have noticed it in the TV program. I look forward to seeing the other two films.

I liked it. I didn't like the fact that they were so vague about their business, but they had the mood right (I think). Also the pace. And of course I liked the acting. I kept thinking how these actors played those people in a way that made you believe they were high-paid businessmen in a situation of crisis. I appreciated the fact that only the younger cadets freaked out, while someone like the character of Demi Moore, who showed much concern about her position, was in the end simply waiting for her severance package. Of all of them, I think I liked Jeremy Irons's acting the best.

DerdriuMarriner on 07/02/2015

Mira, Please let me know what you think of Margin Call. All Is Lost, Margin Call, and now A Most Violent Year are all films that I have for multiple, repeat viewing enjoyment.
Triple Frontier should be quite a film, just based on the plot's setting in an area as troubled as that between Bolivia and Brazil. Another film to look for this year or next is The Lost City of Z -- produced by Brad Pitt -- about the Bolivian and Brazilian investigations conducted by Percy Fawcett before disappearing in the Amazon.


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