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Article

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

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.

looking south at One Penn Plaza in the afternoon
looking south at One Penn Plaza in the afternoon — David Shankbone, CC BY SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0/deed.en), via Wikimedia Commons

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 — Michael Cory, CC BY 2.0 (https://creativecommons.org/licenses/by/2.0/), via Flickr

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) — Alatele fr (alatelefr), CC BY SA 2.0 (https://www.flickr.com/photos/130163120@N03/16452112762/), via Flickr

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

Margin Call (2011) Official HD Trailer Debut

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.

Eccles Center, Park City High School, Park City, Summit County, northeast Utah
Eccles Center, Park City High School, Park City, Summit County, northeast Utah — Jennifer 8. Lee (jenny8lee), CC BY 2.0 (https://creativecommons.org/licenses/by/2.0/), via Flickr
the end which is also the beginning
the end which is also the beginning — OpenClips, Public Domain, via Pixabay

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

DerdriuMarriner, All Rights Reserved

Updated September 11, 2026

Comments

DerdriuMarrinerJun 3, 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).

DerdriuMarrinerJun 1, 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.

WriterArtistMay 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?

DerdriuMarrinerMay 2, 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.

candy47May 2, 2017

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

DerdriuMarrinerMar 2, 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.

sandyspiderMar 1, 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.

DerdriuMarrinerSep 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.

MiraSep 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.

DerdriuMarrinerJul 2, 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.

MiraJul 1, 2015

Will look out for it, and am also planning on ordering The Margin Call.

DerdriuMarrinerJul 1, 2015

Mira, There's talk that JC Chandor -- whose family background is investment banking and whose professional career was oriented toward commercials before the switch to feature films -- will direct Triple Frontier, about intrigue and mystery at the chaotic border meetings of Argentina, Brazil, and Paraguay. If that's so, then -- based upon his previous record of 3 straight winners out of 3 -- this may give him a fourth win in terms of acclaim, impact, and revenue.

MiraJun 30, 2015

I caught some talk last night on CNN about margin financing in China. I should really watch this movie :) By the way, I watched the original The Day the Earth Stood Still, at your recommendation, and really enjoyed it.

MiraJun 29, 2015

Oh, that film! This is quite a director then! I'm surprised I haven't heard of him. Thank you for bringing him to my attention :)

DerdriuMarrinerJun 29, 2015

Mira, The only acting role in All Is Lost went to Robert Redford. Nobody else appears other than at one point in the film a hand (of an otherwise not-shown body) reaches out to grip Robert Redford's.

MiraJun 29, 2015

What do you mean "in the sole role"? Was he the only actor in the film? I think you meant something else but I can't figure out what :)

DerdriuMarrinerJun 29, 2015

Mira, It's a gripping film that is based on true facts. It's sobering to consider how margin calls break or make socio-economic comforts and innovations locally, nationally, worldwide.
Everybody does a great job, and it's impressive to see Simon Baker in a ruthless role (particularly evident in the way he prances into a bathroom to shave in the midst of more dismissals).
The group photo is a favorite of mine too! The Sundance connection is somewhat prescient since JC Chandor went on to make his second film with Robert Redford in the sole role. Robert Redford indicated afterward that JC Chandor is the only Sundance participant ever to do something in return for Robert's non-Sundance career.

MiraJun 28, 2015

Cute photo you got there from the Sundance Film Festival. I really like the actors in this movie, and it sounds like a great drama. I'll look for it at the British library. Thank you for the review.
DerdriuMarriner
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