Syeda Warqa Zaka

BBA 2k17 B

Trading Places - Summary

The 1983 film called trading places is a movie about an American company called Duke and
Duke Commodity Brokers in Philadelphia, branded after their owners Duke Twins, the stock
market kings. The film is a perfect mix of entertainment and knowledge about some of the
key problems that are commonly found in financial markets. They wager money and perform
an investigation to transform the life of two men named Billy Ray Valentine as well as Louis
Winthorpe, who are at the extreme end of the spectrum of social status and oblivious of one
another's nature. The two of them are very conflicting in their actual routine as well. The
study was to analyse the actions of the two participants and to see whether a street breaker is
capable of effectively running the business.

The homeless street hustler, Billy Ray Valentine, returns to panhandling for his living. But on
the other hand, Louis Winthorpe is the CEO for the Duke & Duke corporation. Clarence
Beeks, a worker for Duke Brothers falsely framed and accused Winthorpe of theft and drug
dealing which resulted in him losing his job in the business, and is being taken to prison.

Meanwhile Billy Ray Valentine would be hired by the Duke Brothers as their new managing
director. In the business fraternity, Valentine quickly became well recognised using his street
experience and gained great renown among his fellow employees.

As Valentine speaks about the results of the experiment, he hears the unfair motives and the
scheme created by the brothers to shape Louis Winthorpe to satisfy the requirements of the
experiment. As a man of principles, Valentine is seeking for Winthorpe and is planning to
pull down the brothers by flipping their tables.

In the first week of January, the Dukes were about to use details concerning a "orange crop
report" that Clarence Beeks, representing the Department of agriculture of the United States,
would announce. Winthorpe and Valentine created a scheme to procure the Clarence Beeks
report before it hit the Dukes and replaced it with a falsified report reporting poor orange crop
yields, which would then lift potential commodity costs. They were able to execute the
scheme and give the Brothers a forged paper.

Duke Brothers will purchase potential contracts for frozen orange juice on the day that the
audit is to be declared. As a result, other vendors still take a long place on the orange frozen
juice commodities, which is why the rates are inflated several times. Instead, Valentine and
Winthorpe market these contracts at the higher price for a limited period.
The grain prices start collapsing as the crop reports are broadcasted and a regular crop harvest
is expected. By acquiring these deals at a discounted rate and gaining massive income,
Valentine and Winthorpe close their place. The Duke Brothers, who actually hold a debt
stock of $394 million, are now in bankruptcy.