Answer the following question: Build a movie plot around this: Who's resignation does Tuld plans to offer to the board? Robertson's
Answer:
Junior risk analyst Seth Bregman (Penn Badgley), his more senior colleague Peter Sullivan (Zachary Quinto), and trading desk head Will Emerson (Paul Bettany) watch as human resources staff of their (never-named) firm, along with building security, conduct an unannounced mass layoff right on their trading floor, at the start of an otherwise normal business day. One of the fired employees is Peter and Seth's boss, Eric Dale (Stanley Tucci), head of risk management on the floor. Dale attempts to tell his now former employer that the firm should look into what he has been working on, but the contracted human resources staff have no interest other than him quickly leaving the building. While Dale is being escorted out, he gives Peter a USB memory stick with a project he had been working on, telling him to "be careful" just as he boards the elevator.That night, Sullivan finishes Dale's project and discovers that current volatility in the firm's portfolio of mortgage-backed securities will soon exceed the historical volatility levels of the positions. Because of excessive leverage, if the firm's assets decrease by 25% in value, the firm will suffer a loss greater than its market capitalization. He also discovers that, given the normal length of time that the firm holds such securities, this loss must occur. Sullivan alerts Emerson, who calls floor head Sam Rogers (Kevin Spacey).These now key employees remain at the firm for a series of meetings with progressively more senior executives, including division head Jared Cohen (Simon Baker), chief risk management officer Sarah Robertson (Demi Moore), and finally CEO John Tuld (Jeremy Irons). Cohen's plan is for the firm to quickly sell all of the toxic assets before the market learns of their worthlessness, thereby limiting the firm's exposure, a course favored by Tuld over Rogers's strong objection. Rogers warns Cohen and Tuld that dumping the firm's toxic assets will spread the risk throughout the financial sector and will destroy the firm's relationships with its...