The Wolf of Wall Street (6 page)

“Now, the daddy in the story had lots and lots of people working for him, and most of them were very, very young and barely housebroken, so Mommy and Daddy decided to put up big iron gates around the entire property so all these young people wouldn’t be able to stop by uninvited anymore. But, believe it or not, Mommy, they still tried stopping by!” I paused and studied Mommy’s face, which was slowly losing its color. Then I said, “Anyway, after a while, Mommy and Daddy got so sick and tired of being bothered that they went out and hired two full-time bodyguards. Now, as funny as it may seem, Mommy, they both happened to be named Rocco!” I paused again and studied Mommy’s pretty face. Now she was as pale as a ghost.

I continued: “Anyway, Rocco and Rocco spent their time in a wonderful little guardhouse that was in that very backyard in the story. And since the mommy in the story always liked to do things just right, she went out and researched the very best in surveillance equipment, and she ended up buying the latest and greatest TV cameras that give the clearest and brightest and most detailed picture that money can buy. And the best part, Mommy, is that it’s all in living color! Yeah!”

Mommy’s legs were still spread wide open, in all their glory, when I said, “Anyway, about two months ago Mommy and Daddy were lying in bed on a rainy Sunday morning when she told him about an article she’d read about how some baby nurses and housekeepers mistreated the babies they looked after. This shocked Daddy terribly, so he suggested to Mommy that they have two hidden cameras and a voice-activated microphone installed in that very pink bedroom that I mentioned in the beginning of the story!

“And one of those hidden cameras is right over Daddy’s shoulder”—I pointed to a tiny pinhole high up on the wall—“and as luck would have it, Mommy, it happens to be focused right on the very best part of your glorious anatomy”—and there go the legs, snapped shut, like a bank vault—“and since we love Channy so, so much, this is the room that they monitor on the big thirty-two-inch TV screen in the center of the guardhouse!

“So smile, Mommy! You’re on
Candid Camera
!”

Mommy didn’t move—for about an eighth of a second. Then, as if someone had just shot ten thousand volts of electricity through the glorious pink carpet, Mommy jumped up and screamed: “Holy shit! Holy fucking shit! Oh, my God! I can’t fucking believe it! Oh-my-fuc-king-God!” She ran to the window and looked out at the guardhouse…then she spun around and ran back, and…
BOOM!
…down went Mommy, as one of the erotic pivots on her go-to-hell pumps collapsed.

But Mommy was only down for a second. She quickly rolled onto all fours with the speed and dexterity of a world-class wrestler and then popped right back up. To my complete and utter shock, she opened the door, ran out, and slammed it behind her as she left, entirely unconcerned with what the bizarre menagerie of help might think of all the ruckus. And then she was gone.

“Well,” I said to Channy, “the real Martha Stewart would definitely not have approved of a slammed door, now, would she, sweetie!” Then I said a silent prayer to the Almighty, asking him—no begging him, in fact—to never allow Channy to marry a guy like me, much less date one. I wasn’t exactly Husband of the Year material, after all. Then I carried her downstairs and handed her to Marcie, the jabbering Jamaican baby nurse, and made a quick beeline for the guardhouse, not wanting the videotape of Mommy to end up in Hollywood as a pilot for
Lifestyles of the Rich and Dysfunctional.

CHAPTER 4

WASP HEAVEN

L
ike a dog in heat, I searched all twenty-four rooms of the mansion for Mommy. In fact, I searched every nook and cranny of all six acres of the estate until, finally, reluctantly, and with great sadness, I called off my search. It was almost nine o’clock, and I had to get to work. Just where my dear aspiring cock-teaser was hiding, I couldn’t figure out. So I gave up trying to get laid.

We pulled away from my Old Brookville estate just after nine a.m. I was sitting in the backseat of my midnight-blue Lincoln limousine, with my white-cracker-hating chauffeur, George Campbell, behind the wheel. In the four years George had worked for me, he’d said only a dozen words. On some mornings I found his self-imposed vow of silence rather annoying, but at this particular moment it was just fine. In fact, after my recent run-in with the luscious Duchess, a little bit of peace and quiet would be sublime.

Still, as part of my morning ritual I would always greet George in overly warm tones and try to get some sort of response out of him. Anything. So I figured I’d take another crack at it, just for shits and giggles.

I said, “Hey, Georgie! How ya doing today?”

George turned his head approximately four and a half degrees to the right, so I could barely see the whites of his blazing white eyeballs, and then he nodded, just once.

Never fails, God damn it! The guy’s a fucking mute!

Actually, that wasn’t true: About six months earlier George had asked me if I could loan him (which, of course, meant give him) $5,000 to get himself a new set of choppers (as he referred to them). This I gladly did, but not until I tortured him for a good fifteen minutes, making him tell me everything—how white they’d be, how many there’d be, how long they’d last, and what was wrong with his teeth right now. By the time George was done, there were beads of sweat running down his charcoal-black forehead, and I was sorry I’d ever asked him in the first place.

Today, as on every day, George wore a navy-blue suit and grim expression, the grimmest expression his inflated $60,000-a-year salary could reasonably allow for. I had no doubt that George hated me or at least resented me, in the same way he hated and resented all white crackers. The only exception to that was my wife, the aspiring people-pleaser, whom George adored.

The limo was one of those superstretch jobs, with a fully stocked bar, a TV and VHS, a fridge, a terrific sound system, and a rear seat that turned into a queen-size bed with the flip of a switch. The bed was an added touch, to ease my back pain, but it had the unintended effect of turning my limousine into a $96,000 brothel on wheels. Go figure. My destination this morning was none other than Lake Success, Long Island, the once quiet middle-class hamlet where Stratton Oakmont was located.

Nowadays, the town was like Tombstone, Arizona—
before
the Earps came to town. All these quaint little cottage industries had sprung up to service the needs, wants, and desires of the twisted young stockbrokers in my employ. There were brothels, illegal gambling parlors, after-hours clubs, and all that sort of fun stuff. There was even a little prostitution ring turning tricks in the lower level of the parking garage, at two hundred dollars a pop.

In the early years, the local merchants were up in arms over the apparent gracelessness of my merry band of stockbrokers, many of whom seemed to have been raised in the wild. But it wasn’t long before these same merchants realized that the Stratton brokers didn’t check price tags on anything. So the merchants jacked up their prices, and everyone lived in peace, just like in the Wild West.

Now the limo was heading west, down Chicken Valley Road, one of the finest roads in the Gold Coast. I cracked my window to let in a little fresh air. I stared out at the lush fairways of the Brookville Country Club, where I’d made my drug-assisted approach earlier this morning. The country club was remarkably close to my estate—so near, in fact, that I could hit a golf ball from my front lawn to the middle of the seventh fairway with a well-struck seven iron. But, of course, I never bothered applying for membership, what with my status as a lowly Jew, who had the utter gall to invade WASP heaven.

And it wasn’t just the Brookville Country Club that restricted Jews. No, no, no! All the surrounding clubs restricted Jews or, for that matter, anyone who wasn’t a blue-blooded WASP bastard. (In fact, Brookville Country Club admitted Catholics and wasn’t nearly as bad as some of the others.) When the Duchess and I first moved here from Manhattan, the whole WASP thing bothered me. It was like some secret club or society, but then I came to realize that the WASPs were yesterday’s news, a seriously endangered species no different than the dodo bird or spotted owl. And while it was true that they still had their little golf clubs and hunting lodges as last bastions against the invading
shtetl
hordes, they were nothing more than twentieth-century Little Big Horns on the verge of being overrun by savage Jews like myself, who’d made fortunes on Wall Street and were willing to spend whatever it took to live where Gatsby lived.

The limo made a gentle left turn and now we were on Hegemans Lane. Up ahead on the left was the Gold Coast Stables, or, as the owners liked to refer to it, “The Gold Coast Equestrian Center,” which sounded infinitely WASPier.

As we passed by, I could see the green-and-white-striped stables, where the Duchess kept her horses. From top to bottom the whole equestrian thing had turned into a giant fucking nightmare. It started with the stable’s owner, a Quaalude-addicted, potbellied savage Jew, with a thousand-watt social smile and a secret life’s mission to be mistaken for a WASP. He and his bleached blond pseudo-WASP wife saw the Duchess and me coming a mile away and decided to dump all their reject horses on us, at a three hundred percent markup. And if that weren’t painful enough, as soon as we bought the horses, they would become afflicted with bizarre ailments. Between the vet bills, the food bills, and the cost of paying stable hands to ride the horses so they would stay in shape, the whole thing had turned into an enormous black hole.

Nevertheless, my luscious Duchess, the aspiring hunter-jumper expert, went there every day—to feed her horses sugar cubes and carrots and to take riding lessons—in spite of the fact that she suffered from intractable horse allergies and would come home sneezing and wheezing and itching and coughing. But, hey, when you live in the middle of WASP heaven you do as the WASPs do, and you pretend to like horses.

As the limo crossed over Northern Boulevard, I felt my lower-back pain breaking through the surface. It was about that time now, where most of last night’s recreational drug medley had worked its way out of my central nervous system and into my liver and lymph channels, where it belonged. But it also meant that the pain would now be returning. It felt as if an angry, feral, fire-breathing dragon was slowly awakening. The pain started in the small of my back, on the left side, and went shooting down the back of my left leg. It was as if someone were twisting a red-hot branding iron into the back of my thigh. It was excruciating. If I tried rubbing the pain out it would shift to a different spot.

I took a deep breath and resisted the urge to grab three Quaaludes and swallow them dry. That would be completely unacceptable behavior, after all. I was heading for work, and in spite of being the boss, I couldn’t just stumble in like a drooling idiot. That was only acceptable at nighttime. Instead, I said a quick prayer that a bolt of lightning would come down from out of the clear blue sky and electrocute my wife’s dog.

On this side of Northern Boulevard, things were decidedly low rent, which is to say the average home went for a little over a million-two. It was rather ironic how a kid from a poor family could become desensitized to the extravagances of wealth to the point that million-dollar homes now seemed like shacks. But that wasn’t a bad thing, was it? Well, who knew anymore.

Just then I saw the green and white sign that hung over the entrance ramp to the Long Island Expressway. Soon enough I’d be walking into the very offices of Stratton Oakmont—my home away from home—where the mighty roar of America’s wildest boardroom would make the insanity seem perfectly okay.

CHAPTER 5

THE MOST POWERFUL DRUG

T
he investment-banking firm of Stratton Oakmont occupied the first floor of a sprawling black-glass office building that rose up four stories from out of the muddy marrow of an old Long Island swamp pit. In truth, it wasn’t as bad as it sounded. Most of the old pit had been reclaimed back in the early 1980s, and it now sported a first-class office complex with an enormous parking lot and a three-level underground parking garage, where Stratton brokers would take mid-afternoon coffee breaks and get laid by a happy hit squad of prostitutes.

Today, as on every day, as we pulled up to the office building I found myself welling up with pride. The mirrored black glass gleamed brilliantly in the morning sunshine, reminding me of just how far I’d come in the last five years. It was hard to imagine that I’d actually started Stratton from out of the electrical closet of a used-car dealership. And now…
this!

On the west side of the building there was a grand entranceway meant to dazzle all those who walked through it. But not a soul from Stratton ever did. It was too far out of the way, and time, after all, was money. Instead, everyone, including me, used a concrete ramp on the south side of the building, which led directly to the boardroom.

I climbed out of the back of the limousine, said my parting farewells to George (who nodded without speaking), and then made my way up that very concrete ramp. As I passed through the steel doors, I could already make out the faint echoes of the mighty roar, which sounded like the roar of a mob. It was music to my ears. I headed right for it, with a vengeance.

After a dozen steps, I turned the corner and there it was: the boardroom of Stratton Oakmont. It was a massive space, more than a football field long and nearly half as wide. It was an open space, with no partitions and a very low ceiling. Tightly packed rows of maple-colored desks were arranged classroom style, and an endless sea of crisp white dress shirts moved about furiously. The brokers had their suit jackets off, and they were shouting into black telephones, which created the roar. It was the sound of polite young men using logic and reason to convince business owners across America to invest their savings with Stratton Oakmont:

“Jesus Christ, Bill! Pick up your skirt, grab your balls, and make a goddamn decision!” screamed Bobby Koch, a chubby, twenty-two-year-old Irishman with a high-school diploma, a raging coke habit, and an adjusted gross income of $1.2 million. He was berating some wealthy business owner named Bill who lived somewhere in America’s heartland. Each desk had a gray-colored computer on it, and green-diode numbers and letters came flashing across, bringing real-time stock quotes to the Strattonites. But hardly a soul ever glanced at them. They were too busy sweating profusely and screaming into black telephones, which looked like giant eggplants growing out of their ears.

“I need a decision—
Bill!
—I need a decision right now!” snapped Bobby. “Steve Madden is the hottest new issue on Wall Street, and there’s nothing to think about! By this afternoon it’ll be a fucking dinosaur!” Bobby was two weeks out of the Hazelden Clinic and had already begun to relapse. His eyes seemed to be popping right out of his beefy Irish skull. You could literally feel the cocaine crystals oozing from his sweat glands. It was 9:30 a.m.

A young Strattonite with slicked-back hair, a square jaw, and a neck the size of Rhode Island was in a crouch position, trying to explain to a client the pros and cons of including his wife in the decision-making process. “Tawk to ya wife? Waddaya, crazy a sumthin’?” He was only vaguely aware that his New York accent was so thick it sounded like sludge. “I mean, ya think your wife
tawkstaya
when she goes out and buys a new pair of shoes?”

Three rows back, a young Strattonite with curly brown hair and an active case of teenage acne was standing stiff as a ramrod with his black telephone wedged between his cheek and collarbone. His arms were extended like airplane wings, and he had giant sweat stains under his armpits. As he shouted into his telephone, Anthony Gilberto, the firm’s custom tailor, fit him for a custom-made suit. All day long Gilberto would go from desk to desk taking measurements of young Strattonites and make suits for them at $2,000 a pop. Just then the young Strattonite tilted his head all the way back and stretched his arms out as wide as they could possibly go, as if he were about to do a swan dive off a ten-meter board. Then he said, in a tone you use when you’re at your wits’ end: “Jesus, will you do yourself a favor, Mr. Kilgore, and pick up ten thousand shares? Please, you’re
killing
me here…you’re killing me. I mean, do I have to fly down to Texas to twist your arm, because if I have to I will!”

Such dedication! I thought. The pimply-faced kid was pitching stock even while he was clothes shopping! My office was on the other side of the boardroom, and as I made my way through the writhing sea of humanity I felt like Moses in cowboy boots. Brokers parted this way and that as they cleared a path for me. Each broker I passed offered me a wink or a smile as a way of showing their appreciation for this little slice of heaven on earth I’d created. Yes, these were my people. They came to me for hope, love, advice, and direction, and I was ten times crazier than all of them. Yet one thing we all shared equally was an undying love for the mighty roar. In fact, we couldn’t get enough of it:

“Pick up the fucking phone, please!” screamed a little blond sales assistant.

“You pick up the fucking phone! It’s your fucking job.”

“I’m only asking for one shot!”

“—twenty thousand at eight and a half—”

“—pick up a hundred thousand shares—”

“The stock’s going through the roof!”

“For Chrissake, Steve Madden’s the hottest deal on Wall Street!”

“Fuck Merrill Lynch! We eat those cockroaches for breakfast.”

“Your local broker? Fuck your local broker! He’s busy reading yesterday’s
Wall Street Journal
!”

“—I got twenty thousand B warrants at four—”

“Fuck that, they’re a piece of shit!”

“Yeah, well, fuck you too, and the piece-a-shit Volkswagen you drove here!”

Fuck this and fuck that! Shit here and shit there! It was the language of Wall Street. It was the essence of the mighty roar, and it cut through everything. It intoxicated you. It seduced you! It fucking liberated you! It helped you achieve goals you never dreamed yourself capable of! And it swept everyone away, especially me.

Out of the thousand souls in the boardroom there was scarcely a warm body over thirty; most were in their early twenties. It was a handsome crowd, exploding with vanity, and the sexual tension was so thick you could literally smell it. The dress code for men—
boys!
—was a custom-made suit, white dress shirt, silk necktie, and solid gold wristwatch. For the women, who were outnumbered ten to one, it was go-to-hell skirts, plunging necklines, push-up bras, and spike heels, the higher the better. It was the very sort of attire strictly forbidden in Stratton’s human-resources manual yet heavily encouraged by management (yours truly).

Things had gotten so out of hand that young Strattonites were rutting away under desks, in bathroom stalls, in coat closets, in the underground parking garage, and, of course, the building’s glass elevator. Eventually, to maintain some semblance of order, we passed out a memorandum declaring the building a Fuck Free Zone between the hours of eight a.m. and seven p.m. On the top of the memo were those very words,
Fuck Free Zone,
and beneath them were two anatomically correct stick figures, doing it doggy-style. Surrounding the stick figures was a thick red circle with a diagonal line running through its center: a
Ghostbusters
sign. (Certainly a Wall Street first.) But, alas, no one took it seriously.

It was all good, though, and it all made perfect sense. Everyone was young and beautiful, and they were seizing the moment. Seize the moment—it was this very corporate mantra that burned like fire in the heart and soul of every young Strattonite and vibrated in the overactive pleasure centers of all thousand of their barely postadolescent brains.

And who could argue with such success? The amount of money being made was staggering. A rookie stockbroker was expected to make $250,000 his first year. Anything less and he was suspect. By year two you were making $500,000 or you were considered weak and worthless. And by year three you’d better be making a million or more or you were a complete fucking laughingstock. And those were only the minimums; big producers made triple that.

And from there the wealth trickled down. Sales assistants, who were really glorified secretaries, were making over $100,000 a year. Even the girl at the front switchboard made $80,000 a year, just for answering the phones. It was nothing short of a good old-fashioned gold rush, and Lake Success had become a boomtown. Young Strattonites, the children that they were, began calling the place Broker Disneyland, and each one of them knew that if they were ever thrown out of the amusement park they would never make this much money again. And such was the great fear that lived at the base of the skull of every young Strattonite—that one day you would lose your job. Then what would they do? After all, when you were a Strattonite you were expected to live the Life—driving the fanciest car, eating at the hottest restaurants, giving the biggest tips, wearing the finest clothes, and residing in a mansion in Long Island’s fabulous Gold Coast. And even if you were just getting started and you didn’t have a dime to your name, then you would borrow money from any bank insane enough to lend it to you—regardless of the interest rate—and start living the Life, whether you were ready for it or not.

It was so out of control that kids still sporting teenage acne and only recently acquainted with a razor blade were going out and buying mansions. Some of them were so young they never even moved in; they still felt more comfortable sleeping at home, with their parents. In the summers they rented lavish homes in the Hamptons, with heated swimming pools and spectacular views of the Atlantic Ocean. On weekends they threw wild parties that were so decadent they were invariably broken up by the police. Live bands played; DJs spun records; young Stratton girls danced topless; strippers and hookers were considered honored guests; and, inevitably, at some point along the way, young Strattonites would get naked and start rutting away right under the clear blue sky, like barnyard animals, happy to put on a show for an ever-expanding live audience.

But what was wrong with that? They were drunk on youth, fueled by greed, and higher than kites. And day by day the gravy train grew longer, as more and more people made fortunes providing the crucial elements young Strattonites needed to live the Life. There were the real estate brokers who sold them the mansions; the mortgage brokers who secured the financing; the interior decorators who stuffed the mansions with overpriced furniture; the landscapers who tended to the grounds (any Strattonite caught mowing his own lawn would be stoned to death); the exotic car dealers who sold the Porsches and Mercedes and Ferraris and Lamborghinis (if you drove anything less you were considered a total fucking embarrassment); there were the maître d’s who reserved tables at the hottest restaurants; there were the ticket scalpers who got front-row seats to sold-out sporting events and rock concerts and Broadway shows; and there were the jewelers and watchmakers and clothiers and shoemakers and florists and caterers and haircutters and pet groomers and masseuses and chiropractors and car detailers and all the other niche-service providers (especially the hookers and the drug dealers) who showed up at the boardroom and delivered their services right to the feet of young Strattonites so they wouldn’t have to take even one second out of their busy day or, for that matter, engage in any extracurricular activity that didn’t directly enhance their ability to commit one single act: dial the telephone. That was it. You smiled and dialed from the second you came in to the office until the second you left. And if you weren’t motivated enough to do it or you couldn’t take the constant rejection of secretaries from all fifty states slamming the phone down in your ear three hundred times a day, then there were ten people right behind you who were more than willing to do the job. And then you were out—permanently.

And what secret formula had Stratton discovered that allowed all these obscenely young kids to make such obscene amounts of money? For the most part, it was based on two simple truths: first, that a majority of the richest one percent of Americans are closet degenerate gamblers, who can’t withstand the temptation to keep rolling the dice again and again, even if they know the dice are loaded against them; and, second, that contrary to previous assumptions, young men and women who possess the collective social graces of a herd of sex-crazed water buffalo and have an intelligence quotient in the range of Forrest Gump on three hits of acid,
can
be taught to sound like Wall Street wizards, as long as you write every last word down for them and then keep drilling it into their heads again and again—every day, twice a day—for a year straight.

And as word of this little secret began to spread throughout Long Island—that there was this wild office, in Lake Success, where all you had to do was show up, follow orders, swear your undying loyalty to the owner, and he would make you rich—young kids started showing up at the boardroom unannounced. At first they trickled in; then they poured in. It started with kids from the middle-class suburbs of Queens and Long Island and then quickly spread to all five boroughs of New York City. Before I knew it they were coming from all across America, begging me for jobs. Mere
kids
would travel halfway across the country to the boardroom of Stratton Oakmont and swear their undying loyalty to the Wolf of Wall Street. And the rest, as they say, is Wall Street history.

As always, my ultraloyal personal assistant, Janet,
^*1
was sitting before her own desk, anxiously awaiting my arrival. At this particular moment she was tapping her right index finger on her desktop and shaking her head in a way that said, “Why the fuck does my whole day revolve around when my crazy boss decides to show up for work?” Or perhaps that was just my imagination and she was simply bored. Either way, Janet’s desk was positioned just in front of my door, as if she were an offensive lineman protecting a quarterback. That was no accident. Among her many functions, Janet was my gatekeeper. If you wanted to see me or even speak to me, you first had to get through Janet. That was no simple task. She protected me the way a lioness protects her cubs, having no problem unleashing her sometimes righteous wrath on any living soul who tried breaching the gauntlet.