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Rumours (1996)

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  Summary  

While watching the director's meeting, Benny uses his lip-reading skills to find out that they plan to fire staff thus touching off mass speculation amongst staff members. When asked by Monika, Susannah assures her that she will not be laid off. Meanwhile, Adam hires a termination consultant to help the firm avoid any lawsuits from laid off employees. Grant interrupts the executive meeting with the termination consultant and asks that he be the first to be laid off but since his activities are highly profitable to the firm, they refuse. In order to save his job, Chris shorts the Danish Krona and then starts a rumor about Denmark holding a referendum on withdrawing from the European Union with a less reputable wire service. Unknown to Chris, Benny piggybacks and both earn a profit making it less likely that either will be laid off.

Jack is away from the firm attending to his father's affairs.

Sally's first investment banking client threatens to pull her takeover bid unless Gardner Ross can increase her stake in the takeover target from 3% to 10% by the end of the day, a near impossible request to fulfill. Marty finds someone who holds a large block of the pipeline company they are bidding on. The holder is a friend of Adam's so at the request of the other directors, Adam takes him out to lunch to encourage him to sell his stake. As soon as Adam leaves the executive committee meeting with the termination consultant, the others vote to terminate her.

In an effort to land an investment banking deal of his own and avoid being laid off, Donald gives a prospective client who wants to build a UFO sanctuary on some land he owns consideration but Jack instructs Donald to blow him off. Despite Jack's orders to drop the deal, Donald commits the firm to it. Monika suggest that Donald structure the UFO sanctuary deal as a UFO theme park to make it more palatable to prospective investors. When Donald tells Jack of his idea to pitch the deal as a UFO theme park instead of a sanctuary, Jack reconsiders.

After losing several clients, Ann goes to Grant for help hoping he might be able to figure out what they all have in common. To her surprise, he tells her that they all dined at the same private club together that day. He knows because he visited a friend who was working in the kitchen that day.

Grant tries to get laid off by losing money but ends up earning money for the firm instead. During a debate on who will be laid off, Adam announces to the other directors that the friend he had lunch with who owns a large block of the target pipeline company has agreed to sell it at a dollar over the market price. He also informs Sally that he expects half of her advisory fee for helping her. Just as the trading floor is about to begin a stealth buy of the pipeline, the share price starts to rise, indicating that someone leaked the upcoming takeover bid. Sally asks Marty to start a rumor that she is handling the takeover hoping that the share price will not be bid up so quickly. The UFO sanctuary prospect is angered by Donald's theme park proposal. Donald wants to announce the failed deal to the board but Jack doesn't want him to because Donald's estranged father could prevent him from getting another job in the industry. To protect Donald's job, Jack lies to Adam telling him that Donald is gay and therefore a lawsuit risk in the case of dismissal. Monika and a trader get laid off. Angered by the leak, Sally's bidder storms the trading floor and drops the deal. After talking to Grant, the UFO sanctuary client warms up to the firm.

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Whole or part of the information contained in this card come from the Wikipedia article "List of Traders episodes", licensed under CC-BY-SA full list of contributors here.