The Wall Street Skinny

INDUSTRY S2E3 | "The Fool" Block Trades, Proxy Votes, Private Placement & More

Kristen and Jen Season 3 Episode 13

Send us a text

In this episode, we dive deep into HBO Max's hit show Industry Season 2, Episode 3, titled "The Fool." We unpack the intricate financial concepts and ethical dilemmas that drive the plot, exploring topics like block trades, private placements, proxy votes, insider trading, and more.

We break down the logistics of block trades—massive transactions conducted outside public markets to minimize disruption—and how they differ from private placements, where securities are sold directly to strategic investors. With a focus on Jesse Bloom's 42% stake in RYKAN, we analyze the risks and implications of these financial moves.

The episode also highlights the power of proxy votes, which enable shareholders to influence major corporate decisions without being directly present. We explore how ceding or maintaining voting rights can become a critical factor in corporate governance, mergers, and acquisitions—especially when conflicts of interest arise, such as suppressed information about RYKAN’s missing analysis.

Finally, we delve into the ethical strategies behind long-term versus short-term financial decision-making. Harper's bold move to encourage Jesse to increase his stake in RYKAN at the cost of immediate dividends challenges the traditional focus on quick profits, emphasizing the potential for future market leadership.

Join us as we dissect the financial intricacies and strategic maneuvers of Industry's gripping storyline, offering a nuanced look into the high-stakes world of hedge funds, corporate governance, and ethical finance.

For a 14 day FREE Trial of Macabacus, click HERE

For 20% off Deleteme, use the code TWSS or click the link HERE

Sign up for our LIVE Virtual Bootcamps!

2-Day Financial Modeling Bootcamp
Master the technical Excel and accounting skills essential for investment banking, private equity, and fundamental investing. (Learn more HERE)

Global Markets & Investing Playbook
A one-day crash course on the financial ecosystem, perfect for anyone seeking a big-picture understanding of how global markets and Wall Street fit together.

Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. (Learn more HERE)

People on this episode

Podcasts we love

Check out these other fine podcasts recommended by us, not an algorithm.

Pivot Artwork

Pivot

New York Magazine
Mo News Artwork

Mo News

@mosheh / tentwentytwo
Maintenance Phase Artwork

Maintenance Phase

Aubrey Gordon & Michael Hobbes
Capital Allocators – Inside the Institutional Investment Industry Artwork

Capital Allocators – Inside the Institutional Investment Industry

Ted Seides – Allocator and Asset Management Expert
Odd Lots Artwork

Odd Lots

Bloomberg