1. The Wolf of Wall Street
Presentation By: Michael Counihan, Abdulaziz Alsuhaim, Ana Tineo, Nancy Chang, & Jessica Young

2. Agenda Introduction Leadership Leaders’ Influence on Employees
Organizational Culture
Final Recommendations
Questions

3. Introduction 180 minn thrill ride through the life of Jordan Belfort
Jordan and his brokerage firm, Stratton Oakmont, took Wall Street and the American Financial System by storm
Eventually, Jordan was indicted, and found guilty of stock manipulation and money laundering

4. Leadership
Meet Jordan Belfort and Donnie Azoff

5. The Inner Workings of Mr. Belfort
Jordan’s drive
McClelland’s Theory of Needs
Need for Achievement
Need for Power
Machiavellianism

6. Cogs in Jordan’s Money Making Machine
*Video contains explicit language
Customers were manipulated by Jordan and persuaded to do

7. Jordan’s Band of Misfits
Jordan lead by example
Live outside their means
Focus on money
Meeting the standards set in place by Stratton Oakmont

8. Leaders’ Influence on Employees
Makers of their own destiny
Through his expertise they could live “rich life”.
Employees joined Stratton and took on large sums of debt to buy cars, clothes
Jordan’s manipulative management style pushed employees to be type A personality
competitive, impatient, and aggressive

9. Steve Madden IPO
*Video contains explicit Language

10. Leaders’ Influence on Perception
Jordan’s management style shaped employee perceptions of themselves
Employees deemed themselves much more important in their new office locations
Was able to change employee perceptions of self worth by transforming employees from average salesmen to potential CEO’s
Had his employees suit up in order to change their perceptions of their jobs. He even allowed tailors to come to the office

11. Organizational Culture
Overview
Strong Culture: Ambition and money obsession
Organizational Climate
Rituals: entertainment
Rewards
refers to a system of shared meaning held by members that distinguish the organization from other organizations”

12. Job Satisfaction
Secretary shaves her head for $10,000 at the celebration party
○ Effective leadership
○ Supreme Power
○ Faith and Trust

13. Secretary shaved head

14. Devotion Jordans resignation speech Employees discontentment
Strong emotions evidenced
Euphoric Celebration

15. Final Recommendations
Establish Board of Directors
Minimize Jordan’s control
Unlikely

16. References
Sharif, M., & Scandura, T. (2013). Do Perceptions of Ethical Conduct Matter During Organizational Change? Ethical Leadership and Employee Involvement. Journal of Business Ethics, Volume 124(2), P Retrieved October 1, 2014, from
Lalich, J. (2004). Watch Your Culture. Harvard Business Review, Volume 82(1). Retrieved October 1, 2014, from
Chin, S., & Chi, C. (2014). The Effects of Ethical Leadership and Ethical Climate on Employee Ethical Behavior in the International Port Context. Journal of Business Ethics, Volume 124(2), P Retrieved October 1, 2014, from from
Berson, Y., & Halevy, N. (2014). Hierarchy, Leadership, and Construal Fit. Journal of Experimental Psychology. Applied., Volume 20(3), P Retrieved October 1, 2014, from

17. The End
Thank you
Questions?