Oliver Stone and Michael Douglas have agreed to do the sequel of the film ‘Wall Street’ (1987). Fox Studios is also negotiating with actor Shia LaBeouf for a role in the film. Allan Loeb wrote the screenplay. Ed Pressman, producer of the original film, will likewise finance the sequel. Filming is expected to start this summer.

Douglas, 64, won a best-actor Oscar for his work on the original version. His character Gordon Gekko, a powerful and unscrupulous corporate raider who made for himself a huge fortune, became the iconic representation of Wall Street and capitalistic greed and corruption. The film is now known as the ‘archetypal portrayal of 1980s excess,’ especially with Douglas’s character’s mantra of “greed, for lack of a better word, is good” and his thinking that a few million dollars is a negligible amount.

A repeat of his role these days augurs well for the current theme of the times: a global economic meltdown that commenced at Wall street and is traceable to greedy financial executives.

The sequel is said to focus on a young Wall Street tyro, much like Charlie Sheen’s role of a stockbroker upstart in the original version.

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Via The Huffington Post