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Arbitrage.txt
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ARBITRAGE
Written by
Nicholas Jarecki
4/17/11
BLACK.
Over CREDITS we HEAR:
MARIA (O.S.)
...but you took a huge bet on the
housing crisis in the middle of the
biggest boom anybody'd ever seen. Why?
ROBERT (O.S.)
I'm a child of the 50's. My father
welded steel for the Navy. And my
mother worked at the VA.
INT. ROBERT'S MANSION - DAY
As the conversation continues we see:
1. A MAID clean an expansive living room, waxing a mahogany
table.
2. A BUTLER open sliding doors to an empty grand sitting
room.
3. An overhead shot as a SERVANT carries packages up a long
winding staircase.
ROBERT
They lived through the Depression,
Pearl Harbor, and the Bomb. And they
didn't think bad things might
happen; they knew they would happen.
MARIA
Is that what's happening now?
ROBERT
When I was a kid my favorite
teacher was Mr. James. Mr. James
said that world events always
revolve around five things:
(extending his fingers one-
BY-ONE)
INT. ROBERT'S LIVING ROOM - DAY
And right on cue, we see for the first time -- ROBERT MILLER
(60) -- sitting on a sofa across from MARIA BARTIROMO and a
CAMERA CREW, mid-interview. ELLEN MILLER (58) watches on a
nearby MONITOR.
ROBERT
M-O-N-E-Y.
Goldenrod - 4.17.11 2.
MARIA
(LAUGHING)
Was this freshman econ?
ROBERT
This was fifth-grade econ.
(smiles, off her laugh)
But this is something we've seen
over and over again, time and time
again, that competition for this--
limited amount of dollars out
there, can make even the best of us
manic. So it's not surprising that
we see these asset bubbles, but
when reality sets in of course,
they burst.
CUT TO BLACK.
"ARBITRAGE"
CLOUDS GIVE WAY TO A:
FALCON 900EX - SOARING THROUGH THE SKIES AT 550MPH
And we push tighter into the plane, cutting into the engine,
as we hear a sonic boom and focus inside, revealing...
INT. FALCON
A sleek, slate-gray cabin, divided into three seating areas.
At the back of the plane, five AIDES DE CAMP chatter in hushed
tones, pouring over a sea of red-inked paper.
In the galley, GAVIN BRIAR (42), pours a coffee. He brings it
BACK TO
ROBERT
who sits alone in his private area facing the cockpit,
scribbling his own red-ink across a stack of CONTRACT
DOCUMENTS. His effortless slouch, silver hair, and all-
commanding mannerisms make one thing clear: Robert's our man.
GAVIN
(handing him the coffee)
Here you go...
Robert sips it.
Goldenrod - 4.17.11 3.
GAVIN (CONT'D)
(SITTING)
You're disappointed.
ROBERT
Quants? Derivatives structures?
What was that about?
GAVIN
It makes no sense.
ROBERT
That's what you said last week.
Why'd we go down there?
GAVIN
To sign.
ROBERT
And did we sign?
GAVIN
No.
ROBERT
No. We did not. Instead I fly two
thousand miles for a marketing
meeting... And where was Mayfield?
What was this "emergency"? What was
that about?
GAVIN
(after a beat)
Did you speak to the auditors?
ROBERT
Why?
GAVIN
What if... we don't don't close this
week...
We push into a close-up of Robert, as he contemplates what
this would mean.
EXT. WESTCHESTER AIRFIELD - MOMENTS LATER
The ROAR of thirty million dollars landing near tall grass.
EXT. HANGAR - CONTINUOUS
Robert walks down the passenger steps onto the tarmac,
followed by Gavin and the aides.
Goldenrod - 4.17.11 4.
They approach a waiting MERCEDES MAYBACH. The aides hand file
BOXES and BRIEFCASES to the Hispanic driver, RAMON, who loads
them into the trunk.
EXT. STREETS - CONTINUOUS
The blur of city lights as the limo passes over bridges and
towards the city and Park Avenue and finally approaches
EXT. GRACIE SQUARE - ROBERT'S MANSION - CONTINUOUS
An enormous turn-of-the-last-century Stanford-White-designed
red-brick MANSION- two already-giant townhouses combined.
Robert and Gavin exit the limo and head inside.
INT. ROBERT'S MANSION - ENTRY HALL - CONTINUOUS
It's our first glimpse of Robert's home, and it doesn't
disappoint. It's an 1850's Tudor given a full once-over,
maintaining period details but updated with a Modernist
flair. It actually works.
A SERVANT takes Robert's briefcase from him as he enters,
handing him three small PRESENTS which he puts under his arm.
We HEAR sounds of a DINNER PARTY complete with CHILDREN
laughing. Hold on Robert's face- some mixture of excitement
and anticipation.
INT. DINING ROOM - CONTINUOUS
A party in progress, dinner already served.
Seated around a large square table are: ELLEN (58, Robert's
wife), BROOKE (28, Robert's daughter), PETER (31, Robert's
son), TOM (Brooke's boyfriend), ANNE (Peter's wife), and
THREE GRANDCHILDREN.
Ellen's playing with one of the kids. She sees Robert.
ELLEN
(LIGHTING UP)
Look, your grandfather's here!
The kids clamor for Robert's attention. He moves around the
table, hugging them all.
ROBERT
Hi, guys!
Goldenrod - 4.17.11 5.
GRANDCHILD
Hi Grampi! What did you bring us?
Robert hands out the presents, and the kids unwrap them in a
frenzy. He continues making the rounds until he finally gets to
Brooke and Peter, seated next to each other.
They embrace, but we notice clear restraint, a marked contrast
to his behavior towards their kids.
BROOKE
It's your birthday, Dad, not theirs.
You're spoiling them rotten.
ROBERT
(GRINNING)
It's my job! It's my job. You guys
turned out fine!
BROOKE
(HALF-SMILE)
Debatable.
ROBERT
(to Peter, as they hug and
SMILE)
How you doin', son? Good?
Robert rounds the table and takes his seat next to Ellen as
she discreetly waves to the SERVANTS.
ELLEN
We had to eat. The kids were
starving...
ROBERT
(hugging her, happy)
No, no that's okay. Where's my
drink, is this mine, here?
Another SERVANT enters with a CAKE flickering birthday
candles. Everyone notices and starts CLAPPING.
ALL
HEY! HAPPY BIRTHDAY! YAY!
Robert smiles. They finish cheering, then CLINK glasses for a
toast.
ROBERT
Thank you, thank you, thank you all
very much, it's such a surprise, I
didn't even know it was my birthday!
Everyone laughs a little.
Goldenrod - 4.17.11 6.
ROBERT (CONT'D)
What did Mark Twain say about? He
said-- old age... is clearly a case
of mind over matter. If you don't
mind, it doesn't matter.
(MORE LAUGHTER)
I've done a lot of things in my life,
worked very hard, but being here,
looking around-- at all these shining,
radiant faces, I know that my best
work is right here in this room, right
now... I'm deeply proud of all of you.
That's the best gift your mother and I
could have hoped for,
(KISSES ELLEN)
so, thank you...
PETER
(CALLING OUT)
...and to have sold the company
to Standard this morning!
They all LAUGH.
ROBERT
(SMILES)
That, too, Peter, but- no business
tonight-- no business!
ELLEN
Oh, here we go!
More group LAUGHTER.
ROBERT
Although your one-track mind assures
me you've got not only your mother's
genes, but you've got mine, too!
More LAUGHTER. Robert laughs, too. He sees Ellen hug Peter
across the room.
ROBERT (CONT'D)
Now, I'm aware that may seem
uncharacteristic, but maybe it's taken me
sixty years to realize what's truly
important -- and it's you guys so thank
you all very much.
ALL
(as they applaud)
Hear, hear!
Goldenrod - 4.17.11 7.
INT. STUDY - MOMENTS LATER
A warm, clubby room, kept traditional. Robert pours out two
SCOTCHES.
ROBERT
Kids are wild.
BROOKE
(LAUGHING)
I don't know about me as a mom.
ROBERT
No, no no, you should have-- I want
more "you's" around.
Robert brings the drinks to the banquette where Brooke rests
with an open FOLDER. He resumes signing papers.
BROOKE
(LAUGHS)
It's all about you, isn't it.
(POINTS)
Four... and nineteen.
ROBERT
Yeah, yeah yeah...
Brooke nods, tries to smile.
BROOKE
So what was that all about?
ROBERT
What?
BROOKE
The last time you made a speech like that
we lost the Firestone bid.
ROBERT
(LAUGHS)
Yeah, well... I just... wanted it
to be about the family tonight.
She nods again, unconvinced, then pulls out a MAGAZINE.
BROOKE
You see this?
He looks closely at it. A "Forbes" cover story:
"Robert Miller, the Oracle of Gracie Square: Investor profits
in uncertain times by predicting housing crisis."
Goldenrod - 4.17.11 8.
ROBERT
(shakes his head)
Yeah... Oy. You know how I feel
about that. Trash can.
BROOKE
Peter's got a copy pinned up in the
conference room.
ROBERT
(sits back, takes a drink)
Well, you gonna keep skirting around it?
Brooke leans back and stares at him.
BROOKE
Why sell our company? We make a
great return, we give money to the
causes we believe in...
ROBERT
My darling, you are still in your 20's.
I am 60. That's a big difference in
point of view.
BROOKE
Dad, you're not that old.
ROBERT
(LAUGHS)
It catches up alright. And maybe
there's some other things I'd like to
do. Maybe I would like to spend a
little more time with you guys...
outside the office.
Brooke shoots him a look.
ROBERT (CONT'D)
(GROWING IMPATIENT)
What?
Staring at him, then
BROOKE
(LAUGHS)
I'm just trying to imagine what we
would do.
INT. ENTRY HALL - LATER
Ellen is supervising the yawning children as the party winds
down. She sees Robert put on his OVERCOAT.
Goldenrod - 4.17.11 9.
ELLEN
Where are you going?
ROBERT
Office.
ELLEN
Now?
ROBERT
Yeah I gotta finish up that thing.
She holds a beat, then approaches and straightens his collar.
ELLEN
(SMILES)
But, I haven't given you your
birthday present yet...
ROBERT
(SMILING BACK)
I'll be back as soon as I can.
He kisses her and starts to exit. She stares as he walks out.
Hold on her.
EXT. LOWER BROADWAY - NIGHT
A TAXI stops in front of a large frosted-glass apartment
entrance. Robert exits, paying the DRIVER through the window.
ROBERT
(into his phone)
Yeah, Gavin, it's me, uhh... When
you get this -- I want you to call
Chris Vogler at Fremaut, tell him I
need to see him right away, okay?
INT. LOFT APARTMENT - NIGHT
JULIE CÔTE (32) sits at the head of a marble table in the
exquisite space. It's the modern mirror of Robert's mansion,
the lines carried through fully this time. And Julie is the
modern woman: sleek, fit, and flowing, even at home.
She's intently focused, handwriting personal notes onto a stack
of INVITATIONS for the "Julie Côte Gallery - Paintings by Victor
Rodriguez - April 10th" as she downs the last of a WHITE WINE.
She's got a seating chart out that she's working on.
The INTERCOM RINGS. Julie heads over, sees Robert's face on
the VIDEO MONITOR. She holds a beat.
Goldenrod - 4.17.11 10.
EXT. LOFT APARTMENT - SAME
Robert waits in the cold, staring into the camera as Julie
watches him from inside the loft, not moving.
After a second, the door BUZZES open.
INT. JULIE'S LOFT - SAME
Robert enters. Julie is already back at the table, writing.
She's arranging 4 POLAROIDS of different paintings on a wall,
along with a SEATING CHART. He walks down the long hall.
He comes up behind her, running his arms across her stomach.
JULIE
(standing in frustration)
Okay...
She crosses to the open kitchen and pours out more wine,
lights a cigarette. Robert trails.
ROBERT
Alright, I'm sorry. I'm sorry I'm
late. I'm always late-- you know
that-- and I'm sorry. And I'm
always saying I'm sorry about being
late.
(crosses to her)
It doesn't mean I wouldn't rather
be here with you.
They stare at each other as she drags off the cigarette, then
stubs it out. He gestures to the dining table.
ROBERT (CONT'D)
The show's gonna be beautiful.
JULIE
(FINALLY--)
You gonna be there?
ROBERT
(slight beat, then
DEFINITIVE)
I will be there.
She stares, still in the moment. Then she heads to the fridge
and slides out a homemade BIRTHDAY CAKE. He stares at it.
ROBERT (CONT'D)
(LAUGHING)
Oh wow, that's great.
Goldenrod - 4.17.11 11.
JULIE
I made this for you.
ROBERT
You made this? This is amazing. One
candle, thank you very...
She reaches for the cake, grabbing a piece of it with her
hand and... SMEARS IT ONTO HIS FACE.
The tension breaks, and they LAUGH. He grabs her and they
kiss furiously, pulling at each other's clothes as she pushes
him backwards into the bedroom and they begin to make love.
INT. GREENBERG & COMPANY - OFFICE HALL - THE NEXT DAY
Robert enters the palatial quarters, decorated with ornate
18th century furniture. As we'll see soon, it's a stark
contrast to his functional empire. He follows a striking
British RECEPTIONIST down a long hallway passing a massive
glass conference room. They arrive at
INT. GREENBERG'S OFFICE - SAME
The receptionist escorts Robert in. Standing to greet him is
JEFFREY GREENBERG (53), handsome and charming.
JEFFREY
Thank you, Diane.
She exits. Robert sits. A moment of silence.
JEFFREY (CONT'D)
So?
ROBERT
I'm here.
JEFFREY
Guess what's not?
ROBERT
Jeffrey, I told you, I'm...
JEFFREY
"...working on it," yeah. Well, while
you're doing that, lemme tell you what's
not working...
ROBERT
(LEANING FORWARD)
Jeffrey...
Goldenrod - 4.17.11 12.
JEFFREY
(LOUDER)
...what's not working is my four
hundred twelve million dollars that's
sitting in your account so you can
pass your audit, the four hundred
twelve million that you needed, you
said, for two weeks, and which has
been languishing now for
(looks down at paper)
thirty-two days, while it could be
elsewhere invested, earning an actual
return, instead of couching the absurd
lie that you're spinning.
ROBERT
What do you want me to say?
JEFFREY
That you're gonna get a signature
from Mayfield, and that my hostage
money and my fee are going to be sent
to me promptly, say... by tomorrow?
A beat.
ROBERT
I am solving the problem. I am getting
you your money and your fee. You will
have them very shortly.
JEFFREY
When?
ROBERT
As soon as they sign the contract.
JEFFREY
(BEAT)
You know, I'm not the one with the
liability, pal. I just made a loan.
You're looking at jail for a
thousand years for fraudulent
conveyance and...
ROBERT
...Stop it! You don't have to talk
to me like that!...
JEFFREY
I didn't get you into this mess!
ROBERT
You were a friend of mine!...
Goldenrod - 4.17.11 13.
JEFFREY
...remember when you asked me if it
was a good idea to divert half your
liquid assets into a fucking copper
mine? What did I tell you?
ROBERT
(stands, heading to door
WITH COAT)
Are we done here? I think we're
done here.
Jeffrey stares at him contemplatively for a moment, then
appears to reach some sort of conclusion.
JEFFREY
(MATTER-OF-FACT)
Friday morning I take my money back.
ROBERT
(SHAKES HEAD)
You can't do that...
JEFFREY
...the fuck I can't, it's in an escrow bill
with one-day call rights...
ROBERT
...I need the money there until they
sign, Jeffrey. What if they check again?
JEFFREY
That's really not my problem, is it?
ROBERT
(stares, fumes)
Not your fuckin problem...
EXT. STREET - MADISON AVENUE
Off Robert as he storms the pavement.
INT. ROBERT'S LIMO - CONTINUOUS
And enters his waiting limousine, SLAMMING the door.
ROBERT
(TO RAMON)
Let's go.
They drive off. Robert turns on the TELEVISION.
Goldenrod - 4.17.11 14.
CNBC ANNOUNCER
The DOW continues its uptick this
morning on new housing starts to
rise 132 points. Asian markets fared
less well, especially in Russia,
where further nationalization plans
caused foreign investment to
sputter, leading to various...
Close on Robert, trying hard to contain his building rage.
His phone VIBRATES a TEXT, from Julie: "See you at 8!" He
stares at it, breathes in deeply.
The CARPHONE rings: "Gavin."
ROBERT
(BARKS)
What?
GAVIN (O.S.)
Seven-thirty tonight at the Four Seasons.
We'll get it straight with Mayfield then.
ROBERT
(calming a little)
Good. Very good.
INT. ROBERT'S BEDROOM - LATER
Ellen stands tying Robert's TIE in front of a dressing mirror.
ROBERT
Is this too blue?
ELLEN
It's the third one you've tried.
She finishes tying it. He looks in the mirror.
ROBERT
Ay, yay yay. I look old.
ELLEN
You look regal, and wise, and granted
a little worried. What is going on?
Are you afraid of this meeting?
ROBERT
They haven't signed the papers.
ELLEN
I thought that's why you flew down there.
Goldenrod - 4.17.11 15.
ROBERT
(rubbing his eyes)
So did I, but for some reason
they're stalling. I didn't get any
sleep on the plane and...
ELLEN
Now come on. It will all work out.
Just follow the plan.
ROBERT
What plan is that?
ELLEN
"Confidence equals contract."
ROBERT
(LAUGHS)
You sound like a fortune cookie.
ELLEN
They're your words, actually.
ROBERT
Then you married an idiot.
ELLEN
(BEAT)
Okay, but I was thinking, idiot,
that, after the deal is done, which
it definitely will be, why don't we
just take off? Pete's in the best
place he's ever been, your daughter
is always as brilliant, right? So,
I wanna have some fun. I wanna have
fun with you!
He stares at her softly, but stays silent.
ELLEN (CONT'D)
Let's go to Ravello- the house there.
We haven't been there forever..
ROBERT
(GROWING UNCOMFORTABLE)
There hasn't been time.
ELLEN
We have to make time. We go for a
year. Let's take a year and get fat
and have fun and go on an adventure. I
mean-- seriously-- how much money do
we need?. Do you wanna be the richest
guy in the cemetery?
Goldenrod - 4.17.11 16.
He straightens his jacket, laughs.
ROBERT
I don't wanna be in the cemetery!
ELLEN
Oh, by the way, Mary called from St.
Victor's Hospital, again, she said they
still haven't gotten the check yet...
ROBERT
I'm taking care of it.
ELLEN
The gala is Friday. Should I be
selling my ring? What's going on?
ROBERT
I've had to move some things around
for the merger.
ELLEN
It's only two million.
ROBERT
(walks up to her, laughs)
Only two million?
ELLEN
(SMILES)
Yeah!
ROBERT
You remember-- Riccio's? Full meals...
two bucks... all you can eat... three
bucks...
ELLEN
I do remember. But I do not
remember you being so sentimental
unless you were trying to change
the subject.
A KNOCK at the door.
ROBERT
(as he heads out, smiling)
I don't know what you're talking
about...
Ellen slaps his behind.
Goldenrod - 4.17.11 17.
INT. MAYBACH - NIGHT
Robert and Gavin ride, both shuffling papers.
INT. FOUR SEASONS RESTAURANT - CONTINUOUS
Robert trails Gavin up the stairs as he types out a TEXT
MESSAGE to Julie: "Wrapping up mtg- be there soon."
The MAITRE'D spots Robert and greets him as he approaches.
MAITRE'D
Mr. Miller, good to see you, sir.
Your party has already arrived.
He leads Robert and Gavin into the
INT. POOL ROOM
Where we see Brooke and Peter seated with a group of
EXECUTIVES including AIMES (45), and BARNES (43).
Displeasure immediately registers on Robert's face.
ROBERT
(sotto, to Gavin)
Where the hell is Mayfield?
Gavin shakes his head. They approach the table.
BARNES
(as they sit)
Mr. Miller, thank you for coming.
We were just getting acquainted
with Brooke and Peter here.
ROBERT
(SMILING)
I hope they didn't beat you up
too much.
AIMES
They've been terrific.
PETER
Dad, we've been talking about operations.
Tim thinks once we consolidate we can save
about fifty percent on our back-office.
Robert phone VIBRATES. It's "Julie" calling. He silences it.
Goldenrod - 4.17.11 18.
ROBERT
I'd love to hear about that, but...
(A BEAT)
I had thought Mr. Mayfield planned to
join us tonight.
AIMES
(NODS)
Jim should be here in twenty minutes; he
suggested we get right into details.
BARNES
I was just telling Brooke: now that
we can market your quants' track
records, we have access to a host of
new capital that...
Robert drifts as the suits prattle on.
DISSOLVE TO:
INT. POOL ROOM - LATER
The execs are still chattering. Robert is sweating. Julie
calls again. Robert silences it again. Then he gets a text:
"9:40pm - FUCK YOU."
BARNES
...assuming we shed debt through some
small liquidations, I'd say...
ROBERT
I'm sorry, gentlemen, we've been here
nearly two hours now. Where is Mr.
Mayfield?
AIMES