Greed is good.

It might be a Hollywood motto but it’s also a legendary line from Oliver Stone’s seminal 80’s corporate thriller, Wall Street. The film helped make the movie careers of Michael Douglas and Charlie Sheen (to mixed success); it defined an era and influenced pretty much every film since that has involved money, stocks, shares and corruption by big business – a prime example being 2000’s Bolier Room with Vin Diesel and Ben Affleck.

Now it looks like Douglas’s Gordon Gecko is set to return to the bigscreen in Wall Street 2.  However this time his protege won’t be bad boy Charlie Sheen but rather Transformers: Revenge of The Fallen star (and up and coming Indiana Jones Jr.), Shia LaBeouf.

LaBeouf’s crack team of entertainment gurus are currently negotiating with 20th Century Fox for the young actor to join the Wall Street sequel, which will again be helmed by director Oliver Stone. Douglas will also return for the sequel, reprising the role that won him his second Oscar (his first is for producing One Flew Over The Cukoo’s Nest).

The original Wall Street starred Douglas as greedy investment banker who takes a young Charlie Sheen under his wing and shows him the ways of 1980’s Yuppie-dom (google it). Allan Loeb will pen the script for the sequel – odd considering that the original film was written by Stone who was inspired by his own father’s career in the stock exchange.

Michael Douglas will be seeing green again in Wall Street 2

Wall Street 2 will also reflect the current economic crisis, which has helped the film gain new momentum on the Fox backlot, ever since it was announced (and stalled) a few years ago.

In my eyes Douglas is one of the few leading men in Hollywood with a clean record sheet. His starring roles are all worth watching – including his lesser efforts – and LaBeouf is on the verge of big things. He may actually be over the verge and already be a full blown leading man, once Transformers: Revenge of The Fallen hits theaters.

Douglas will next be seen opposite Matthew McConaughey and Jennifer Garner in The Ghosts of Girlfriends Past.

More on Wall Street 2 when we get it. It’s expected to be released in 2010.

Source: Variety