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http://www.nytimes.com/2008/05/11/nyregion/nyregionspecial2/11playli.html?_r=2&partner=rssnyt&emc=rss&oref=slogin&oref=slogin

 

Theater Review (Copyright © The New York TImes)

 

Back From the ’80s, Eyeing Other People’s Money

By AILEEN JACOBSON

Published: May 11, 2008

Would Larry the Liquidator have been able to take over Yahoo?Skip to next paragraph

 

Anthony Caporale

 

MAN WITH PLAN Wilbur Edwin Henry, as Larry the Liquidator, trying to work his charms on Martha Byrne, as the lawyer Kate Sullivan, in the John W. Engeman Theater’s production of “Other People’s Money.”

 

 

 

Wondering how the go-go-’80s hero of “Other People’s Money” might behave in the 21st century is natural while watching a play that was the darling of Wall Street two decades ago. There’s plenty of opportunity to muse during the slow-moving first act of the production at the John W. Engeman Theater in Northport.

 

Fortunately, the play roars to life after intermission, generating the laughs and gasps that made it a megahit after it opened in February 1989 at the Minetta Lane Theater. It ran for 990 performances, spawning a national tour, myriad regional productions and a 1991 movie starring Danny DeVito.

 

Jerry Sterner’s examination of a Wall Street raider’s grab for an undervalued Rhode Island company — an unlikely topic for a popular entertainment — pleased genuine and would-be wizards of the financial world and prompted them to bring friends to the theater.

 

The play was always a bit didactic, providing definitions for poison pills, white knights, greenmail and other tactics that New England Wire and Cable, an old-fashioned concern, might use to fend off the advances of Larry, formally known as Lawrence Garfinkle. It also addresses weighty issues, most notably whether the needs of factory workers and their community should play a role in the decisions made by stockholders.

 

On the continuum between comedy and drama, Michael Licata, the director, initially seems to list toward the somber. Contributing to the first-act malaise during opening weekend, the actors’ timing seemed off on some jokes, allowing their sitcom flavor to poke through painfully. The play, however, also trades in clever wit — much of it raunchy — and looks into the hearts of people passionate about their work.

 

The narrator is William Coles, New England Wire and Cable’s second in command, who has been patiently waiting to run the company and is panicked by Garfinkle’s plans. The play’s most nuanced role, it is subtly portrayed by James DePaiva, known to soap opera fans from “One Life to Live.” Another soap star, Martha Byrne, a two-time Emmy winner on “As the World Turns,” moves sleekly through her part as the sexy, ambitious lawyer Kate Sullivan.

 

But the pivotal role belongs to Wilbur Edwin Henry as Garfinkle, a voracious shark who sees himself as a modern-day Robin Hood. “I steal from the rich and give to the middle class — well, the upper middle class,” he says. He has charm and shtick, both of which Mr. Henry delivers. What this Garfinkle lacks is a grimy edge that would make him simultaneously more repellent and more compelling.

 

In a major subplot, Garfinkle makes a play for Kate Sullivan, the lawyer. She has been drawn into the battle by her mother, Bea (Neva Rae Powers, outstanding in a quiet role), the adoring assistant to the Rhode Island firm’s chief, Andrew Jorgenson. Mitchell McGuire, who plays Jorgenson, comes into his own in a climactic scene in which he and Garfinkle address the shareholders in a fight for the life of the company.

 

The production is handsomely framed by Court Watson’s set, nicely lighted by Jen Schriever.

 

Could Garfinkle gobble up Yahoo? They don’t call him Larry the Liquidator for nothing.

 

“Other People’s Money,” by Jerry Sterner, is at the John W. Engeman Theater, 250 Main Street, Northport, through June 1. Information: (631) 261-2900 or www.engemantheater.com.