LOS ANGELES ~ Oliver Stone and Michael Douglas have signed on to direct and star in a sequel to Wall Street, the hit 1987 film charting corporate greed and excess, it was reported.

The Hollywood Reporter said Stone has now confirmed he will make the long-mooted follow-up, which will revolve around corporate raider Gordon Gekko, a role which earned Douglas a best actor Oscar.

Plot details about the new film are sketchy but previous reports have said the film would be set in the hedge fund era. Transformers star Shia LaBeouf will play a young worker trying to forge a career in finance.

Stone has a history for making provocative films and most recently directed W, the biopic about former President George W. Bush, and prior to that World Trade Center, about the September 11 attacks on New York.

Although Wall Street found only modest success at the box office when it first came out, it went on to find a cult following in the financial world, especially for Gekko’s quips such as “lunch is for wimps” and “greed is good.”