Buddy Ackerman, an influential movie mogul, hires Guy, a naïve young writer, as his assistant. Guy, who had just graduated from film school, believes that his new job is a golden opportunity. Despite warnings from Rex, the outgoing assistant who has become hardened under Buddy's reign, Guy remains optimistic. Buddy turns out to be the boss from hell; he treats Guy like a slave, subjects him to sadisticverbal abuse, and has him bending over backward to do meaningless errands that go beyond just his work life. Guy is humiliated and forced to bear the brunt of his insults. Guy's only solace is his new girlfriend Dawn, a producer at Buddy's firm. When Buddy apparently fires Guy in a phone call, Guy finally snaps and takes Buddy hostage in order to exact revenge. He ties Buddy up and subjects him to severe beatings, torture and mind games. It is later revealed that due to a botched call waiting function on Buddy's home phone, Guy hears Buddy and Dawn arranging a rendezvous at Buddy's house. Once in Guy's power, Buddy reveals for the first time a human, vulnerable side. He tells Guy that his wife had been raped and murdered on Christmas Eve 12 years prior, and reveals that he, too, was once a bullied assistant to powerful, tyrannical men and spent a decade putting up with such abuse to become successful himself. He also reveals that abusing Guy was his way of teaching Guy that he must earn his success. Dawn arrives at the scene to find Guy aiming a gun at Buddy's face and insists that she had only agreed to see Buddy as a way of helping Guy's career. Dawn pleads with Guy to put down the gun, whereupon Buddy tells Guy that he has to pull the trigger in order to get ahead in the business. After a moment's indecision, Buddy screams at Guy to shoot, which Guy does. The climax of the film reveals that Guy killed Dawn, and was subsequently promoted. In the final scene, Guy coldly tells a former colleague to find out what he really wants and then do anything to get it, echoing the numerous times Buddy told Guy. The movie ends with a beaten up Buddy passing by Guy's office, making eye contact with him and silently gesturing to call him into his office for a meeting. Guy excuses himself and goes into Buddy's office, ignoring his ringing telephone. Buddy shuts his office doors as other employees walk by.
decided to write the script after having a conversation with Robert Rodriguez. Rodriguez was in Los Angeles after his film El Mariachi brought him to the attention of Sony Pictures, where he befriended Huang. Huang told Rodriguez of his frustrations with filmmaking when the director encouraged him to quit his post at Sony and pursue writing full-time so Huang could produce a script to direct himself. Huang's resultant script, "Reel Life", was picked up by Cineville executive Frank Evers, who brought in financing from independent investors, and significant production support from Sony Pictures Entertainment. The film was subsequently sold to Trimark Pictures. Cineville produced the film with Carl Colpaert, chairman of Cineville and Steve Alexander overseeing production. Although writer George Huang himself worked as an assistant for Barry Josephson, who was the Senior Vice President of Development at Sony Pictures at the time, some have suggested that Buddy's character was inspired by real life movie mogul Scott Rudin, while others suggest he is based on producer Joel Silver with Guy being based on Alan Schechter, Silver's assistant in the early 1990s. The director Buddy hires in the film, Foster Kane, is named after Orson Welles' character in the 1941 film Citizen Kane, Charles Foster Kane.
Reception
The film was met with positive reviews. At Rotten Tomatoes, Swimming with Sharks holds a score of 78% of positive reviews by critics, based on 36 reviews; the consensus states: "Swimming With Sharks is a smart, merciless Hollywood satire that's darkly hilarious and observant, thanks to Kevin Spacey's performance as ruthless studio mogul Buddy Ackerman." The film is recognized by American Film Institute in these lists: