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The Bonfire of the Vanities is a 1987 novel by Tom Wolfe.The story is a drama about ambition, racism, social class, politics, and greed in 1980s New York City, and centers on three main characters: WASP bond trader Sherman McCoy, Jewish assistant district attorney Larry Kramer, and British expatriate journalist Peter Fallow.
The producers balked at meeting his price and signed Alan Arkin instead for a modest $150,000. Arkin was then replaced by Morgan Freeman when the studio decided to change the judge's ethnicity from Jewish to African American in order to respond to criticism of the film's racial politics, and dialogue was added to have the judge denounce the ...