Brantley Foster is a recent graduate of Kansas State University who moves to New York City, where he has accepted an entry-level job as a financier. Upon arriving, he discovers that the company for which he is supposed to work has been taken over by a rival corporation. As a result, Brantley is laid off before even starting work.
After several interviews for other jobs, he is unsuccessful due to over- or underqualification, or having no experience. Brantley ends up working in the mailroom of the Pemrose Corporation, directed by his “uncle” Howard Prescott, a distant relative he’s never met. Pemrose was founded by Howard’s father-in-law. Howard achieved the presidency by marrying his boss’s daughter, Vera Pemrose.
After inspecting company reports, Brantley realizes that Howard and most of his fellow “suits” (executives) are making pointless or damaging decisions. He notices an empty office in the building due to one of Howard’s frequent firings. Using his access to the mailroom and his understanding of the company, he creates and assumes the identity of Carlton Whitfield, a new executive.
While handling two jobs (switching between casual apparel and business suits in the elevator), Brantley sparks romantic interest from Christy Wills, a fellow financial wizard who recently graduated from Harvard. He meets Vera by driving her home in a company limo at his employer’s request. She persuades him to stay for a swim and seduces him before he realizes that she is his aunt.
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Seeing Howard arrive, Brantley and Vera realize they are related by marriage. She had seduced him out of revenge against her husband for having an affair with a woman at the office. Brantley changes as fast as he can and narrowly escapes the mansion without being spotted by Howard.
While both Christy and Brantley are moving out of their offices, they end up in the same elevator and reconcile, conceiving a revenge plan together with Vera. They raise enough cash, bonds, and stocks to take control of the Pemrose Corporation and, with the help of the financiers from the party, proceed with a hostile takeover bid of Davenport’s corporation.
Vera, already hating Howard for his inept business practices which were driving her father’s empire into the ground, tells the board about his affair with Christy. She promptly replaces him with Brantley, with Jean (Carlton’s secretary), Christy and Melrose (Brantley’s mailroom colleague) at his side to prevent the takeover and keep everyone’s jobs safe. While security guards escort Howard and Art from the Pemrose Building, Brantley and Christy start planning their future together, personal as well as professional.