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A deeply disturbed photographer and Vietnam veteran, named Kirk Smith, terrorizes Los Angeles by going around strangling lingerie-clad young women in their homes while taunting Lindsay Gale, a young psychologist, by calling her on a radio call-in show to describe his sexual hang-ups and misogynistic ways, while a local police detective, Lt. McCable, is always two steps behind in trying to catch the psycho.

When Waring Hudsucker, head of hugely successful Hudsucker Industries, commits suicide, his board of directors, led by Sidney Mussberger, comes up with a brilliant plan to make a lot of money: appoint a moron to run the company. When the stock falls low enough, Sidney and friends can buy it up for pennies on the dollar, take over the company, and restore its fortunes. They choose idealistic Norville Barnes, who just started in the mail room. Norville is whacky enough to drive any company to ruin, but soon, tough reporter Amy Archer smells a rat and begins an undercover investigation of Hudsucker Industries.