New York Times Greg Smith: Why I Am Leaving Goldman Sachs
OP-ED CONTRIBUTOR
Why I Am Leaving Goldman Sachs
By GREG SMITH
March 14, 2012
TODAY is my last day at Goldman Sachs. After almost 12 years
at the firm — first as a summer intern while at Stanford, then in New York for
10 years, and now in London — I believe I have worked here long enough to
understand the trajectory of its culture, its people and its identity. And I
can honestly say that the environment now is as toxic and destructive as I have
ever seen it.
To put the problem in the simplest terms, the interests of
the client continue to be sidelined in the way the firm operates and thinks
about making money. Goldman Sachs is one of the world’s largest and most
important investment banks and it is too integral to global finance to continue
to act this way. The firm has veered so far from the place I joined right out
of college that I can no longer in good conscience say that I identify with
what it stands for… http://www.nytimes.com/2012/03/14/opinion/why-i-am-leaving-goldman-sachs.html?_r=1&pagewanted=all&src=ISMR_AP_LO_MST_FB
Related
Times Topic: Goldman
Sachs Group Inc.
A
Public Exit From Goldman Sachs Hits at a Wounded Wall Street (March 15,
2012)
"Leadership used to be about ideas, setting an example
and doing the right thing. Today, if you make enough money for the firm (and
are not currently an ax murderer) you will be promoted into a position of
influence." …http://www.huffingtonpost.com/wendell-potter/goldman-sachs-greg-smith_b_1362755.html?ref=politics&ir=Politics
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