Dayhoff Westminster Soundtrack: Catherine Rampell – New York Times: Making Sure Your Exit Music Is Loud and Clear

Friday, March 23, 2012

Catherine Rampell – New York Times: Making Sure Your Exit Music Is Loud and Clear – Greg Smith’s exit from Goldman Sachs

http://www.nytimes.com/2012/03/18/business/greg-smith-goldman-sachs-and-the-history-of-loud-exits.html?_r=1&src=recg

Over the years, Hollywood has offered many examples of employees who’ve made dramatic exits from jobs or situations. Clockwise from top left are Jennifer Aniston as a waitress in the 1999 film “Office Space”; Tom Cruise in “Jerry Maguire” (1996)”; Edward Norton in “Fight Club” (1999); and Anne Hathaway, shown with Meryl Streep, who was playing her imperious boss, in “The Devil Wears Prada” (2006).

By CATHERINE RAMPELL

Published: March 17, 2012

WE’VE all dreamed about it at one time or another — that exquisite moment when we finally muster the courage to tell the boss what we really think.

For Greg Smith, that moment arrived last Wednesday.

As the world now knows, Mr. Smith is the young man who made one of the most spectacular exits Wall Street has ever seen. He resigned from Goldman Sachs — but he didn’t stop there. He also wrote an Op-Ed article in The New York Times, in which he contended that the culture inside Goldman was “toxic.” The bank, he said, routinely took advantage of its clients. (Goldman vigorously disagreed.)

To some, Mr. Smith was a hero — not quite Norma Rae, granted, but close enough for post-bailout Wall Street. After all, he stood up to the mighty Goldman, the Street’s version of The Man.

Public Exit From Goldman Raises Doubt Over a New Ethic (March 15, 2012)

http://kevindayhoff.blogspot.com/2012/03/when-vampire-squids-become-cannibals-by.html

When Vampire Squids Become Cannibals – by Kevin Dayhoff – The Tentacle March 21, 2012

March 21, 2012

When Vampire Squids Become Cannibals

Kevin E. Dayhoff http://www.thetentacle.com/author.cfm?MyAuthor=41

"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

Labels: 2007 2008 Subprime Mort Crisis qv Bus, Bus Econ 2007 The Great Recession, Bus Econ 2009 Econ Stimulus, Bus Econ Goldman Sachs, History 2009 Yr in Review, Journalists Taibbi Matt, Vampire Squid, Bus Econ 2012, Bus Econ Ethics and morality,

Labels: Bus Econ 2012, Bus Econ Ethics and morality, Bus Econ Goldman Sachs, Erratum Ethics and morality, Media Huffington Post, Vampire Squid

http://kevindayhoff.blogspot.com/2012/03/july-9-2009-matt-taibbi-rolling-stone.html

http://kevindayhoff.blogspot.com/2012/03/kristi-hedges-huffington-post-guess.html

When Vampire Squids Become Cannibals – by Kevin Dayhoff – The Tentacle March 21, 2012

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