I Get By With Alittle Help From My Friends....

Dinar Outcast


You are not connected. Please login or register

Goldman Banker Quits In Disgust, Blasts Firm For “Ripping Off” Clients

View previous topic View next topic Go down  Message [Page 1 of 1]

Panhead

avatar
Admin
Goldman Banker Quits In Disgust, Blasts Firm For “Ripping Off” Clients
[link to finance.yahoo.com]

A senior executive at the firm, Greg Smith, quit today in spectacular fashion, announcing his resignation in a scathing New York Times editorial in which he accused the firm of gleefully "ripping off" its clients and succumbing to short-term greed.

Within today's Goldman Sachs, Smith says, senior bankers often refer to the firm's clients as "muppets."

The firm has lost the culture of integrity, teamwork, and humility that once made it great, Smith says, and instead has become a place that is "as toxic and destructive as I have ever seen it."

"It makes me ill how callously people [in the firm] talk about ripping their clients off," Smith continues... "Leadership [at the firm] 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."

gente

avatar
Next headline: Greg Smith of Goldman-Sachs, died today of natural causes at age 35...

Panhead

avatar
Admin
wow.....natural death at 35?.......riiiiiiiight.

gente

avatar
I was just joking...I meant, that's probably what we will see next..sorry

Sponsored content


View previous topic View next topic Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum