Top Goldman executive quits over culture of 'toxic' greed

Top Goldman executive quits over culture of 'toxic' greed
The Telegraph
A senior Goldman Sachs executive has attacked a "toxic" and "destructive" culture at the leading investment bank that is increasingly focused on making money from clients, in an article in the New York Times.

Greg Smith, who is resigning today as a Goldman Sachs executive director and head of its US equity derivatives business in Europe, the Middle East and Africa after 12 years, wrote:
"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."

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Comment by 2ndSkiesForex on March 14, 2012 at 1:09pm

Whoa!  Didn't think such a person existed at Goldman.

Finally, someone from the inside speaking out about GS and how toxic they are for the entire world.

Thanks for sharing.

Kind Regards

Chris 

Comment by 2ndSkiesForex on March 14, 2012 at 2:26pm

Here's another interesting take on that article;

http://www.thedailymash.co.uk/news/society/why-i-am-leaving-the-emp... 

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