GOLDMAN FIRES BACK IN TOTALLY PREDICTABLE FASHION: DISCREDIT, DISCOUNT, BELITTLE, MARGINALIZE SMITH IN EVERY WAY POSSIBLE
JOSH BROWN'S PERSPECTIVE: THIS HAS BEEN GOING ON FOR 150 YEARS
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.
----Greg Smith, former Goldman star
Read the whole thing.
It's good to see a big-time, successful money man with a conscience who's willing to walk away from it all and take whatever hit he must to live by his own standards of decency. Money ain't everything. In fact, it's not anything when it's obtained in disrespectful, devious ways.
This is only the tip of the iceberg of what goes on in these big New York investment banks that are rampant with greed and money grubbing at any and all costs. How refreshing that a whistle blower exists at Goldman. I'm sure there will be lots of opportunities ahead for Smith.
H/T
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Wednesday, March 14, 2012
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