Normally, you'd think that this is a Lady Gaga announcement about her new Foundation getting her Little Monsters going. Or Justin Bieber doing something Justin Bierber-ish. Or something.
Read more: http://technorati.com/business/article/goldmans-culture-when-making-money-isnt/#ixzz1pqo4xUaY
But no. This is Greg Smith's doing. Who's Greg Smith? You might well ask - because, until today, unless you knew who he was there was no way you'd know his name. Or need to. Or care.
Mr. Smith is - until tomorrow - an executive director of Goldman Sachs and head of their US equity derivatives business in Europe, Middle East and Asia.
Now, because he's written an Op-Ed piece for the NY Times taking the lid off of Goldman so that we can all see what he's been seeing - and what has led him to decide to resign - there's no stopping the commentary. For the business and finance types - and everybody who's still angry at all the banks and investment houses that caused the 2008 crash - he's the ultimate celebrity.
It's better than who the contestants are for this round of "Dancing with the Stars"... by a long shot.
In fact, as interesting as what Mr. Smith has to say - and he doesn't pull his punches - the reaction from within and outside Goldman is just as compelling.
First, let's start with what Mr. Smith wrote about his soon-to-be former employer. Then we'll take on what his well-written rant has wrought.
Integrity and Disillusionment
When Mr. Smith joined Goldman twelve years ago, it was an organization that respected its clients. Now, not so much. In fact, from what he describes, not at all.
Read more: http://technorati.com/business/article/goldmans-culture-when-making-money-isnt/#ixzz1pqo9bfMg
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