Investment Initiatives » 2012 » March

03.21.12

Why Investment Bankers Still Have to be Honest: Behind the Goldman Sachs Kerfuffle

Posted in Blog at 12:38 pm

Last week the internet and major news media were both abuzz with the public denunciation (in the pages of the New York Times) of Goldman Sachs in an "I quit!!" letter by a mid-level executive.  The Goldman employee, named Greg Smith, who worked in London selling derivatives to hedge fund clients, charged that the firm's culture had changed dramatically for the worse in the twelve years he worked there, that many of its employees regarded its clients as suckers, or in the British parlance, "muppets," Read more [...]