Why Greg Smith Left Goldman Sachs (Former Goldman Sachs VP New Book Released Monday)

[Hissyspit]

Source: Associated Press

WHY GREG SMITH LEFT GOLDMAN SACHS
By CHRISTINA REXRODE
— Oct. 22 12:54 AM EDT

Greg Smith wrote the essay that echoed across Wall Street like a thunderclap.

Smith was a vice president at Goldman Sachs until March. He announced his departure from the investment bank with a blistering editorial in The New York Times, accusing Goldman of routinely deceiving clients and relentlessly pursuing profit at the expense of morality.

And he struck a nerve. The essay went viral in the financial world and beyond. Smith was praised for uncloaking corruption that was crying out to be addressed, and also derided as a disgruntled employee.

- snip -

Smith's book, "Why I Left Goldman Sachs," is being released Monday. It's a window into a company that is notoriously tight-lipped, with stories about a swaggering place where interns arise for 5 a.m. meetings and business trips mean slapping down $150 for one person's dinner.


Read more: http://bigstory.ap.org/article/why-greg-smith-left-goldman-sachs#overlay-context=article/obama-take-campaign-tonight-show-wednesday

[flamingdem]

1. Sounds like it lacks real dirt

darn..

[ProfessionalLeftist]

2. "relentlessly pursuing profit at the expense of morality."

It's the name of the game these days. Just ask Mitt Romney.

[banned from Kos]

3. Smith was on 60 Minutes last night with some financial law guru

from California.

The latter said Smith had nothing on Goldman.