Why I am Leaving Goldman Sachs / Greg Smith
The author of this Op-Ed resigned as a Goldman Sachs executive director and head of the firm’s United States equity derivatives business in Europe, the Middle East and Africa. In this Op-Ed in the New York Times he explains his decision: the company no longer cares about clients and only cares about money. He asks in the article,
How did we get here? The firm changed the way it thought about leadership. Leadership used to be about ideas, setting an example and doing the right thing. Today, if you make enough money for the firm (and are not currently an ax murderer) you will be promoted into a position of influence.
See the full Article here:
Also see article from Bloomberg Businessweek on the fall out from the above Op-Ed, including limited response from Goldman Sachs: