Departing Goldman banker slams "rip-off" culture LONDON/NEW YORK (Reuters) - Goldman Sachs faced an unprecedented assault from one of its own on Wednesday after a banker published a withering resignation letter in the New York Times, calling the Wall Street titan a "toxic" place where managing directors referred to their own clients as "muppets." It was the latest blow for the investment bank. The company -- dubbed a "great vampire squid" in a ... Greg Smith: Goldman Sachs executive walks out saying 'toxic bank is morally bankrupt' In a deeply embarrassing blow to the controversial investment bank, London-based manager Greg Smith said he was quitting after 12 years because he could no longer work there 'in good conscience'. Goldman Sachs exec resigns and takes aim at bank - says colleagues called clients 'muppets' By Christina Rexrode, The Associated Press NEW YORK, N.Y. - Goldman Sachs, arguably the most storied investment bank on Wall Street, has been compared to a money-sucking vampire squid and called the evil ... Goldman's defined contribution head departs The head of the defined contribution business at Goldman Sachs Group Inc has left the firm. A Goldman spokeswoman confirmed that Bill McDermott, who was head of the defined contribution business at Goldman ... Goldman Sachs exec quits, says bank treated customers as 'muppets' Greg Smith, an executive director at the bank, resigned with a blistering public essay in the New York Times that accused the bank of losing its "moral fiber" and putting profits ahead of customers' interests. Goldman Sachs exec resigns with blistering farewell, says firm losing 'moral fiber' The high-profile hit on venerable investment bank grips the Web Muppet manifesto: Blistering exit for Goldman exec Goldman Sachs, arguably the most storied investment bank on Wall Street, has been compared to a money-sucking vampire squid and called the evil empire of finance. On Wednesday, it got a black eye from ... Goldman Sachs In Trouble Following Op-Ed in New York Times? Maybe Not For those wondering whether the bad press that has plagued Goldman Sachs in recent weeks is likely to affect the firm's bottom-line, industry insiders say probably not. Goldman Sachs exec resigns, goes public Goldman Sachs, arguably the most storied investment bank on Wall Street, has been compared to a money-sucking vampire squid and called the evil empire of finance. On Wednesday, it got a black eye from one of its own. Goldman memo: response to NYT op-ed piece The following is an internal memo to Goldman Sachs employees from chief executive Lloyd Blankfein and chief operating officer Gary Cohn.
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References:
http://www.thedailybeast.com/articles/2012/03/14/goldman-sachs-executive-quits-in-a-new-york-times-piece-did-he-just-realize-what-goldman-does.html
http://online.wsj.com/article/SB10001424052702304692804577281252012689294.html?mod=rss_whats_news_us
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