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Why Greg Smith left Goldman Sachs

Sunday, October 21, 2012

WN.com - Business News
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Why Greg Smith left Goldman Sachs
Oct 22nd 2012, 06:37

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. Goldman Sachs denies Smith's allegations about deceiving clients. The bank says it took his concerns seriously, thoroughly investigated them, and...

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