Did you hear about Greg Smith, the very high-up guy at Goldman Sachs who not only resigned out of the blue yesterday, but resigned without telling anyone that an Op-Ed he wrote about why he left was about to be published in the New York Times fifteen minutes later? Can’t decide if this guy is a boss or a fool. No matter what, it puts some good attention on our financial institutions– whether or not Smith’s criticisms are correct, it’s clearly something worth talking about. Check out the original Op-Ed, Goldman Sachs’ response and some other articles on the whole shebang.
Smith’s Op-Ed: Why I Am Leaving Goldman Sachs
Internal memo from CEO Lloyd Bankstein: Goldman Sachs Response to Greg Smith’s Op-Ed
NYT dealbook: Public Rebuke of Culture at Goldman Opens Debate
A related issue: Wall Street’s Latest Campus Recruiting Crisis