Browsing: Goldman Sachs

On March 14 Greg Smith publicly resigned as executive director of Goldman Sachs. In an
opinion piece that ran in the New York Times, Smith detailed his reasons for leaving the
investing giant, citing a decline in the company’s culture. According to Smith, when he began working for Goldman Sachs immediately after college, the company prided itself on camaraderie among team members and caring for clients. Since then, Smith says, the global leader has shifted to a profit-driven model and employed investors who demean their clients and manipulate sales. In protest, Smith has chosen to leave Goldman Sachs and very publicly let people know why.