Wednesday, March 14, 2012

A very unusual dumping on Goldman Sachs by a departing top director
Tom Smith

This suggests Goldman really has lost its way.

"A knee in the nuts."

https://rightcoast.typepad.com/rightcoast/2012/03/a-very-unusual-dumping-on-goldman-sachs-by-a-departing-top-director-tom-smith.html

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Comments

Yes, I'm sure everyone at Goldman was highly moral and above-board back in the halcyon days when John Corzine was a honcho there.

Mr. Smith apparently started working at Goldman in 2000, not the 1950s. Does anyone seriously believe that the ethical level at Goldman was that much higher in 2000 than it is today? As others have pointed out, maybe the lofty Mr. Smith, if he's serious, should return all the bonuses he's received since the TARP bailouts.

Posted by: djf | Mar 14, 2012 11:32:35 PM

Does this guy need to ever work anywhere again? He sure slagged his former employer big time, and that has to give any potential new employer some pause to think.

I don't know, it may be like he's leaving the SS and saying they're a bunch of Nazis isn't going to cause later problems...but, wow, that was a solid slagging pile he dumped on them.

Posted by: krm | Mar 15, 2012 12:11:46 PM

Even if there is a great deal of phoniness in the op-ed, the reason there has been so much fallout is the insider is confirming what we all suspected was true. As for Mr. Smith tatling on his employer, Goldman can hardly expect loyalty from its workers when it has an up-or-out system and consciously encourages short term ruthlessness.

Posted by: molly | Mar 19, 2012 7:11:02 AM