Tuesday, March 20, 2012

Former Goldman Sachs Partner Decries Firm’s ‘Commerical Animals,’ Admits It Duped Customers

Former Goldman Sachs Partner Decries Firm’s ‘Commerical Animals,’ Admits It Duped Customers: pFormer Goldman Sachs manager Greg Smith set Wall Street on fire last week when he used an editorial in the New York Times to announce his resignation and blasted the firm’s “toxic and destructive” culture that led traders to mislead customers in an ever-present quest for profits. The reaction from Wall Street was predictable — [...]/p