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Why I Am Leaving Goldman Sachs

 
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BCBG25



Joined: 23 Sep 2004
Posts: 20112
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PostPosted: 03/14/12 10:50 am    ::: Why I Am Leaving Goldman Sachs Reply Reply with quote
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TODAY is my last day at Goldman Sachs. After almost 12 years at the firm — first as a summer intern while at Stanford, then in New York for 10 years, and now in London — I believe I have worked here long enough to understand the trajectory of its culture, its people and its identity. And I can honestly say that the environment now is as toxic and destructive as I have ever seen it.

To put the problem in the simplest terms, the interests of the client continue to be sidelined in the way the firm operates and thinks about making money.


I don't know why this should be news to anyone, but coming from an insider, it's pretty damning.

http://www.nytimes.com/2012/03/14/opinion/why-i-am-leaving-goldman-sachs.html?pagewanted=1&_r=4&hp



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Admiral_Needa



Joined: 23 Sep 2004
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PostPosted: 03/14/12 11:12 am    ::: Reply Reply with quote
I bet somebody just saw Jerry Maguire on Netflix... Razz





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norwester



Joined: 14 Jun 2006
Posts: 6367
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PostPosted: 03/14/12 11:37 am    ::: Reply Reply with quote
It's a problem with our (the?) economic system over all: it's not sustainable. Companies aren't seen as successful if their profits don't continually grow, and at some point, that has to be the only focus in order to make that happen.



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