Goldman exec quits, calling firm ‘toxic’

Source: CNNMoney


A resigning Goldman Sachs exec says the firm’s environment is “toxic” in a scathing op-ed piece in The New York Times.

NEW YORK (CNNMoney) — A Goldman Sachs executive has resigned in a very public manner — calling the firm “toxic” and disrespectful of its clients in a scathing op-ed piece published in Wednesday’s New York Times.

“I can honestly say that the environment now is as toxic and destructive as I have ever seen it,” wrote Greg Smith on his “last day at Goldman Sachs,” capping 12 years with Wall Street’s gilded firm.

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I am appaled to hear yet once again Golman Sachs make another negative press but is never held accountable.  We really need to look at the murky history of this firm and you may wonder how come so many of the firm’s executive are chosen for high profile government jobs!  No wonder the state of our economy is a mess!

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