NYTimes Op-Ed: Why I Am Leaving Goldman Sachs

lcjjdnh · 03-14-2012, 11:07 AM

This will be zinging around the Internet. To channel Bill Simmons, he took a page out of Dylan McCay's book: "May the bridges I burn light the way!"

Why I Am Leaving Goldman Sachs - NYTimes.com

Quote:

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. Goldman Sachs is one of the world’s largest and most important investment banks and it is too integral to global finance to continue to act this way. The firm has veered so far from the place I joined right out of college that I can no longer in good conscience say that I identify with what it stands for.

Ksyrup · 03-14-2012, 11:13 AM

John Walters ‏ @jdubs88
If there is a Humblebrag Hall of Fame, Greg Smith's op-ed piece should be engraved floor-to-ceiling in entryway.

Logan · 03-14-2012, 11:18 AM

No shit. Is he giving back all the millions he's made doing everything that he lists as the reasons he's leaving? And puffing himself up with his accomplishments in the process.

Unfortunately everything he wrote is completely accurate in my own experience.

bigdawg2003 · 03-14-2012, 11:18 AM

Quote:

Originally Posted by Ksyrup

John Walters ‏ @jdubs88
If there is a Humblebrag Hall of Fame, Greg Smith's op-ed piece should be engraved floor-to-ceiling in entryway.

+1

SirFozzie · 03-14-2012, 11:39 AM

quote from a law-school guy I know: "I wonder how many plantiff's attorneys got into car accidents racing to the courthuse to depose him."

Ksyrup · 03-14-2012, 12:46 PM

Why I left Google

James Whittaker

http://blogs.msdn.com/b/jw_on_tech/a...ft-google.aspx

Maple Leafs · 03-14-2012, 02:08 PM

Short version: When I was young I was dumb enough to think that companies actually believed their internal mission statements about helping customers, but then I got older.

bob · 03-14-2012, 02:35 PM

Quote:

Originally Posted by Maple Leafs

Short version: When I was young I was dumb enough to think that companies actually believed their internal mission statements about helping customers, but then I got older.

I would modify this to: When I was young I was dumb enough to think that companies actually believed their internal mission statements about helping customers, but then I got rich enough that it was easy for me to walk away and point the finger at others.

digamma · 03-14-2012, 02:35 PM

Shorter version: I got laid off because there isn't as much money for derivatives sales, and I'm pissed.

molson · 03-14-2012, 02:37 PM

I'm guessing he saw the writing on the wall that he'd be out soon.

wishbone · 03-14-2012, 03:05 PM

I AM THE ONLY ONE WHO UNDERSTANDS ANYTHING! WILL SOMEONE PLEASE LOOK AT ME!!

Shut up. If you don't like your job, fine, but don't try to make yourself a celebrity by quitting

Crapshoot · 03-14-2012, 03:37 PM

- basically my reaction to the entire piece.

Maple Leafs · 03-14-2012, 03:42 PM

Why I am joining Goldman Sachs - ComPost - The Washington Post

PilotMan · 03-16-2012, 07:54 AM

Jerry. Maguire.

I finally read the editorial and that was my first thought. lol.

sterlingice · 03-16-2012, 08:21 AM

I haven't looked yet but has the smear campaign started? It's easy to let the words speak for themselves and us make judgements on the merits ("yeah, right on" or "hypocrite" or "naive fool") but I'm waiting for the slime machine to catch up with him. Have we found out that he molests puppies or has it been leaked how badly he screwed the blind nuns' charity yet? Because you know that's the next step in all this

SI

Ksyrup · 03-16-2012, 08:40 AM

He's been syphoning money from the local orphaned kids ping pong club.

JediKooter · 03-16-2012, 11:35 AM

Good thing those kids aren't midgets, or I'd really be pissed.

fantom1979 · 03-16-2012, 11:59 AM

They were midgets!!!!!! That guy is an a-hole. Someone get me a rope.

JediKooter · 03-16-2012, 12:00 PM

Oh I am going to go nuclear on that dude.

JonInMiddleGA · 03-16-2012, 12:10 PM

Quote:

Originally Posted by sterlingice

Because you know that's the next step in all this

To be honest, that's what I figured when I saw the thread had bumped.

I will, however, say that I'd imagine it's no worse than 50-50 than no "smear" is necessary, the easiest way to hang most people is with the truth.

03-14-2012, 11:13 AM	#2
Ksyrup This guy has posted so much, his fingers are about to fall off. Join Date: Nov 2000 Location: In Absentia	John Walters ‏ @jdubs88 If there is a Humblebrag Hall of Fame, Greg Smith's op-ed piece should be engraved floor-to-ceiling in entryway. __________________ M's pitcher Miguel Batista: "Now, I feel like I've had everything. I've talked pitching with Sandy Koufax, had Kenny G play for me. Maybe if I could have an interview with God, then I'd be served. I'd be complete."

03-14-2012, 11:39 AM	#5
SirFozzie Hall Of Famer Join Date: Nov 2000 Location: The State of Insanity	quote from a law-school guy I know: "I wonder how many plantiff's attorneys got into car accidents racing to the courthuse to depose him." __________________ Check out Foz's New Video Game Site, An 8-bit Mind in an 8GB world! http://an8bitmind.com

03-14-2012, 12:46 PM	#6
Ksyrup This guy has posted so much, his fingers are about to fall off. Join Date: Nov 2000 Location: In Absentia	Why I left Google James Whittaker http://blogs.msdn.com/b/jw_on_tech/a...ft-google.aspx __________________ M's pitcher Miguel Batista: "Now, I feel like I've had everything. I've talked pitching with Sandy Koufax, had Kenny G play for me. Maybe if I could have an interview with God, then I'd be served. I'd be complete." Last edited by Ksyrup : 03-14-2012 at 12:47 PM.

03-14-2012, 02:08 PM	#7
Maple Leafs Coordinator Join Date: Jan 2002	Short version: When I was young I was dumb enough to think that companies actually believed their internal mission statements about helping customers, but then I got older. __________________ Down Goes Brown: Toronto Maple Leafs Humor and Analysis

03-14-2012, 03:37 PM	#12
Crapshoot Grizzled Veteran Join Date: Dec 2003	- basically my reaction to the entire piece. Last edited by Crapshoot : 03-14-2012 at 03:37 PM.

03-14-2012, 11:18 AM	#3
Logan Head Coach Join Date: Oct 2000 Location: NYC	No shit. Is he giving back all the millions he's made doing everything that he lists as the reasons he's leaving? And puffing himself up with his accomplishments in the process. Unfortunately everything he wrote is completely accurate in my own experience.

03-14-2012, 02:35 PM	#9
digamma Torchbearer Join Date: Sep 2001 Location: On Lake Harriet	Shorter version: I got laid off because there isn't as much money for derivatives sales, and I'm pissed.

03-14-2012, 02:37 PM	#10
molson General Manager Join Date: Oct 2002 Location: The Mountains	I'm guessing he saw the writing on the wall that he'd be out soon.

03-14-2012, 03:05 PM	#11
wishbone High School JV Join Date: Jan 2002 Location: Hillsboro OR	I AM THE ONLY ONE WHO UNDERSTANDS ANYTHING! WILL SOMEONE PLEASE LOOK AT ME!! Shut up. If you don't like your job, fine, but don't try to make yourself a celebrity by quitting

03-14-2012, 03:42 PM	#13
Maple Leafs Coordinator Join Date: Jan 2002	Why I am joining Goldman Sachs - ComPost - The Washington Post __________________ Down Goes Brown: Toronto Maple Leafs Humor and Analysis

03-16-2012, 07:54 AM	#14
PilotMan Head Coach Join Date: Oct 2002 Location: Seven miles up	Jerry. Maguire. I finally read the editorial and that was my first thought. lol. __________________ He's just like if Snow White was competitive, horny, and capable of beating the shit out of anyone that called her Pops. Like Steam? Join the FOFC Steam group here: http://steamcommunity.com/groups/FOFConSteam

03-16-2012, 08:21 AM	#15
sterlingice Hall Of Famer Join Date: Apr 2002 Location: Back in Houston!	I haven't looked yet but has the smear campaign started? It's easy to let the words speak for themselves and us make judgements on the merits ("yeah, right on" or "hypocrite" or "naive fool") but I'm waiting for the slime machine to catch up with him. Have we found out that he molests puppies or has it been leaked how badly he screwed the blind nuns' charity yet? Because you know that's the next step in all this SI __________________ Houston Hippopotami, III.3: 20th Anniversary Thread - All former HT players are encouraged to check it out! Janos: "Only America could produce an imbecile of your caliber!" Freakazoid: "That's because we make lots of things better than other people!"

03-16-2012, 08:40 AM	#16
Ksyrup This guy has posted so much, his fingers are about to fall off. Join Date: Nov 2000 Location: In Absentia	He's been syphoning money from the local orphaned kids ping pong club. __________________ M's pitcher Miguel Batista: "Now, I feel like I've had everything. I've talked pitching with Sandy Koufax, had Kenny G play for me. Maybe if I could have an interview with God, then I'd be served. I'd be complete."

03-16-2012, 11:35 AM	#17
JediKooter Coordinator Join Date: Dec 2004 Location: San Diego via Sausalito via San Jose via San Diego	Good thing those kids aren't midgets, or I'd really be pissed. __________________ I'm no longer a Chargers fan, they are dead to me Coming this summer to a movie theater near you: The Adventures of Jedikooter: Part 4

03-16-2012, 11:59 AM	#18
fantom1979 College Benchwarmer Join Date: Apr 2008 Location: Sterling Heights, Mi	They were midgets!!!!!! That guy is an a-hole. Someone get me a rope.

03-16-2012, 12:00 PM	#19
JediKooter Coordinator Join Date: Dec 2004 Location: San Diego via Sausalito via San Jose via San Diego	Oh I am going to go nuclear on that dude. __________________ I'm no longer a Chargers fan, they are dead to me Coming this summer to a movie theater near you: The Adventures of Jedikooter: Part 4

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