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Author Topic: Culture at Goldman Sachs  (Read 2008 times)

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Offline Undecided

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Culture at Goldman Sachs
« on: March 17, 2012, 09:13:19 am »
"Why I am Leaving Goldman Sachs"
Quote
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.

The opinion this guy has about the culture in Goldman Sachs today mirrors what I've heard from the finance-oriented people I know. Maybe people think it's obvious that there are lots of scummy bankers, but having evidence is nice.
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Offline DiscoBerry

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Re: Culture at Goldman Sachs
« Reply #1 on: March 17, 2012, 02:05:51 pm »
Quote from: Undecided on March 17, 2012, 09:13:19 am
"Why I am Leaving Goldman Sachs"
Quote
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.

The opinion this guy has about the culture in Goldman Sachs today mirrors what I've heard from the finance-oriented people I know. Maybe people think it's obvious that there are lots of scummy bankers, but having evidence is nice.

  Not to be snobby but tell me something I didn't know, humans are greedy. 
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Offline armandtanzarian

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Re: Culture at Goldman Sachs
« Reply #2 on: March 17, 2012, 02:18:08 pm »
Yeah, considering I'm in the banking sector, my response has been "what the fuck did you expect"?

The only thing I would probably care about as an investment bank is, "Do my clients think I'm giving them the best return they can possibly have"? Show me a survey of whether the editorial has negatively impacted that statistic.
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Offline Old Viking

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Re: Culture at Goldman Sachs
« Reply #3 on: March 17, 2012, 05:27:59 pm »
Unscrupulous financiers? What next, dishonest politicians?
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Offline largeham

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Re: Culture at Goldman Sachs
« Reply #4 on: March 17, 2012, 07:15:13 pm »
Wow, who would've guessed?
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Re: Culture at Goldman Sachs
« Reply #5 on: March 21, 2012, 12:29:01 am »
Found this. I'm sure many posters will appreciate it, especially Nickiknack. Although, to be honest, I felt the story could work better with other references, but it still made me laugh.
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