WHY I LEFT GOLDMAN SACHS

GREG SMITH



Category : GENERAL KNOWLEDGE
Thematic category : Οικονομία,Πολιτική
Series : HISTORY-POLITICS
Issue Date : 24/10/2013
Pages : 376
Age : 18+
ISBN:978-618-01-0121-8
ISBN Ebook: 978-618-01-0122-5
Dimensions: 14 x 21 cm
Ebook format : ePUB

A few words

On March 14, 2012, more than three million people read Greg Smith's bombshell Op-Ed in the New York Times titled "Why I Am Leaving Goldman Sachs." The column immediately went viral, became a worldwide trending topic on Twitter, and drew passionate responses from former Fed chairman Paul Volcker, legendary General Electric CEO Jack Welch, and New York City mayor Mike Bloomberg. Mostly, though, it hit a nerve among the general public who question the role of Wall Street in society -- and the callous "take-the-money-and-run" mentality that brought the world economy to its knees a few short years ago. Smith now picks up where his Op-Ed left off. His story begins in the summer of 2000, when an idealistic 21-year-old arrives as an intern at Goldman Sachs and learns about the firm's Business Principle #1: Our clients' interests always come first. This remains Smith's mantra as he rises from intern to analyst to sales trader, with clients controlling assets of more than a trillion dollars. Smith describes in page-turning detail how the most storied investment bank on Wall Street went from taking iconic companies like Ford, Sears, and Microsoft public to becoming a "vampire squid" that referred to its clients as "muppets" and paid the government a record half-billion dollars to settle SEC charges. He shows the evolution of Wall Street into an industry riddled with conflicts of interest and a profit-at-all-costs mentality: a perfectly rigged game at the expense of the economy and the society at large. After conversations with nine Goldman Sachs partners over a twelve-month period proved fruitless, Smith came to believe that the only way the system would ever change was for an insider to finally speak out publicly. He walked away from his career and took matters into his own hands. This is his story.

περισσότερα

Related

1 opinions and readers reviews (in Greek)

  • photo ΣΤΑΥΡΟΥΛΑ ΧΑΡΑΛΑΜΠΙΔΟΥ


                       

    Και μόνο το όνομα της εταιρείας φέρνει στο μυαλό την παταγώδη αποτυχία του συστήματος μέσα στο οποίο ζούμε όλοι και ή αγωνιούμε για τη συνέχεια προσπαθώντας να κρατηθούμε ή γενικώς σφυρίζουμε αδιάφορα. Αν όλα αυτά που θα διαβάσουμε είναι αλήθεια θα πρέπει να βρούμε τρόπο να αντιδράσουμε με όποιο τρόπο μπορεί ο καθένας μας. Είμαι πραγματικά περίεργη για το τι έχει συμβεί.

    I like this!  0 Likes

More opinions >>

Tell us your opinion

All our readers' critics are forwarded - along with their e-mails - to our Greek authors and are published in our web pages, unless they are offending or insulting.

Rate it

Nickname

 Leave blank to allow your real name to appear on the comment.

Write your opinion

ΑΠΟΔΟΧΗ

Στο psichogios.gr χρησιμοποιούμε cookies για να διασφαλίσουμε την καλύτερη εμπειρία πλοήγησης. Θέλω να μάθω περισσότερα