GOLDMAN SACHS News, Mar 15, 2012

Goldman Sachs Hits Back Fox Business Current and former Goldman Sachs (GS) executives dispute claims in a New York Times editorial piece written by a former vice president, Greg Smith, that the culture at Wall Street's most powerful firm has eroded to the point where it is now “toxic and ... See all stories on this topic »

Goldman Sachs loses market value after searing Greg Smith essay Washington Post March 15 (Bloomberg) -- Goldman Sachs Group Inc. saw $2.15 billion of its market value wiped out after an employee assailed Chief Executive Officer Lloyd C. Blankfein's management and the firm's treatment of clients, sparking debate across Wall Street. See all stories on this topic »

Goldman Sachs executive's parting shots shock Wall Street Chicago Tribune Reporting from Los Angeles and New York— Goldman Sachs Group Inc.has weathered a lot of criticism over the years, but nothing like the broadside that hit it from inside. Related Exiting Goldman Sachs exec blasts firm's 'toxic,' greedy culture Exiting ... See all stories on this topic »

Goldman Sachs shares tumble New York Daily News By Rich Schapiro / NEW YORK DAILY NEWS Greg Smith resigned from Goldman Sachs in the form of an Op-Ed column in the NY Times. Goldman Sachs lost more than $2 billion after "low drama" exec Greg Smith thrust himself into the global spotlight Wednesday ... See all stories on this topic » New York Daily News

Dear Goldman Sachs: It's time to wake up CNNMoney Is Goldman's board willing to step up? FORTUNE -- Not every departing employee gets the chance to sound-off on a former employer in a New York Times op-ed, but Greg Smith, an executive who had worked at Goldman Sachs (GS) for 12 years,... See all stories on this topic » CNNMoney

Is Goldman Sachs filled with rogue tribes? CBS News (MoneyWatch) COMMENTARY Greg Smith, the Goldman Sachs(GS) executive who blasted the firm as he walked out the door, made some stunning allegations in The New York Times. If they're true, then Goldman Sachs contains many "rogue tribes," a term my ... See all stories on this topic » CBS News

'Why I'm Leaving Goldman Sachs' Letter Sparks Online Parodies ABC News (blog) A blistering New York Times op-ed about Goldman Sachs has inspired parodies all over the Internet, from an angry Darth Vader to “Mad Men's” favorite ad exec, Don Draper. The op-ed, written by former Goldman Sachs executive Greg Smith, ... See all stories on this topic » ABC News (blog)

Goldman banker always stuck to principles -former teacher Reuters By David Dolan and Pascal Fletcher | JOHANNESBURG, March 15 (Reuters) - Greg Smith was a principled and competitive student, the kind of person whose strong sense of right and wrong probably pushed him to resign from Goldman Sachs in a scathing letter ... See all stories on this topic »

Public Rebuke of Culture at Goldman Opens Debate New York Times Daniel Acker/Bloomberg NewsLloyd C. Blankfein, front, chief executive of Goldman Sachs, and Gary D. Cohn, its president. Until early Wednesday morning, Greg Smith was a largely anonymous 33-year-old midlevel executive at Goldman Sachs in London. See all stories on this topic » New York Times

Critique of Goldman Sachs questioned, applauded CBS News (CBS News) -- The uproar continues in the financial world over the very public resignation of a Goldman Sachs investment banker. Greg Smith's blistering farewell message - an op-ed in Wednesdays New York Times -- is being called "The Muppet Manifesto. See all stories on this topic »

Goldman's Dilemma is Another Name for Sustainability BusinessWeek By Eric Roston on March 15, 2012 Yesterday a London employee of Goldman Sachs penned a 1200-word opinion piece in the New York Times alleging that top managers in the company ridicule and take advantage of their clients. See all stories on this topic »

Goldman Sachs fights back against claims of 'toxic' environment Washington Post Goldman Sachs on Wednesday rebuffed claims made by a former company executive that the investment bank had morphed into a “toxic and destructive” environment where corporate greed trumped client interests. In an essay published in the New York Times, ... See all stories on this topic »

Goldman Executive's Letter Draws Backers, Detractors and Satirists New York Times By MICHAEL J. DE LA MERCED and ERIC OWLES The Daily Mash carried a parody of the Goldman letter, supposedly written by Darth Vader. If Greg Smith hoped to generate some buzz around his departure from Goldman Sachs, then he succeeded. See all stories on this topic » New York Times

Goldman op-ed sparks controversy msnbc.com CNBC's Becky Quick, NBC's Willie Geist and The New York Times' Charles Blow talk about the politics behind the Goldman Sachs Op-Ed. >>> anger and frustration over wall street and the government bailout of wall street sparked two mini revolutions in the ... See all stories on this topic »

Goldman Sachs execs rip 'Muppet Manifesto' (0:50) Washington Post 15, 2012 - Goldman Sachs executives responded to a blistering essay, written by a former executive who announced his resignation in the New York Times. Greg Smith claimed bank employees trampled on client interests in their pursuit of profits. See all stories on this topic »

South African Goldman banker always stuck to principles Reuters Smith then joined Goldman Sachs, a workplace he once loved but described in his resignation letter in the New York Times on Wednesday as having developed an environment "as toxic and destructive as I have ever seen it". "He was a remarkable young man, ... See all stories on this topic »

JPMorgan CEO warns staff on schadenfreude after Goldman resignation Reuters By Nishant Kumar and Lawrence White (Reuters) - JP Morgan CEO Jamie Dimon warned employees not to seek advantage from competitors' "alleged issues" after a former Goldman Sachs banker sparked a firestorm by charging that Goldman managing directors ... See all stories on this topic »

Did Greg Smith Commit Career Suicide? Forbes When Greg Smith decided to write a scathing op ed piece that ran in the New York Times yesterday, blasting his employer, Goldman Sachs, for sacrificing its clients' best interest in favor of maximum profits, he violated a cardinal rule of career ... See all stories on this topic »

JPMorgan staff told go easy on Goldman's Muppetgate Reuters ... (Reuters) - Investment bank JPMorgan tried to contain damage to Wall Street's reputation on Thursday by telling staff not to try to profit from rivalGoldman Sachs' embarrassment over a vitriolic resignation letter published in the New York Times. See all stories on this topic »

Poll: Would you work at Goldman Sachs? CNN (blog) Yesterday, former Goldman Sachs employee Greg Smith published a New York Times op-ed entitled Why I'm Leaving Goldman Sachs. He argued that, essentially, the company prided itself in ripping off its own clients. Here's a quote from Smith: The firm ... See all stories on this topic »

Two sides in Goldman Sachs problem Politico The biggest PR headache for the powerful Wall Street bankGoldman Sachs right now is likely Greg Smith, an insider who resigned Wednesday through a New York Times op-ed article, citing the investment firm's culture of immorality and cheating. See all stories on this topic » Politico

Goldman Sachs, roiled by 'Muppetgate,' loses $2 billion msnbc.com Traders work on the floor of the New York Stock Exchange near the Goldman Sachs post. By Roland Jones Question: What's the cost to a company of one disgruntled former employee? That's how much of the bank's market value was wiped out after one of its ... See all stories on this topic » msnbc.com

Goldman Sachs Judas blazes media path MarketWatch By Jon Friedman, MarketWatch NEW YORK (MarketWatch) — Greg Smith gained an overnight reputation as the Judas of Goldman Sachs by writing a scathing indictment of the investment bank. New York Knicks coach Mike D'Antoni resigned Wednesday afternoon ... See all stories on this topic »

Goldman's Muppet show Baltimore Sun The big news out of the island of Manhattan this week was the gripes of a resigning Goldman Sachs executive, the proverbial parting shot heard round the world. Instead of the usual poison pen letter to the boss or even a YouTube video posted on the ... See all stories on this topic »

Blogs find proof in Goldman op-ed Politico Liberal bloggers see vindication in a much talked-about op-ed in The New York Times by an ex-Goldman Sachs executive slamming his former employer, but they also expressed some skepticism over Greg Smith's motives for writing the scathing piece. See all stories on this topic » Politico

The Truth about Goldman Sachs By Wallace Turbeville Former Goldman Sachs employee Greg Smith wrote an op-ed in yesterday's New York Times that simmers with pathos. Smith describes the devolution of the culture at Goldman: Whereas in the past, the company worked in the interests of its ... The American Prospect

Goldman Sachs Op-Ed Unlikely To Affect Firm's Bottom Line By The Huffington Post News Editors For those wondering whether the bad press that has plagued Goldman Sachsin recent weeks is likely to affect the firm's bottom-line, industry insiders say probably not. The Huffington Post | Full News Feed

Bottom Line - Goldman Sachs resignation letter an Internet sensation By Patrick Rizzo Compared to the brief response Goldman Sachs had to the scathing resignation letter by Greg Smith in the New York Times Wednesday, the Internet has been positively ablaze with chatter, much of it humorous. Smith's letter, in which he ... Newsvine - Bottom Line - Articles

Mike Lux: Romney, Santorum and Goldman Sachs: Their Values Are ... By Mike Lux It is amazing we live in a culture that allows the wealthiest and most powerful companies in the country cheat their clients and the public at large with impunity, and that their closest political allies aren't held to account as well. The Full Feed from HuffingtonPost.com

RealClearPolitics - Why I Am Leaving Goldman Sachs By Greg Smith, New York Times 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 ... RealClearPolitics - Homepage

Colbert on Goldman Sachs Resignation | The Big Picture By Barry Ritholtz The Colbert Report Get More: Colbert Report Full Episodes,Political Humor & Satire Blog,Video Archive. The Big Picture

Goldman Sachs: Greed Is Good :: The Market Oracle :: Financial ... The op-ed entitled "Why I Am Leaving Goldman Sachs" blasting GS culture of greed was written by Gregg Smith, a Goldman Sachs executive director and head of the firm's United States equity derivatives business in Europe, the Middle East ... The Market Oracle

Laughing at Goldman Sachs - FishbowlNY By Chris O'Shea Laughing at Goldman Sachs. ... In case you missed it, Greg Smith wrote an op-ed about leaving Goldman Sachs in The New York Times yesterday that has been getting reaction since the moment it was published. In the piece, Smith laments ... FishbowlNY

Political Animal - Going Away Mad At Goldman Sachs By Ed Kilgore The big sensation today on Wall Street is a New York Times op-ed by a London-based executive director of Goldman Sachs announcing his resignation—and adding a few comments about the firm's ethical practices. Times' business reporter ... Political Animal

Executive Director of Goldman Sachs Resigns Over Parasitic ... By noreply@blogger.com (Mike Mish Shedlock) Mish's financial blog covers global news and macroeconomic events regarding the world economy. The blog's primary focus is inflation, deflation, and hyperinflation topics, especially currencies, gold, silver, crude, oil, energy and precious ... Mish's Global Economic Trend Analysis

Why I Am Leaving Goldman Sachs - NYTimes.com An executive resigns from his position over an integrity problem too big to ignore. www.nytimes.com/.../why-i-am-leaving-goldman-sachs.html

A Public Exit From Goldman Sachs Hits a Wounded Wall Street ... From Yahoo! Finance: An executive director of the brokerage firm brought new attention to the culture of Wall Street, which he decried in an open diatribe as one ... finance.yahoo.com/.../public-exit-goldman-sachs-hits-120705...

A Response from Goldman Sachs « Borowitz Report NEW YORK (The Borowitz Report) – The following letter to Goldman Sachs' worldwide clients was issued today by Goldman Sachs CEO Lloyd Blankfein:... www.borowitzreport.com/.../a-response-from-goldman-sachs/

Goldman Sachs responds to former exec - Mar. 14, 2012 Goldman Sachs CEO Lloyd Blankfein and COO Gary Cohn responded to Greg Smith's public resignation on Wednesday in a letter to the firm's employees. money.cnn.com/2012/03/14/markets/goldman.../index.htm

Goldman Sachs Banker Quits 'Toxic' Firm: Will Clients Flee Next ... In one of the most devastating resignation letters in the history of Wall Street, Greg Smith, an executive director for Goldman Sachs' equity derivatives business , ... business.time.com/.../goldman-sachs-banker-quits-toxic-firm-...

To Save Goldman Sachs, Lloyd Blankfein Must Go - Forbes Image by AFP via @daylife Greg Smith, an executive director at Goldman Sachs and one of the heads of its equity derivatives business, has written a ... www.forbes.com/.../to-save-goldman-sachs-lloyd-blankfein-m...

Ex-employees of Google, Goldman Sachs, and Yahoo have their say Ex-employees of Google, Goldman Sachs, and Yahoo have their sayMAR 14 2012. There seems to be something in the air. Within the last day or so, three... kottke.org/.../ex-employees-of-google-goldman-sachs-and-ya...

Goldman Sachs Executive Resigns Via Column In New York Times ... Greg Smith, a Goldman Sachs executive, has resigned in a rather unique way, he's written a very frank op-ed column in the New York Times, thereby fulfilling a ... consumerist.com/.../goldman-sachs-executive-resigns-via-colu...

Goldman Sachs Op-Ed Unlikely To Affect Firm's Bottom Line For those wondering whether the bad press that has plagued Goldman Sachsin recent weeks is likely to affect the firm's bottom-line, industry insiders say ... www.huffingtonpost.com/.../goldman-sachs-op-ed-new-york-t...

Goldman Sachs Mobilizes Rapid Smear Campaign Against ... Today, Goldman Sachs employee Greg Smith excoriated the investment bank in a New ... Goldman managers allegedly called customers “muppets,” and traders ... thinkprogress.org/.../financial-press-attacks-goldman-column/

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