W&W Wealth Management

Culture of "Cheating Clients" - US Goldman Sachs again….

martinwo
Publish date: Thu, 15 Mar 2012, 01:15 PM

This post is about a whistleblower and how Goldman Sachs cheats clients.

By GREG SMITH
Published: March 14, 2012

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 ….

Click here to read the rest of the article…

http://www.nytimes.com/2012/03/14/opinion/why-i-am-leaving-goldman-sachs.html?_r=2&hp=&pagewanted=all

 

Also read US Goldman Sach on the following event in respond to Greg Smith’s letter.

http://blogs.wsj.com/dealjournalaustralia/2012/03/15/goldman-memo-we-were-disappointed-to-read-assertions/

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