Greg Smith: "Why I Am Leaving Goldman Sachs"

Submitted by Jochen Adler
in

Hi everybody,

my attention was drawn to this op-ed piece that just appeared in the New York Times: www.nytimes.com/2012/03/14/opinion/why-i-am-leaving-goldman-sachs.html
I'd be interested to hear your opinions.

One the one hand, I find it noble to care about corporate culture, especially with young professionals in mind. Also, doing what's best for your clients totally resonates with me. But -- Come on: Throwing a nuclear PR bomb on your former employer? Fingerpointing at the leaders? At times where it's extremely popular to go "bank-bashing"? His argument seems all too self-centric and complacent. He's no newbie, but an executive director: Couldn't he have worked harder on changing the course of the company from where he was -- from the inside, using power and influence?

My tendence: this is WRONG. Motivated by the right values, but exposing ill behavior.

What do you think?

Regards
Jochen

Submitted by Michael Alan on Thursday March 15th, 2012 10:45 am

This was a bad move.  If I could borrow a phrase from Mark "Galactically Stupid".   Good luck getting a lot of job offers when you just bashed your previous employer in a very public way.   Maybe someone will think hiring him will be a good customer relationship move, who knows.   I would be concerned not only that he might do the same thing again, but will he be a problem internally?    I would question his decision making also.

Submitted by Glenn Ross on Monday March 19th, 2012 9:09 am

You're looking at this purely from a manager's perspective.
Look at it from the customer's perspective.
Think about the ethics here.

Submitted by Rory Hodgson on Tuesday March 20th, 2012 6:10 am