Here's a quick thought about the open letter to Goldman Sachs written
by Greg Smith: http://www.nytimes.com/2012/03/14/opinion/why-i-am-leaving-goldman-sachs.html?_r=2&pagewanted=all
If you believed, as you wrote:
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.
It might sound surprising to a skeptical public, but culture was
always a vital part of Goldman Sachs’s success. It revolved around
teamwork, integrity, a spirit of humility, and always doing right by
I'd say you probably agreed by mutual decision to resign. They have
always been about making money. And for years, brokerage houses, not
just Goldman Sachs, have been accused by insiders of not operating in
the best interests of their customers. For example, consider stock
Everyone knows it happens.
Thanks for the open letter but nothing will change a Goldman Sachs.