[Read.GHHn] Why I Left Goldman Sachs A Wall Street Story

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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.From the shenanigans of his summer internship during the technology bubble to Las Vegas hot tubs and the excesses of the real estate boom; from the career lifeline he received from an NFL Hall of Famer during the bear market to the day Warren Buffett came to save Goldman Sachs from extinction-Smith will take the reader on his personal journey through the firm, and bring us inside the world's most powerful bank.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. Michael Lewis: Did Goldman Sachs Overstep in Criminally With Sergey Aleynikov in prison for lifting computer code from Goldman Sachs Michael Lewis convenes a private jury to determine what he actually did wrong WikiLeaks releases transcripts of Clinton Goldman Sachs WikiLeaks released Saturday what appear to be transcripts of Hillary Clinton's three paid speeches to financial heavyweight Goldman Sachs The People vs Goldman Sachs - Rolling Stone The People vs Goldman Sachs A Senate committee has laid out the evidence Now the Justice Department should bring criminal charges Obama White House 'Full of Wall Street Executives A conservative group exaggerates the number of Wall Street executives in the Obama White House In a major TV ad buy the American Future Fund lists 27 people 2017 As Goldman Sachs Sees It: What Keeps Wall Street Up With 2016 still fresh in most investors minds and questions about 2017 pressing here is a summary courtesy of Goldmans Allison Nathan of where Goldman Why I Am Leaving Goldman Sachs - The New York Times Today many of these leaders display a Goldman Sachs culture quotient of exactly zero percent I attend derivatives sales meetings where not one single News about Politics in America & the World - Rolling Stone Check out Rolling Stone's latest political news and features covering today's hottest political topics and Matt Taibbi's take Goldman Sachs - SourceWatch Goldman Sachs founded in 1869 promotes itself as a leading global investment banking securities and investment management firm that provides a wide My secret to my success on Wall Street-commentary - CNBC I was a sophomore at the University of Texas at Austin when I saw a poster that read: " Make $10000 for the summer with an internship on Wall Street" For a young Goldman Sachs Group Inc - MarketWatch Goldman Sachs Group Inc stock price stock quotes and financial overviews from MarketWatch
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