Why I Am Leaving Goldman Sachs

[CAF Note: Goldman’s head of derivatives for Europe just happens to resign in the middle of the Greek CDS debacle and writes a big NY Times piece attacking Goldman on culture? What a coincidence! A bit of deflection, perhaps? We would love for him to write the truth of the Greek CDS situation.]

By Greg Smith

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.

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