Why I Am Leaving Goldman Sachs

March 15th, 2012

In an Op Ed in the New York Times, Greg Smith, Goldman Sachs executive director and head of the firm’s United States equity derivatives business in Europe, the Middle East and Africa, announced his resignation from what is arguably one of Wall Street's most venerable firm. The problem as Smith sees it: "... the interests of the client continue to be sidelined in the way the firm operates and thinks about making money." If Smith is right, psychopaths are not just next door as a recent book suggests, but concentrated in adjacent offices at the 143-year-old investment bank--and maybe other Wall Street firms as Ronald Schouten suggests in a response in the Harvard Business Review online.

Read Smith Op Ed in the New York Times.

Read Ronald Schouten's blog in Harvard Business Review.

Also see "Is Your Boss a Psychopath? in Fast Company.

Channel(s): Workplace Culture, Ethics