By

Jason McCormick /

MoneyWatch/ March 16, 2012, 7:15 AM

See ya: 4 employees who quit with a bang

It's not easy being mean: Ex-Goldman exec pens the "muppet manifesto"

Goldman Sachs exec resigns, takes parting shot

Former Goldman Sachs employee Greg Smith

In a blistering op-ed this week in The New York Times explaining why he was quitting Goldman Sachs (GS), derivatives trader Greg Smith said the investment bank focuses excessively on profits, not thinking about the welfare of it clients. "People who care only about making money will not sustain [Goldman] -- or the trust of its clients -- for very much longer," Smith writes, noting that senior executives at the firm commonly refer to customers as "muppets." So what else is new, some Wall Street critics ask? Still, the critique represents another public relations flap for a bank whose role in the financial crisis, along with that of other big banks, has made it an emblem of corporate corruption.

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JonathanTH says:
Doesn't everyone know that? Big hitter, the Dalai Lama
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contexttfreak says:
A looper is a caddy. The Himalayas reference comes from a line in Caddyshack.
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