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Combad57	Ungodly Work		Lead	[-]
Posts: 6738 March 14, 2012 8:59 AM	Tags : None Remove this ad Goldman's golden boy, Greg Smith quits and burns bridges. He's hardly the typical disgruntled employee who is claiming unfairness in promotions. He's been about as successful in the corporate game playing as anybody could hope to be. Of course, GS spokesmen will deny the charges enumerated in his resignation but those very charges are absolutely consistent with their behavior in the financial debacle of 2008. http://www.vanityfair.com/online/daily/2012/03/Greg-Smith-Goldman-Sachs-Golden-Boy-Quits-in-emTimesem-Op-Ed An act of conscience by a corporate one time predator is pretty damned refreshing. Obviously he's got plenty of FU cash to speak his mind, but at GS, the mind is left behind and corporate kool-aid normally takes its place. It' call the corporate culture and is regarded as a religious tenet. So at least one guy broke ranks and told it like it is/was. Internal profit trumps client care and responsibility. There's your culture.
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Rudd Gregory		#1	[url]	[-]
Posts: 3370 March 14, 2012 10:03 AM	I guess Smith hates freedom. That's quite a way to give your employer two weeks notice. Nice op-ed piece. We should hear more about these culture wars.
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Ol Badger		#2	[url]	[-]
Posts: 23762 March 14, 2012 12:07 PM On hiatus	I read this over lunch, thinking of you the whole time, Combad. It's an incredible indictment. If I were a GS client I'd be thinking long and hard about whether I'm also a muppet. These ARE the good old days!
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BW3		#3	[url]	[-]
Posts: 219 March 14, 2012 12:38 PM	"Internal profit trumps client care and responsibility" That applies with equal force to many in other professions as well. It's an open secret in the legal field. Can't count how many times I heard derogatory remarks about clients, not to mention the grotesque profiteering that passes for "zealous representation".
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Combad57		#4	[url]	[-]
Posts: 6738 March 14, 2012 4:07 PM	Ol Badger wrote: I read this over lunch, thinking of you the whole time, Combad. It's an incredible indictment. If I were a GS client I'd be thinking long and hard about whether I'm also a muppet. Absolutely. The problem is, where else to go. Bain Capital? No matter who it is, they enter the picture not as enablers, but principles. Despite his former company's scorn, I have a feeling that Greg Smith is about to sleep more soundly.
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yanked		#5	[url]	[-]
Posts: 17388 March 14, 2012 6:03 PM	GS is certainly better than the government that has us $15 trillion in debt with 25,000,000 unemployed or underemployed. Its not as though unions, attorneys, CPA's, gas stations, grocery stores or welfare recipients aren't out there looking at their own best interests. This country operates much better when banks lend and make wads of cash, this country is fucked the minute the government gets its fingers into the mix. I rather like Goldman Sachs, Walmart, Apple, Microsoft and Exxon Mobil....I like all businesses, every one, that makes this country go around. I don't like whiny little pissants that are stupid and bitter. As I suspected, progressives have a Koch Fetish.
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KegStand81		#6	[url]	[-]
Posts: 5479 March 14, 2012 6:41 PM	How is screwing people over and misleading them a prerequisite for "making the world go 'round"? This is like defending baseball's reserve clause by saying that the owners couldn't stage games without it. "We can't allow free agency! All the teams will go bankrupt!" Horseshit. Edited 1 time by KegStand81 March 14, 2012 6:46 PM.
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yanked		#7	[url]	[-]
Posts: 17388 March 14, 2012 6:48 PM	KegStand81 wrote: How is screwing people over and misleading them a prerequisite for "making the world go 'round"? This is like defending baseball's reserve clause by saying that the owners couldn't stage games without it. "We can't allow free agency! All the teams will go bankrupt!" Horseshit. Do attorneys mislead? Do car dealers mislead? Do bankers mislead? Do coaches mislead? Do teachers mislead? Do priests mislead? Do spouses mislead? Does Obama mislead? Does walker mislead? Do parents mislead? What the fuck planet do you live on? Don't be such a fucking Sally all the time. As I suspected, progressives have a Koch Fetish.
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Ol Badger		#8	[url]	[-]
Posts: 23762 March 14, 2012 7:12 PM On hiatus	yanked wrote: Do attorneys mislead? Do car dealers mislead? Do bankers mislead? Do coaches mislead? Do teachers mislead? Do priests mislead? Do spouses mislead? Does Obama mislead? Does walker mislead? Do parents mislead? What the fuck planet do you live on? Don't be such a fucking Sally all the time. So, then, we can assume that you cheat your lawn care customers? Maybe at Christmas you might give each of them a muppet, just so they understand their role in the economy. I think this one is most appropriate: These ARE the good old days!
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yanked		#9	[url]	[-]
Posts: 17388 March 14, 2012 8:38 PM	Remove this ad Ol Badger wrote: yanked wrote: Do attorneys mislead? Do car dealers mislead? Do bankers mislead? Do coaches mislead? Do teachers mislead? Do priests mislead? Do spouses mislead? Does Obama mislead? Does walker mislead? Do parents mislead? What the fuck planet do you live on? Don't be such a fucking Sally all the time. So, then, we can assume that you cheat your lawn care customers? Maybe at Christmas you might give each of them a muppet, just so they understand their role in the economy. I think this one is most appropriate: It doesn't make them a muppet. Hell, are the rich muppets because government misleads the poor only to bilk tax revenue from the rich? The rich are victimized no more or less than anyone else...its just that they can afford it. That doesn't change the fact that everyone is misleading everyone. Jesus OB, you're a liberal that has spent a lot of time massaging data for the government - I won't even ask the level to which you use data to create your own set of facts, its human nature to do so. Take inequality, you and I both know your data is intentionally misleading but you (by you, I mean public policy types) use the misleading data to hopefully bilk money from other people. This is what you guys do, mislead. You shouldn't take offense to it, I believe that you believe in your cause....the question is, can you admit to misleading people to take money from others??? The political left is no different than Goldman Sach's, they believe in their cause enough to mislead people into taking from other people. Its really that simple, everyone, always, everywhere....working an angle for their own personal interest. As I suspected, progressives have a Koch Fetish. Edited 1 time by yanked March 14, 2012 9:36 PM.
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KegStand81		#10	[url]	[-]
Posts: 5479 March 14, 2012 8:55 PM	yanked wrote: The rich are victimized no more or less than anyone else
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yanked		#11	[url]	[-]
Posts: 17388 March 14, 2012 9:03 PM	KegStand81 wrote: yanked wrote: The rich are victimized no more or less than anyone else I 100% agree. I don't feel sorry for the rich or the poor. Now if liberals/progressives would shut the fuck up there would be no issues in our country. Unfortunately, it seems that they have yet to run out of bad ideas...... As I suspected, progressives have a Koch Fetish.
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Combad57		#12	[url]	[-]
Posts: 6738 March 15, 2012 7:36 AM	GS bonuses show up in March. Coincidental? I kind of doubt it. After all, the guy did spend 12 years at Goldman so it just added to his fuck you money. Of course the guy will be trashed for taking the extra cash as Olberman did. There are some things (lots of things) that Olberman doesn't know jack shit about. This is one of them.
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zoobadger		#13	[url]	[-]
Posts: 2152 March 15, 2012 8:59 AM	Somewhat unrelated but I heard on the radio the other day that when Greece wanted to join the EU they hired none other than GS to massage their books to make them look palatable to the French and German overlords. Is there no end to their nefarious reach! :;
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Combad57		#14	[url]	[-]
Posts: 6738 March 16, 2012 3:37 PM	It's not just Goldman. http://vodpod.com/watch/5...no-wall-street-handcuffs Goddammit write your congressman. These bastards are ruining this country. http://www.nytimes.com/20...r-face-justice.html?_r=1
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KegStand81		#15	[url]	[-]
Posts: 5479 March 16, 2012 3:47 PM	Combad57 wrote: GS bonuses show up in March. Coincidental? I kind of doubt it. After all, the guy did spend 12 years at Goldman so it just added to his fuck you money. Of course the guy will be trashed for taking the extra cash as Olberman did. There are some things (lots of things) that Olberman doesn't know jack shit about. This is one of them. Anyone who wouldn't wait until their bonus check cleared before quitting a job is completely insane.
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Strange Brew eh.brewersfandemonium		#16	[url]	[-]
Posts: 13 March 16, 2012 10:32 PM	Yawn. He just found religion. Meh. More likely he got to fuck you money and quit. http://www.thereformedbro...out-publishing-an-op-ed/ 2. The "culture" of Goldman Sachs was, is and always will be about making money, often at the expense of a client. Do you even know where the term "wirehouse" originally came from? Let me help you out with that. In the 1920's, there was no CNBC or internet - there was only news delivered by wire and cable, stock market news and prices included. The "wirehouse" firms like Goldman would transmit stock and bond prices to their far-flung offices around the country from Wall Street where the action was taking place. it is a peculiar and yet telling fact of history that during the Crash of 1929, not a single major Wall Street brokerage firm went under. Wanna know why? Because when the sell-off began, they dumped all their holdings prior to wiring the news out to the rest of the investing public and their clientele across the country. Sound familiar, motherfucker? THAT is your firm's culture, going back a hundred and fifty years. Why anybody believes these guys is beyond me.
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Ol Badger		#17	[url]	[-]
Posts: 23762 March 16, 2012 10:46 PM On hiatus	Strange Brew eh wrote: Yawn. He just found religion. Meh. More likely he got to fuck you money and quit. I read yesterday that his quitting will cost him a lot of money because the company will prevent him from exercising sizable stock options. These ARE the good old days!
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BigAppleBucky	GS should limit it's business to large corporations	#18	[url]	[-]
Posts: 10767 March 17, 2012 7:13 AM	Remove this ad Remember when teachers, public employees, Unions, Planned Parenthood, Acorn, NPR and PBS crashed the stock market, wiped out half of our 401Ks, took trillions in TARP money, spilled oil in the Gulf of Mexico, gave themselves billions in bonuses, and paid no taxes? * * * Me neither.
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