This is making the round on the Internets today, so you may have seen it. If not, it is worth a read.
"To put the problem in the simplest terms, the interests of the client continue to be sidelined in the way the firm operates and thinks about making money. Goldman Sachs is one of the world’s largest and most important investment banks and it is too integral to global finance to continue to act this way. The firm has veered so far from the place I joined right out of college that I can no longer in good conscience say that I identify with what it stands for."
Of course, a rational reader will question the motivation of the author. He seems to have made his money at GS, only after which he decides to publicly air dirty laundry. Regardless, it is interesting.
You can find the entire article here.
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