Bangalore: Noticing that the investment bank's culture is little more than a deadly heat of greed that bears little resemblance to its once illustrious past. Goldman Sachs executive Greg Smith, who served as head of the firm's U.S. equity derivatives business in Europe, quits the job on 14^th March after 12 years with the Wall Street icon. Reports “The New York Times.”

According to David Scepp of ‘Aol Jobs’, Greg mentions in his infamous op-ed piece in the “New York Times” that his departure is being motivated by the shift in the leadership style that no longer places clients' interests ahead of the firm's.

He holds current CEO Lloyd Blankfein and President Gary Cohn responsible for losing hold of the organization’s once cherished culture that valued clients' interest above all else and supported to make Goldman Sachs the world's premier investment bank.

"[T]he interests of the client continue to be sidelined in the way the firm operates and thinks about making money." Greg writes. "I truly believe that this decline in the firm's moral fiber represents the single most serious threat to its long-run survival."

Mocking Goldman internally, Greg says today the Investment bank does not place little concern in the needs of its customers. Further, he mentions “I knew it was time to leave when I realized I could no longer look students in the eye and tell them what a great place this was to work."

Meanwhile, lots of Goldman employees are weighing on Greg’s actions and what it's like to work at the firm after the executive’s blunt disapproval of the way the Investment bank is running its business in the recent days.