Affirming Firm Is Morally Bankrupt, Goldman Sachs Exec Quits
According, to The Times' DealBook website, several former Goldman employees -- mostly anonymous -- that agreed and disagreed with Greg’s comments.
An unnamed analyst who left the investment firm last year says that Smith is simply supporting recent criticism that the Wall Street is too greedy. "I think blaming the top alone is unfair. It's largely conjecture, but I think Lloyd and Gary care very much about the firm, its people and its culture."He says.
Another, comment poured in from a former Goldman trader who also left the firm last year, he said that he was "shocked" by Smith comments but also agreed with him. "[Smith] has some really good points, and a lot of people feel this way. It's been like that for a while, but this is the year people are realizing things are structurally different," as quoted by the The Times ' DealBook website.
"He's the functional equivalent of a VP at Goldman, far from an 'executive,' so [referring to him as an executive] was misleading," said another former Goldman employee.
One of the source claimed "I guess what I'm saying is that if Greg Smith had his eyes truly open, he would have had the same issues six years ago as he had last week,"
As reported by the Reuters, the investment firm is not standing still in the face of Greg's recent criticism .CEO Lloyd and President Gary said in a statement to the employees "We were disappointed to read the assertions made by this individual that do not reflect our values, our culture and how the vast majority of people at Goldman Sachs think about the firm and the work it does on behalf of our clients.” "In a company of our size, it is not shocking that some people could feel disgruntled," they added.