March 14th was Greg Smith’s last day as an executive director at the privately-held and intensely private investment bank Goldman Sachs. Smith announced his resignation not behind closed doors but via a scathing op-ed in the New York Times in which he called his former workplace “toxic and destructive.” He went on to describe an environment where bankers called their clients “muppets” and were rewarded for duping them. When he warned that “people who care only about making money will not sustain this firm—or the trust of its clients—for very much longer,” it was as though he had set off a bomb in the firm’s global headquarters in downtown Manhattan. Goldman CEO Lloyd Blankfein went on the offensive by calling Smith “disgruntled” and released Smith’s internal reviews when his book “Why I Left Goldman Sachs,” was published in November 2012. Although in the end the misdeeds Smith exposed were hardly illegal, he succeeded in putting the machinations of Wall Street back in the spotlight.
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Top 10 Opinions
- 10. ‘Apologies to the Parents I Judged Four Years Ago’ by Kara Gebhart Uhl
- 9. ‘Guilty As Charged’ by Dan Cathy, president Chick-fil-A
- 8. ‘Let Detroit Go Bankrupt’ by Mitt Romney
- 7. ‘Facts, 360 BC – AD 2012’ by Rex W. Huppke
- 6. ‘Why Women Still Can’t Have It All’ by Anne-Marie Slaughter
- 5. ‘A Girl’s Courage Challenges Us To Act’ by Laura Bush
- 4. ‘I Was Right About That Strange Jobs Report’ by Jack Welch
- 3. ‘Give Women The Power To Determine Their Future’ by Melinda Gates
- 2. ‘Why I Am Leaving Goldman Sachs’ by Greg Smith
- 1. ‘You’re Not Special’ by David McCullough Jr.