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Why I'm Leaving Goldman Sachs
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Date: March 14th, 2012 12:47 PM Author: exciting fantasy-prone hissy fit http://www.nytimes.com/2012/03/14/opinion/why-i-am-leaving-goldman-sachs.html?ref=global-home
seems like there are a lot of truths in here that indubitably apply to not just Goldman Sachs but the entire professional service industry (banking, law, consulting).
but, and maybe it's just me, it seems like this bro is heavily self-promoting with this op ed. it reads as half scathing criticism and half resume piece. i'd bet $10,000 that he's starting a boutique advisory firm, not just retiring to golf or an unrelated business - this guy is baiting new clients. |
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Date: March 14th, 2012 12:48 PM Author: Fighting Stage "i'd bet $10,000..."
hai willard! |
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Date: March 14th, 2012 12:53 PM Author: exciting fantasy-prone hissy fit how many periods are in your moniker? 9? 10? that's great. congratulations. thanks for poasting. (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20203645) |
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Date: March 14th, 2012 3:05 PM Author: bonkers private investor meow (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20204470) |
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Date: March 14th, 2012 1:01 PM Author: brass business firm It's definitely an ad for this dude personally, though I have no doubt that what he says about GS is true. (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20203691) |
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Date: March 14th, 2012 1:09 PM Author: poppy sanctuary toilet seat He seemed content enough ripping people off for over a decade. (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20203759) |
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Date: March 14th, 2012 1:12 PM Author: Cerebral citrine dilemma sex offender Yup. He could be pissed off he was passed over for promotion or pissed off he didn't make a bonus. could be anything really. (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20203786) |
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Date: March 14th, 2012 4:06 PM Author: Jet-lagged School Cafeteria Faggotry (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20205718) |
Date: March 14th, 2012 1:13 PM Author: Overrated khaki jap resort LOL, Gordon Gekko finds a conscience (and a robust speaker fee) decrying capitalism.
Standard, "I'm reformed against self-interest, now pay me huge sums of money as a speaker/tell-all book, etc etc."
Expect him to make the rounds as speaker or to write a book decrying the evils of GS. I'm assuming he couldn't get team lead and finally came up with a better scam.
Also, I like how he harkens back to a mythical golden age. Truth is, they had the biggest losses in 29, because they were involved in highly speculative trading then, they've been involved in IPOs since Sears, they lost big on their highly speculative bond market in 94. Oh, and they underwrote nearly every bubble tech IPO.
Let's not kid ourselves, it's been a den of sharks with no moral conscience for well over a century. |
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Date: March 14th, 2012 2:14 PM Author: Frum cruise ship queen of the night Except that none of his complaints had much to do with trading or underwriting. They were all about how GS practices institutional sales, which may well have changed. (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20204166) |
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Date: March 14th, 2012 1:21 PM Author: Doobsian rambunctious laser beams hell The dipshit was in S&T. Of course his interests were not aligned with his clients. He wasn't on an advisory desk. (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20203858) |
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Date: March 14th, 2012 1:25 PM Author: Stirring associate public bath i think his point is that goldman used to try to do what is best for their clients, whereas now they do whatever they can to make money. you dont have to be on an advisory desk to see that sort of change taking place. (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20203897) |
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Date: March 14th, 2012 1:29 PM Author: poppy sanctuary toilet seat That's total bullshit. In Liar's Poker, Michael Lewis talks about how the firm had a large block of some shitty stock or bond or derivative product that the firm was pressuring the sales traders to dump on one of their clients, and how everyone sucked his dick when he got one of their big institutional clients to take it. That is what these guys do. (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20203911) |
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Date: March 14th, 2012 1:30 PM Author: Stirring associate public bath there are a lot of people on wall street bro. i buy that things have gotten much worse over time, even though i do think it's always been a problematic business. (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20203917) |
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Date: March 14th, 2012 1:31 PM Author: fragrant spot Except as Lewis says, when these firms went public, they lost what little scruple and accountability they had. (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20203923) |
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Date: March 14th, 2012 1:33 PM Author: poppy sanctuary toilet seat Publicly traded entities are people too, friend. (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20203937) |
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Date: March 14th, 2012 7:08 PM Author: Jet-lagged School Cafeteria Faggotry (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20208256) |
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Date: March 14th, 2012 1:34 PM Author: Doobsian rambunctious laser beams hell He's full of shit. Traders have always been traders. Dude is probably just pissed that he didn't make the cut from ED to MD. It's obvious from his piece that he's mostly pissed that bigger producers got bigger bonuses than an honorable team player like he did. (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20203942) |
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Date: March 14th, 2012 1:36 PM Author: poppy sanctuary toilet seat He's MAF about ABS mastermen coppin' dem top bonuses. (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20203951) |
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Date: March 14th, 2012 2:07 PM Author: Overrated khaki jap resort . . .
GS - also behind tech bubble and bond market crash. |
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Date: March 14th, 2012 4:12 PM Author: Doobsian rambunctious laser beams hell GS was barely a player in the MBS market. Stop taking everything Matt Taibi writes as gospel. (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20205743) |
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Date: March 14th, 2012 4:47 PM Author: deep antidepressant drug nowag how do they make money in S+T? (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20206703) |
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Date: March 14th, 2012 1:33 PM Author: Talented coldplay fan Greetings, lol at this guy just copping dat mad men why i'm quitting tobacco essay |
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Date: March 14th, 2012 1:41 PM Author: brass business firm (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20203982) |
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Date: March 14th, 2012 4:58 PM Author: Big shimmering hairy legs gunner lol (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20206748) |
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Date: March 14th, 2012 1:39 PM Author: Magenta Startling Locus Goldman Sachs is full of douches? WHAT A SHOCK! (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20203973) |
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Date: March 14th, 2012 2:08 PM Author: Overrated khaki jap resort (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20204126) |
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Date: March 14th, 2012 2:12 PM Author: very tactful double fault heaven lol this Jerry Maguire bullshit is annoying. He knew what the game was. Now he'll start his own investment company or write a book or both. (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20204155) |
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Date: March 14th, 2012 2:18 PM Author: Underhanded trip nursing home isn't that what publicly traded companies are supposed to do (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20204200) |
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Date: March 14th, 2012 2:21 PM Author: vigorous avocado stage corn cake I don't think you guys are fully grasping the implications of the willingness to screw over clients. If you are willing to screw over clients, no one is sacred. You don't care about anything but the bottom line and will do whatever is in your means to make money. And with the revolving door between Washington and Goldman Sach's offices, they have a lot of means. Read All the Devils are Here and Confidence Men if you haven't already. (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20204217) |
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Date: March 14th, 2012 4:14 PM Author: Doobsian rambunctious laser beams hell I think your problem is viewing S&T counterparties as "clients". (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20205749) |
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Date: March 14th, 2012 4:24 PM Author: Lascivious angry roommate He's not talking about counterparties here bro, he's talking about clients on whose behalf trades are executed. Those parties are most certainly clients. (They pay commissions to GS to make trades for them and to receive advice on what trades they should or shouldn't make.) (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20205799) |
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Date: March 14th, 2012 4:29 PM Author: Doobsian rambunctious laser beams hell Not sure how you can divine that when he's talking about running the S&T analyst training program and going to sales meetings. He is cleraly not talking about an advisory role and if that's what he is interested in, he should've moved to another desk at the bank or a bank that wants that kind of shitty lower margin work. In any event, the "clients" know if they're trading opposite GS and should not expect GS to be trading out of the goodness of its heart. |
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Date: March 14th, 2012 4:40 PM Author: Lascivious angry roommate Are you fucking stupid? Except in exceptionally rare circumstances (i.e. Abacus), clients are not trading opposite the investment banks that solicit their sales/trading business. Do you know anything about S&T? (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20206669) |
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Date: March 14th, 2012 5:02 PM Author: Doobsian rambunctious laser beams hell You're the one who is implying they are doing so. My point is that the people he seems to think they're ripping off are not their "clients" for that very reason. And if he wants to switch over to the GSAM side of the house, I'm sure they'd be happy to take him, since he claims to have such strong ties with large hedge funds and SWF's. On those rare occasions an advisory client is trading against the advisor, they know and have to consent to it. |
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Date: March 14th, 2012 10:32 PM Author: Doobsian rambunctious laser beams hell Oh by the way, seems that other burned out Golmanites agree with me -- http://www.cnn.com/2012/03/14/opinion/levine-goldman-sachs/index.html?hpt=hp_c2 (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20210355) |
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Date: March 14th, 2012 4:46 PM Author: deep antidepressant drug nowag 120 (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20206699) |
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Date: March 14th, 2012 7:20 PM Author: Multi-colored Irate Degenerate Base you're right.
his essay is serious. the traders shouldn't be calling their clients "muppets." |
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Date: March 14th, 2012 3:00 PM Author: Soul-stirring fuchsia hall My proudest moments in life — getting a full scholarship to go from South Africa to Stanford University, being selected as a Rhodes Scholar national finalist, winning a bronze medal for table tennis at the Maccabiah Games in Israel, known as the Jewish Olympics — have all come through hard work, with no shortcuts. Goldman Sachs today has become too much about shortcuts and not enough about achievement. It just doesn’t feel right to me anymore.
OH WHAT A COVER LETTER! |
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Date: March 14th, 2012 3:55 PM Author: chrome sneaky criminal partner IMPOSSIBLE IS NOTHING (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20205650) |
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Date: March 14th, 2012 10:24 PM Author: seedy glittery library ratface 180 reference. (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20210301) |
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Date: March 14th, 2012 7:07 PM Author: Tantric azn bawdyhouse the entire section between —'s could have been left out just fine if this weren't an open cover letter
also... Jewish Olympics? |
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Date: March 14th, 2012 7:23 PM Author: brindle idea he suggested fanboi lol at still bragging about the rhodes finalist status. stfu (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20208356) |
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Date: March 15th, 2012 8:35 AM Author: violent brilliant theater stage holy god in heaven what a fucking douche (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20212194) |
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Date: March 14th, 2012 3:51 PM Author: galvanic yarmulke crotch what a butthold. I hope he goes and works for some non-profit only to find out that they rip people off just as badly.
I bet it was hard for him to only mention Stanford twice. |
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Date: March 14th, 2012 7:10 PM Author: comical dog poop "I bet it was hard for him to only mention Stanford twice."
true of all alums. |
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Date: March 14th, 2012 4:12 PM Author: vigorous avocado stage corn cake And this is why you write a soft-batch oped to the NYT after you quit instead of blow the whistle when you know you are ripping off clients http://www.zerohedge.com/news/guest-post-how-does-finra-lose-8-hours-testimony-wall-street%E2%80%99s-%E2%80%9Ckangaroo-court%E2%80%9D (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20205738) |
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Date: March 14th, 2012 7:10 PM Author: Tantric azn bawdyhouse he probably assumed employers would be throwing themselves at him after such an impressive oped about his stellar resume and moral scruples (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20208266) |
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Date: March 14th, 2012 4:33 PM Author: puce corner death wish replace Goldman Sachs with Microsoft, General Electric, McKinsey, Procter & Gamble, and Exxon Mobil - the premise of the article would be the exact same.
truth is, this is the reality of the situation, and in our post post post-modern world, you'll always have 99% of your staff thinking and feeling like this, and maybe 1% of your staff actually articulating such sentiments, and 0.001% of your staff publishing such ideas in the New York Times.
All the best to Greg Smith, but his issues are not exclusive to Goldman Sachs. All the best to him to find his true calling in life, but in this day and age, and the fact that he spent his past 12 years crafting his persona and image to the conformist expectations of others, it will require some soul-searching. good on him for having the courage to realize his current plight and for doing something about it. |
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Date: March 14th, 2012 4:41 PM Author: Frum cruise ship queen of the night You're glossing over the 40+% of staff who realize what's going on and are okay with joining in. (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20206673) |
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Date: March 14th, 2012 4:41 PM Author: Lascivious angry roommate After he collected tens of millions of dollars in compensation. It's pretty easy to have "courage" when you don't ever have to work again if you don't want to. (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20206674) |
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Date: March 14th, 2012 9:26 PM Author: Razzle-dazzle chapel I doubt it - this guy was just a random VP. (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20209751) |
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Date: March 14th, 2012 4:37 PM Author: Mahogany Sound Barrier Black Woman a lot of companies will flat out lie to clients, it happens everywhere - i'm not condoning it by any means, but i'm far from surprised
still i'm glad he brought this up to nytimes. THis sentence is probably the most important of all:
"It astounds me how little senior management gets a basic truth: If clients don’t trust you they will eventually stop doing business with you. It doesn’t matter how smart you are." |
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Date: March 14th, 2012 7:11 PM Author: Translucent abode love of her life "a lot of companies will flat out lie to clients, it happens everywhere"
that's fraud, brah. s&t clients know what they're doing. goldman is a market maker for those clients. |
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Date: March 14th, 2012 7:13 PM Author: vigorous avocado stage corn cake and we know what they're doing as far as influencing the fed and the government. if you fuck over clients in the financial industry, there is no one you won't fuck (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20208288) |
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Date: March 14th, 2012 7:19 PM Author: Translucent abode love of her life what specific laws were written for goldman sachs? (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20208329) |
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Date: March 14th, 2012 7:21 PM Author: Multi-colored Irate Degenerate Base everyone is scared of the Bernie Madoffs. no one wants to lose all their money to frauds. (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20208343) |
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Date: March 14th, 2012 7:25 PM Author: Translucent abode love of her life hint: goldman sachs isn't bernie madoff. (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20208370) |
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Date: March 14th, 2012 7:42 PM Author: vigorous avocado stage corn cake They've got their hands on every financial law (and lack of law) http://en.wikipedia.org/wiki/Goldman_Sachs#Involvement_with_the_bailout_of_AIG http://en.wikipedia.org/wiki/Goldman_Sachs#Former_New_York_Fed_Chairman.27s_ties_to_the_firm http://en.wikipedia.org/wiki/William_C._Dudley http://en.wikipedia.org/wiki/Neel_Kashkari http://en.wikipedia.org/wiki/Robert_Rubin#Economic_record_and_the_2008_global_financial_crisis I'll crack open some books later but that is a good start |
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Date: March 14th, 2012 7:21 PM Author: Multi-colored Irate Degenerate Base no client wants to be lied to and called a "muppet."
you don't give millions of dollars to liars like Bernie Madoff. |
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Date: March 14th, 2012 4:45 PM Author: deep antidepressant drug nowag inb4 this jew starts his own boutique derivatives consultancy that provides honest advice to its clients unlike evil goldman sachs! (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20206695) |
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Date: March 14th, 2012 4:48 PM Author: Mahogany Sound Barrier Black Woman (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20206705) |
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Date: March 14th, 2012 5:07 PM Author: mischievous umber marketing idea BIGLAW still makes GS look like the pinnacle of human beneficence (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20206807) |
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Date: March 14th, 2012 5:56 PM Author: Boyish shrine immigrant let's see, this guy was a nobody who basically slaved away for a bunch of years (without complaints apparently) and now all of sudden, he figures out that a large bank is in it to make money YEARS after GS was already called out? in S&T no less? yeah, right. this article has disgruntled mid-level employee who got a shitty bonus/getting laid off soon all over it. just like how he was a rhodes finalist and bronze medal winner in some fake olympics, this guy almost makes it but is never the superstar who gets the big bonus and the promotion. also, i like how one of his biggest accomplishments was getting a "full scholarship to stanford." that would be a accomplishment if stanford gave MERIT scholarships except they don't (it's all need based).
here's a comment on the WSJ blog:
According to the Stanford Daily, Greg Smith, who “represented South Africa twice at the World Maccabiah Games” (http://archive.stanforddaily.com/?p=1004297), was “a Stanford sophomore” in 2001. That would make him Stanford Class of 2003. So at most he has been working at GS for a little over 8 years and could have spent a maximum of 3 years as a full time employee at Goldman before Lloyd Blankfein became CEO and he never worked at Goldman when it was a partnership. I don’t think he could possibly have enough perspective to make a good assessment of what GS was like in the good old days.
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Date: March 14th, 2012 7:08 PM Author: Mahogany Sound Barrier Black Woman sounds about right (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20208257) |
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Date: March 14th, 2012 7:11 PM Author: Translucent abode love of her life cr. 180 (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20208274) |
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Date: March 14th, 2012 7:18 PM Author: Tantric azn bawdyhouse excellent poast (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20208323) |
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Date: March 14th, 2012 7:23 PM Author: Multi-colored Irate Degenerate Base who cares about his personal background?
his criticism of Goldman Sachs is accurate. they shouldn't be calling their clients "muppets" and lying ot them. IT's post Bernie Madoff and they should know better. |
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Date: March 14th, 2012 7:26 PM Author: Translucent abode love of her life "lying to them"
that would be fraud. link to fraud? |
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Date: March 14th, 2012 7:26 PM Author: exciting fantasy-prone hissy fit because he starts the article off by saying he's worked @ goldman for 12 years (when he graduated from UG in 2003)
because goldman's culture hasn't radically changed over the last 8 years - especially considering the first 3 years he was just a bitch analyst
because he himself is being disingenuous in asserting his time at the firm, his full scholarship to Stanford, and the notion that he's some sort of athlete for having played ping pong at the jewish olympics |
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Date: March 14th, 2012 10:22 PM Author: Boyish shrine immigrant even assuming that GS "lies" to their clients, his background matters because as just another GS mid-level person, he has no power to provide any independent advice to clients outside of what his superiors tell him to do. he himself has "lied" to his clients for 8 years and it's just as morally wrong to lie about what he did at GS.
He brags in his op-ed that "Over the course of my career I have had the privilege of advising two of the largest hedge funds on the planet, five of the largest asset managers in the United States, and three of the most prominent sovereign wealth funds in the Middle East and Asia. My clients have a total asset base of more than a trillion dollars. I have always taken a lot of pride in advising my clients to do what I believe is right for them, even if it means less money for the firm. This view is becoming increasingly unpopular at Goldman Sachs. Another sign that it was time to leave."
what he's writing is a blatant lie and a gross exaggeration of how much power somebody at his level has. those hedge funds aren't "his" clients. that's like a law firm associate saying they "advised and represented" some XYZ company in a multi-billion deal when they shuffled around the signature pages. those are GS's institutional clients and his job is to do as his bosses tell him to do. am i expected to believe that he "advised" GS's clients to NOT buy those derivatives because he thought that was in their best interest? of course not! he would've been fired a long time ago if he went off the reservation. instead, he was just another cog who did exactly as he was told and lied and lied and lied to his clients so he could keep his job and get his bonus until he realized that he was never going to get that promotion and his bonus sucked and now BAM, he's going to accuse his company of doing exactly what he did for 8 years.
i take issue w/ the fact that he's somehow absolving himself of any responsibility for being part of the same machine as if he's done differently when he's done EXACTLY the same thing that all others at his level at GS do on a daily basis because his position simply doesn't give him the power to be some renegade exec at GS.
on a sidenote, it's also laughable that he's talking about the poor, vulnerable "muppet" clients and at the same time bragging about how big his clients are. it's completely inconsistent. these hedge funds are equally sophisticated as goldman. it's impossible to "lie" to them and in that business, it's always a "you scratch our back, we'll scratch yours." everyone wants to make money and these clients are more than willing to fork over tons of fees for it. that's how it's worked forever and nothing's changed in the measly 8 years he worked there. |
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Date: March 14th, 2012 10:40 PM Author: splenetic azure travel guidebook oh hey there. long time no see. (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20210423) |
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Date: March 14th, 2012 11:14 PM Author: Abnormal Laughsome Center Cuckold You seem mad. (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20210647) |
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Date: March 15th, 2012 11:37 AM Author: Boyish shrine immigrant of course i iz mad.
i own GS stock. |
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Date: March 15th, 2012 2:12 PM Author: transparent provocative meetinghouse turdskin lol. now use that same argument when representing clients "zealously" if your own well-being is in conflict with the clients.
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Date: March 15th, 2012 2:30 PM Author: vivacious coral mexican lol just lol at a moonfaced shrew spending her free time writing tldr screeds carrying water for goldman sachs (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20214055) |
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Date: March 14th, 2012 7:24 PM Author: Multi-colored Irate Degenerate Base this is a dumb ad hominem attack that ignores his basic premise that they shouldn't lie to clients. they SHOULDN'T LIE TO CLIENTS. (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20208361) |
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Date: March 14th, 2012 7:26 PM Author: Translucent abode love of her life that would be fraud. link to fraud? (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20208378) |
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Date: March 14th, 2012 9:28 PM Author: Razzle-dazzle chapel It's certainly possible he did get a scholarship to go to Stanford, just not awarded by Stanford. Maybe from the South African government or some other organization. (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20209773) |
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Date: March 14th, 2012 7:29 PM Author: buck-toothed office rigpig Clients are screwing over the banks just as much. Everyone knows the game; to bitch and cry foul when it doesn't work in your favor is a bunch of bullshit. (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20208400) |
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Date: March 14th, 2012 7:36 PM Author: exciting fantasy-prone hissy fit why is nobody else talking about this self-aggrandizing, potentially vengeful, and at least partly disingenuous angle? none of the nytimes comments, routers, or tv coverage has even hinted at it -- i'm almost surprised the nytimes ran it and i wonder how carefully they looked into the guy (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20208444) |
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Date: March 14th, 2012 9:31 PM Author: Dashing location electric furnace it was a fucking op-ed. they don't give a shit as long as it generates attention (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20209813) |
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Date: March 14th, 2012 9:46 PM Author: exciting fantasy-prone hissy fit thats all the media cares about nowadays wrt any story unfortunately (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20209972) |
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Date: March 15th, 2012 8:37 AM Author: violent brilliant theater stage (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20212198) |
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Date: March 14th, 2012 10:34 PM Author: Doobsian rambunctious laser beams hell Check out the rebuttal op-ed on CNN.com -http://www.cnn.com/2012/03/14/opinion/levine-goldman-sachs/index.html?hpt=hp_c2 (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20210381) |
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Date: March 14th, 2012 10:58 PM Author: hairless floppy stead this guy makes it sound like when GS trades with a client that GS is at arm's length and not at all acting in a fiduciary role. i'm not so sure this quite comports with reality. (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20210530) |
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Date: March 14th, 2012 11:11 PM Author: Doobsian rambunctious laser beams hell Should be two different sides of the house. If GS is managing the client in question's funds it would presumably be subject to the Advisers Act and have to jump through a bunch of hurdles to do a principal or agency trade. From all appearances this guy was in the S&T side not the GSAM side. |
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Date: March 14th, 2012 7:43 PM Author: vigorous avocado stage corn cake Read All the Devils are Here and Confidence Men if you haven't already. (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20208497) |
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Date: March 15th, 2012 6:31 AM Author: painfully honest casino stain Wow, this guy made Goldman worth 2.2billion less.
http://www.bloomberg.com/news/2012-03-15/goldman-stunned-by-op-ed-loses-2-2-billion-for-shareholders.html |
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Date: March 15th, 2012 2:07 PM Author: poppy sanctuary toilet seat Goldman opens its heart and its ass...middling Jewish VP inserts big circumsized dick (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20213870) |
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Date: March 15th, 2012 6:45 AM Author: Chest-beating unhinged address affirmative action It sounds like the dood has never worked in any other company in his life, just GS.
What's his point of comparison?
Hertz? Marriott? Red Lobster? |
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Date: March 15th, 2012 6:56 AM Author: jade exhilarant place of business people who are hurt OH WHAT A TABLE TENNIS PLAYER! (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20212132) |
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Date: March 15th, 2012 8:09 AM Author: Grizzly marvelous plaza He's leaving because he either got passed on a promotion, smaller bonus or both.
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Date: March 15th, 2012 11:52 AM Author: indigo feces (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20212898) |
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Date: March 15th, 2012 2:02 PM Author: Doobsian rambunctious laser beams hell I think he all but says in the article that he got a shitty bonus because he complains about the firm's compensation system favoring producers. (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20213821) |
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Date: March 15th, 2012 2:14 PM Author: hairless floppy stead how DARE they reward CLOSERS (http://www.autoadmit.com/thread.php?thread_id=1897647&forum_id=2#20213933) |
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Date: March 15th, 2012 2:33 PM Author: Doobsian rambunctious laser beams hell *Gives megafund sweetheart deal on a trade* *Ignores that said megafund is shorting his own bank during financial crisis while talking down the price* *Complains about lack of service and client focus* |
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Date: March 15th, 2012 11:56 AM Author: Adventurous Salmon Kitty Ha, I know this guy. He's a cool dude and he was class of 2001.
Nutella is just mad because he cost her shitty goldman stock some $$ today. |