TODAY is my last day at Goldman Sachs. After almost 12 years at the firm — first as a summer intern while at Stanford, then in New York for 10 years, and now in London — I believe I have worked here long enough to understand the trajectory of its culture, its people and its identity. And I can honestly say that the environment now is as toxic and destructive as I have ever seen it.
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.
Heartfelt and inspiring piece by one of Goldman Sachs’ prominent veterans, putting a magnifying glass to the politics and internal culture of one of the world’s most influential investment firms, revealing the widespread corruption and greed at work.
While the bravery in quitting his job and coming forward to attack what he sees as wrong is inspiring, the heart of the piece leaves me more than a little pessimistic about the financial sector.