Why I quit Goldman Sachs: executive slams 'toxic' culture

Greg Smith, head of the firm's equity derivatives business in Europe, the Middle East and Africa, said the firm "has veered so far from the place I joined right out of college that I can no longer in good conscience say that I identify with what it stands for." "I am sad to say that I look around today and see virtually no trace of the culture that made me love working for this firm for many years. I no longer have the pride, or the belief." His resignation letter, published in the New York Times today, alleges managing directors frequently referred to clients as "muppets", sometimes ...