Home > Miscellaneous Musings > Greg Smith is a ponce

Greg Smith is a ponce

Greg Smith, a former Goldman Sachs executive, has just written a scathing article published in the NY Times trashing his old firm and the leaders of the firm.

It is a brutal hatchet job:

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.

Now, I hate and despise the counterfeiting psychopaths as much as the next person.  However to trash the firm that made you wealthy on the very day you are leaving the firm betrays a kind of asshole mentality, a kind of egotism, a kind of knife-in-the-back vengeance against your old employer that I cannot respect, cannot endorse.

Give it 6 months and write a book.  Give it 2 years and write a book.  Don’t say anything at all.  Even better, donate your wealth to charity and become a monk.  But don’t trash the firm that made you.

And to say only recently Goldman Sachs has become a venal, heartless, shyster organisation full of double-crossing assholes is wrong.  It’s been like that forever.

And another double-crossing asshole has just left the building and – I guarantee it – is not giving one cent to the poor.

P.S.  The other hilarious aspect of the screed is the bizarre egotism – Greg parades his pride over one of his greatest “achievements”: winning bronze in table tennis at the Maccabiah Games in Israel.  That’s like scoring third in a pissing competition with three girls.  Not quite up there with the best talents in the world, if you get my drift…

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