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  • Thunder in blue sky Why I Am Leaving Goldman Sachs By GREG SMITH (NY Times)

Thunder in blue sky Why I Am Leaving Goldman Sachs By GREG SMITH (NY Times)

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  • JohnLast 4507 days ago

    What are three quick ways to become a leader? a) Execute on the firm’s “axes,” which is Goldman-speak for persuading your clients to invest in the stocks or other products that we are trying to get rid of because they are not seen as having a lot of potential profit. b) “Hunt Elephants.” In English: get your clients — some of whom are sophisticated, and some of whom aren’t — to trade whatever will bring the biggest profit to Goldman. Call me old-fashioned, but I don’t like selling my clients a product that is wrong for them. c) Find yourself sitting in a seat where your job is to trade any illiquid, opaque product with a three-letter acronym.

     

    Hardly suprsising, there are a lot of comments.