1. I Object

    Goldman Exec Quits in NYT Op-Ed

    Image #: 16580973    A Goldman Sachs sign is seen on at the company's post on the floor of the New York Stock Exchange, January 18, 2012. Goldman Sachs Group Inc's fourth-quarter profit fell 56 percent as trading and investment banking revenue plunged, but the bank managed to beat analysts' expectations through cost cutting and lower taxes. REUTERS/Brendan McDermid (UNITED STATES - Tags: BUSINESS)       REUTERS /BRENDAN MCDERMID /LANDOV

    Brendan McDermid, Reuters / Landov

    Goldman Sachs executive Greg Smith knows how to go out with a bang. “Today is my last day at Goldman Sachs,” he writes in a New York Times op-ed. He’s been at Goldman for 12 years, and says, “The environment now is as toxic and destructive as I have ever seen it.” Smith says the investment bank has lost its way. It used to want to help clients; now people call them “muppets” and “callously” talk about ripping them off. The firm changed the way it thought about leadership, he says. “Leadership used to be about ideas, setting an example and doing the right thing. Today, if you make enough money for the firm (and are not currently an ax murderer) you will be promoted into a position of influence.”

    Read it at The New York Times