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March 14, 2012 | 1:30 pm
Greg Smith drops bombs (and a bagel) on his way out of Goldman Sachs
Posted by Jonah Lowenfeld
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Jerry Maguire (1996)
In a kiss-off op-ed published in today’s New York Times, Greg Smith, now a former executive director at Goldman Sachs, blasted the investment bank for what he called its “toxic and destructive” environment in which “ripping off” clients is commonplace.
And in addition to dropping bombs about managing directors calling their clients “muppets,” Smith also left this bagel lying amid the wreckage:
My proudest moments in life — getting a full scholarship to go from South Africa to Stanford University, being selected as a Rhodes Scholar national finalist, winning a bronze medal for table tennis at the Maccabiah Games in Israel, known as the Jewish Olympics — have all come through hard work, with no shortcuts. Goldman Sachs today has become too much about shortcuts and not enough about achievement. It just doesn’t feel right to me anymore.
Yep, it would appear that Smith, the I-banker with a conscience, the Jerry Maguire of Wall Street, is also a Yid. One has to wonder if there’s a rabbi or a teacher or a youth director somewhere in South Africa who’s shepping a little nachas right now. (In all seriousness, if anybody knows how to get in touch with this guy, send info my way.)
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