Wednesday, March 14, 2012

Bad Day at Goldman Sachs

The current management at Goldman Sachs is probably too busy swimming in the gold coins in their vaults, Uncle-Scrooge-McDuck-style, to notice, but a dark cloud has eclipsed the sun at 200 West Street:

The firm changed the way it thought about leadership. 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.

You can read the rest of Greg Smith's exit piece at the New York Times. The response from Goldman Sachs is the usual, "We disagree! We're fabulous people!" The stock market has pushed the stock down a tad so far this morning, but I'm sure that will be corrected fairly quickly. After all, GS is extremely efficient at Hoovering money out of their clients wallets, and I'm certain no op-ed from some disgruntled, former employee will change that.

I'm off to see if a doctor in private practice is any better at 3rd grade math than the "doctor" at the ghetto clinic. While I'm there, I'm going to see if he has some idea why I can't walk the four steps from our living room to the kitchen without getting out of breath.

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