-
Goldman Sachs 'muppet' trader says unsophisticated clients targeted
Greg Smith, the former Goldman Sachs employee who infamously quit Wall Street via a New York Times article in March, says the investment bank routinely took advantage of charities and pension funds in order to increase its profits. In an interview on CBS News' 60 Minutes on Sunday to promote the release of his book called Why I Left Goldman Sachs: A Wall Street Story, Smith said that securing an unsophisticated, or "muppet" client was the top goal of the bank's salespeople. His frustrations with that culture meant he "literally wanted to hit the board of directors over the head". "Getting an unsophisticated client ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Oct 22, 2012 7:54am Oct 22, 2012 7:54am
- Sanguis
- | Joined Oct 2011 | Status: Member | 2845 Comments
- Comment #2
- Quote
- Oct 22, 2012 7:55am Oct 22, 2012 7:55am
- Sanguis
- | Joined Oct 2011 | Status: Member | 2845 Comments
- Comment #3
- Quote
- Oct 22, 2012 7:56am Oct 22, 2012 7:56am
- jonahky7
- | Membership Revoked | Joined Aug 2011 | 4530 Comments
- Comment #4
- Quote
- Oct 22, 2012 9:03am Oct 22, 2012 9:03am
- Yao
- | Joined Aug 2011 | Status: Member | 669 Comments
- Comment #5
- Quote
- Oct 22, 2012 9:07am Oct 22, 2012 9:07am
- Guest
- | IP XXX.XXX.136.6
- Comment #6
- Quote
- Oct 22, 2012 9:16am Oct 22, 2012 9:16am
- vilas
- | Joined Aug 2007 | Status: Member | 44 Comments
- Comment #7
- Quote
- Oct 22, 2012 9:21am Oct 22, 2012 9:21am
- Guest
- | IP XXX.XX.53.3
- Comment #8
- Quote
- Oct 22, 2012 9:36am Oct 22, 2012 9:36am
- Exodus
- Joined May 2012 | Status: CoC'd again ! | 4762 Comments
Carbon-Dioxide: the gas of life!
- Comment #9
- Quote
- Oct 22, 2012 11:57am Oct 22, 2012 11:57am
- Mingary
- Joined Mar 2011 | Status: I should be on your ignore list | 2344 Comments