{"id":3837,"date":"2012-03-17T22:40:33","date_gmt":"2012-03-18T02:40:33","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=3837"},"modified":"2012-03-17T22:40:33","modified_gmt":"2012-03-18T02:40:33","slug":"why-i-am-leaving-goldman-sachs-nytimes-com","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/17\/why-i-am-leaving-goldman-sachs-nytimes-com\/","title":{"rendered":"Why I Am Leaving Goldman Sachs &#8211; NYTimes.com"},"content":{"rendered":"<p><strong>Greg Smith:<\/strong> I hope this can be a wake-up call to the board of directors. Make the client the focal point of your business again. Without clients you will not make money. In fact, you will not exist. Weed out the morally bankrupt people, no matter how much money they make for the firm. And get the culture right again, so people want to work here for the right reasons. People who care only about making money will not sustain this firm \u2014 or the trust of its clients \u2014 for very much longer.<\/p>\n<p><em>Greg Smith is resigning today [March 14th] as a Goldman Sachs executive director and head of the firm\u2019s United States equity derivatives business in Europe, the Middle East and Africa.<\/em><\/p>\n<p>via <a href=\"http:\/\/www.nytimes.com\/2012\/03\/14\/opinion\/why-i-am-leaving-goldman-sachs.html?pagewanted=all&amp;src=ISMR_AP_LO_MST_FB\">Why I Am Leaving Goldman Sachs &#8211; NYTimes.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Greg Smith: I hope this can be a wake-up call to the board of directors. Make the client the focal point of your business again. Without clients you will not make money. In fact, you will not exist. Weed out the morally bankrupt people, no matter how much money they make for the firm. And &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/17\/why-i-am-leaving-goldman-sachs-nytimes-com\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Why I Am Leaving Goldman Sachs &#8211; NYTimes.com&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[828,1588],"class_list":["post-3837","post","type-post","status-publish","format-standard","hentry","category-other","tag-corporate-culture","tag-goldman-sachs"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Why I Am Leaving Goldman Sachs - NYTimes.com - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why I Am Leaving Goldman Sachs - NYTimes.com - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Greg Smith: I hope this can be a wake-up call to the board of directors. Make the client the focal point of your business again. Without clients you will not make money. In fact, you will not exist. Weed out the morally bankrupt people, no matter how much money they make for the firm. 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Based on the information\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/03\/102233932-517640093-1910x1000.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/03\/102233932-517640093-1910x1000.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/03\/102233932-517640093-1910x1000.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/03\/102233932-517640093-1910x1000.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/03\/102233932-517640093-1910x1000.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/03\/102233932-517640093-1910x1000.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":23318,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/12\/21\/goldman-sachs-acquires-perth-mints-physical-gold-etf-aaau\/","url_meta":{"origin":3837,"position":1},"title":"Goldman Sachs acquires Perth Mint\u2019s physical gold ETF (AAAU)","author":"Colin Twiggs","date":"December 21, 2020","format":false,"excerpt":"Published in ETF Strategy on December 14, 2020: Goldman Sachs has completed its acquisition of the Perth Mint\u2019s physical gold ETF. Renamed the Goldman Sachs Physical Gold ETF (AAAU), the ETF\u2019s fee is unchanged, at 0.18%, as is its listing on NYSE Arca. The ETF also continues to provide the\u2026","rel":"","context":"In &quot;Gold &amp; Precious Metals&quot;","block_context":{"text":"Gold &amp; Precious Metals","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/gold-precious-metals\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12139,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/08\/06\/goldman-sachs-doubles-down-on-lower-for-longer-scenario-oilprice-com\/","url_meta":{"origin":3837,"position":2},"title":"Goldman Sachs Doubles Down On Lower-For-Longer Scenario | OilPrice.com","author":"ColinTwiggs","date":"August 6, 2015","format":false,"excerpt":"ZeroHedge quotes Goldman Sachs' Jeffrey Currie: ....Not only will the macro forces keep prices under pressure, but historically markets trade near cash costs [near $50\/bbl] until new incremental higher-cost capacity is needed (even the IEA has revised 2015 non-OPEC output growth from existing capacity up by 265 kb\/d since March).\u2026","rel":"","context":"In &quot;Crude Oil &amp; Natural Gas&quot;","block_context":{"text":"Crude Oil &amp; Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13192,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/04\/20\/goldman-sachs-ends-a-dismal-season\/","url_meta":{"origin":3837,"position":3},"title":"Goldman Sachs ends a dismal season","author":"ColinTwiggs","date":"April 20, 2016","format":false,"excerpt":"Goldman Sachs (GS), last of bank heavyweights to release their first-quarter (Q1) 2016 earnings, reported a 55 percent fall in diluted earnings per share ($2.71) compared to the first quarter of last year ($6.05). Net revenues dropped 40%, primarily due to a sharp 53% fall in Market Making and a\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Morgan Stanley (MS)","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2016\/2016-04-20-gs.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2016\/2016-04-20-gs.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2016\/2016-04-20-gs.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":5154,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/08\/09\/u-s-wont-pursue-goldman-charges-wsj-com\/","url_meta":{"origin":3837,"position":4},"title":"U.S. Won&#039;t Pursue Goldman Charges &#8211; WSJ.com","author":"Colin Twiggs","date":"August 9, 2012","format":false,"excerpt":"By REED ALBERGOTTI After a year-long investigation, the Justice Department said Thursday that it will not bring charges against Goldman Sachs Group Inc. or any of its employees for financial fraud related to the mortgage crisis. In a statement released Thursday, the Justice Department said \"the burden of proof\" couldn't\u2026","rel":"","context":"In &quot;Other&quot;","block_context":{"text":"Other","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/other\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6386,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/12\/06\/goldman-predicts-falling-commodity-prices\/","url_meta":{"origin":3837,"position":5},"title":"Goldman predicts falling commodity prices","author":"Colin Twiggs","date":"December 6, 2012","format":false,"excerpt":"Matthew Boesler writes that Jeffrey Currie, Goldman Sachs Head of Commodity Research, in his investment outlook for 2013, says commodity prices may be done going up, but that doesn't mean investors can't still make money. Currie's explanation is this: sustained high prices over the past decade have caused producers to\u2026","rel":"","context":"In &quot;Gold &amp; Commodities&quot;","block_context":{"text":"Gold &amp; Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/3837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=3837"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/3837\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=3837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=3837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=3837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}