By EconMatters
Scandal and headlines seem to perpetually follow Goldman Sachs (GS), a firm that's simply doing "God's Work". On Wed. March 14, Goldman's name once again burnt up the Internet, and social media. This time it was from a resignation letter by one of its top executives published as an op-ed at the New York Times.
The op-ed entitled "Why I Am Leaving Goldman Sachs" blasting GS culture of greed was written by Gregg Smith, a Goldman Sachs executive director and head of the firm’s United States equity derivatives business in Europe, the Middle East and Africa, according to the Times. The letter and its link has immediately gone insanely viral and trending worldwide. That was probably one factor that sank GS stock by 3.5% on the day while the broader market was essentially flat (see chart below).
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http://www.zerohedge.com/contributed/2012-11-15/greed-indeed-good-goldman?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
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