Goldman sachs are douchebags

Discussion in 'The Bar' started by stripes, Mar 14, 2012.

  1. stripes

    stripes Active Member Banned User

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    i know, big newsflash, all these firms suck:


    http://money.msn.com/top-stocks/post.aspx?post=2f6a0c7b-5c4d-4b41-9ee0-419bea58e2e6

    Greg Smith didn't just resign from Goldman Sachs (GS -3.32%) on Wednesday. He brought a big match and torched the place on his way out the door.

    The big match was Smith's devastating New York Times opinion piece that had Wall Street in a whirlwind. It's a revelatory piece about the Wall Street firm's moral decline in the nearly 12 years Smith worked there. Now he describes the environment as "toxic and destructive."

    An ongoing theme in Smith's piece is that Goldman treats clients like personal ATMs, wringing money from them at every turn. Sales meetings are focused on how to make money off of clients, not how to help them, he writes. "It makes me ill how callously people talk about ripping their clients off," he adds.

    The most memorable part of the whole thing? In the past year, five executives have called their own clients "muppets," sometimes over internal email, he adds. Cue the theme from "The Muppet Show"!

    Smith said he wrote his piece as a wake-up call to the board of directors. The company needs to focus on clients again, because without them it won't make money. "Weed out the morally bankrupt people, no matter how much money they make for the firm," he writes. "And get the culture right again, so people want to work here for the right reasons."
     
  2. Gomez

    Gomez Well-Known Member

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    those Jews are pretty smart, though, you gotta admit.
     
    Last edited: Mar 14, 2012
  3. HeinousMark

    HeinousMark Creepy-Ass Cracka VIP

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    I would rep ya but ...must spread around...etc...
     
  4. Motoflou

    Motoflou New Member

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    Goddamn everyone on this forum is old. :facepalm:
     
  5. FtM

    FtM Starless & Bible Black Gold

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    How old are you?
     
  6. Motoflou

    Motoflou New Member

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    28. And I'm jus' playin'. I just don't know shit about stocks.

    I love you ALL.
     
  7. walleye

    walleye Active Member Banned User

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    Your as young as you act
     
  8. wife is a whore

    wife is a whore Stripped of POTY for butthurting staff VIP

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    Is it supposed to be some big secret that financials are in operation for there own profit, not that of their clients? They get paid based on deals made, not the profits from those deals. I believe it was Goldman's trickery that helped Greece in to their mess. Only way to fool a mark better than with words is with numbers.
     
  9. FtM

    FtM Starless & Bible Black Gold

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    Then I'm between the age of 25 and 50. :eek:
     
  10. Motoflou

    Motoflou New Member

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    I'd hit it!

    :dontknow:
     
  11. stripes

    stripes Active Member Banned User

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    it does suck to hear them talk about clients like that. i hear it from some merrill lynch guys & its disheartening, cocky fuks
     
  12. MatthewT

    MatthewT Awaiting The Rapture VIP

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    don't speak ill of our shadow government :scared:
     
  13. stripes

    stripes Active Member Banned User

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    we're all doomed, can't wait until this latest greece bandaid comes flying off.
     
  14. MatthewT

    MatthewT Awaiting The Rapture VIP

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    yeah, surely they won't need any more free money from hard working Germans :facepalm:
     
  15. Stew Nod

    Stew Nod Hello VIP

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    God's work