Former Goldman Sachs exec Greg Smith has set a new standard for burning your bridges.
Smith didn’t resign with a graceful note to HR. Nope. He blasted his former employer with an editorial in The New York Times. He questioned Goldman’s “moral fiber” and said he was sickened by former colleagues who put their own financial gain ahead of their clients’ best interests.
The notion that rich investment bankers would squeeze money from their ultra rich clients isn’t exactly surprising. I was, however, shocked to learn that some of the Goldman boys referred to clients as “muppets.” To turn the beloved muppets into a term of derision crosses the line.
Goldman needs to apologize immediately to Kermit and friends.
Meanwhile, the rest of us can celebrate Smith’s entertaining exit.