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Thursday, March 15, 2012

Integrity

The pundits say Greg Smith who left Goldman Sax in a very public way will have trouble getting another job on Wall Street. If I were in a position to hire him for a Wall Street firm, I'd be offering him a job right now. Following is part of the op-ed appearing in the New York Times.
http://www.nytimes.com/2012/03/14/opinion/why-i-am-leaving-goldman-sachs.html?_r=1&ref=business
"It might sound surprising to a skeptical public, but culture was always a vital part of Goldman Sachs’s success. It revolved around teamwork, integrity, a spirit of humility, and always doing right by our clients. The culture was the secret sauce that made this place great and allowed us to earn our clients’ trust for 143 years. It wasn’t just about making money; this alone will not sustain a firm for so long. It had something to do with pride and belief in the organization. I am sad to say that I look around today and see virtually no trace of the culture that made me love working for this firm for many years. I no longer have the pride, or the belief."

He is the kind of person Wall Street needs.

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