"Toxic" Says Resigning Goldman Executive

NEW YORK (CNNMoney) -- A Goldman Sachs executive has resigned in a very public manner -- calling the firm "toxic" and disrespectful of its clients in a scathing op-ed piece published in Wednesday's New York Times.
"I can honestly say that the environment now is as toxic and destructive as I have ever seen it," wrote Greg Smith on his "last day at Goldman Sachs," capping 12 years with Wall Street's gilded firm.Smith's main gripe is that the firm cares more about making money from its clients than making it for them.
"It makes me ill how callously people talk about ripping their clients off," he wrote.
"Over the last 12 months I have seen five different managing directors refer to their own clients as 'muppets,' sometimes over internal e-mail." Read full story here: News New Mexico


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