Goldman Sachs executive slams Goldman Sachs in NY Times; Update: The Empire pushes back

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“Am Leaving Goldman Sachs” is trending on Twitter this morning thanks to Greg Smith’s op-ed piece/resignation letter, “Why I am leaving Goldman Sachs”  in the NY Times.

If you ask us, it’s a big yawner (is anyone really surprised that a Wall Street firm sells its clients products they don’t need?), but there’s no question Mr. Smith’s op-ed struck a chord on Twitter:

Candid resignation letter by a disgruntled Goldman Sachs ex-trader with much to be disgruntled about:

— Gordon Darroch (@synthjock) March 14, 2012

A gripping, beautifully honest resignation letter if there ever was one #Goldmansachs #Gregsmithrocks

— Kaisa SD (@Kaisa_SD) March 14, 2012

Wow – stinging resignation letter by a Goldman Sachs Executive Director, a must read via @archiebland

— Neal Mann (@fieldproducer) March 14, 2012

Satire: “Why I am leaving the Empire, by Darth Vader

Trending Topics

Trending Topics

Update: Goldman Rejects Claims Made by Disgruntled Executive

— Josh Sternberg (@joshsternberg) March 14, 2012

Wall Street Journal:

We disagree with the views expressed, which we don’t think reflect the way we run our business,” a Goldman spokeswoman said. “In our view, we will only be successful if our clients are successful. This fundamental truth lies at the heart of how we conduct ourselves.”

Mr. Smith described himself as an executive director and head of Goldman’s U.S. equity derivatives business in Europe, the Middle East and Africa.

A person familiar with the matter said Mr. Smith’s role is actually vice president, a relatively junior position held by thousands of Goldman employees around the world. And Mr. Smith is the only employee in the derivatives business that he heads, this person said.

Sounds like they have more vice presidents than Obama has czars. Or Michelle has ladies-in-waiting personal assistants.

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