Greg Smith, who headed Goldman’s U.S. equity derivatives business in Europe, Africa and the Middle East, resigned Wednesday with a letter in the Op-Ed section of The New York Times newspaper, entitled “Why I am Leaving Goldman Sachs.”
http://www.nytimes.com/2012/03/14/opinion/why-i-am-leaving-goldman-sachs.html?_r=1
As I always say to my kids, if it is black, call it black, don’t call it white or beige. Morals. Everyone should have morals. Morals does not mean you do the right thing when it is convenient but you do the right thing ALL THE TIME, even when everyone else is saying sit down and be quiet.
I am sure Greg Smith will take a lot of heat from financial industry people over his Op-Ed piece and I am sure Goldman Sachs will find a way to “disallow” any stock options, pension, benefits, etc. for Greg Smith speaking the truth.
More people need to standup and speak the truth. I give Greg Smith 2 thumbs-up for standing up and speaking the truth. Yes, I know people really don’t like to hear the truth but how are we ever going to change the world if people don’t speak up!!!
Regards,
Roger Lacroix
Capitalware Inc.
