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  1. #1
    Join Date
    Oct 2011

    Goldman Sachs Ripping Off People Again ?

    Goldman Sachs is ready to give its London office a clean bill of health after investigating claims from its former employee Greg Smith that the bank had a "toxic" culture where traders routinely boasted of ripping off clients.
    The investigation - dubbed "the muppet hunt" because Smith said bankers derisively referred to clients as muppets - has not thrown up any revelations that would prompt disciplinary action, it is understood.
    Goldman has made contact with Smith and asked him to assist, but he has not taken the bank through his allegations. Instead, he is working on a tell-all book, after landing a reported US$1.5 million ($1.8 million) advance from the publishing house Hachette.

    "It makes me ill how callously people talk about ripping their clients off," Smith wrote. "Over the last 12 months I have seen five different managing directors refer to their own clients as 'muppets', sometimes over internal email."
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  2. #2
    Join Date
    Apr 2015

    Re: Goldman Sachs Ripping Off People Again ?

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