Why I quit Goldman Sachs: Executive slams 'toxic' culture

A Goldman Sachs executive has quit after criticising the "toxic" and "destructive" culture at the investment bank.

Greg Smith, head of the firm's equity derivatives business in Europe, the Middle East and Africa, said the firm "has veered so far from the place I joined right out of college that I can no longer in good conscience say that I identify with what it stands for". "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." His resignation letter, published in the New York Times today, alleges managing directors frequently referred to clients as "muppets", sometimes ...