Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
An interesting – but unsurprising – interview with former VP (which is a “middle management” title on Wall Street) Greg Smith, formerly of Goldman Sachs. If you don’t remember the story of Mr. Smith – he left his half a million a year job in a very public manner – offering his reasons in an op-ed in the New York Times early this year. Anyone who has been following the goings on, in the world of Wall Street the past half decade+ won’t be surprised by his ‘revelations’ but certainly it is still an interesting view. It does appear that the world of investment banking took a tremendous – and many would argue bad – change once these stopped becoming private partnerships and instead became public companies.
13 minute video – email readers will need to come to site to view
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