Greg Smith

9 Stories

Why Even a Lame Attack on Goldman Matters

Matthew Yglesias goes to bat for 'moral outrage'

(Newser) - Greg Smith's new book bashing former employer Goldman Sachs has been met with a yawn, its critics complaining that it contains no bombshell revelations not found in his celebrated New York Times op-ed. "Everyone already knows the 'squid' isn't on the side of the angels,"... More »

Goldman Sachs 'Traitor' Rips Wall Street Culture

But critics question Greg Smith's insider account

(Newser) - After rocking the financial world with a New York Times op-ed condemning Goldman Sachs' culture, former company VP Greg Smith is back with a full book : Why I Left Goldman Sachs: A Wall Street Story, out today. Going public was the "only way" to "change the system" that... More »

Goldman 'Traitor' Scores $1.5M for Tell-All

Ex-Sachs exec Greg Smith to make big bucks on memoir

(Newser) - It looks like the Goldman Sachs exec who ripped the company in a New York Times editorial when he quit isn't going to suffer too badly for his angry farewell notice. Hachette's Grand Central imprint is paying Greg Smith $1.5 million for the worldwide rights to a... More »

Goldman Scours Emails for 'Muppet' References

Lloyd Blankfein struggles to control Greg Smith fallout

(Newser) - Goldman Sachs is searching its internal email system for any use of the term “muppet,” as it struggles to spin a scathing op-ed piece from departing executive Greg Smith. In a conference call with Goldman partners last week, CEO Lloyd Blankfein assured them that they'd root out... More »

Goldman Traitor Greg Smith: Hero or Weasel?

Felix Salmon thinks Smith seems a bit too naive to believe

(Newser) - Former Goldman Sachs executive Greg Smith certainly made a splash with his hit piece on his former employers, but Felix Salmon of Reuters is a wee bit suspicious of his motives. Yes, his points are valid; Goldman surely is bilking customers. But "it's much easier to see the... More »

Goldman Shares Dive After Exec's Attack

Scathing op-ed costs shareholders $2.2B

(Newser) - Goldman Sachs shareholders had a bad day yesterday thanks to departing exec Greg Smith, who slammed the firm's " toxic and destructive " culture in a New York Times op-ed . The investment bank's shares dived 3.4% in trading yesterday, wiping $2.2 billion off its market value—... More »

Quitting Exec Rips Goldman Sachs for Screwing Clients

Ex-executive director Greg Smith has choice words for Blankfein's Goldman

(Newser) - Goldman Sachs executive director Greg Smith resigns today, and he's not going quietly. In a scorching New York Times op-ed, Smith says that after almost 12 years at Goldman, "the environment now is as toxic and destructive as I have ever seen it." Goldman's culture once... More »

Cust Leads Athetics Over Rangers

(Newser) - Jack Cust's two-run homer in the seventh inning lifted the Oakland Athletics to a 3-1 victory over Texas yesterday, ending the Rangers' four-game winning streak. Santiago Casilla (1-0) threw a scoreless seventh for the win, and has yet to allow a run this season. Rangers' starter Scott Feldman (0-1) gave... More »

Smith Pitches Oakland Past White Sox

A's off to best 14-game start since days of McGwire

(Newser) - Greg Smith outpitched Mark Buehrle for his first major league win, and Kurt Suzuki went 4-for-4 as Oakland beat the Chicago White Sox 2-1 Monday for its eighth victory in 10 games. Making his second big league appearance, Smith (1-0) gave up one run and six hits over seven innings... More »

9 Stories