Greg Smith, the former Goldman Sachs Group Inc. salesman who publicly accused the firm of ripping off its clients, was denied a raise and a promotion in the weeks before he resigned in March, documents provided by Goldman show.
Goldman Sachs Group Inc. sought to profit last year by persuading clients to buy and sell stock options on European banks such as BNP Paribas SA and UniCredit SpA, according to former employee Greg Smith’s new book.
What to make of Goldman Sachs Group Inc.'s release to Bloomberg News of internal self-assessments and peer reviews of Greg Smith, who left the firm in March through a notorious op-ed piece in the New York Times. While the release of the documents does raise troubling questions for the bank itself, what they reveal about Smith -- without question -- is that he is nothing more than a sweet-talking con man.
Barclays Plc hired Greg Smith from Credit Suisse Group AG as a managing director of its consumer retail team, another new appointment for the London-based firm that’s lost several high-profile employees this year.