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.
Goldman Sachs Group Inc.’s decision to provide information about former employee Greg Smith’s pay and promotion requests to the media may scare staff at the firm about the privacy of their own reviews, Smith said.
Goldman Sachs Group Inc. changed how it calculated year-end bonuses in 2005, corrupting a culture of teamwork that existed previously, according to a book published today by former employee Greg Smith.