Why im resigning from goldman

More from GlobalPost: Tough times for Australian billionaires. But that does not and should not represent our firm of more than 30, people. Everyone is entitled to his or her opinion. But, it is unfortunate that an individual opinion about Goldman Sachs is amplified in a newspaper and speaks louder than the regular, detailed and intensive feedback you have provided the firm and independent, public surveys of workplace environments. Some banks, like Goldman, are also taking new steps, like introducing more efficient software and technology to help young analysts do their work more quickly.

And investment banks say they are hiring more analysts to help balance the workload. That may help. But as long as young analysts are expected to work hours a week, invariably some run the risk of finding themselves in a situation they cannot handle. With new classes of such analysts arriving each year, it is incumbent on the industry to make sure it is doing everything possible to make sure that no one is too overwhelmed.

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This website uses cookies to personalize your content including ads , and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Greg Smith's open letter on Goldman Sachs, published in the opinion section of the New York Times , has created a stir in the investment banking industry.

His devastating critique of the company is incredibly unusual. It also raises some fascinating questions about the company — and finance capitalism in general. Smith complains of "sales meetings where not one single minute is spent asking questions about how we can help clients. It's purely about how we can make the most possible money off of them" and harks back to the days when the success of Goldman's clients was at the forefront of its executives' minds.

I started at this company because I thought our mission was to pass along everyday low prices for our valued customers. Now I come to find out that we have put several independent retailers out of business. When I started here, there was an entire refrigerator stocked with coconut water.

Now, that fridge holds nothing but agave juice.