Economy: Economic News, Policy & Analysis - The Washington Post: Wall Street credo: ‘Ripping out their eyeballs’

Economy: Economic News, Policy & Analysis - The Washington Post
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Wall Street credo: 'Ripping out their eyeballs'
Mar 18th 2012, 00:30

It wasn't very Goldman Sachs-like for Greg Smith to use the Op-Ed page of the New York Times last week to tender his resignation as an executive director, accusing the image-battered investment bank of having shamelessly put its interests ahead of its customers. But then again, Smith's point is that even Goldman Sachs is no longer like Goldman Sachs now that it has given up the "long term greed" in favor of the short-term variety necessary to produce industry-beating profits and bonuses.

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