In short, you’re saying that Greg Smith is lying and Goldman Sachs is really looking out after its clients after all??
Greg Smith is lying. He was not an executive. He was one of thousands of VP’s. He was responsible for non-risk and non-client functions like appearing in the recruiting video and acting as a mentor or an intern liaison.
He was the head of dept that employed one person. He got stepped-over and is very bitter about it.
“Goldman Clients” is a term that covers a broad array products and support. the majority of GS clients know who reps them and know the product they are getting. I would suggest that all GS clients are covered or solicited by at least 2 or more GS competitors.
As a GS Client I can say that I know my product and my salesman as well as the type of service I expect from GS as well as their competitors.
In my business - I see hundreds of Greg Smith’s cry the blues when they get stepped-over by another person just like them. These are the breaks.
If you can’t take the heat, stay out of the kitchen.