RE: He was the head of dept that employed one person
According to the Telegraph:
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Greg Smith, a Goldman Sachs executive director and head of the firm’s United States equity derivatives business in Europe, the Middle East and Africa.
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I find it incredible that such a department would employ only one person.
You can believe what you want - I asked my friends on both sides of the business at GS and other firms - Greg’s a nobody.
http://blogs.wsj.com/deals/2012/03/14/goldman-rejects-claims-made-by-disgruntled-executive/
The telegraph needs to fact check.
A person familiar with the matter said Mr. Smith’s role is actually vice president, a relatively junior position held by thousands of Goldman employees around the world. And Mr. Smith is the only employee in the derivatives business that he heads, this person said.
Greg Smith is the Chico Escuela of Wall St!