An Intern talks about what it was like working for Greg Smith at Goldman Sachs...
EXCERPT:
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“I worked for GS both as an intern in 06 and as a full time analyst from July 07 to March 09. I was in the NY office until March 08 and then I was in HK for a year. I interacted with Greg mainly during my 06 summer and from 07 to March 08, when I was physically in the NY office. Greg was the Stanford “Equities Captain”, i.e., he was a mentor for the incoming Stanford grads in the Equities department of the Sales & Trading (Securities) division of the firm. I hold him in very high regard - he took care of us junior guys, gave us great pieces of advice, and in general came across as one of the more personable, friendly, and genuine guys on the floor.”
It’s interesting GS has gone down the toilet in terms of looking out for clients since it went public in 1999. When the executives have no real long term skin in the game, before when GS was a partnership the suits had to put their own money in the company, the treat clients like dirt since they only care about cashing out on their stock options ASAP.