Greg Smith, a Goldman Sachs executive, has resigned in a rather unique way, he’s written a very frank op-ed column in the New York Times, thereby fulfilling a fantasy held by every single person who has ever felt like quitting a job in a spectacular fashion. Mr. Smith, was head of Goldman’s United States equity derivatives business in Europe, the Middle East and Africa. He also managed the summer intern program in sales and trading. “I knew it was time to leave when I realized I could no longer look students in the eye and tell them what a great place this was to work,” he says.
Life isn’t always easy for one-percenters. Every now and again, high-profile white collar criminals get pinched by the legal system. The former head of a management consultant group is expected to face criminal charges for allegedly sharing inside information from Goldman Sachs board meetings to a hedge fund manager.