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Not Even Goldman Sachs Immune From Taking Part In "Icing" Phenom

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Perhaps you thought the employees of 200 West Street would rather take a Taibbi Pie to the face than participate in the new game the kids are playing these days, wherein you surprise a "bro" with a bottle of Smirnoff Ice, any time, any place and he has to get down on one knee and chug it, unless he happens to whip out his own bottle, in which case, you got owned and have to drink both? That the Masters and Mistresses of the Universe would rather leave such Plebeian pursuits to the employees of Citi and Bank of America? That they would have more pressing things to deal with during work? Or if not, that they would have more sophisticated drinking games to play? Well ya thought wrong, ladies. So far there has been at least one confirmed icing taking place on the premises. Not sure if it was on the trading floor or C-suite but senior execs would be wise to look out for Gary Cohn, who was seen earlier this morning stuffing his pants with bottles, lest he be caught off guard. For those unfamiliar (not saying Viniar, just saying Viniar), a quick demo:

Why Bros Get Iced, Bro [The Awl]


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Goldman Sachs Can Fix This

A week ago today, a man named Greg Smith resigned from Goldman Sachs. As a sort of exit interview, Smith explained his reasons for departing the firm in a New York Times Op-Ed entitled "Why I Am Leaving Goldman Sachs." The equity derivatives VP wrote that Goldman had "veered so far from the place I joined right out of college that I can no longer in good conscience say I identify with what it stands for." Smith went on to note that whereas the Goldman of today is "just about making money," the Goldman he knew as a young pup "revolved around teamwork, integrity, a spirit of humility, and always doing right by our clients." It was a culture that made him "love working for the firm" and its absence had stripped him of "pride and belief" he once held in the place. While claiming that Goldman Sachs has become virtually unrecognizable from the institution founded by Marcus (Goldman) and Samuel (Sachs), which put clients ahead of its own interests, is hardly a new argument, there was something about Smith's words that gave readers a moment's pause. He was so deeply distraught over the differences between the Goldman of 2012 and the Goldman of 2000 (when he was hired) that suggested...more. That he'd seen things. Things that had made an imprint on his soul. Things that he couldn't forget. Things that he held up in his heart for how Goldman should be and things that made it all the more difficult to ignore when it failed to live up to that ideal. Things like this: