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In Era Of The Pitchforks, Goldman Sachs Employees Wanted To Give The Ignorant Twits Of The World A Piece Of Their Mind

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When asked by Fortune why people could possibly want to work at Goldman Sachs, which doesn't have a free cafeteria like Google or a super nice gym or compensation wildly better than those of some other Wall Street firms, one employee defensively answered, "People on the outside are not aware of the feeling...The sense of family and belonging that comes from working here is like none other." People, it seems, just don't get what it's like to work at a place where you feel safe and warm. Where you can go to Lloyd Blankfein if you're in trouble. Where everyone's got your back. And where you have theirs. Meaning you would do anything for them. And by anything, we mean an-y-thing. And not just the standard getting rid of hookers stuff but, just, as an example, putting a cap in the ass of a guy who cut them in line at the movie theater and then suggested they were to blame for the near-collapse of the economy. Which is what some GS employees have been wanting to do for a while, and would've if Papa Blankfein hadn't held them back.

In fact, employees urged management to fight back against the criticism from the public and from the media. A common theme throughout the employee comments was why Goldman was taking a beating in the press without returning fire. "I think we need to have a more robust public and media relations campaign, in order to stave off the uninformed/misinformed press," wrote one employee. Urged another: "Take a PR campaign out to Main St."

What's So Great About Working At Goldman [Fortune]


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: