Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Economy
In reply to the discussion: Weekend Economists Ask: "What Were They Thinking?" March 16-18, 2012 [View all]xchrom
(108,903 posts)78. Goldman Sachs Board Must Act on Smith Op-Ed, Ex-Partner Writes
http://www.bloomberg.com/news/2012-03-17/goldman-sachs-board-must-act-on-smith-op-ed-ex-partner-writes.html
Goldman Sachs Group Inc. (GS)s directors must investigate a former employees allegations about a change in the firms culture, Jacki Zehner, who was a partner when she left the firm in 2002, wrote on her blog.
Zehner said she doesnt know Greg Smith, the derivatives salesman whose New York Times op-ed piece blamed Chief Executive Officer Lloyd C. Blankfein and President Gary D. Cohn for fostering a toxic and destructive environment, causing Smith to quit last week. Zehner, who worked at Goldman Sachs for 14 years, wrote that shes heard from many people in the past few years that the firm is emphasizing profits over character.
These are very serious accusations from a credible person in my view and I hope it does indeed provide a wake-up call to the board of directors, wrote Zehner, who was the first female trader promoted to partner and is married to a former partner. She is now CEO and president of Women Moving Millions, a non- profit supporting the advancement of women and girls worldwide.
It is the board that is accountable to shareholders and before they take another paycheck I hope they ask a heck of a lot of questions and get honest answers, Zehner, 47, wrote in her March 16 commentary.
Goldman Sachs Group Inc. (GS)s directors must investigate a former employees allegations about a change in the firms culture, Jacki Zehner, who was a partner when she left the firm in 2002, wrote on her blog.
Zehner said she doesnt know Greg Smith, the derivatives salesman whose New York Times op-ed piece blamed Chief Executive Officer Lloyd C. Blankfein and President Gary D. Cohn for fostering a toxic and destructive environment, causing Smith to quit last week. Zehner, who worked at Goldman Sachs for 14 years, wrote that shes heard from many people in the past few years that the firm is emphasizing profits over character.
These are very serious accusations from a credible person in my view and I hope it does indeed provide a wake-up call to the board of directors, wrote Zehner, who was the first female trader promoted to partner and is married to a former partner. She is now CEO and president of Women Moving Millions, a non- profit supporting the advancement of women and girls worldwide.
It is the board that is accountable to shareholders and before they take another paycheck I hope they ask a heck of a lot of questions and get honest answers, Zehner, 47, wrote in her March 16 commentary.
Edit history
Please sign in to view edit histories.
84 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
LEAP/E2020: The five devastating storms in summer 2012 at the heart of the world geopolitical swing
Ghost Dog
Mar 2012
#2
THE US IS STILL OPERATING UNDER THE DELUSION THAT IT CAN CREATE ITS OWN REALITY
Demeter
Mar 2012
#58
White House Pours One Out for All the Dead Journos, Waterboards the Living
girl gone mad
Mar 2012
#14
One Half of Italy's New Sales Tax Receipts Go Directly to Morgan Stanley in New York
girl gone mad
Mar 2012
#27
You're busted, Demeter. So busy posting, you take too little time to read the SMW, even.
Ghost Dog
Mar 2012
#32