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Comment on Nadja Fidelia, former Managing Director, Lehman Brothers by Maryam Rahmani

Maryam Rahmani — Fri, 01 Jun 2012 15:45:35 +0000

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Comment on “Did Christianity Cause the Crash?” by Kedstesaums

Kedstesaums — Thu, 19 Apr 2012 09:42:18 +0000

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Comment on Past Events by sarbanes oxley act | london accountants, accounting firms in london

sarbanes oxley act | london accountants, accounting firms in london — Wed, 18 Apr 2012 16:22:03 +0000

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Comment on “Toxic and Destructive… Who?” by Gary Moore

Gary Moore — Thu, 22 Mar 2012 12:19:14 +0000

We, and everyone discussing this case, seem to have missed a very important consideration: that corporate managers have been taught to act as if nothing matters other than money. Milton Friedman famously taught the only social responsibility of a company is to make money for the shareholders. It’s a tiny slide down that moral slope for management to believe their only responsibility is to make money for themselves. Traditional morality understood all too clearly that we humans always fall short of the ideals we are taught. When Jesus said to sell what we have and give it to the poor, he undoubtedly knew that we might give 2% to churches and charity, as we now do. Humanism doesn’t seem to get it that when Ayn Rand teaches us that “selfishness is a virtue,” things get completely out of control.

Comment on “Toxic and Destructive… Who?” by Al Erisman

Al Erisman — Thu, 22 Mar 2012 03:53:15 +0000

I have found many such companies thinking beyond the bottom line, outside the banking industry, from publically traded to private. And I found one bank CEO who I believe wanted to really do the right thing in a publically traded company, but he retired before the meltdown.

Comment on “Toxic and Destructive… Who?” by David Miller

David Miller — Thu, 22 Mar 2012 03:28:21 +0000

Interesting point… whether Smith is accurate only in part or in whole is not really the issue now. He said what he said… If Goldman has a good story to tell, then it shold have multiple believable ways to respond, and not have to revert to PR/legal speak…

Comment on “Toxic and Destructive… Who?” by David Miller

David Miller — Thu, 22 Mar 2012 03:24:45 +0000

Thanks, Al. I agree with your assessment about society’s desire for heroes and villains. I hope you are right about institutions thinking about a bigger vision than their bottom line.. time will tell!

Comment on “Toxic and Destructive… Who?” by Andy Gifford

Andy Gifford — Tue, 20 Mar 2012 18:57:19 +0000

I I once heard the president a large steel company who was been a costed by a customer say that, “All customers are important but none are significant.” I get the feeling this will be a similar response by Goldman Sachs. That all employees are important but not are significant and until significance is realized very little will change.

It’s too bad Greg Smith was unable to affect change in a manner that would cause management to examine their corporate culture. I think his letter was a more simple solution to have his voice heard.

Comment on “Toxic and Destructive… Who?” by Andrew Clark

Andrew Clark — Mon, 19 Mar 2012 16:37:34 +0000

I believe if he had noble intentions they were masked by his overt actions. There are other channels than NYT to voice convictions, and the most virtuous of convictions will stand the test of scrutiny, whether in or out of public view. We have sadly lost a great skill in the present of airing grievances, and for that neither Mr. Smith nor Goldman Sachs are innocent.
Our standards for brave men, for heroic acts, are weathered down and this is the greatest of faults, not to be on one party but all of us together. We should not praise a man for leaving in gusto but striving in virtue. I cannot gauge Mr. Smith’s character nor his true convictions; only time tells this tale. I wish him well.
I can challenge Goldman to declare inside and out a clear conviction, not a [PR] response [to a letter], as to who they are and what they stand for. Call a spade for what it is, a spade. The burden of their previous testimony, in mission & vision statements, is nothing but window dressing if they cannot be enacted diligently and in all aspects. This is the real blow, and the heart of what Mr. Smith exposed, whether he wanted to or happened upon.

Comment on “Toxic and Destructive… Who?” by Rachel Conerly

Rachel Conerly — Mon, 19 Mar 2012 01:44:12 +0000

Greg Smith is doing the bravest thing a person can do – standing down the establishment. Trying to get out of a wall street hierarchy is like trying to get out of the Mafia (evidently). I suspect that Greg is living according to his deepest values and not the values of the collective. We call these heroes. Greg is on the hero’s journey. Go Greg!!!