Greg Smith's Goldman Sachs letter: Dream resignation?


By Duncan Wilson

Is Greg Smith's now-notorious resignation and subsequent letter to employer Goldman Sachs the kind of thing most of us dream of?

Jobs are sacred to us. As a bare minimum, they give us the security we require in our 21st Century lives. Many of us find more in our employment than this, but as a bottom rung, we're paid for our time in our roles.

Greg Smith's letter about the apparently poisonous-to-work-for Goldman Sachs, published in the New York Times this week, has amused, enlightened and perhaps even inspired the world.

Not for one minute am I suggesting any readers expressed surprise at what the letter alleges. How many of us had already made our mind up about working conditions at Goldman Sachs and the like before this letter came about?

Sure, the letter's one person's opinion, based on Greg Smith's experiences within the firm. I've certainly worked for companies in the past that seemed solely concerned with "getting it over the line (then we'll worry about it)", a culture on par with calling a client "muppet". I despised that about them; and I didn't stay long. But, something tells me the bosses didn't see it the same way as me.

The letter raises an interesting question about ourselves as humans and how much we're willing to take for cash; is writing a letter of this ilk something a lot of us dream of?

How many of us silently harbour a desire to do a Greg Smith and quit emphatically?

source: data archive