The controversial Op-ed article by disgruntled former employee to Goldman Sachs led to the review of the Employee Relations statement the Financial firm has documented on its Corporate website. The statement reads…
Employee Relations is a risk management function that works to uphold the firm’s business principles and policies, and safeguard the firm from legal or reputational risk relating to employment issues. The group provides strategic advice to managers and employees on a broad range of workplace issues.
“Why the Goldman Sachs public retaliation on disgruntled former employee, Greg Smith?” Image Werks, LLC
Greg Smith blasted Goldman Sachs only after being denied a big raise and promotion.
Greg Smith, who publicly resigned from Goldman Sachs and is releasing a tell-all book, quit the financial firm only after he was denied a raise that would have doubled his compensation to over $1 million and a promotion, according to documents Goldman Sachs released today first to Bloomberg News.
Goldman Sachs is fighting back against Smith, who is set to appear on 60 Minutes to promote his book Why I Left Goldman Sachs. The documents released by Goldman Sachs, a summary of Goldman Sachs’ investigation into Smith’s claims, will potentially confirm what many had initially suspected, that Smith was a disgruntled employee and not a whistleblower who was leaving Goldman Sachs because the firm had become “toxic and destructive,” as Smith described it in the resignation letter he submitted to the opinion pages of The New York Times in March.
Smith had framed his resignation as a moral decision, one that was motivated by the “decline in the firm’s moral fiber” and his observation that Goldman Sachs had become a place where “callously people talk about ripping their clients off.”
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