I knew it was time to leave when I realized I could no longer look students in the eye and tell them what a great place this was to work.
Greg SmithLeadership used to be about ideas, setting an example and doing the right thing. Today, if you make enough money for the firm (and are not currently an ax murderer) you will be promoted into a position of influence.
Greg SmithGetting an unsophisticated client was the golden prize. The quickest way to make money on Wall Street is to take the most sophisticated product and try to sell it to the least sophisticated client.
Greg SmithIt makes me ill how callously people talk about ripping their clients off I donโt know of any illegal behavior, but will people push the envelope and pitch lucrative and complicated products to clients even if they are not the simplest investments or the ones most directly aligned with the clientโs goals? Absolutely. Every day, in fact.
Greg Smith