Greg Smith
Greg Smith
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Full Name and Common Aliases
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Greg Smith is a Canadian former investment banker who gained international attention in 2012 for his public resignation from Goldman Sachs.Birth and Death Dates
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Born: December 9, 1977 (age 45)
No death date mentionedNationality and Profession(s)
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Nationality: Canadian
Profession: Investment banker, authorEarly Life and Background
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Greg Smith was born on December 9, 1977. Little is known about his early life, but it's reported that he grew up in a small town in Canada.
After completing his education, Smith moved to the United States to pursue a career in finance. He worked for several investment banks before joining Goldman Sachs in 2006.
Major Accomplishments
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Smith's most notable accomplishment is his public resignation from Goldman Sachs in 2012, which was published as an op-ed piece in The New York Times.
* His book "Why I Left Goldman Sachs" (2012) became a bestseller and provided insight into the inner workings of investment banking.
Notable Works or Actions
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In his book "Why I Left Goldman Sachs," Smith described his experiences working at Goldman Sachs, highlighting what he saw as the firm's priorities: making money for its clients while also maximizing profits for shareholders. He criticized the company's focus on short-term gains and its role in creating instability in the global financial system.
Smith's resignation was seen as a significant event, sparking widespread debate about the ethics of investment banking and the responsibilities of financial institutions.
Impact and Legacy
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Greg Smith's actions had a profound impact on the world of finance. His public resignation brought attention to the need for greater transparency and accountability in the industry.
His book "Why I Left Goldman Sachs" is considered a must-read for anyone interested in understanding the inner workings of investment banking and the motivations behind the actions of financial institutions.
Why They Are Widely Quoted or Remembered
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Greg Smith is widely quoted and remembered due to his high-profile resignation from Goldman Sachs. His op-ed piece in The New York Times sparked a global conversation about the ethics of investment banking and the responsibilities of financial institutions.
His book "Why I Left Goldman Sachs" has been praised for providing insight into the inner workings of investment banking, shedding light on issues that were previously unknown to the general public.
Quotes by Greg Smith
The true nature of mankind comes down to a simple question: ‘Do we teach children how to be good or how to be bad?’
A majority of the crime in the downtown is property crime. There have been a few larcenies and burglaries, but robberies and assaults are not common in the downtown. There isn’t usually any violent crime.
The last game against them, he was in foul trouble. He had a very poor game. He wanted to make a statement against them tonight. He's been up and down and gets in foul troubles. It's a big game, a spotlight game for him. We told him to dominate.
The underlying theme here is customer segmentation. If you're using the systems less, you're going to tend to pay more. If you're a very profitable, active customer, you'll get cheap trades.
Change is eminent, control is an illusion, but dreams are eternal. Believe in your dreams!
The true nature of mankind comes down to a simple question: 'Do we teach children how to be good or how to be bad?'
Leadership 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.
It makes me ill how callously people talk about ripping their clients off I don’t 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 client’s goals? Absolutely. Every day, in fact.
If clients don’t trust you they will eventually stop doing business with you. It doesn’t matter how smart you are.