An executive resigns from his position over an integrity problem too big to ignore.
After having read this, I feel like a young Little-Leaguer who just found out that his beloved Yankees are all juicing.
And it’s a real shame, too. You may not believe it but Goldman Sachs was once known for its humility, work-ethic, and it’s client-focused approach. That’s why they were the last bulge-bracket bank to go public.
Really, it’s a sign of the times and is indicative of the finance world in general. When the commodity is money, you pay for it with integrity.