Comic: Wall Street
Money Management for Muppets
Executive Director Greg Smith resigned from Goldman Sachs the other day, contributing to The New York Times an op-ed condemning the firm for client-unfriendly behavior.
Goldman, wrote Smith, is (surprise!) wholly focused on making money for itself, rather than on making money for its clients. He wrote: "It makes me ill how callously people talk about ripping their clients off. Over the last 12 months I have seen five different managing directors refer to their own clients as 'muppets', sometimes over internal email."
Roberto De Vido is a communications consultant, writer, cartoonist and jack of many trades. The former chief of Tucson Sentinel’s East Asia Bureau, he now lives in California (make of that what you will).