Wall Street was abuzz Wednesday after a high-ranking Goldman Sachs executive resigned and authored a scathing essay in the New York Times about how the investment bank had lost its moral backbone. Here is a look at some criticisms hurled at Goldman in recent years and some of the harsh ways the investment bank has described its own investors.
In a March 14, 2012, essay in the New York Times, resigning Goldman Sachs executive director Greg Smith wrote that the company's culture had become "toxic and destructive." He said the company's emphasis had shifted away from serving the customer and was instead on making money for the firm. Smith also wrote that some managing directors referred to their own clients as "muppets." Here, an exterior view of the New York Stock Exchange is pictured. Jennifer Graylock/AP Buy Photo