Sunday, April 1

Greg Smith says "high principles", ex-teacher

JOHANNESBURG, South-Greg Smith studied principle and competitiveness, the kind of person, whose strong sense of right and wrong probably him to withdraw from Goldman Sachs in a scathing letter to an international newspaper, his former teacher and coach said pushed.


A quiet, unassuming child, attended the South African private Jewish King David's high school in a suburb of Johannesburg won a scholarship to Stanford University in the United States.


Smith then joined at Goldman Sachs, he once loved a job but in his resignation letter in the New York have developed times on Wednesday as an environment "as toxic and destructive", described as I it have ever seen.


Goldman Sachs exec who stopped Greg Smith, say environment on the company is "toxic"


"He was a remarkable young man, unusually intelligent with an integrity which is probably unrivalled" Elliot, former School Director, told of Reuters in an interview.


"An absolutely remarkable man with high principles." "He was an asset to the school in every way possible."


Wolf, who is Emeritus since after 34 years at the school, including 28 as head teacher, said that he taught well of him Latin, and that he was loved by all, because he was polite, modest and decent Smith remembered.


The Goldman Sachs Bank a total eight tests in his final year of secondary school in 1996, obtaining a distinction in any topic SA, said Wolf. Smith's topics include according to school certificates math, advanced mathematics, Hebrew, English, Afrikaans and accounting.


"He was a wonderful young man with the highest principles." Already at that time part of his character when he was very young, ", said Wolf.


Goldman Sachs resignation letter one Internet sensation


He said he was astonished Smith would such a stand, beats others would probably turn their ethics for a company which Nice was rewarded with them.


Smith, who has worked in the equity derivatives segment, said it made him sick to hear at Goldman, betray his colleagues joke about the customers.


"In the last 12 months I five different CEO stands for their own customers saw as"Muppets"," said Smith.


In the UK, "Muppet" is slang for a stupid person.


"Always did what was right"
Wolf reminded also Smith as a skilled table tennis player. Smith, was in his 30s, said one of the proudest moments of his life in his letter won a bronze medal at the maccabiah games in Israel for table tennis.


Rainer Sztab, Chair for the Gauteng Maccabi table tennis club, where Smith in South Africa regularly played in the 1990's when he was a teenager, reminded him as a "great kid".


"He was a stand-up kid, did he ever, what was right" Sztab of told of Reuters, says Smith twice played for the South African Maccabi team at the maccabiah games in Israel, as a junior in 1993 and as a senior in 1997.


But he said that Smith was never a member of the South African national table tennis team, in contrast to what was stated in his biography of Goldman Sachs.


Sztab Smith said "very bright and really popular and behaved".


Wall Street's toxic culture is alive and well, observers say


"He was very competitive." He just has the edge on top players in the province of received Gauteng, "he added."


Sztab said that dramatic public resignation was attacked not by the way of the Smiths by Goldman Sachs. "He did well to come from South Africa, a Wall Street bankers are."


He said that Smith had asked him two years ago while on a visit to South Africa hi.


"He said that it great."

Copyright 2011 Thomson Reuters.

0 коммент.:

Post a Comment

Site Search