In his very public resignation from Goldman Sachs last week, Greg Smith talked about the toxic and destructive environment at his former firm, which he says put making money ahead of the client. Yet, last month, a cover story in New York magazine made the case that the big financial firms have been on a mission to reform their risky, reckless practices. Which position is correct? Observers feel Dodd-Frank put a leash on Wall Street by imposing reduced compensation packages and increased capital requirements, but that it has done nothing to change the behavior or questionable ethics that contributed to the financial mess.
This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, click the "Reprints" link at the top of any article.
Why Greg Smith is 'Dead Right' About Goldman Sachs (The Atlantic)
Comments
Special Features
2013 Outlook As we move into a transition year, check out LifeHealthPro's conjectures for the life, annuities, health and disability markets.
The Complete ELNY Saga For more than two decades, the Executive Life Insurance Company of New York (ELNY) has been bled for billions of dollars while languishing in a state-imposed purgatory.
Life Insurance A-Z This alphabetical-themed infographic will help your clients feel more comfortable discussing life insurance protection concepts.
100 Best Sales & Marketing Ideas Whether you want ideas for referrals, generating leads or just listening to your clients better, we have the sales and marketing tips you need.
2012 Advisor of the Year Through a very thorough nomination process we look to find a top producer who is a true cornerstone of a community.
Senior Survey 2011 In this special section, find out how seniors build their nest egg, make an estate plan, finance their health care and where they live.
