How to deal with a toxic banking culture

Toxic mentalities


In March this year, Greg Smith resigned from Goldman Sachs by means of a letter published in The New York Times. In the letter, the former executive director and head of the US equity derivatives business in Europe, the Middle East and Africa blamed the culture at the investment bank, saying the environment was more "toxic and destructive" than he had ever seen before.

While Smith's decision to resign in such a public way may have been a surprise, the contents of his open letter were less

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