Exec rails against ‘toxic and destructive’ Goldman Sachs culture

Greg Smith for the New York Times:

TODAY is my last day at Goldman Sachs. After almost 12 years at the firm — first as a summer intern while at Stanford, then in New York for 10 years, and now in London — I believe I have worked here long enough to understand the trajectory of its culture, its people and its identity. And I can honestly say that the environment now is as toxic and destructive as I have ever seen it.

And this is just the opening paragraph. It goes on for two pages. If you weren’t mad at investment banks before for ruining the economy, you’ll sure as hell be pissed off by the time you’re done.