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Wednesday, March 14, 2012

Shocked! Shocked!

It's always so heartwarming to see these folks who've made their fortunes stealing from people exclaim to us how shocked they are that there's all this stealing going on once it becomes convenient for them to do so.

I knew it was time to leave when I realized I could no longer look students in the eye and tell them what a great place this was to work.

When the history books are written about Goldman Sachs, they may reflect that the current chief executive officer, Lloyd C. Blankfein, and the president, Gary D. Cohn, lost hold of the firm’s culture on their watch. I truly believe that this decline in the firm’s moral fiber represents the single most serious threat to its long-run survival.
Yes, of course. The good old days of high "moral fiber" always neatly coincide with the period during which we ourselves were rising, don't they?

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