Posted on April 21, by Anna Trester Despite the fact that he has been a bestselling author for more than a decade, I only recently came across the work of author Po Bronson for this research on narrative explorations of Career. Insightful as his work is, I am actually really glad to have only stumbled across his work now, as having recently begun to do storytelling myself, I found that I was in a better position to truly appreciate his choices as a storyteller in his book What Should I Do With My Life? Although he tries not to, he feels called to offer advice, and in one case, offers a job to someone whose searching was the subject of the book.
Mostly, though, it hit a nerve among the general public who question the role of Wall Street in society -- and the callous "take-the-money-and-run" mentality that brought the world economy to its knees a few short years ago. Smith now picks up where his Op-Ed left off. His story begins in the summer ofwhen an idealistic year-old arrives as an intern at Goldman Sachs and learns about the firm's Business Principle 1: Our clients' interests always come first.
Greg Smith’s Op/Ed in The New York Times entitled “Why I Am Leaving Goldman Sachs” is the subject of much conversation and debate today. Smith attributes much of his frustration to a change in culture at the firm: “the environment now is as toxic and destructive as I have ever seen it” and. Note that on the spectrum of unlikeable Times opinion writers, the homophobic quasi-despot rates somewhere between Greg “Why I am Leaving Goldman Sachs” Smith and David “Why I am Leaving. A rhetorical analysis of why i am leaving goldman sachs October 17, by Leave a Comment I a rhetorical analysis of why i am leaving goldman sachs did some research I entered such search phrases as; the renaissance in europe Tracing Americas Enslavement To .
This remains Smith's mantra as he rises from intern to analyst to sales trader, with clients controlling assets of more than a trillion dollars. From the shenanigans of his summer internship during the technology bubble to Las Vegas hot tubs and the excesses of the real estate boom; from the career lifeline he received from an NFL Hall of Famer during the bear market to the day Warren Buffett came to save Goldman Sachs from extinction-Smith will take the reader on his personal journey through the firm, and bring us inside the world's most powerful bank.
Smith describes in page-turning detail how the most storied investment bank on Wall Street went from taking iconic companies like Ford, Sears, and Microsoft public to becoming a "vampire squid" that referred to its clients as "muppets" and paid the government a record half-billion dollars to settle SEC charges.
He shows the evolution of Wall Street into an industry riddled with conflicts of interest and a profit-at-all-costs mentality: After conversations with nine Goldman Sachs partners over a twelve-month period proved fruitless, Smith came to believe that the only way the system would ever change was for an insider to finally speak out publicly.
He walked away from his career and took matters into his own hands. This is his story. Financial journalist McDonald Last Man Standing traces McKinsey s rise to the pinnacle of corporate advice peddling and its unique pretensions and privileges: McDonald, a contributing editor at Fortune, can t quite decide whether this is all good or bad, or whether he s indifferent.
He credits McKinsey with rationalizing business practices and forestalling corporate mistakes, but charges it with standing behind blunders and bankruptcies from Enron to GM; he wonders if the firm is less about helping companies make better products more efficiently than giving doctrinal cover to CEOs impulses to slash payrolls.
McDonald combines a lucid chronicle of McKinsey s growth and boardroom melodramas with a serviceable, if sometimes cursory analysis of evolving or at least retreaded management theories.
But the larger import remains, like that of the corporate world it symbolizes, a contradictory muddle.The Greg Smith Op-Ed, “Why I am Leaving Goldman Sachs,” in the New York Times caused quite a stir. For some it was an explanation that allowed them to connect the dots.
Read More. Applying Sociolinguistics. Skip to content.
About WaLK. Applied Sociolinguistics; “Why I am Leaving Goldman Sachs I am struck by the rhetorical shifts throughout this essay, reflected in the deictic choices embedded in his use of pronouns. The analysis of Hank Paulson's reasons for leaving Goldman to become Treasury Secretary - and the tax benefits of doing so - was classic cause for a chuckle.
The takeaway is while Paulson was trying to do the right thing by leaving Goldman to serve, at the same time he profited in terms of market timing and tax treatment of capital gains.
The book is the memoir of former Goldman employee Greg Smith, who in March of last year penned an op-ed for the New York Times called "Why I Am Leaving Goldman Sachs," a resignation letter of. Greg Smith is leaving the investment bank after many years, revealing what the investment bankers do with their clients: nicely or not so nicely dealing with them and from time to time calling them “muppets” and more,well, they stop short of eating them, of course.
Smith’s commentary, “Why I Am Leaving Goldman Sachs,” claimed that the Goldman Sachs culture had become “toxic,” and that the “interests of the client continue to be sidelined in the way the firm operates and thinks about making money.”.