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Goldman Sachs’ Workers Have Screamed for Help in Lawsuits, Pitch Decks and the OpEd Page of the New York Times
by Pam Martens and Russ Martens Wall Street on Parade
For more than two decades, we have been reading about former employees of Goldman Sachs who have fled jobs there over a toxic, soul-crushing work culture. The pace of these stories has been picking up steam, rather than declining. Shareholders of Goldman Sachs should be asking themselves, is this good for the future of the company over the long haul and the price of its stock.
Here’s a small sampling of some of the complaints from 2004 to the present:
In 2004, Nomi Prins, now a well-known author and a former Managing Director at Goldman Sachs, wrote the following in her book, Other People’s Money: The Corporate Mugging of America: