Former Goldman Sachs employee Greg Smith has cost the company more than $2 billion in stock value since his op-ed piece ran in the New York Times yesterday. Smith’s very public jump from the company at the top of the Wall Street food chain has raised some questions about Goldman’s internal culture, it’s capacity to learn lessons from past mistakes and it’s ability to control its own brand. The Takeaway co-host John Hockenberry reports from London, where he spoke to banking blogger Joris Luyendijk.
The World is an independent newsroom. We’re not funded by billionaires; instead, we rely on readers and listeners like you. As a listener, you’re a crucial part of our team and our global community. Your support is vital to running our nonprofit newsroom, and we can’t do this work without you. Will you support The World with a gift today? Donations made between now and Dec. 31 will be matched 1:1. Thanks for investing in our work!