Why Greg Smith Left Goldman Sachs

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Stock prices whiz by on a ticker near the Goldman Sachs booth on the floor of the New York Stock Exchange April 16, 2010 in New York, New York.

Usually when a person quits a job, he packs up his desk, there’s a small party in the office or a goodbye luncheon, a last-day after-work drink, and that’s it.

But when Goldman Sachs executive Greg Smith quit his job earlier this month, he didn’t leave in typical fashion – he wrote an article in The New York Times saying his company’s culture had changed so much he couldn’t work there anymore. Times business columnist James B. Stewart looks at the reaction to Smith’s Op-Ed and how his statements reflect a larger picture on Wall Street.