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March 14, 2012 3:54 pm

Goldman Sachs Chief Responds to Employee Who Bashed Firm in NY Times

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Goldman Sachs CEO, Lloyd Blankfein. Photo: wiki commons.

Politico – Goldman Sachs on Wednesday pushed back against a New York Times op-ed written by a former employee of the firm who said he quit because the culture of the investment bank had become toxic and focused on profits rather than serving clients.

Goldman Chief Executive Lloyd Blankfein and President Gary Cohn wrote in an internal memo obtained by POLITICO that they were “disappointed to read the assertions made by this individual that do not reflect our values, our culture and how the vast majority of people at Goldman Sachs think about the firm and the work it does on behalf of our clients.”

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