Page Perry

Morgan Stanley’s CEO James Gorman warned Morgan Stanley employees not to circulate a New York Times op-ed piece by former Goldman employee Greg Smith that blasted Goldman’s culture as “morally bankrupt” and said that success at Goldman was often achieved by selling products that the firm wanted to get rid of. Smith wrote the article to explain why he was resigning from Goldman after over a decade as a managing director. (“Gorman Says He Told Staff Not to Circulate Op-Ed on Goldman,” Bloomberg).