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by uptown 5204 days ago
Goldman's response: http://blogs.wsj.com/deals/2012/03/14/goldman-rejects-claims...

“We disagree with the views expressed, which we don’t think reflect the way we run our business,” a Goldman spokeswoman said. “In our view, we will only be successful if our clients are successful. This fundamental truth lies at the heart of how we conduct ourselves.”

Mr. Smith described himself as an executive director and head of Goldman’s U.S. equity derivatives business in Europe, the Middle East and Africa.

A person familiar with the matter said Mr. Smith’s role is actually vice president, a relatively junior position held by thousands of Goldman employees around the world. And Mr. Smith is the only employee in the derivatives business that he heads, this person said.

2 comments

If he really were head of US Equity Derivs (derivatives) Sales in EMEA, he'd be an MD (managing director). We can all be head of something... after you put enough creative thought in it.
Alex Jones' response: http://youtu.be/YF4oS46gaxI

"they're a bunch of guys going 'I'm only worth 10 million and the other guy's worth 40. Rip everybody off.' ..they're a bunch of scum."