South Koreans watch a live TV broadcast of South Korean climber Oh Eun-sun reaching the summit of Annapurna in Nepal on Tuesday. Oh made history in the Himalayas by becoming the first woman to scale the world's 14 highest mountains, beating out a Spanish rival for the record.
Goldman Sachs employee Greg Smith's 'Why I Left Goldman Sachs' drew strong response as an op-ed in The New York Times, but is garnering negative reviews as a memoir.
While few people expect real fiscal reform in the always partisan lead up to the November election, Lloyd Blankfein writes that there may still be hope, if President Obama, Congress and Mitt Romney declare that Simpson-Bowles will be the basis of future reform.
The system that made Mitt Romney's fortunes at Bain Capital is the same one largely responsible for the greatest concentration of the nation’s income and wealth at the very top since the Gilded Age of the nineteenth century.
The main regulator of derivatives (bets on bets), wants to extend Dodd-Frank regulations to the foreign branches and subsidiaries of Wall Street banks. But JPMorgan CEO Jamie Dimon would greatly prefer this not happen.
Greg Smith belongs to younger generations that put loyalty to values above loyalty to company. As young professionals ourselves, we believe his op-ed resignation from Goldman Sachs last week may well forecast a new era in ethics on Wall Street and in other workplaces.