By Greg Morcroft
NEW YORK (MarketWatch) - Goldman Sachs Group Inc.'s GS +0.01% executive director and a manager of its derivatives business in Europe, the Middle East and Africa resigned on Wednesday and sharply criticized the firm in an op-ed piece published by the New York Times. Greg Smith, the executive, said in the paper on Wednesday that the culture at the firm is "as toxic and destructive as I have ever known it." He criticized the firm, saying that "...the interests of the client continue to be sidelined in the way the firm operates and thinks about making money." Smith said he has been at Goldman for almost 12 years but he "knew it was time to leave when I realized I could no longer look students in the eye and tell them what a great place this was to work."
