Darth Vader 1 Goldman Sachs 0

Much twittering today about the New York Times op-ed in which a Goldman Sachs executive announces his resignation. Iain Martin, for instance, suggests it is “a devastating knee in the nuts” for the world’s leading infamous financial institution. Perhaps so, though I rather suspect most people who think about these things are already pretty sceptical about Goldman Sachs and other insitutions of that ilk. Still, Greg Smith’s article is unintentionally amusing. To wit:

It might sound surprising to a skeptical public, but culture was always a vital part of Goldman Sachs’s success. It revolved around teamwork, integrity, a spirit of humility, and always doing right by our clients. The culture was the secret sauce that made this place great and allowed us to earn our clients’ trust for 143 years. It wasn’t just about making money; this alone will not sustain a firm for so long. It had something to do with pride and belief in the organization.