‘Am I Client or Am I Muppet?’ Goldman Sachs customers ponder their status, in song
March 26th, 2012
Two Goldman Sachs “clients” — Sally and Helmut — wonder whether they are clients or muppets in the wake of Greg Smith’s devastating “Why I Am Leaving Goldman Sachs” Op-Ed published in the New York Times on March 14th. In his resignation letter, South African-born Smith, who ran the investment bank’s equity derivatives businesses in Europe, the Middle East and Africa, revealed that Goldman Sachs insiders have so little respect for their clients, they refer to them as “muppets” and even talk of “ripping eyeballs out”. The parody of the Oscar-winning song “Man or Muppet” song was written by author and University of San Diego law professor Frank Partnoy and is introduced by Reuters finance blogger Felix Salmon.
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