Following Greg Smith’s highly publicized resignation and assail of its culture, Goldman Sachs Group Inc. has been searching emails and internal communication for evidence of derogatory comments about clients. “Muppet” is the center of the search, which Smith claims five managing directors used to refer to clients in the last 12 monts. In the United Kingdom, where Smith worked, the word generally means idiot. “We take the concerns of our employees seriously and that is why we have looked into the allegations Mr. Smith made,” says a spokesman for the company confirming the email searches. Smith’s resignation and concerns about the “toxic” environment at Goldman Sachs were published in a New York Times op-ed piece March 14.
The IRS still has the authority to impose fines on nonfilers.
Insurers have may defenses. One problem: The bad guys know about the defenses.
The law affects access to policy loans for insureds who are getting LTC-related accelerated death benefits.
Sponsored by LPL Financial
Get an in-depth look at how you can lock in future value through proven tactics that will grow your bottom line.
Sponsored by Smarsh
Many companies today are making the move to Office 365. Find out whether it’s the right move for your firm.
Don’t miss crucial news and insights you need to make informed investment advisory decisions. Join ThinkAdvisor.com now!
- Free unlimited access to ThinkAdvisor.com which provides advisors, like you, with comprehensive coverage of the products, services and trends necessary to guide your clients in making critical wealth, health and life decisions.
- Exclusive discounts on ALM and ThinkAdvisor events.
- Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.
Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.