Greg Smith's spectacular departure from Goldman Sachs isn't the first to hit the firm recently. Just a month ago, the firm's global head of corporate communications, Lucas van Praag, decided to step down. His experience must be missed right now.
Very few executives burn their bridges as publicly as Smith—although more than a few have wanted to. It's highly tempting, when you feel as frustrated, disillusioned, and despairing as Smith, to tell everyone where they've gone wrong. The fact is that very few people do it. Some are bound by contractual restraints, some take consulting packages and many others simply fear that, while they might inflict short term damage on their employer, the long term hit will be to their own reputations. It's hard to get new employers to trust you after you've publicly trashed your former firm.
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