Greg Smith penned a devastating op-ed in The New York Times, headlined, "Why I Am Leaving Goldman Sachs." Smith used the piece, published in March, to describe his disgust over the work culture at the Goldman Sachs, where he had worked for a dozen years, including the height of the financial crisis. "The interests of the client continue to be sidelined in the way the firm operates and thinks about making money," he wrote. The company's stock price dropped 3.4 percent on the Standard & Poor's 500 Financials Index immediately after the op-ed appeared. book, for which he reportedly was paid $1.5 million, was roundly panned. Quitting On Live TV Ethics was also the stated issue for a pair of television news anchors in Bangor, Maine, who quit their jobs on live TV in November. Without warning their bosses, anchors Cindy Michaels and Tony Consiglio announced on the air that they were resigning. "It's a little complicated," Michaels said after the fact, "but we were expected to do somewhat unbalanced news, politically, in general."
The station's vice president and general manager, Mike Palmer, denied intervening in daily news production, but back in 2006, he'd reportedly warned staff against coverage of global warming, equating the subject with the Y2K and "killer bee" scares -- meaning much hysteria over nothing. But no big payday awaited the anchors on the other side of the exit; Michaels announced plans to work on a novel and his painting.
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