In the great, collective gasp that followed Greg Smith’s blistering public resignation from Goldman Sachs, one reaction struck us as particularly prophetic. It was a comment from James Gorman, CEO of Morgan Stanley. Don’t exploit Goldman’s woes, he said a few days after Smith’s letter ran in the New York Times: “There but for the grace of God go us.”
Jack and Suzy Welch
Coming up any day now, there’s going to be one helluva party at Facebook. Champagne, confetti, speechifying, really loud music — you name the hoopla. And why not? Companies don’t go public for a gazillion dollars very often.