Goldman tells staff to cut the crap
Staff at Goldman Sachs have been told to refrain from salty language, after embarrassing emails that revealed the bankers’ liberal use of profanity to describe their own products.
Staff at the venerable Wall Street firm will face tighter curbs on swearing in emails, texts and instant messages, as filters are toughened, the firm said.
In April, Goldman’s chief executive was hauled before a congressional committee and dressed down by lawmakers wielding expletive-laden emails from his staff.
Quoting liberally from one message, Democratic Senator Carl Levin accused Goldman’s Lloyd Blankfein of shopping a “s***ty deal” to investors.
A Goldman spokesman said there was no shift in the firm’s policy.
“The policy referred to is not new,” said Michael Duvally. “We have merely made improvements recently to our surveillance systems. The policies have existed for a very long time.”