Goldman Sachs found 4,000 “muppet” references in staff email – but there’s a twist

The Financial Times is reporting that Goldman Sachs has wrapped up its internal investigation into claims made by Greg Smith, who quit the firm in a bridge-burning New York Times op-ed. You’ll recall Smith’s most memorable claim: “Over the last 12 months I have seen five different managing directors refer to their own clients as ‘muppets’, sometimes over […]

Jaclyn Densley 12 October, 2012

The Financial Times is reporting that Goldman Sachs has wrapped up its internal investigation into claims made by Greg Smith, who quit the firm in a bridge-burning New York Times op-ed.

You’ll recall Smith’s most memorable claim: “Over the last 12 months I have seen five different managing directors refer to their own clients as ‘muppets’, sometimes over internal email.”

Investigators interviewed dozens of staff and sifted through millions of emails, finding about 4,000 “muppet” references.

But they said 99% of those referred to last year’s movie of the same name, Quartz reports.