Goldman Performance-Review Leaks May Scare Staff, Smith Says

Goldman Sachs Group Inc.’s decision to provide some of former employee Greg Smith’s performance reviews to the media may scare staff at the firm about the privacy of their own reviews, Smith said.

“What are people at Goldman thinking? Are they thinking ‘Is this going to be leaked out to the public?’” Smith, 33, said in an interview today with Stephanie Ruhle on Bloomberg Television’s “Market Makers.”

Goldman Sachs, the fifth-biggest U.S. bank by assets, said Smith was denied a raise and a promotion he sought in the months before he quit the firm with a New York Times op-ed piece that criticized how the company treated employees. Documents provided by the firm to Bloomberg News showed one of Smith’s managers calling him “off the charts unrealistic” in his demands.

Smith, whose book “Why I Left Goldman Sachs: A Wall Street Story” went on sale this week, said the information provided by the firm about him in a nine-page document withheld positive reviews he’d received.

Goldman Sachs should have “released all of my reviews from my entire career and read them out on air,” Smith said. “I’m disappointed that instead of shooting the messenger that Goldman Sachs doesn’t address the issues.”

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