There is a growing perception that our capitalist system is “rigged” toward the powerful and inaccessible to average citizens. Meanwhile, our political system has ground to a halt, mired in dysfunctional party politics and posturing. As a result, CEOs have generally disengaged from the ridiculousness that has become Washington, D.C. But leaving the battlefield does not mean the war has ended.
In the 1970s, before financial institutions became public shareholder owned companies, a partnership model prevailed. Following Greg Smith's infamous New York Times op-ed on Goldman's alleged money-crazed culture, Allan Grody asks the question, has globalization eviscerated the partnership culture?