'Why I Am Leaving Goldman Sachs': Too Many 'Muppets'? Greg Smith Dishes Details on Wall Street Firm

This morning The New York Times published a brutally honest account from former Goldman Sach's employee Greg Smith, who quit the established firm today. Smith criticized the company for its loss of culture, deeming it as an environment that is "as toxic and destructive as I have ever seen it."

The ex-employee attacked the company's treatment of clients, citing it as a reason for his departure.

"It makes me ill how callously people talk about ripping their clients off," he wrote. "Over the last 12 months I have seen five different managing directors refer to their own clients as 'muppets,' sometimes over internal e-mail."

Delving into the employees' money-hungry approach, Smith addressed concerns about the firm's influence on upcoming workers.

"You don't have to be a rocket scientist to figure out that the junior analyst sitting quietly in the corner of the room hearing about 'muppets,' 'ripping eyeballs out' and 'getting paid' doesn't exactly turn into a model citizen," he wrote.

The resignation letter quickly spread across the Internet, with readers sharing the link and adding their own commentary via Twitter.

"'Muppets!' Wow- how to resign in style from Goldman Sachs," one user tweeted.

"Great article, resignation letter, and insight. Muppets?..." another user posted.

One reader offered his opinion on which Muppet would make it in the Wall Street scene.

"I think Beaker would make the best banker," the user tweeted.

Other Twitter users rallied for the Muppet's green felted amphibian frontman.

"Kermit The Frog will lead the Muppet revolt against Goldman Sachs," one post read.

"So if Goldman Sachs is the Muppet Show, does that make Lloyd Blankfein= Kermit?" wrote another.

Although the term is tied to Jim Henson's cast of puppet characters on "The Muppet Show," the word is actually a derogatory slang term referring to "a stupid person."

The AP reported that Goldman Sachs issued a statement disagreeing with Smith and his account of client treatment.

"In our view, we will only be successful if our clients are successful," the statement said. "This fundamental truth lies at the heart of how we conduct ourselves."