Goldman Sachs Calls Customers Muppets

The finance world is abuzz over Greg Smith's New York Times op-ed article, in which he explains his reasons for leaving Goldman Sachs. Having worked at the investment bank for 12 years and being the former head of Goldman's equity derivatives business in Europe, the Middle East, and Africa, Smith's allegations definitely have more weight than a former disgruntled intern.

One sentence that caught my eye was when Smith revealed that he had witnessed five managing directors call their clients "Muppets." The term was meant as an insult, but I really think that these MDs aren't give our favorite TV puppets enough credit. Read on to find out what these wise Muppets can teach us.