Published On: Thu, Mar 22nd, 2012

Goldman Sachs Group to Scan Internal Emails for “Muppet” and other Derogatory Terms

Goldman Sachs Group Inc. has begun scanning internal emails for the term “Muppet” and other evidence that employees referred to clients in derogatory ways, Chief Executive Lloyd Blankfein told partners in a conference call this week, reported Reuters citing people familiar with the call.

The company-wide email review comes after an executive director with the company Greg Smith resigned last week in a scathing op-ed column in the New York Times, in which he said he saw Goldman Sachs managing directors refer to clients as “Muppets,” at times over internal email, reports Reuters.

In Britain, “Muppet” is slang for a stupid person.

In a conference call, Blankfein said the company was taking Smith’s claims seriously and was conducting a review of his assertions, including the email scan, according to the people familiar with the matter.

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