Greg Smith’s actions in publicly exiting Goldman Sachs this month with an open letter in the New York times lamenting the lack of values in the venerable investment bank powerfully underscores the values point. Two days later, Goldman Sachs had lost over $2.3 billion in market value. Values are inextricably linked to value transformation in the Global Village, where social media can empower a previously anonymous middle management executive to open and expose the values deficit in corporate behaviour in a seemingly invincible global company, with devastating consequences. Continue reading →