With a simple email reply of “C’est la vie,” Lucas Van Praag stayed true to form in confirming his departure as chief spokesman for Goldman Sachs. That news was the logical conclusion to the leak earlier in the week to Bloomberg that former Geithner aide and Clinton Administration Press Secretary Jake Siewert was in talks to take over Van Praag's role.
A shakeup in Goldman's efforts to more effectively rebut its critics and explain its business model is not surprising. And it may be noteworthy that it occurred a full four years after the financial crisis began.
The bigger story is that only only Van Praag is leaving. The rest of Goldman's senior leadership isn't going anywhere for the time being. And they far more responsible for all that's gone wrong at Goldman than Van Praag.
Read more: http://www.businessinsider.com/lloyd-blankfein-just-fired-his-fall-guy-but-goldmans-problems-arent-going-away-2012-2#ixzz1lF4ck1Y4
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