Cornerstone OnDemand shares are trading lower Tuesday morning after Goldman Sachs analyst Greg Dunham this morning reduced his rating on the software-as-a-service company to Neutral from Buy.
Greg Smith, the disillusioned Goldman Sachs employee who left the firm in March with a scorched-earth op-ed in The New York Times, is back in the news as his tell-all book hit shelves last week.
Nearly two weeks after Goldman Sachs executive Greg Smith excoriated the firm in his already fabled resignation letter published in The New York Times, news analysts are now asking a fundamentally important question: from a business standpoint, to what extent should Goldman Sachs really need to be concerned?