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The collapse of online grocer Webvan, once Niman's biggest client, has hurt.
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Federal Reserve Chairman Paul Volcker said that ever since Goldman went public in 1999, it "became a trading operation," which has hurt both its clients and the economy.
Mr. Saluzzi acknowledges that computerized trading has hurt firms like Themis, which executes trades on behalf of clients.
Still, competition has hurt.
Overheating has hurt competitiveness.
"This has hurt us".
Consolidation has hurt, too.
That has hurt earnings.
Technology has hurt us.
Hurt who has hurt you.
The latest quarter's profit was reduced by a $262 million settlement charge linked to allegations that the company gained business from brokers through contingency and special compensation payments that might have hurt clients.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com