Must Read: Why I left Goldman Sachs, A Wall Street Story by Greg Smith
Why I Left Goldman Sachs” promises to be a tell-all of Mr. Smith’s 12-year career at the bank. His opinion article in The Times described Goldman as a once-vaunted institution that had lost its way. He wrote that when he first joined the bank as an intern in the summer of 2000, it obsessively put its clients’ interests first.
But over time, Mr. Smith said, Goldman devolved into a “toxic and destructive” culture that put profit before principle. His former colleagues mocked their clients, he said, derisively referring to them as “muppets.”
“I truly believe that this decline in the firm’s moral fiber represents the single most serious threat to its long-run survival,” Mr. Smith wrote. “It makes me ill how callously people talk about ripping their clients off.
This is a quote from Peter Latman's article in NY Times
Apparently the book is set to be published Oct. 22. Price: $18.47 Hardcover, $14.99 Kindle
Amazon - Why I Left Goldman Sachs
Certainly his $1.5 MM advance was of help for such a fast publishing track







Comments
"hello, i'm a failed
"hello, i'm a failed derivatives guy from GS, i didn't make MD and had no subordinates. i enjoy ping pong and brisket. this is my life" - greg smith
naarrr, i'm ok thanks.
Yeah, hardly a Must Read
Yeah, hardly a Must Read
"Every man should lose a battle in his youth, so he does not lose a war when he is old"
i will download it on some
i will download it on some torrent site in a couple of weeks
Some people just like the
Some people just like the attention. I doubt he left because of the culture only. I'm sure it takes much more to break a GS employee whose been there for 12 years... so thumbs up to what Oreos said.
He should appreciate that they employed him for 12 years. People are made redundant all the time and you don't see them publishing books whining about their ex-company. They just move on.
Goldman was really ethical in
Goldman was really ethical in 2000? HAHAHA
This Greg guy is hilarious.
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Strong number of college
Strong number of college students in this thread.
SirTradesaLot: Goldman was
Goldman was really ethical in 2000? HAHAHA
This Greg guy is hilarious.
I think what he meant to say was the wool was still firmly fixed over his eyes in 2000.
newfirstyear: Strong number
Strong number of college students in this thread.
Agreed.
Goldman have just about the worst reputation on the street. I wont even look at a deal if it is being lead by them. They turned screwing their clients (whether corporate finance or trading) into an art form pretty much as soon as they IPO'd.
Having said that, wont be reading the book, life's too short.
Wonder if this will become
Wonder if this will become Liars Poker of the 2012. Can't wait to find someone who read it already to summarize it for me in 5 mins.
This book will be a 200 page
This book will be a 200 page GS Elevator tweet.
I tell you, we are here on Earth to fart around, and don't let anybody tell you different.
Kurt Vonnegut
the book deal alone was worth
the book deal alone was worth $1.5 mil...go figure
Must read? Fuck this guy.
Must read?
Fuck this guy.
This whole thing was on some
This whole thing was on some website before it came out as a book.
(No subject)
GBS
GoldmanBallSachs: If I had
If I had a SB, I would throw you one right now.
samoanboy: newfirstyear: St
GoldmanBallSachs: Luv the
"The future isn't what it used to be "-Yogi Berra
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I agree that it's not ok to
The only people who don't
GBS
samoanboy: Goldman have just
Turbo leverage for capital explosion -- BD Capital
My WSO Blog
i think the guy sucks too but
IVY for Life
Hysterical. :50 best part
GBS
Goldman Sachs Capital
"The future isn't what it used to be "-Yogi Berra
"Perhaps you've failed to take into account my hidden assets"-007
The coolest cat on WSO
My BLOG