The vampire squid giveth, and the vampire squid taketh away. Not that they really had anything to do with the following. On the heels of a very public outing, the voice behind snarky Twitter (and WSO) account @"GSElevator" John Lefevre has reportedly lost his recent book deal with Simon & Schuster. Perennial butt of his jokes wasted no time in gloating on Twitter:
Guess elevators go up and down, http://t.co/xkDPZgaCI8
— Goldman Sachs (@GoldmanSachs) March 6, 2014
The reason the book deal was pulled? Ostensibly it was the fact that Lefevre never actually worked at Goldman, but I think most of us would agree that's probably bullshit. I mean, at least Lefevre is a fellow finance guy who knows about which he speaks, whether or not he ever personally recommended the purchase of CDOs before going short himself. Far more likely is that fact that his outing cost him some of his mystique, and for Simon & Schuster the very possibility of decreased book sales was enough to yank the deal.
I have no doubt that another publisher will step in and the book will get made. Maybe he's even pissed enough to air some stuff he was going to hold back. In any case, Byrd Leavell is his agent and that guy is an absolute assassin in the publishing world, so have no fear: you will someday read this book.
As a fellow author, I feel bad for him and as a fan of his humor I feel bad for all of us. But again, I'm sure it's a temporary setback.
Keep fighting the good fight, @"GSElevator". And keep giving 'em hell. It's obviously working.