Must Read: Why I left Goldman Sachs, A Wall Street Story by Greg Smith
Why " 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
Certainly his $1.5 MM advance was of help for such a fast publishing track