03.30.12
Doing God’s work (continued)
Two weeks ago, the Goldman Sachs man spilling it on the opinion pages of the New York Times:
“Today, if you make enough money for the firm (and are not currently an ax murderer) you will be promoted into a position of influence …”
Now for the million dollar book offer and tour of tv news programs.
Greg Smith, the former Goldman Sachs executive who condemned the powerful investment bank in a scathing New York Times opinion column, has landed a deal to write a book about his 12 years at the firm, according to media reports on Friday.
Smith, who resigned from Goldman earlier this month, set off a bidding war when he met with several major publishers earlier this week about a book that would include details of what Smith has described as a toxic culture at the famous Wall Street firm, said a publishing industry source.
The final deal was first reported in Friday’s New York Post, which said Grand Central publishing, an imprint of the Hachette Book Group, paid a $1.5 million advance for the book.
NY Times quote from the book deal winner:
My proudest moments in life — getting a full scholarship to go from South Africa to Stanford University, being selected as a Rhodes Scholar national finalist, winning a bronze medal for table tennis at the Maccabiah Games in Israel, known as the Jewish Olympics — have all come through hard work, with no shortcuts.
It’s really hard not to lose all faith.