Ex-Goldman Sachs exec Greg Smith could land $1 million book deal
Former Goldman Sachs exec Greg Smith may never work in financel again after slamming GS in a New York Times op-ed last month, but he may find fortune with his memoir of life at the finance giant.
According to the New York Post, one top editor said the auction for a possible Smith book was nearing $1 million, but others are skeptical.
"It could go either way," another editor told the Post. "There’s some big upside potential as well as some downside."
Smith’s resignation in a March 14 op-ed drew both praise and criticism from big wigs in the financial realm, including T2 Partners LLC Founder Whitney Tilson, Former Federal Reserve Chairman Paul Volcker and Mayor Mike Bloomberg.
An avid Ping Pong player and South African native, Smith started at Goldman as an intern and worked his way up, but resigned after he noticed a "decline in the firm’s moral fiber."
Goldman lost $2.15 billion after the op-ed was published, but quickly rebounded.