Why I Left Goldman Sachs: A Wall Street Story

Why I Left Goldman Sachs: A Wall Street Story

by Greg Smith
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Why I Left Goldman Sachs: A Wall Street Story by Greg Smith

On March 14th 2012, readers of the New York Times awoke to an Op-Ed "Why I Am Leaving Goldman Sachs." Within 24 hours, 3 million visitors to the Times' website had checked out Greg Smith's account of how an investment bank that was once a proving ground for high-ranking government officials had become a place where clients were referred to as "Muppets."
The Op-ed became one of the most talked about and influential opinion pieces in recent memory. Smith became a global trending topic on Twitter, generated 120 million Google entries and more than 5,000 articles across the web. The story was carried on the front pages of newspapers across the world, from the US, to the UK and Europe, Australia, Hong Kong, and in South Africa.
The answers to the questions Smith posed in his Op-Ed will become the starting point for his upcoming book-a book in which the author will relate his growing disenchantment with the corporate culture, specifically those ways in which Goldman Sachs has recently taken advantage of its clients, and who is to blame for the collapse in ethics.
WHY I LEFT GOLDMAN SACHS will use scenes, stories and characters from his twelve years at Goldman Sachs to show Main Street why they distrust Wall Street. The book will take the reader inside the walls of an institution that keeps conspiracy theorists up at night

The book will address the following topics:

* Even after the 2008 financial crisis, why does Wall Street still put its own interests ahead of the interests of its clients?
* What danger does this breakdown in trust between banks and their clients pose for global capital markets?
* Is it really true that ethical behavior and big business cannot co-exist at the same time?
* What value should one place on a deep-rooted corporate culture?
* Do people really understand the deep conflicts of interest that still exist at banks that are deemed "Too Big To Fail"?
* And finally, how does Wall Street exploit these conflicts of interest to make so much money?

These questions will not be answered in a preachy way. The book will tackle the above issues with juicy, page-turning anecdotes culled from Smith's own adventures as an intern, trader, analyst, salesman and middle manager.

Product Details

ISBN-13: 9781455527472
Publisher: Grand Central Publishing
Publication date: 10/22/2012
Pages: 288
Sales rank: 477,891
Product dimensions: 6.10(w) x 9.10(h) x 1.20(d)

About the Author

Greg Smith resigned this spring as the head of Goldman Sachs' United Stated equity derivatives business in Europe, the Middle East and Africa.
Born-and-raised in Johannesburg, South Africa, Smith graduated from Stanford University before going to work for the firm in the summer of 2001. He spent his first 10 years in the New York headquarters before moving to London in 2011. Outside of the financial sphere, Smith won a bronze medal for table tennis at the Maccabiah Games in Israel.

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Why I Left Goldman Sachs: A Wall Street Story 4.5 out of 5 based on 0 ratings. 17 reviews.
Anonymous More than 1 year ago
A well written and detailed book everyone should read
SubwayReader More than 1 year ago
A fast paced and interesting read that only serves to confirm what anyone with a modicum of sense already new about the Wall Street / Goldman culture. At times its a little self serving, but nothing I couldn't personally look past and laugh off for what it was.
Anonymous More than 1 year ago
Monrovilla More than 1 year ago
Very good read for me. I recommend this book to all people. Like Greg said to Mom & Pop. We are the ones affected by their greed and should be aware and take action. I love is "call to arms". I will contact my congressman and congresswoman. They should have the guts to do something about our corrupt system.
Anonymous More than 1 year ago
I have read over half a dozen books about the financial mess we are in - yes we are still in it. No one seems to listen to any of these authors about the culture of the "too big to fail" banks. Smith, whom I hope is as altruistic as he writes, needs an audience. So buy the book and read it!
Anonymous More than 1 year ago
Excellent. Really paints the picture vividly and educating along the way.
Amanda029 More than 1 year ago
Usually I get bored easily when I read books, but this one! I loved it. It's about intimidating, funny, and  interesting life at Sachs. 
Anonymous More than 1 year ago
Eric sits and Jenny lays on her bed.
Anonymous More than 1 year ago
Anonymous More than 1 year ago
Anonymous More than 1 year ago
An excellent read regarding the ins & outs of wall street. Very interesting and an eye opener. Thanks for the insight Greg!!!
Anonymous More than 1 year ago
Anonymous More than 1 year ago
Smith elaborates on the culture and insides of GS in a way for everyone to understand. He conflicts the positives and negatives in his career with the firm. This book is a must read for anyone seeking to know what a career at Goldman Sachs is like. 
Anonymous More than 1 year ago
Anonymous More than 1 year ago
Anonymous More than 1 year ago
Centers on the change in the culture of Wall Street.
Anonymous More than 1 year ago