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'Why I Left Goldman Sachs': a viral op-ed expands into a memoir

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(Read caption) Former Goldman Sachs employee Greg Smith paints a critical picture of Goldman in his new memoir, accusing it of “routinely deceiving clients and relentlessly pursuing profit at the expense of morality."

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Greg Smith, the former Goldman Sachs employee who carried out one of the most public resignations in history when he quit Goldman the same day The New York Times published his high-profile New York Times op-ed “Why I Am Leaving Goldman Sachs,” is back with another salvo, this time in the form of a tell-all memoir.

“Why I Left Goldman Sachs” describes Smith’s ascent from summer intern in 2000 to equity derivatives salesman in Goldman’s London office, the position he quit in March 2012. Along the way, the 277-page memoir paints a critical picture of Goldman, accusing it of “routinely deceiving clients and relentlessly pursuing profit at the expense of morality,” according to the AP.

But while Smith’s March op-ed struck a nerve and went viral, leaving Smith a hero in some readers’ eyes for taking a stand and revealing the corruption at Goldman, his follow-up book, at first glance, doesn’t appear to contain any groundbreaking news – or to be generating the same praise.

“Preliminary reviews of Greg Smith’s ‘Why I Left Goldman Sachs,’…have been lackluster,” writes Reuters. “Critics say the book contains few revelations, given that it had been hyped as a ‘tell all’ look at the investment bank.”

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