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ISBN:	1455598860 (ISBN13: 9781455598861)
Edition Language:	English

Why I Left Goldman Sachs: A Wall Street Story Paperback | Pages: 380 pages

Details Of Books Why I Left Goldman Sachs: A Wall Street Story

Title	:	Why I Left Goldman Sachs: A Wall Street Story
Author	:	Greg Smith
Book Format	:	Paperback
Book Edition	:	Anniversary Edition
Pages	:	Pages: 380 pages
Published	:	October 26th 2012 by Grand Central Publishing (first published October 24th 2010)
Categories	:	Nonfiction. Business. Economics. Finance. Biography. Autobiography. Memoir. Biography Memoir

Chronicle In Pursuance Of Books Why I Left Goldman Sachs: A Wall Street Story

On March 14, 2012, more than three million people read Greg Smith's bombshell Op-Ed in the New York Times titled "Why I Am Leaving Goldman Sachs." The column immediately went viral, became a worldwide trending topic on Twitter, and drew passionate responses from former Fed chairman Paul Volcker, legendary General Electric CEO Jack Welch, and New York City mayor Mike Bloomberg. Mostly, though, it hit a nerve among the general public who question the role of Wall Street in society -- and the callous "take-the-money-and-run" mentality that brought the world economy to its knees a few short years ago. Smith now picks up where his Op-Ed left off.

His story begins in the summer of 2000, when an idealistic 21-year-old arrives as an intern at Goldman Sachs and learns about the firm's Business Principle #1: Our clients' interests always come first. This remains Smith's mantra as he rises from intern to analyst to sales trader, with clients controlling assets of more than a trillion dollars.

From the shenanigans of his summer internship during the technology bubble to Las Vegas hot tubs and the excesses of the real estate boom; from the career lifeline he received from an NFL Hall of Famer during the bear market to the day Warren Buffett came to save Goldman Sachs from extinction-Smith will take the reader on his personal journey through the firm, and bring us inside the world's most powerful bank.

Smith describes in page-turning detail how the most storied investment bank on Wall Street went from taking iconic companies like Ford, Sears, and Microsoft public to becoming a "vampire squid" that referred to its clients as "muppets" and paid the government a record half-billion dollars to settle SEC charges. He shows the evolution of Wall Street into an industry riddled with conflicts of interest and a profit-at-all-costs mentality: a perfectly rigged game at the expense of the economy and the society at large.

After conversations with nine Goldman Sachs partners over a twelve-month period proved fruitless, Smith came to believe that the only way the system would ever change was for an insider to finally speak out publicly. He walked away from his career and took matters into his own hands. This is his story.

Rating Of Books Why I Left Goldman Sachs: A Wall Street Story

Ratings: 3.7 From 2640 Users | 263 Reviews

Assessment Of Books Why I Left Goldman Sachs: A Wall Street Story

This book is terrible. A quick summary would read like this:I did really, really good in school and got into Stanford.I did really, really well at Stanford and worked really, really hard and got an internship at GoldmanI worked really, really hard at Goldman and got promoted.I worked really, really hard at Goldman, aligned myself with the right people and got promoted again.I kept working really really hard... and aligning my self with the right people, and I didn't really like where the

3.5 stars. Solid book, relatively well written, about one man's experience and career at Goldman Sachs on Wall Street. I (a total novice when it comes to finance) learned a lot about the industry, the jobs people do there, and how firms are run. It was also interesting to read an insider's view of the 2008 financial crisis. The writing is nothing special, but the book held my attention and for the most part I followed necessary explanations of financial jargon.

While this is a story of a young mans career in finance, it is also documentation of change in organizational culture in a premier American institution. It may be a representation of what happened on Wall Street in a brief 12 years.Greg Smith had served as a GS intern and was thrilled to be among those selected for employment. He described the extensive training program, the long days, the Open Meetings, his peer group, the dress code and licensing tests (& how he took his on Sept 11, 2001).

Written with such honesty, you won't need to hear the other side of the story. Thanks, Greg.

I thought this was going to be a cynical account of Greg's time at Goldman and an expose of corruption, but it was a very insightful look into what made Goldman Sachs great, and how that got lost along the way. I detected no bitterness or anger, but mostly an almost idealistic longing for Goldman to return to the purer pre-IPO days.



Sadly, it wasn't the schadenfreude cum finger-pointing telling all that everyone hoped for after readying Greg's blistering op-ed in the Times. Replete with useless anecdotes about his girlfriend, parties, etc., the book ends up embodying the very thing that people dislike about Goldman and Wall Street: a highly privileged person sells you something that doesn't end up having the value you thought it would; you're left frustrated, and they make gobs of money.