Wednesday, March 28, 2012

How You Can Quit Your Job and Make $1 million

Sound impossible? Not so. For example take former Goldman Sachs executive Greg Smith, who resigned this month via a scathing op-ed in the New York Times, has triggered a media bidding war for his memoir of life inside the belly of the Wall Street beast.

One top editor said he believed the auction was already nearing the magic $1 million mark. Smith is being represented by Paul Fedorko at N.S. Bienstock, an agency that specializes in reality TV shows and news personalities. Fedorko didn’t return calls for comment.

Others in the publishing industry were a little more skeptical.
“It could go either way,” said another top editor who is not involved in the bidding when asked if the auction could crack $1 million. “There’s some big upside potential as well as some downside….”

Read more: http://www.nypost.com/p/news/business/bidding_war_for_smith_book_could_uIGA27t3bhOxIWL2U7Nf8H

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