Twenty five years ago I quit a job on Wall Street to write a
book about Wall Street. Since then, every year or so, UPS has delivered to me a
book more or less like my own, written by some Wall Street insider and
promising to blow the lid off the place, and reveal its inner workings, and so
on. By now, you might think, this game should be overlike one of those trick
birthday candles that, no matter how hard you blow on it, flickers back to life…..
Enter Greg Smith, in the latest attempt to extinguish the
eternal flame. Why I Left Goldman Sachs began last year as the most e-mailed
and talked-about opinion piece that The New York Times had published in a long
time. Here the author recounts how he spent most of the six months leading up
to last March working at Goldman by day while writing up his deeply felt
grievances against Goldman by night. When he finished he had a 1,500-word
counterblast but no place to put it: he e-mailed it to the general address for
blind submissions to the Times op-ed page. He heard nothing for a month, and so
finally dug out the e-mail addresses of four Times editors, and sent his piece
to all of them. The next morning the Times got in touch with him. (There's a
lesson here for aspiring Times op-ed writers.) Skeptical that a Goldman Sachs
employee was prepared to break ranks, the Times sent a reporter over to
Goldman's London
office—where Smith worked—to confirm his existence. The day before the paper
finally published his piece Smith went into Goldman, cleared out his stuff, and
caught a flight back to New York .
When the piece hit the Web, he appears to have been somewhere over the Atlantic ….
Wait…wait..this is just starting….Read all about it at http://www.newrepublic.com/article/112209/michael-lewis-goldman-sachs
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