Why I Left Goldman Sachs Book Reviews

AUTHOR
Greg Smith
SCORE
4
TOTAL RATINGS
207

Why I Left Goldman Sachs by Greg Smith Book Summary

An insightful and devastating account of how Wall Street lost its way from an insider who experienced the culture of Goldman Sachs first-hand.

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.

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Book Name Why I Left Goldman Sachs
Genre Finance
Published
Language English
E-Book Size 910.87 KB

Why I Left Goldman Sachs (Greg Smith) Book Reviews 2024

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Puts a negative light on aspects of Goldman Sachs.. Distorts the facts.

Wall street unmasked. Really enjoyed reading this and learning about the workings of wall street from an insider. The story is told in a way that is easy to understand and sheds light on so many of the troublesome practices that effect the financial industry

Good and the bad. Great book. A Lot of what I expected this was going to be about. I agree with a lot of what Greg put in this book but think he should have tried a little harder to bring it up to someone higher than his direct reports and partners. But I enjoyed the read.

Why I Left Goldman SACHS. A great read

Why I Left Goldman Sachs. This is a great book for anyone, regardless if you lack a finance oriented background.

Great read!. Very interesting behind the scenes look at investment banking. Greg is a great story-teller. I lived thru all of this, but now have a much clearer understanding of the events. Greg raises a great challenge to get involved in encouraging regulation.

Whiney. Author is a whiner and a lousy writer

Great Book nothing but the true. Read it and you understand some facts about why this crisis continues

Loved it. Great book read a couple pages of the sample and bought it immediately

Sheds Light On The Reckless Criminal Behavior of Goldman Sachs.. This book should come as a breath of fresh air to the millions of people and countries, (Greece),(USA), around the world who's lives and economies have been destroyed by these Wall Street white collar gangsters. It made me wonder why not one of these sociopaths has been brought to justice by the DOJ since the stock market crash and bailout of 2007 that Goldman Sachs and other firms orchestrated themselves. Highly Recommended Reading!

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Summary of Why I Left Goldman Sachs by Greg Smith

The Why I Left Goldman Sachs book written by Greg Smith was published on 22 October 2012, Monday in the Finance category. A total of 207 readers of the book gave the book 4 points out of 5.

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