'The tell-all book that Goldman Sachs Group Inc former equity derivatives salesman Greg Smith has delivered may end up being remembered more for the marketing skills he picked up at the Wall Street bank than for any bombshell revelations'.
'What to make of Goldman Sachs Group Inc.'s release to Bloomberg News of internal self-assessments and peer reviews of Greg Smith, who left the firm in March through a notorious op-ed piece in the New York Times. While the release of the documents does raise troubling questions for the bank itself, what they reveal about Smith - without question - is that he is nothing more than a sweet-talking con man
He conned the Times into thinking he was resigning from Goldman Sachs on principle, when he was really nothing more than a disgruntled and ambitious former employee who wanted a bigger bonus and a bigger title and got, and merited, neither'.
William Cohan, Bloomberg
'Why I Left Goldman Sachs, goes on sale on Monday. Despite tight security, copies of the book have been circulating, and I read one. The book not only fails to deliver concrete examples to back up his sweeping conclusions, but he admits changing 'names or descriptors' for some (but not all) people and acknowledges that what he does disclose is 'from memory'.
James Stewart, The New York Times
'Greg Smith, who blasted Goldman Sachs when he publicly resigned from the firm and is releasing a book about his experience there, is telling a story that increasingly doesn’t make any sense.
In his first television interview since submitting his resignation letter to the opinion pages of The New York Times in March, Smith continued to say things that were inconsistent with some of his biggest allegations against Goldman Sachs'.
'While the 277-page book, Why I Left Goldman Sachs, paints an unflattering picture of Goldman in the years before and after the financial crisis, it does not contain any blockbuster discoveries that could to lead to trouble for the bank’s top executives'.
The Financial Times
Why I Left Goldman Sachs presents itself as an exposé, it is really a typical Wall Street memoir, in which the author wistfully recounts his youthful exploits and trading-floor antics before haranguing others not to follow in his footsteps'.
Matt Levine, The Wall Street Journal
‘Tell all’ Goldman book published (Subscription service only)
Exposing Wall Street - Or Not (Subscription service only)