Ex-Goldman Exec’s Memoir Panned

    A trader works in the Goldman Sachs booth on the floor of the New York Stock Exchange Thursday, March 15, 2012. Greg Smith, an executive director at Goldman Sachs, resigned with a blistering public essay that accused the bank of losing its "moral fiber," putting profits ahead of customers' interests and dismissing customers as "muppets." (AP Photo/Richard Drew)

    Richard Drew / AP Photo

    If there’s a bad review of a tell-all about Wall Street, does it matter? That’s what publishers will be asking after The New York Times panned a book by ex–Goldman Sachs executive Greg Smith, who quit in spectacular fashion in an opinion piece in the Times. His book, Why I Left Goldman Sachs, goes on sale Monday, and the Times describes it as “curiously short on facts” and says there are almost no examples of the so-called toxic atmosphere that caused him to pen the piece in the first place—aside from the now-infamous way managing directors called their clients “muppets.” Also problematic? Smith says the book is “from memory” and he tries to “retain the spirit of what actually happened”—and the Times finds several inconsistencies.

    Read it at The New York Times