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Why I Left Goldman Sachs - A Wall Street Story (Large print, Paperback, Large type / large print edition)
Loot Price: R840
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Why I Left Goldman Sachs - A Wall Street Story (Large print, Paperback, Large type / large print edition)
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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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