Greg Smith Seeks a “Book Deal”

Greg Smith, the former Goldman Sachs Executive who resigned this month and condemned the investment bank in a scathing New York Times opinion column, is seeking a deal to write a book about his experience there, as Smith met with several publishers this week, as the newspaper reported.

NY Times said “According to several people who were present, Mr. Smith described his book as a coming-of-age story, the tale of someone who came into the business with good intentions and sky-high ideals that were ultimately pierced by Goldman’s obsessive focus on making money,”

Smith, who ran Goldman’s U.S. equity derivatives business in Europe, the Middle East and Africa, spent nearly 12 years at Goldman Sachs (GS.N). He is proposing to look at the investment bank’s history and offer a personal perspective on a perceived change in its corporate culture, the Times reported.

The Times said some publishers expressed concern about potential legal issues involving Goldman, and whether readers would be interested in a narrative about derivatives trading, as Reuters stated.

To be mentioned that, in a New York Times opinion column published March 14, Smith said Goldman had become a “toxic” place that put its own interests ahead of those of its clients. The bank said in a statement after the piece appeared that it disagreed with Smith, and his views did not reflect its business practices.