Why I Left Goldman Sachs: A Wall Street Story Audiobook (Free)

On March 14, 2012, more than three million people read Greg Smith’s bombshell Op-Ed in the New York Moments titled ‘Why I Am Departing Goldman Sachs.’ The column instantly went viral, became a worldwide trending topic on Tweets, and drew passionate responses from former Fed chairman Paul Volcker, renowned General Electric powered CEO Jack Welch, and NEW YORK mayor Mike Bloomberg. Mostly, though, it hit a nerve among the general public who query the role of Wall Road in society — as well as the about Why I Still left Goldman Sachs: A Wall Street Tale callous ‘take-the-money-and-run’ mentality that brought the globe economy to its knees a few brief years back. Smith now accumulates where his Op-Ed remaining off.

His story begins in the summertime of 2000, when an idealistic 21-year-old arrives as an intern at Goldman Sachs and learns about the firm’s Business Concept #1: Our clients’ passions always come first. This remains Smith’s mantra as he rises from intern to analyst to product sales trader, with clients controlling assets of more than a trillion dollars.

From the shenanigans of his summer internship through the technology bubble to Las Vegas hot tubs and the excesses of the true estate boom; from your career lifeline he received from an NFL Hall of Famer during the carry market to your day Warren Buffett found save Goldman Sachs from extinction-Smith will need the reader on his personal journey through the firm, and bring us inside the world’s most effective bank.

Smith describes in page-turning details how the most storied purchase bank on Wall structure Road went from taking iconic companies like Ford, Sears, and Microsoft public to becoming a ‘vampire squid’ that referred to its customers as ‘muppets’ and paid the federal government an archive half-billion dollars to settle SEC fees. He shows the advancement of Wall Road into a business riddled with conflicts of interest and a profit-at-all-costs mentality: a perfectly rigged video game at the trouble of the overall economy and the society most importantly.

After conversations with nine Goldman Sachs partners over a twelve-month period proved fruitless, Smith came to believe that the only way the machine would ever change was for an insider to finally speak out publicly. He strolled away from his profession and took issues into his personal hands. This is his story.