Goldman 'Traitor' Scores $1.5M for Tell-All

Ex-Sachs exec Greg Smith to make big bucks on memoir
By Mark Russell,  Newser Staff
Posted Mar 30, 2012 8:21 AM CDT
Traders work in the Goldman Sachs booth on the floor of the New York Stock Exchange Thursday, March 15, 2012.   (AP Photo/Richard Drew)

(Newser) – It looks like the Goldman Sachs exec who ripped the company in a New York Times editorial when he quit isn't going to suffer too badly for his angry farewell notice. Hachette's Grand Central imprint is paying Greg Smith $1.5 million for the worldwide rights to a tell-all book about his time with the investment house, reports the New York Post. Thanks to Smith's agent, the publishing industry was whipped into a frenzy for his memoir, quickly moving bidding into the seven figures.

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