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Greg Smith Goldman Sachs' memoir 'short on facts,' says New York Times

Greg Smith, the former executive director of Goldman, releases his memoir "Why I Left Goldman Sachs" Monday.

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Headquarters of Goldman Sachs in lower Manhattan June 22, 2012 in New York. (Stan Honda/AFP/Getty Images)

Greg Smith ignited a controversy in March when he quit his position as executive director of Goldman Sachs with an op-ed in the New York Times, calling the financial firm "toxic." 

Now, Smith's tell-all memoir of his time at Goldman has leaked, and according to the newspaper that published his dramatic exit, it is "curiously short on facts." 

"The book not only fails to deliver concrete examples to back up his sweeping conclusions, but he admits changing 'names or descriptors' for some (but not all) people and acknowledges that what he does disclose is 'from memory,'" wrote the New York Times' business columnist James B. Stewart, adding that it is "virtually impossible" to verify much of what Smith writes. 

More from GlobalPost: 'Why I Am Leaving Goldman Sachs': Greg Smith's resignation letter blasts 'toxic' firm

Goldman Sachs has struck back in anticipation of the book's release on Monday: the firm has published the investigation it conducted after Smith's opinion piece ran earlier this year. According to the probe, Smith was denied a $1 million raise as well as a promotion in December 2011, and suggests the op-ed was a reaction to that, Business Insider reported

The company also sent a two-page "Briefing Toolkit" to all its employees to equip them with talking points for those inevitable awkward conversations at dinner parties and on first dates, New York Magazine reported

Though the book may be disappointing to critics and anxiety-inducing to Goldman, it definitely made up for Smith's lack of a raise: Hachette Book Group's Grand Central Publishing offered the ex-employee an advance of almost $1.5 million, Investment Europe reported

http://www.globalpost.com/dispatch/news/business/121020/greg-smith-goldman-sachs-memoir-short-facts-new-york-times