TVNewser FishbowlDC AgencySpy TVSpy LostRemote PRNewser SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

Ex Goldman Sachs Exec Greg Smith Gets $1.5 Million Book Deal

Sorry to start your Friday out like this, but we’ve got to tell you: The rich do, in fact, get richer. Greg Smith, the former Goldman Sachs executive who quit with a hilarious New York Times Op-Ed, is getting $1.5 million to write a memoir.

On Wednesday we heard that the deal was going to be about $1 million (which is absurd enough), but The New York Post reports that Hachette Book Group has agreed to pay a $1.5 advance to Smith.

Oh, and get this: that payday is about triple his old annual salary at Goldman Sachs.

USA! USA! USA!

Mediabistro Course

Personal Essay Writing

Personal Essay WritingStarting October 28, work with a published journalist to draft, edit, and sell your first-person essays! Jessica Olien will help you to workshop your writing so that it's ready to pitch to editors. You'll learn how to tell your personal story, self-edit you work to assess voice, style, and tone, and sell your essays for publication. Register now!