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Former Goldman Sachs Executive Greg Smith Inks $1.5M Book Deal

Greg Smith, the former Goldman Sachs executive director who quit his job earlier this month in a scathing New York Times op-ed, has reportedly landed a $1.5 million book deal with Hachette’s Grand Central imprint.

Apparently the book inspired a bidding war. Sarah Weinman and The Awl have raised another important question: Will the book earn back its advance? The news comes only days after news broke that literary agent Paul Fedorko was shopping the book.

The New York Post has more: “By Monday, with the price tag flirting with the $1 million mark, it was down to two bidders, Penguin and Hachette Book Group. Hachette’s Grand Central Publishing finally nailed the deal with a $1.5 million advance yesterday.”

In the op-ed, Smith blasted the company’s current management, who he claims has ruined the culture at the financial powerhouse. Here is more from his post: “To put the problem in the simplest terms, the interests of the client continue to be sidelined in the way the firm operates and thinks about making money.”

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Lauren Berger Writes New Book for Young People Entering "Real World"

Lauren Berger Welcome to the Real WorldCareer Expert, Lauren Berger, releases her second book, Welcome to the Real World: Finding Your Place, Perfecting Your Work, and Turning Your Job Into Your Dream Career (Harper Business), on April 22nd. In this book, Berger shares everything she wishes someone told her after graduation. Her book is the essential guide to anyone starting their first, second, or third job. She encourages readers to be fearless, step outside of their comfort zones, and go after what they want.