A little more back and forth about that Goldman Sachs Twitter feed turned book deal — the book is back on!
Last week, I reported that after having gotten a book deal with Simon & Schuster imprint Touchstone, the Straight to Hell: True Tales of Deviance and Excess in the World of Investment Banking author had lost the deal since he never actually worked for Goldman Sachs.
But according to The New York Times, author John LeFevre got a new publishing deal, this time with Grove Atlantic, an independent publishing house. Plans for the book remain virtually the same; the book will be based on the Twitter account @GSElevator, a parody account that includes dark, harsh, but funny tweets supposedly overheard in the elevators at Goldman Sachs, one of the biggest investment banking firms in the world.
LeFevre, who until now had remained anonymous, received a six-figure advance from Grove Atlantic. Publishers promise the book will be strictly marketed as a work of fiction — again, because he never worked for Goldman Sachs. (He worked for Citigroup.) The book is due to be released in November.
Sounds like it’s hard to say no to this wolf of Wall Street!
Just as I was about to write this fabulous post about the seemingly funny and great book due out this fall, I learned that plans for it had been cancelled.
According to Time, the book based on the parody Twitter account @GSElevator will no longer released. This comes after the publisher learned that the writer of the Twitter account never actually worked for Goldman Sachs, the company that the tweets are based on.
@GSElevator is a parody account that includes dark, harsh, but funny tweets supposedly overheard in the elevators at Goldman Sachs, one of the biggest investment banking firms in the world. The account has more than 600,000 followers.
Entitled Straight to Hell: True Tales of Deviance and Excess in the World of Investment Banking, the book was expected to “go beyond” the “over-the-top behavior that has become associated with big Wall Street banks” described in the @GSElevator tweets.