Goldman Sachs critic Greg Smith may get $1 million for a tell-all memoir of his time at the investment bank, Keith Kelly reports:
One top editor said he believed the auction was already nearing the magic $1 million mark.
Smith is being represented by Paul Fedorko at N.S. Bienstock, an agency that specializes in reality TV shows and news personalities.
Fedorko didn’t return calls for comment.
Others in the publishing industry were a little more skeptical.
“It could go either way,” said another top editor who is not involved in the bidding when asked if the auction could crack $1 million.
“There’s some big upside potential as well as some downside.”
The truth about publishing is that no one really understands what makes books sell.