22 February 2017
visit nextgenbanking.co.uk

The ups and downs of @GSElevator: Twitter gossip loses book deal

07 March 2014  |  2802 views  |  0 Goldman Sachs logo

The man behind the @GSElevator Twitter account has lost his six-figure book contract in the wake of revelations that he never actually worked for Goldman Sachs.

In a brief statement, publisher Touchstone says: "In light of information that has recently come to our attention since acquiring John Lefevre's 'Straight to Hell,' Touchstone has decided to cancel its publication of this work."

For nearly three years, @GSElevator claimed to dish the dirt to hundreds of thousands of followers, revealing what employees at the poster boy for Wall Street excess say behind closed doors about the great unwashed.

The account proved so popular it earned its author a lucrative contract for a book, to have been called "Straight to Hell: True Tales of Deviance and Excess in the World of Investment Banking,"

But last month things began to unravel when the New York Times uncovered the tweeter's true identity: John Lefevre, a 34-year-old, Texas-based, former Citi employee and bond executive but not a Goldman employee.

Touchstone initially seemed unconcerned about the revelation but waters have since been muddied by claims of plagiarism and suggestions that the Twitter account was the work of more than just Lefevre.

Lefevre has told the New York Times that he is baffled by the decision to tear up his contract, while Goldman Sachs couldn't resist the opportunity to gloat:

KeywordsSOCIAL MEDIA

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related company news

 

Related company information

Goldman Sachs

Related blogs

Create a blog about this story (membership required)
visit dh.com

Top topics

Most viewed Most shared
IBM and Visa join forces to turn billions of connected devices into points of saleIBM and Visa join forces to turn billions...
18824 views 11 comments | 56 tweets | 92 linkedin
EBA to relax controversial PSD2 authentication rulesEBA to relax controversial PSD2 authentica...
9876 views comments | 49 tweets | 67 linkedin
hands typing furiouslyBlockchain Technology
9214 views 0 | 8 tweets | 1 linkedin
Kevin the bot uses blockchain to offer insurance for P2P transactionsKevin the bot uses blockchain to offer ins...
8852 views comments | 19 tweets | 15 linkedin
RBS to become fintech fund and high street outlet for challenger banks under HMT remedyRBS to become fintech fund and high street...
7564 views comments | 37 tweets | 33 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job