☰ Menu eFinancialCareers

Meet the two sources that outed @GSElevator

dv1243009

The story of John Lefevre, author of the infamous @GSElevator Twitter account, has been a fascinating one to follow. The latest chapter is no less disappointing.

Media outlets had chased Lefevre’s shadow for three years, with the pressure intensifying 10-fold when it was announced that he was penning a tell-all book. But only one person nabbed him: Andrew Ross Sorkin from the New York Times. How’d he do it? The man behind the Twitter account has his theory.

Lefevre told the New York Observer that Sorkin had two sources. The first, “obviously,” was Goldman Sachs, according to Lefevre. While he never actually worked at Goldman, a fact that spurred Simon & Schuster to cancel his book deal, Lefevre was offered a job at Goldman in 2010 – one that was later revoked.

It certainly made sense for Goldman to lend a hand in outing Lefevre, whose tweets shined light on the fraternal and money-obsessed culture of banking, but also sullied Goldman’s reputation to some degree. The bank launched an internal inquiry at one point to try to flush out the identity of @GSElevator.

If Goldman did have a hand in assisting Sorkin, they weren’t afraid to enjoy it, if only for a second. The official company account tweeted: “Guess elevators go up and down” soon after Lefevre’s book deal was squashed. (It is now back on through a different publisher). A rather stunning, and admittedly funny move from such a buttoned-up corporation.

The second source who snitched to Sorkin was Lefevre’s ex-girlfriend, believes the 34-year-old former bond executive. “Mr. Sorkin is best friends with my ex-girlfriend’s father,” he told the Observer.

That breakup came back to haunt him.

90 Most-Important Seconds of an Interview (eFinancialCareers)

Banks want to know how your got here, why you want to work for them and, perhaps most important, why your experience fits the bill. Here’s how MBAs do it, in a rather scientific fashion that could only be developed by business schools.

Why Recruiters Reject You (eFinancialCareers)

Recruiters in the financial sector tell us why candidates generally fail, and what you can do to maximize your chances in the future.

Up to 30 (WSJ)

Kai Lew, a director of sales at Deutsche Bank in London, was put on leave last month after the bank discovered inappropriate communications between Lew and Singapore’s central bank. She is the latest of nearly 30 bankers to be suspended or fired in connection with the ongoing currency rate manipulation scandal.

Goldman May Shine Light on Dark Pool (Reuters)

Goldman Sachs is considering shutting down its private trading venue, Sigma X, as scrutiny over dark pool trading continues to intensify. If made, the move could signal an industry-wide effort to raise the veil on dark pool trading.

‘Everything Went Crazy’ (Business Insider)

A weird scene took place on Tuesday when a technical glitch shut down electronic trading at CME in Chicago. For two hours, traders went old school, charging the pits and screaming out orders like it was the 80s.

Reckoning Day (BBW)

A federal judge will decide today whether she will accept SAC Capital’s $1.8 billion settlement with regulators over insider trading charges. But before she does, she wants to know from lawyers whether the payment takes into account “the activities of all culpable persons.” Hmm.

Advent’s New COO (FIN Alternatives)

New York’s Advent Capital Management has hired former Presidio Capital Group CEO Kris Haber as its new chief operating officer.

Buzz Around the Office

Sticking With His Guns (Business Insider)

Here’s an article written by then 20-year-old investment salesman Warren Buffett in 1951. In it, he makes an argument for investing in GEICO, or the Government Employees Insurance Company. The firm he later founded, Berkshire Hathaway, bought GEICO in 1996.

Quote of the Day: “Accomplishing the impossible means only that the boss will add it to your regular duties.” – Doug Larsen

Comments (0)

Comments

The comment is under moderation. It will appear shortly.

React

Screen Name

Email

Consult our community guidelines here