How Greg Smith's Book Will Make Hachette Back Its $1.5 Million

Like it will ever earn out. RT @PublishersWkly Grand Central pays $1.5 million for Greg Smith’s Goldman Sachs tell-all nyp.st/HoDSEl

— Sarah Weinman (@sarahw) March 30, 2012

Haha, right? Just kidding! Not gonna happen.

So yes: Greg Smith changes careers, from one system of fleecing people to another! Publishing and investment banking have a lot in common in their machinations actually. Just that in publishing, only eight people get rich. And you gotta move a lot of merch to get that $1.5 million back. But don’t worry about Hachette’s Grand Central; they’ve got David Baldacci and Abraham Lincoln Vampire Hunter to keep them warm.