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John LeFevre (born 1980) is a former Salomon Brothers and Citigroup investment banker and bond syndicate executive. [1] LeFevre is known for creating the anonymous Goldman Sachs Elevator (@GSElevator) Twitter handle. The account purported to reflect and satirize banking culture, and accumulated considerable followers and press coverage. Goldman Sachs and Citigroup launched internal investigations in an attempt to identify the source(s) of the tweets. It was later revealed by media outlet Gawker that LeFevre had possibly plagiarized tweets from self-proclaimed 'Gadabout' John Munson.
LeFevre attended Choate Rosemary Hall in Wallingford, Connecticut and Babson College in Wellesley, Massachusetts. LeFevre joined Salomon Brothers in 2001, serving in its New York, London, and Hong Kong offices. [2] The Asset magazine referred to LeFevre as "one of the most prolific syndicate managers in Asia." He later worked for Amias Berman & Co., a capital markets and private equity boutique founded by two former Citi bankers. [3] In 2010, LeFevre signed paperwork with Goldman Sachs to run its Asian bond syndicate desk, [1] but ultimately was prevented from joining Goldman Sachs due to a non-compete clause. LeFevre left the industry in 2012 to write his memoir, which was published in 2015 which and became a New York Times Bestseller. The book was optioned by Paramount as a movie with Zac Efron set to star. [4]
LeFevre created the @GSElevator Twitter in August 2011 as an "homage" to an earlier account called @CondeElevator, which shared supposedly overheard snippets from publisher Condé Nast. [5] He would later describe his goal as "to illuminate Wall Street culture in an entertaining and insightful way". The account proved immediately successful and within a couple weeks, LeFevre (anonymously) was interviewed by Kevin Roose at The New York Times. By 2014, the account had over 600,000 followers. [6]
LeFevre later began writing articles and banking guides for Business Insider under the name "Goldman Sachs Elevator".
In 2014, LeFevre began shopping around a book proposal based on his life as a banker, to be released under a pseudonym and marketed as by the man behind @GSElevator. [6] The proposed title, under which it was eventually published, was Straight to Hell: True Tales of Deviance, Debauchery and Billion Dollar Deals.[ citation needed ]
Barron's called the book "a classic of the genre."[ citation needed ]
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Investment banking is an advisory-based financial service for institutional investors, corporations, governments, and similar clients. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by underwriting or acting as the client's agent in the issuance of debt or equity securities. An investment bank may also assist companies involved in mergers and acquisitions (M&A) and provide ancillary services such as market making, trading of derivatives and equity securities, FICC services or research. Most investment banks maintain prime brokerage and asset management departments in conjunction with their investment research businesses. As an industry, it is broken up into the Bulge Bracket, Middle Market, and boutique market.
The Goldman Sachs Group, Inc. is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered in Lower Manhattan in New York City, with regional headquarters in many international financial centers. Goldman Sachs is the second-largest investment bank in the world by revenue and is ranked 55th on the Fortune 500 list of the largest United States corporations by total revenue. In the Forbes Global 2000 of 2024, Goldman Sachs ranked 23rd. It is considered a systemically important financial institution by the Financial Stability Board.
Salomon Brothers, Inc., was an American multinational bulge bracket investment bank headquartered in New York City. It was one of the five largest investment banking enterprises in the United States and a very profitable firm on Wall Street during the 1980s and 1990s. Its CEO and chairman at that time, John Gutfreund, was nicknamed "the King of Wall Street".
Bulge bracket banks are the world's largest global investment banks, serving mostly large corporations, institutional investors and governments. The term "Bulge Bracket" comes from the way investment banks are listed on the "tombstone", or public notification of a financial transaction, where the largest advisors on investment banking operations are listed first. The term is primarily related to the financial advisory side of the business, as opposed to sales and trading.
John Cunningham Whitehead was an American banker and civil servant, a board member of the World Trade Center Memorial Foundation, and, until his resignation in May 2006, chairman of the Lower Manhattan Development Corporation.
When Genius Failed: The Rise and Fall of Long-Term Capital Management is a book by Roger Lowenstein published by Random House on October 9, 2000.
A primary dealer is a firm that buys government securities directly from a government, with the intention of reselling them to others, thus acting as a market maker of government securities. The government may regulate the behaviour and number of its primary dealers and impose conditions of entry. Some governments sell their securities only to primary dealers; some sell them to others as well. Governments that use primary dealers include Australia, Belgium, Brazil, Canada, China, France, Hong Kong, India, Ireland, Hungary, Italy, Japan, Pakistan, Singapore, Spain, Sweden, the United Kingdom, and the United States.
Evercore Inc., formerly known as Evercore Partners, is a global independent investment banking advisory firm founded in 1995 by Roger Altman, David Offensend, and Austin Beutner. The firm has advised on over $4.7 trillion of merger, acquisition, and restructuring transactions since its founding.
John Michael Evans is a Canadian technology executive and the President of Alibaba Group. He previously spent 20 years working for U.S. investment bank Goldman Sachs and is a former Olympic rower.
Vikram Shankar Pandit is an Indian-American banker and investor who was the chief executive officer of Citigroup from December 2007 to 16 October 2012 and is the current chairman and chief executive officer of The Orogen Group.
James Christopher Flowers is an American private equity investor and investment manager focused on the financial services industry. He is a Managing Director and CEO of J.C. Flowers & Co., and a member of the firm's Management Committee.
Sir Deryck Charles Maughan is an English businessman.
Centerview Partners is an American independent investment banking firm. Centerview operates primarily as an investment banking advisory firm. Centerview has 60 partners and 400 professionals with expertise across various industries, geographies, transaction structures, and sizes.
Steven George Mandis is an American investor and the founder of Kalamata Capital. He is an adjunct associate professor in finance and economics at Columbia University Business School. Previously, he worked at Goldman Sachs and Citigroup and as a senior advisor to McKinsey. He is the author of three books: What Happened to Goldman Sachs: An Insider's Story of Organizational Drift and its Unintended Consequences, The Real Madrid Way: How Values Created the Most Successful Sports Team on the Planet, and What Happened to Serie A: The Rise, Fall and Signs of Revival.
Barry L. Zubrow is an American business executive and investment banker. Spending most of his career at Goldman Sachs, including in key leadership roles, he subsequently served as the Chief Risk Officer of JPMorgan Chase during the 2008 financial crisis. He was later appointed the Head of Corporate and Regulatory Affairs at that company between January and November 2012.
Carmen Segarra was a US New York Federal Reserve–appointed regulator to Goldman Sachs for seven months from October 2011. She discovered that Goldman Sachs did not have any policy on conflict of interest when it advised El Paso Corporation on selling itself to Kinder Morgan, a company in which Goldman Sachs owned a US$4 billion stake, and with several former Goldman Sachs employees who had previously worked for Kinder Morgan on the El Paso team. She was pressured by her superiors at the Federal Reserve to alter her report, but stated that her professional view of the situation did not change, and refused to do so. She was dismissed shortly after.
Tim Leissner is a German-born investment banker and convicted felon. As managing director at Goldman Sachs and chairman of the bank's Southeast Asia division Leissner helped orchestrate the 1Malaysia Development Berhad scandal, one of the biggest financial scandals in history, in which billions of dollars were stolen. He was arrested in June 2018 in Washington, D.C., forced to pay a $43 million fine. As of 2020 he faced up to 25 years in prison but due to his cooperation has avoided spending any time in jail.
Jane Fraser is a British-American banking executive who is the chief executive officer (CEO) of Citigroup, a position she has held since March 2021. Educated at Girton College, Cambridge, and Harvard Business School, she worked at McKinsey & Company for 10 years, rising to partner prior to joining Citigroup in 2004. In 2019, she was named president of Citigroup and CEO of its consumer banking division.
Matt Levine is a columnist for Bloomberg News who writes about finance and business. Levine has previously worked as a lawyer, investment banker, law clerk, and has written for a number of newspapers and financial sites. His newsletter, Money Stuff, has around 300,000 subscribers as of January 2024.
Stephen Scherr was the chief executive officer of Hertz and a member of its board of directors from February 2022 to March 2024.
