Touchstone cancels publication of @GSElevator book 'Straight to Hell'

Touchstone just sent out a press release saying they have cancelled publication of John LeFevre’s Straight to Hell. LeFevre was the banker behind the Twitter account for @GSElevator, which supposedly chronicled conversations overheard in the Goldman Sachs elevators. (Wolf of Wall Street-worthy quotes like: “I never give money to homeless people. I can’t reward failure in good conscience.”) On Feb 24, Dealbook outed the man behind the tweets as a Citigroup bond executive, not a Goldman Sachs employee, and a fury erupted online as people took sides — to care or not to care about his lack of genuine GS employment? LeFevre defended his twitter-scheme at Business Insider: “The issue of my anonymity was simply a device, and one that has suited the construct of the Twitter feed,” he wrote on Tuesday. “GSElevator has never been an anonymous person. It’s not a person at all. It’s the embodiment or aggregation of ‘every banker,’ a concentrated reflection of a Wall Street culture and mentality. Newsflash: GSElevator has never been about elevators. And, it’s never been specifically about Goldman Sachs; it’s about illuminating Wall Street culture in a fun and entertaining way.”

Apparently, Touchstone isn’t buying the explanation. The publisher released this statement: “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.”

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