Politics 16 October 2012 Stools, salad and mild humiliation: the Goldman Greg Smith loved Smith's first chapter on Goldman Sachs. Sign up for our weekly email * Print HTML You may remember Greg Smith, the former Goldman Sachs employee who skewered the Vampire Squid in a New York Times op-ed piece earlier this year. Well he's back now, layering on the post-hoc criticism in a book, the first chapter of which was yesterday leaked online. The chapter is an account of his first encounter in the company as an intern, and catalogues experiences with stools (interns had to fight over seats, which they then had to carry around all day), 5am "punishment" starts, teary public humiliation, and salad (one intern got someone the wrong lunch, and it was binned in front of him). This is all slightly unpleasant but not remarkably so: worse things happen at sea and reviewers from both Posts (Washington and Huffington) have said as much. But re-read Smith's original letter, and you realise that the first chapter is actually supposed to record Goldman's golden era, the bank Smith originally signed up for, and which: "revolved around teamwork, integrity, a spirit of humility, and always doing right by our clients. The culture was the secret sauce that made this place great and allowed us to earn our clients’ trust for 143 years." He mourned that, by the time he left, The firm has veered so far from the place I joined right out of college that I can no longer in good conscience say that I identify with what it stands for. I knew it was time to leave when I realized I could no longer look students in the eye and tell them what a great place this was to work. It sounds like the students probably knew already. › Regeneration: "Not a rebirth, just a little death" Interns fought over stools. Photograph: Getty Images Martha Gill writes the weekly Irrational Animals column. You can follow her on Twitter here: @Martha_Gill. Subscribe from just £1 per issue More Related articles Jeremy Corbyn has found a vulnerable spot on Theresa May and trade Politicians are worried that their pensions are destroying the planet. Is yours? Nap Store: Where did all these new mattress start-ups come from?