Goldman Sachs executives partied in Las Vegas by sharing a hot tub with a topless woman they dubbed 'Ms Silicone,' the executive who publicly quit the firm has claimed.
Greg Smith said that during a bachelor weekend with colleagues they stayed at the five star Mandalay Bay Hotel where they drank themselves senseless and gambled at all hours.
'Ms Silicone' - apparently named for her large, fake breasts - accompanied them one afternoon for a soothing dip when they were all hungover from a heavy session in the casino.
Mr Smith also recalls one co-worker who was so arrogant about money that he gave him $1,000 in casino chips he had just won and said: 'That's what it's like. Enjoy the weekend.'
The details are in Mr Smith’s book, Why I Left Goldman Sachs, which is not just exposing the 'toxic' culture at the bank, but the excess that comes with it.
It will also raise questions over his integrity as he freely admits feeling 'screwed' because his bonus on year was a mere $500,000 on top of a $200,000 salary.
Until now Mr Smith has painted himself as a principled man who quit because he could not stomach what he was seeing - but now appears to have bought into the Goldman mentality in the beginning as much as the others.
Mr Smith resigned in March in a resignation letter which was published in the New York Times and made the explosive claims that senior staff called their clients 'muppets.'
The publication of his book has long threatened to lift the lid on a culture of bullying and greed at Goldman Sachs - and now it appears to be delivering.
He writes: 'Alcohol was a big part of the culture at the firm, as it is on Wall Street in general. Getting smashed with your clients was a regular occurrence.'
The book details how in 2005 he went on the bachelor weekend with a managing director called Bill-Jo who was playing Blackjack with $500 chips.
Mr Smith writes: 'He drew a seven of clubs. The dealer pushed back Bill-Jo’s $500 chip with another one sitting on top.
'Bill-Jo took both chips and put them into my hand. "That’s what it’s like," he said. "Enjoy the weekend."'
The following afternoon the group were all hungover so they partied in the hot tub at the Mandalay Bay - with the topless woman they called 'Ms Silicone.'
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