Get All Access for $5/mo

The Ban on Talking in the Elevator at Goldman Sachs Can Finally Go Away John Lefevre, the man unmasked as the author of the @GSElevator Twitter account that purported to dish out snippets of uncensored conversation at Goldman Sachs, was found to have never worked at the bank.

By Laura Entis

Opinions expressed by Entrepreneur contributors are their own.

Shutterstock

The New York Times did what Goldman Sachs couldn't, unmasking the man behind the notorious @GSElevator Twitter handle, an account that claimed to tweet snippets of uncensored conversations overhead in the firm's elevators, epitomizing its reputation as an over-the-top, insensitive boys-club (highlights include "#1: Most girls cannot pull off their attitude. They need to either get hotter, or be nicer" and "On Valentine's Day I send my wife flowers with a card that says "Congratulations.'")

You can't really blame Goldman Sachs for failing to sniff out the man behind the tweets, though. Turns out, he never worked there. He doesn't even live in New York. The author is instead John Lefevre, a 34-year-old former bond executive who lives in Texas.

Related: After Hacks, Twitter Updates Sign-In Security

While many have long speculated that Lefevre was a fraud, it's slightly unsettling how seriously Goldman Sachs took the Twitter account, which prompted an internal inquiry at the firm as well as a ban on speaking in elevators.

Do employees at Goldman Sachs actually talk like this?

Apparently, yes they do: Mr. Lefevre, who worked for Citigroup for seven years, told the Times that many of the tweets were true: "I've been collecting these stories for years."

Ouch. Ultimately though, Lefevre's charade may have stronger implications for Twitter than it does for Goldman Sachs, where public perception about its employees wasn't that great to begin with. @GSElevator raises some thorny questions for the social media network, primarily the difference between a parody account (see @NotTildaSwinton) and an outright fake account.

While Twitter outlines guidlines for parody commentary and fan accounts on its website – account names, for example, "should not be the exact name of the account subject without some other distinguishing word, such as "not,' "fake,' or "fan'" – it's not clear whether or not Lefevre's @GSElevator broke the rules, creating a problematic grey area that the company has yet to address.

Related: What Not To Do: Lessons From 'The Wolf of Wall Street'

Laura Entis is a reporter for Fortune.com's Venture section.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

'We Pulled Off An SEO Heist': Entrepreneur Stole 3.6 Million Pageviews From Competitors — And Your Business Could Be Next.

This has huge implications for businesses that rely on Google's organic traffic for revenue.

Business News

Wells Fargo Reportedly Fired More Than a Dozen Employees for Faking Keyboard Activity

The bank told Bloomberg that it "does not tolerate unethical behavior."

Innovation

The Key to Real Innovation Is Cross-Pollination — Here Are 10 Ways to Implement It in Your Business

Transform your business with this unique approach to sparking innovation.

Starting a Business

Spend Less Time Worrying About Your Company's Runway — And More Time Rethinking Your Strategy. Here's How.

Perceived short runways leave founders in angst. It does not have to be this way; the best way to extend the runway is the right strategy.

Business Solutions

Why Every Solopreneur Needs to Embrace AI-Powered Teams

With the right approach, solopreneurs can harness AI to drive efficiency, productivity and business growth.