Wednesday, November 7, 2012

Goldman Partners Pocket $22 Million




Business is tough at Goldman Sachs Group Inc., GS -5.61% but the past is paying off: More than 30 executives, including CEO Lloyd C. Blankfein, recently cashed in stock options awarded in the afterglow of the company's initial public offering in 1999, according to WSJ

According to a securities filing, the executives, all Goldman partners, pocketed a total of $21.8 million by exercising options and selling the underlying shares in the three days after the firm reported third-quarter results in mid-October….

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