Monday, November 5, 2012

Goldman’s Partner List Drops 31



Goldman Sachs, which is scheduled to announce its new class of partners next week, has 407 members of that elite group, down 31 in about nine months, the company told Bloomberg.

That’s because 33 people listed as part of the partnership in a February document weren’t included in a filing released Nov. 2. Two names -- Mark Schwartz, hired in June to run the company’s business in Asia, and Richard Phillips, an Australian national -- were added to the latest filing.

Goldman Sachs, the fifth-biggest U.S. bank by assets, selects employees every two years to a so-called partnership more than 13 years after the firm became a publicly traded company. The partners, who partake in a special compensation pool, owned about 11.4 percent of the company’s shares as of Oct. 22, down from 11.8 percent on Feb. 1....


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