Goldman's New-Partner List Drops to 70
Global investment firm Goldman Sachs (NYS: GS) announced its newest set of partners on Wednesday. The 70 names make it the smallest group since the company's 1999 IPO, according to DealBook. According to SmartMoney, 14% of those selected are women, and 13% represent Goldman's Asia and Pacific operations.
"We congratulate all those selected on this important achievement and look forward to their leadership in the years ahead," Lloyd C. Blankfein, chairman and chief executive officer of Goldman Sachs, said in the company press release.
Goldman chooses partners biennially; 110 were named last time. Partners reportedly make a base salary of $900,000. In an SEC filing earlier this month, Goldman Sachs revealed that the number of partners at the firm had declined by 31 since February, to 407 at that time.
The article Goldman's New-Partner List Drops to 70 originally appeared on Fool.com.Justin Loiseau has no positions in the stocks mentioned above.You can follow him on Twitter, @TMFJLo, and on Motley Fool CAPS, @TMFJLo.The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend Goldman Sachs Group.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.