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Goldman's partnership today is that in name only. Prior to the firms IPO new partners did indeed have to buy their way in (via loans!).
by phyalow 7y ago
Goldman's partnership today is that in name only. Prior to the firms IPO new partners did indeed have to buy their way in (via loans!).
- C1sc0cat 7y agoThe full value? GS was huge even before the IPO no individual could ever expect to buy the value of their share surly?
- phyalow 7y agoI think anecdotally it was around 6-800k USD, which could be covered no problem with a few years of contributions from salaries and bonuses. Basically its just company equity that you are buying. The amount can be token but you are still a "partner".