Goldman's New-Partner List Drops to 70

By Justin Loiseau – Nov 15, 2012 at 2:26PM

NYSE: GS

Goldman Sachs Group

Market Cap

$136B

Today's Change

(1.78%) $7.46

Current Price

$427.51

Price as of April 26, 2024, 2:00 p.m. ET

The investment firm selects 70 to join its most elite rank.

Global investment firm Goldman Sachs (GS 1.78%) 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.

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