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Paul Penrose
Paul Penrose - Finextra - London 05 September, 2007, 12:00Be the first to give this comment the thumbs up 0 likes Goldman Sachs abandoned its traditional partnership structure and let the public buy pieces of its equity at the turn of the century. The official reason: the old structure was inhibiting prospects for growth and expansion. Unofficially, Goldman's 190 partners stood to reap a bonanza of about $110 million each by owning stock instead of their partnership interests.

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