Daily Intelligencer, 10/26/06

A Possibly Bullshit Theory on the Cosmic Meaning of Goldman Partnerships
The biennial Rite of Riches is here again: Yesterday, Goldman Sachs unveiled its new partner managing directors — 115 of the lucky bastards. It’s the finance world’s ultimate prize, not least because PMDs get a share of the firm’s revenue. Based on Goldman’s projected 2006 intake of $36 billion, these hard-working ladies and gentlemen stand to rake in about $9 million apiece this year alone. It’s a cause for celebration, of course. But it’s also a reason to polish up résumés. Because unlike at practically every other company in the world, when you reach the top of your game at Goldman, it’s the exact moment you start contemplating your next job…..


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