Lloyd Blankfein on line 1! Goldman employees await news

Goldman Sachs Group Inc is due to name new partners on Wednesday, but the benefits of receiving the title are not what they used to be.

Goldman is the only major Wall Street bank to retain this relic from its private partnership days, when senior investment bankers owned the firm, contributing capital and taking home their share of profits.

Employees with the “partner” title still get a bigger portion of the bonus pool than other employees, and more say in Goldman’s strategic direction.

via Business feed http://www.scmp.com/business/companies/article/1081469/lloyd-blankfein-line-1-goldman-employees-await-news