BizJournals Portfolio
Home >   Business Views, Opinions and Blogs >   Business Blogs >   Market Movers >  

Goldman Wealth Datapoint Of The Day

Market Movers

by Felix Salmon
Main
Extra Credit, Monday Edition   How Much Worse Can AIG Get?

Recent Blog Posts

Links

Mar 17 2009 9:12am EDT

Goldman Wealth Datapoint of the Day

Truly the recession is biting:

One former Goldman partner estimated that a quarter of the bank's roughly 100 partners are now worth $5 million or less because of losses on their company stock and other investments.

The good news is that Goldman is letting them borrow money against their future income, which is going to be substantial, even if it doesn't ever regain the giddy heights of the past few years. But still, less than $5 million? There are lawyers who are worth more than that!

. □

blog comments powered by Disqus
 
Feedbackpowered byPowered by WebUltra
U.S. Uncovered
Rich City, Poor City

Which cities were still making money during the recession and which went under? Our analysis.

Don't Mess With Texas Small Biz

Best U.S. metro areas that are most conducive to the creation and development of small businesses.

A Sporting Chance

A look at the places best primed economically to host a major-league sports franchise.

spotlight on

Multimedia

Wealth Central

The Great Recession certainly took its toll on cities across the United States. But even with high unemployment rates and declining wages, some communities have done very well for themselves. View Interactive Feature