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Article: Outlook: Goldman Sachs
- Article from:
- The Independent (London, England)
- Article date:
- September 30, 1998
CopyrightCopyright 1998 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
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JON CORZINE, co-chairman of Goldman Sachs, has plainly lost the
battle, but has he also lost the war? Mr Corzine has spent several
years attempting to persuade his fellow partners that the future for
the world's best known investment bank lay as a publicly-quoted
company rather than an old-style partnership. Eventually a
convincing majority agreed with him, but they did so too late to make
it happen. By the time they'd made up their minds to sell, nobody
wanted to buy.
As always in such circumstances, it proved difficult for senior
partners to admit this. As it happens, Goldman Sachs is less up its
own whatsit than many of its peers in investment banking; its people
are as savvy and ...