Goldman Sachs Group Inc.’s 475 partners stand to reap a windfall gain from stock options they received in December 2008, the New York Times said, citing a study of regulatory filings and internal partnership documents.
The stock, which traded at $78.78 then, closed yesterday at almost $175, the newspaper said.
The almost 860 current and former partners of the firm have in the last 12 years cashed in on more than $20 billion in Goldman shares and hold more than $10 billion in stock, the Times added.
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