Goldman Sachs Plays Hamlet

To go public or not to go public? The decision is wrenching

It's time to pull the trigger at Goldman, Sachs & Co. The private partnership, which was started in 1869 by a German-Jewish immigrant named Marcus Goldman, is expected to decide to go public on June 12-13 at its annual partners' meeting. If the 190 partners take the plunge, Goldman, which many say is Wall Street's most profitable and prestigious firm, will be fundamentally changed. It may lose its unique, close-knit, collegial culture--a key to its success--and become a more impersonal corporation, accountable to independent directors and public shareholders.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.