Goldman’s 860 current and former partners have sold more than $20 billion in Goldman shares since the bank went public in 1999, according to Dealbook.
Current partners presently hold more than $10 billion in the bank’s stock.
According to a study of hundreds of regulatory documents by the New York Times and Morningstar, since the bank’s IPO the average amount of stock that partner’s have sold is $24 million.
And apparently that’s a conservative estimate because the filings that were studied don’t include every sale by a Goldman partner, or shares sold as part of the IPO.
So how much stock has CEO Lloyd Blankfein and his deputies sold over the past 12 years?
- Blankfein has cashed in $93.8 million in shares since 1999. The Goldman chief currently owns 2.03 million shares worth about $355 million.
- COO Gary Cohn has sold $97 million in shares since 1999.
- CFO David Viniar has sold $99.9 million in shares since 1999.
The study also revealed for the first time that current and former partners number 860; currently there are 475.
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