Analysis: Goldman execs' share sales reveal holes in partnership theory

07/14/2009 | Financial Times (tiered subscription model)

Between mid-September and May, Goldman Sachs' top executives sold about $691 million in stock, according to filings with the Securities and Exchange Commission and other calculations. While such stock sales are common during certain "windows" of opportunity, this period saw a significant increase. Goldman Sachs CEO Lloyd Blankfein touts the firm's partnership structure as helping maintain its competitive edge. However, the share sales show that the partnership theory is not airtight, according to this article.

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