David Solomon had been shrinking the size of Goldman's partner ranks to make it more exclusive.Being named partner comes with special privileges, including a special bonus pool.
Goldman Sachs promoted 80 people to partner status on Wednesday, marking the largest class since David Solomon took over as CEO in 2018. Twenty-three of the new members are women and seven identify as black — the highest ever figures in both cases, the company said. Nineteen partners identify as Asian, two as Hispanic or Latinx, and two as LGBTQ+.
Goldman only adds new names to its exclusive partnership once every other year. Partners are the company's highest title outside of the C-suite. Most other Wall Street banks, like Morgan Stanley, Bank of America, and Citi, announce new managing director promotions on an annual basis. Goldman's partner class has been steadily shrinking since David Solomon took over as CEO in 2018. That year,
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