Taking the mid point, that would value the investment bank at about $25bn. So great are the spoils that partners have agreed to cascade more than 20 per cent of the stock down through the bank's 13,000 staff, with everyone guaranteed stock worth at least a half their annual salary. Some will do much better.
Meanwhile, the bank is taking on extra office space in London like it was going out of fashion, certain in its view that the European investment banking market will become as big as that of the US, that London will be its centre, and that Goldman Sachs will be one of its dominant forces. Quite a turnaround.Reuse content