Goldman's Chosen Few Party Like It's 1999

Prince

One of the lesser-known casualties of the financial crisis was the disappearance of Goldman Sachs's partner dinners - the lavish black-tie galas that drew all the members of Goldman's elite partnership together for a night of revelry.

New York Magazine reports that after the crisis, when tensions on Main Street ran high and the bank became a target of the masses, the dinners were canceled, as was the firm's annual holiday party.

But for the first time since 2006, the Goldman partner dinner has returned, in a signal that Wall Street's most powerful investment bank is ready to shed its crisis-era cloak of modesty and celebrate again.

Daily Intelligencer has learned that in early February, several weeks after Goldman reported a $2.9bn quarterly profit that one analyst said reminded him of the 'old days', the firm's top executives gathered for a gala at Pier 36, an event space on Manhattan's Lower East Side.

The party brought together Goldman's roughly 450 partners from around the world, as well as their spouses and invited guests, for a gourmet dinner followed by a jazz performance.

'The dinner was a nice way to end a week full of meetings and to welcome the 70 new partners, especially since that whole group from around the world doesn't get together often', said David Wells, a Goldman spokesman.

Hit the link below to access the complete New York Magazine article:

Look Out, Wall Street: The Goldman Sachs Partners Ball Is Back

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