A seat in Goldman Sachs Group Inc.’s partnership was once Wall Street’s most coveted prize. The firm’s 1999 initial public offering minted one generation of multimillionaires; the trading and buyout boom of the 2000s made another. But pay fell after the financial crisis and the partnership swelled. Goldman’s partners remain one-percenters, but Wall Street’s brass ring has lost its luster.

Source: Wall Street Journal October 06, 2020 12:33 UTC