BUSINESS
12/15/2008 05:12 am ET | Updated May 25, 2011

Goldman Sachs Going Private?

For weeks now there has been talk that the management of Goldman Sachs might be considering
taking the private. Most people dismiss such talk as pure fantasy, and our own reporting reveals that top executives at Goldman have not taken any steps toward going private. But it's worth asking what kind of structure Golman might have if it did go private.

Goldman spent most of its existence as private partnership. In a sense, by going private Goldman would be returning to its roots. But odds are that this time around, Goldman's partnership will be very different. These days even private partnerships are often far more open than the partnerships in the past, and openness might be exactly what Goldman needs if it is to survive.

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