Goldman Sachs: Transition from Partnership to Hybrid Corporation - Part 1

Explore a guest lecture by Paolo Zanonni, partner at Goldman Sachs, as part of Yale University's "Capitalism: Success, Crisis and Reform" course. Gain insights into Goldman Sachs' transition from a partnership to a hybrid partnership/joint stock corporation, understanding the motivations behind this change and its impact on the firm's structure. Learn about the partnership selection process, which has remained largely unchanged despite the IPO, and how it fosters leadership and entrepreneurialism while maintaining the firm's corporate culture. Discover the inner workings of Goldman Sachs, including its values and culture, as seen from an insider's perspective. The lecture also covers Zanonni's career before and during his time at Goldman Sachs, and explores the firm's relationship with government and society.