PRI19980612.2000.0235
NEWS
TRANSCRIPT
Goldman sachs, the last New York bank still in private hands, is deciding
this weekend whether to go public. 190 partner are meeting to discuss
whether to float the hugely profitable company on the stock market.
Patrick owe come reports for world from New York. Goldman sachs founded
in 1869 by a German immigrant is linked with Wall Street's biggest
moments, bruised in the depression, in on the launch in the Ford motor
company, and advises to F.D.R. it's run as a partnership and appears
to carry an air of Mystique, even while the at work in a modern global
economy. But that is the point as its rivals merge to combine assets
many say Goldman sachs needs the extra financial fighting power that
issuing stocks can bring. The 190 partners are meeting in secret to
discuss once again how much, if at all, of their business to take
public. For "The World," I'm Patrick O'Connell in New York.