Goldman Sachs Group Inc. named 70 employees to join its so-called partnership, the fewest in the firms 13 years as a public company, as sluggish revenue growth pressures expenses.
The promotions to partner, which take place every two years, are down from 110 in 2010 and 94 in 2008. Partners, known as participating managing directors, typically receive a $900,000 salary, up from $600,000 two years ago, and a cut of a special bonus pool thats awarded primarily in stock, according to a person with knowledge of the firms policies.
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