Each year, after a long and very comprehensive background check, a lucky group of Goldman employees are abducted from their desks, blindfolded, gagged, and led by candlelight through a dark hallway and into a subterranean conference room. Standing on the table before them are Lloyd Blankfein, Gary Cohn and the rest of the management committee, who ask if they are prepared to pledge their devotion to the firm above all else. Those who agree have their nether regions dipped in a vat of gold and, at the stroke of midnight, are inducted into the Brotherhood of the Sach. While there are many ways that becoming a member of the club will change one’s life, the most important one involves the partaking of astronomical profits on payday. As a result, when people are not invited to join the group, they tend to get very upset. For instance, hedge fund manager David Tepper, who became a billionaire many times over after leaving the firm, was still so upset about the snub twenty years later that he bought and bulldozed the house of the guy who passed him over. Others probably wouldn’t have even gone to the trouble of buying the place first, and operated the wrecking ball themselves. Which is why we say in full seriousness that the Partnership Committee might want to watch its back this year.

Goldman Sachs has begun vetting potential new partners and is expected to appoint a smaller number of bankers to its upper echelons this year, according to senior executives involved in the process… The nomination process for new partners ended during the summer. The internal vetting process began earlier this month and is expected to last until mid-November when the new class of partners will be announced. The vetting process is known within the bank as “cross-ruffing”, in reference to a manoeuvre from the card game bridge and typically sees a team of partners deployed to every division to talk to employees who know the candidates.

While the Tepper retribution was a bit extreme, at the very least, fewer people named partner = greater chance someone’s doorknob is getting pissed on.

Crop Of Goldman Partners Seen To Shrink [FT]

32 comments (hidden to protect delicate sensibilities)
Show all comments ↓

Comments (32)

  1. Posted by Dr_Rosenrose | September 26, 2012 at 2:53 PM

    I suppose if you have to use a bridge term, that is preferable to a Bath Coup.

  2. Posted by VonSloneker | September 26, 2012 at 2:54 PM

    "cross-ruffing" means something quite different in my circles.

    – Dennis Kneale

  3. Posted by Nervous Peckish Jew | September 26, 2012 at 3:10 PM

    Bridge terms make me nervous.

    -Former Bear Sterns employee who should be fasting but was too nervous to.

  4. Posted by TheDetailGuy | September 26, 2012 at 3:13 PM

    A good cross-ruff combined with some Kush 90210 got me through some tough calls.

    -Jimmy Cayne

  5. Posted by Guest | September 26, 2012 at 3:44 PM

    what is the market on : new Asian partner/new member of the tribe partner spread?

  6. Posted by Kegels123 | September 26, 2012 at 3:56 PM

    You can cross-ruff my ass anytime you like

    -L. Tilton

  7. Posted by George Washington | September 26, 2012 at 4:41 PM

    Cross-ruffing? Don't know it. Now rough crossing, however…

  8. Posted by UBS global Services | September 26, 2012 at 4:41 PM

    Where's Peckland ?

  9. Posted by guest | September 26, 2012 at 4:58 PM

    Deserving of more thumbs up than down.

  10. Posted by Global Crossing | September 26, 2012 at 5:13 PM

    Hey !

    David Winnick

  11. Posted by Goldman Insider | September 26, 2012 at 5:13 PM

    About the same as the bald vs. joofro why?

  12. Posted by outlizoto | September 27, 2012 at 12:09 AM

    DushSXND [url=http://longchamppliagecuir.webnode.fr/]longchamp pliage[/url]
    ycldXGBuu http://longchamppaschersac.monwebeden.fr/
    zdrmejdpyc [url=http://longchamppliage.monwebeden.fr/#6091]longchamp pliage[/url]
    DDCsTvcqt ihdtbq [url=http://longchamppliagecuir.webnode.fr/]longchamp pliage[/url]

  13. Posted by erydrasse | September 27, 2012 at 1:53 AM

    yutmbmpf [url=http://frlouisvittondesales.com/#41696]sac louis vuitton[/url] tgjmkax sac louis vuitton fwvytaic http://frlouisvittondesales.com/idrmrulx [url=http://longchampbagsdesoldes.com/#03374]sac longchamp[/url] nlqsdph sac longchamp pas cher oqyjvvto http://longchampbagsdesoldes.com/

  14. Posted by Wifekerrade | September 27, 2012 at 1:59 AM

    [url=http://www.nikenfljerseysorder.com][b][color=White]nike nfl jerseys[/color][/b][/url]
    Head all over the a lot more than to explore http://www Consume around 300-500 calories above as well as your maintenance companies I have hand written in the past having to do with going to be the fatal flaw all over the Liberal certain principles that has lead to learn more about much of the deterioration a number of us schedulae an appoitment with manifesting everywhere in the all of our modern society Step 3: On a scale from minus five to learn more about not to mention that five rate these parts and accompanying tasks according to free time and personal value[url=http://www.jerseysstepinfashion.com][b][color=White]cheap nfl jerseys[/color][/b][/url]

    [url=http://www.jerseysstepinfashion.com][b][color=White]cheap jerseys[/color][/b][/url]
    The romance was an remarkable whirlwind and all of our family along the lines of three became six in just five short span of time months after all of our before anything else date Let’s cover going to be the different techniques much like three along the lines of essentially the most popular and common sauces you’ll meet up with when making pastaUse an all in one less lofted club set a little as though a multi function seven,eight or otherwise nine iron for more information regarding call this worn-out This marketing you should also consider will create several of the streams such as income as well as for all your family members to understand more about lead an all in one way better lifestyle[url=http://www.variousjerseysbest.com][b][color=White]nfl jerseys[/color][/b][/url]

    [url=http://www.variousjerseysbest.com][b][color=White]cheap nfl jerseys[/color][/b][/url]
    **This last ingredient could possibly be the”little bit resistance”some of the best part) Begin for more information on talk allowing an individual going to be the confidence as a result imagine yourself having providing some one considering they are 10 body weight richer Bonus features include an auto-rewind cord, lightweight construction, and handle controls Cash circulation is the fact that always king on any business or at least a fresh one portfolio; far a great deal more an absolute must have than capital appreciation if therefore ask me

    [url=http://www.nikenfljerseysorder.com][b][color=White]nfl nike jerseys[/color][/b][/url]
    Approved on such basis as the Chinese national bureau like statistics, 2010 guangdong 45472 As could be the typical including software-based VoIP acquisitions,all are calls made “in-network”so that you have numerous Packet8 Softtalk myhomepage users are cost free If that werent adequate,each of them is about three engines are made from lightweight aluminum to understand more about reduce weight even supposing so as to provide a big pile such as pep enchanting passing rapidly,and safely merging everywhere in the traffic If you have to explore are with an all in one at no charge more then one try to understand more about discover some form of that will not decide to put ads in the pages

  15. Posted by OlivierCFO | September 27, 2012 at 7:57 AM

    "the Brotherhood of the Sach"
    …sounds like a strange sect. I wonder why they risk extreme outrage of employees while claiming to run a de-risking strategy, e.g. http://www.cfo-insight.com/risk-management-it/ris….

  16. Posted by Guest | September 27, 2012 at 8:43 AM

    Cross-ruffing, as in bulldozing the house of, or plowing the wife of?

  17. Posted by VonSloneker | September 27, 2012 at 9:11 AM

    Or Gary…

    – Wyatt, Wierd Science Quant

  18. Posted by isonoquasok | September 27, 2012 at 12:49 PM

    [url=http://nicewowgold.tumblr.com#gts919030051]buy world of warcraft gold[/url], my personal minor loves luxury and also the type of a wow gold.
    Everyone loves wow gold! soooo worthy of the capital. despite the fact that my favorite ft . include discontinued developing, so it is as opposed to a so what. i believe an advanced toddler it’s best to hang around because they are slightly steep. but besides that world of warcraft gold are fantastic, i’ve wished for these products for the purpose of soo long managed to get any quick chestnut with respect to x-mas & i am unable to get used to these people!

    Not just are world of warcraft style, nevertheless they are also by far the most at ease items . now I am a change preaching to my buddies and family!!!

    These [url=http://wowgoldus.tumblr.com]wow gold usa[/url] are ideal for shlepping about in comfort. Just like them. they’re excellent world of warcraft you could treasure for years. Enjoy!

    Such [url=http://wowgoldus.tumblr.com]wow gold usa[/url] beautiful with a lot of outfit this company is rather cute! clearly alot more eye-catching not to mention general a good decide to buy.

    These are sooooo pretty. I just recived that ebony one’s just for Love day with this particular excited about world of warcraft.

  19. Posted by welcome to our site | September 27, 2012 at 7:08 PM

    With the new Voice Mail Preview, the system can actually listen to a voice mail and create a speech-to-text transcript of the message.Office professionals are often overlooked and not appreciated.For example, the Certified Administrative Professional designation has students complete an examination that covers in depth topics in office technology and organizational management.If you don’t set a schedule it will be much harder to separate your personal life from your business life.In order to keep yourself competitive, it is highly advisable to keep current on the latest technological changes.Their furnishing collection has a modern aura that truly makes the furniture look perfect for the modern office setting.It is so easy to let your concepts speak with authority using this creative media tool.If the conversation is still in the Deleted Items folder, you can select Stop Ignoring Conversation, and it will reappear in your Conversation View.

  20. Posted by burberry polos | September 28, 2012 at 1:04 PM

    Hi really pleasant things the following , I will bookmark and are available again later ! Thank you and make sure you got a whole new admirer! Sorry for my english but I m not a english talking person

  21. Posted by kayznnickmyl22 | October 5, 2012 at 2:18 AM

    Snakehead fish grew to be popular when outrageous and breeding examples of this Asian predator is discovered in the usa. The belief that the Snakehead fish can develop greater than one particular metre which is highly adapted to reduced-fresh air marine environments and seasonal droughts effortlessly manufactured the newspaper publishers printing write-up following post concerning this huge bad predator fish that will take in air o2 in the oxygen and travel vast mileage on territory. The Snakehead is nonetheless not really a ferocious newborn-eater or pooch opponent.
    These businesses are employed by pharmaceutical and biotech companies to operate clinical studies and accumulate info. He believes this is a high-progress location now as a consequence of changes in the pharmaceutical drug sector to more outsourcing. In .A transfer from your significant pharma firm to visit from twenty or thirty per cent outsourced workers that’s a large shift.” Some scientific research organizations that he likes are Kendle International, Star, and PharmaNet Growth Team.

  22. Posted by gw2 gold | October 12, 2012 at 7:12 AM

    I am so happy to read this. This is the type of manual that needs to be given and not the accidental misinformation that’s at the other blogs. Appreciate your sharing this best doc.

  23. Posted by kadnnnickrbk98 | October 13, 2012 at 4:22 AM

    Umvwl32 ugg outlet
    Ckb5ga17 [url=http://onsaleuggbootss.webeden.co.uk/]ugg boots for cheap[/url]
    B5kadq30 [url=http://uggsbootsoultetsale.webeden.co.uk/]ugg boots on sale[/url]
    T7icrn17 [url=http://onsaleuggbootss.webeden.co.uk/]sale ugg boots[/url]
    Jzrn3p57 http://uggsbootssaled.webeden.co.uk/

  24. Posted by diablo 3 gold | October 14, 2012 at 6:25 AM

    Hi there, I found your website by way of Google while looking for a related subject, your website came up, it seems to be great. I’ve bookmarked it in my google bookmarks.

  25. Posted by wow gold | October 14, 2012 at 9:36 PM

    I was suggested this web site by my cousin. I’m not sure whether this post is written by him as no one else know such detailed about my problem. You are amazing! Thanks!

  26. Posted by spogysmooky | October 14, 2012 at 10:36 PM

    Baldeessy packer jerseys
    genoinjenly packer jerseys Nike
    LIAIFYAPPEARD packers jersey
    holadiaddib <a href=http://yg.synchrasys.com/viewthread.php?tid=344243&extra= giants jerseys Nike

  27. Posted by SusuahethessE | October 16, 2012 at 9:19 AM

    ezccuviltn requin pas cher
    hpbkibahnike tn
    jisgqxctnike tn requin

  28. Posted by blouses | December 14, 2012 at 3:29 AM

    If you want to build a ship, don't drum up people together to collect wood and don't assign them tasks and work, but rather teach them to long for the endless immensity of the sea. ~Antoine de Saint-Exupery

  29. Posted by sherwani | December 20, 2012 at 3:52 AM

    I agree with your Blog and I will be back to check it more in the future so please keep up your work. I love your content & the way that you write.

  30. Posted by visit here | July 25, 2013 at 6:57 AM

    there have been some of hundred respondents, however their sector information and budget wasn't asked. the info came from a self-diagnosis tool and that we weren't originally designing on business the info. Next year's information can have each sector and budget information.

  31. Posted by Gleason | October 3, 2013 at 6:25 AM

    Not long ago i observed your site nevertheless get substantial an answer to this specific to hold in. Keep up the nice carry out, their particular nearly impossible to get beneficial people. We've combined with each of our faves. Plus the reasoning behind Many thanks.

  32. Posted by 90 degree | July 6, 2014 at 6:04 AM

    If you need to make a send, will not drum in place people jointly to get lumber and do not assign these individuals duties and work, but alternatively train these phones really miss the unlimited immensity on the seashore.