Holiday Parties: Goldman London Partners Reach Into Their Own Pockets for Party

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Goldman's London investment banking partners ponied up £6000 a piece for last night's Christmas party. It definitely must make the champagne taste a bit sweeter knowing that the party is coming out of a PMD's wallet instead of, say, being considered a firm expense therefore taking a chunk out of the bonuses available to the lower level troops.

Goldman Sachs celebrated its record year with a lavish Christmas party in London last night, paid for by its investment banking partners.
The US bank asked its 22 London-based investment banking partners each to contribute up to £6,000 towards it.
"The bankers paid for it as a thank you to their people," an insider said.
The party was for Goldman's investment banking division in London, after the bank's merger and acquisition deals hit a six-year high.

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Goldman Sachs toasts record year [The Guardian}

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