Appendix D

Value of Partners’ Shares at IPO

A list of Goldman partners at the time of the IPO is shown in table D-1. The names, percentages of shares, shares outstanding, values at IPO, and values at close are all provided. This analysis is based on reported percentages from the New York Times.

TABLE D-1

Percentages, shares, and value of partners’ shares at the IPO and first closing prices

Name Percentage Implied shares outstanding Value at IPO price ($53) First closing price ($70.38)
Henry M. Paulson Jr. 1.100% 2,915,210 $154,506,120 $205,172,466
Jon S. Corzine 1.100% 2,915,210 154,506,120 205,172,466
Robert J. Hurst 1.100% 2,915,210 154,506,120 205,172,466
John A. Thain 1.050% 2,782,700 147,483,114 195,846,445
John L. Thornton ...

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