;#Faculty News;# | Bloomberg.com | 14 Dec 2011
Goldman Loses at Least 37 Partners in Worst Year Since 2008
Re: Jay W. Lorsch
"These guys have created a pretty good fortune and they've got liquidity and can move out in a way that they couldn't when they were a partnership," said Jay W. Lorsch, a Harvard Business School professor who helped run an education program for new partners in the 1980s. It's not "a huge number" of retirements as it's less than 10 percent of the total, he said.

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