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Why do you think goldman sachs converted to a corporation

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On May 7, 1999, the investment banking firm Goldman Sachs converted from a partnership to a corporation and completed an IPO in which it sold 51 million shares of common stock.

a. Why do you think Goldman Sachs converted to a corporation?

b. Why was the sale of its common stock referred to as an IPO?

c. Given the role of the investment firms in the 2008 financial crisis, do you think the fact that they are corporations played any part in their poor decision making?

Reference no: EM133056205

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