Community BRIEFS

A 27-year-old Harvard graduate was named the youngest partner in the 125-year history of Goldman, Sachs & Company earlier this week.

Eric M. Mindich '88, a risk arbitrage specialist in the investment firm's equity division in New York, graduated summa cum laude with a degree in economics. He won both the Detur Prize and a John Harvard Scholarship.

During his undergraduate years, Mindich was a resident of Lowell House, where he was a member of the house committee.

He also served on the student advisory committee of the Institute of Politics, was business manager of the Independent and a member of the Equestrian Society.

Despite the firm's dip in profits during the past year and recent lay-offs in the bond division, Goldman named a record 58 new partners this year.

Despite the large number of new partners, only three are women.

Becoming a partner at Goldman virtually assures that Mindich will be a millionaire. In recent years, partners have earned at least several million dollars annually, making Goldman one of the most lucrative firms on Wall Street.

Even though most of that income will be reinvested in the firm until Mindich's retirement, he will likely still make a salary of hundreds of thousands of dollars plus interest on his stake in the company.