Existing partners typically learned about new colleagues via e-mail.
And it is causing a little heat among Postini's existing partners.
"But you need the existing partners to buy into the strategy.
The 5percentt stake CNOOC will acquire will come in equal portions from the existing partners' holdings.
The problem was that Dewey could not afford to pay its existing partners, let alone these new ones.
Finally, Ashdown's review makes clear that we must work with existing partners but also develop partnerships with charities, NGOs, the private sector and faith groups.
Mr. Phillips did not identify a buyer but said he had "received preliminary interest" from a number of Google's existing partners.
Existing partners have been impressed too; Rice believes a longstanding donor in Singapore that is now looking at trebling its donations must have been influenced by the accolade.
But, as the firm grew, Schwarzman came under pressure to delegate some management responsibilities and to carve out bigger equity stakes for both existing partners and new executives.
As one of the last private partnerships in banking, Lazard cannot offer shares to an outsider without diluting the ownership of existing partners.
"It is good for existing partners but also other partners who could use now the platform of Formula One to do something in India".
