When Goldman was a partnership, retiring partners would cash in their stakes at book value.
Racecar Rhapsody and Stevil fared no better than fourth in their stakes attempts this year.
Some banks cashed in their stakes — leaving them exposed if the returns were real but producing cash they may have felt was needed at the time.
Watch them get bolder in their stake-building and make the odd audacious takeover bid.
That has led some observers to now suggest the poker entrepreneurs are stepping down so that they can cash in their stakes, said to be worth a total of $3.73 billion.
As to the reason for this, the answer lies in their stakes as well.
Easdale and his brother, Sandy, have made it clear recently that they are interested in increasing their stake in the club.
In March of that year, Mr. Schwarzenegger resolved the lawsuits against him and Mr. Butler by paying the other partners in "Pumping Iron" for their stake in the rights.
What proved the last straw was the sale by Thaksin's relatives in January of their stake in the family conglomerate to Singapore without paying any tax.
The M100 have in general trimmed their stake in utilities.
