Goldman Sachs (NYSE: GS) has selected 110 executives to become partners, up from 94 in the last batch that was announced two years ago. Bloomberg offers a full list of the lucky ones.

When Goldman gave up its historic private partnership structure, the bank made sure that the new idea of "partner" was still worth it. In some ways, it is the apogee of Wall Street. Partners make the most money in the firm, $600,000 in salary, other compensation and lots of restricted stock. Their prestige outside the firm is immense.

But you cannot add 100 or so partners in every round--unless you strip partners of their partner status--which is exactly what Goldman does via a process of de-partnering. Earlier this year, some predicted that as many as 60 Goldman executives would be stripped of their partnerships in 2010. That's a sad fact to be sure. The last thing partners want to do is go home and tell their spouse that they are no longer a partner.

"Goldman does not disclose who is no longer a partner, and many move on to jobs elsewhere; some stay, telling few of their fate," notes the New York Times. But I am sure word spreads fast internally.

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