Friday, July 31, 2009

The Boston Globe's Invisible Ink: Goldman Sachs

Related: The Boston Globe's Invisible Ink: Haiti

"Benefits of Goldman Sachs chiefs cited in push for tax on insurers" by Leslie Wayne and David M. Herszenhorn, New York Times | July 27, 2009

NEW YORK - Goldman Sachs is one of the nation’s richest banks, and hundreds of top Goldman employees have a healthcare package to match - one of the “gold-plated Cadillac’’ plans cited by those involved in the healthcare debate in Washington.

Goldman’s 400 or so managing directors and the bank’s top executive officers participate in the bank’s executive medical and dental program as part of their benefits, according to disclosure documents with the Securities and Exchange Commission. The program generally costs the bank $40,543 in premiums annually for each participant’s family.

Those taking part in the plan include the company’s chief executive, Lloyd C. Blankfein, and four other top officers, as well as managing directors, whose base salary is $600,000....

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Also see: The Boston Globe's Golden Insults