Reporting Outside Income and Conflict of Interest Issues
Dr. Goldschmidt was instrumental in the development and implementation of the University of Miami public database on conflict of interest for all faculty at the Miller School of Medicine, one of the very few US medical school to provide such public information, and ahead of any requests to do so from the National Institute of Health. An article evaluating public disclosure of outside income by medical school deans reported that Dr. Goldschmidt did not publicly disclose stock options from companies where he served on the board of directors in 2009 (OPKO and MEDNAX). In a 2010 proxy statement, MEDNAX disclosed that until September 2009, Dr. Medel, MEDNAX’s Chief Executive Officer, served on the Trustee Services Committee for the University of Miami and participated in setting performance goals and annual bonus allocations for University of Miami employees, including Dr. Goldschmidt. It is claimed that the 2010 version of the reporting system did not have the option to disclose unexercised stock options, making it impossible to disclose unexercised stock options for the period from 6/1/2010 – 5/31/2011; the option was later added in the 2011 version. The subject of conflict of interest also arose in 2010, when Goldschmidt hired psychiatrist Charles Nemeroff as chair of psychiatry, one year after Nemeroff was ousted as psychiatry chair at Emory University after a probe led by Senator Charles Grassley revealed he had failed to declare at least US$1.2 million in income from drug companies. During 6/1/2010 - 12/31/2011, Dr. Goldschmidt's outside income from serving on boards of directors is reported as: $50,001-$100,000 from Health Management Associates, $50,001-$100,000 from MEDNAX, More than $200,000 from OPKO Health and $10,001 - $25,000 from Synecor (Scientific Advisory Board). Dr. Goldschmidt's salary was $1,072,117 in 2009-2010 and $1,312,960 in 2010-2011.
Read more about this topic: Pascal J. Goldschmidt
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