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Editor's Correspondence |

Disclosure of Outside Income—Reply

M. Felix Freshwater, MD
Arch Intern Med. 2011;171(20):1862-1864. doi:10.1001/archinternmed.2011.523.
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I am responding to the relevant points of Goldschmidt's letter. No dean or university was named in the published letter, but Dean Goldschmidt is identifying himself as one of the 7 deans alluded to in the Figure of our Research Letter.1

Our research was on public disclosure, not internal disclosure. We could only verify data on the university's public Web site, not data Dean Goldschmidt may have provided privately. The screenshot (Figure 1) proves that as of July 18, 2010, Dean Goldschmidt had not publicly disclosed the existence of the OPKO and MEDNAX stock options. To confirm accuracy and give the Dean the benefit of the doubt, my coauthor wrote to him on July 19 and again on July 28. Finally on July 29, 2010, the university's public Web site did disclose the stock options we had found in the EDGAR database and counted in our calculations (Figure 2).

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Figures

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Figure 1. Dean Goldschmidt's outside professional activities public Web page dated July 18, 2010. Note that there is no disclosure of the existence of any stock options.

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Figure 2. Dean Goldschmidt's outside professional activities public Web page dated July 29, 2010, after being queried by my coauthor (David Michael Freshwater1) on July 19 and July 28, 2010. Now the stock options existence is disclosed, but the fair value of the stock options is not disclosed.

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Correspondence

November 14, 2011
Pascal J. Goldschmidt, MD
Arch Intern Med. 2011;171(20):1862-1864. doi:10.1001/archinternmed.2011.522.
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