Buddy Donahue earned seven figures in his final year and a half at Goldman Sachs Asset Management [profile] before rejoining the SEC.

Last week Andrew "Buddy" Donahue, 64, filed an OGE (Office of Government Ethics) form 278 after he returned from the private sector to the SEC this spring to serve as chief of staff to SEC Chair Mary Jo White. David Michaels of Bloomberg highlighted the report, which covers all of 2014 and year-to-date 2015 through July 7.

Per Donahue's form 278, a copy of which was obtained by MFWire, since the beginning of 2014 Goldman paid Donahue about $3.25 million. Donahue had been managing director and associate general counsel at Goldman, where he handled mutual fund legal matters for GSAM. Donahue also earned $10,850 from Brooklyn Law School, Bloomberg notes, where he was an adjunct professor.

In terms of investments, Donahue appears to be quite conservative. Per his form 278, the bulk of his money is invested in bank CDs, money market accounts and money market mutual funds, and U.S. Treasuries.

He also invests in some index funds via his Goldman 401(k). He will remain in the plan, though he naturally won't make any more contributions as he's no longer working at Goldman. And Goldman will naturally no longer contribute, either, beyond what Donahue describes on the form as "the required contribution for 2015 in the 4th quarter of 2015 pursuant to the Company's standard practice." Indeed, as recently as February 2014, a prior Bloomberg report noted that Goldman delays 401(k) matching contributions until year-end, including matches for employees who departed during the year.

Donahue's money fund and index fund investments include offerings from Federated [profile], OppenheimerFunds [profile], SSgA [profile], and Vanguard [profile], as well as Goldman of course.

Donahue's form 278 also confirms that any Goldman stock he owned he sold prior to returning to the SEC. 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE