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Health care premium for Maxim Integrated director cost more than $50K last year

It seems likely that whoever is elected president a week from tomorrow, there are some changes in store regarding the growing issue of health care — how to provide it to larger numbers and how to pay for it.

It’s a safe bet that the per capita costs will end up being less than what two directors on the board at Maxim Integrated Products cost in premiums for medical insurance coverage paid for by that company, according to a proxy filed with the SEC for its annual shareholder meeting held today.

Maxim offers medical insurance coverage to those board members who ask for it, which Bergman did last year. Cost to Maxim:  $54,043, or nearly four times the $14,000 it would cost a family of four for annual coverage, according to an estimate by Robert Carroll, a former deputy assistant secretary for tax analysis at the U.S. Treasury as published on the opinion page of the Wall Street Journal today.

James Bergman, 66, has served as a Maxim director since 1988. His biography material in the company’s most recent proxy says he was a founder and general partner of DSV Associates since 1974 and of its successors, DSV Partners III and DSV Partners IV. Since August 1996, he’s also been a limited partner of Bradley Venture Management, and since 1997 he has also served as a “special limited partner” of  Cardinal Health Partners, which says it is “committed to the belief that innovation and excellence in health care will simultaneously improve the lives of millions, while also rewarding investors with extraordinary returns.”

Another director, Michael Byrd, 48, received medical premium payments worth $21,617, even though he resigned on Aug. 29, 2007, about two months into fiscal 2008, which ended June 30. He was also paid $172,250 in consulting fees by the company paid to him “in fiscal 2008 for services rendered in fiscal years 2007 and 2008″.

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