When the American Board of Internal Medicine initially posted their 2014 audited financial report, they neglected to publish the itemization of how finances were split between the ABIM and its Foundation with the most recent financial disclosure.
Now it seems the most recent ABIM consolidated financial statement was revised and posted online. The breakdowns that were neglected offer additional insights into the lavish spending of the ABIM, including over $20 million of their $54.5 million physician-paid revenues on salaries (37% of annual revenues and far different than disclosed on their webpage), a $591,389 fee for "recruiting and employment agency fees," a $348,060 "special severance payment" (page 25, perhaps for Dr. Cassel's departure from the organization in 2013?), $2,677,600 in payments to consultants (page 24), and $234,884 paid to "publications and subscriptions" - page 24).
I would like to commend the ABIM for taking this action. However, this action does little to quell the concerns of the practicing physician community of the legitimacy of the ABIM's MOC program in improving patient outcomes and opens additional concerns regarding tactics used to promote their MOC product for which they, themselves, provide little to no educational content.
h/t: MedCity News