New York-Presbyterian Hospital’s board includes several financial executives, including the CEOs of Morgan Stanley, Lehman Brothers, Merrill Lynch and AIG.
Board members such as these individuals are often counted upon to raise money for or make donations to the hospitals they serve. Other hospitals regularly count upon the generosity of Wall Street executives who may now be less likely to make donations as their own companies are facing significant financial struggles.
Read the Wall Street Journal’s coverage of Wall Street’s impact on New York hospitals.