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Deb Goldberg

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Deb Goldberg
Image of Deb Goldberg
Massachusetts Treasurer
Tenure

2015 - Present

Term ends

2027

Years in position

10

Predecessor

Compensation

Base salary

$238,794

Elections and appointments
Last elected

November 8, 2022

Personal
Profession
Non-profit executive
Contact

Deb Goldberg (Democratic Party) is the Massachusetts Treasurer. She assumed office on January 21, 2015. Her current term ends on January 6, 2027.

Goldberg (Democratic Party) ran for re-election for Massachusetts Treasurer. She won in the general election on November 8, 2022.

On September 16, 2019, Goldberg filed a statement of candidacy with the Federal Election Commission (FEC) to run for Massachusetts' 4th Congressional District in 2020.[1] Goldberg later withdrew from the race prior to the filing deadline.[2][3]

Goldberg ran for lieutenant governor of Massachusetts in 2006.


Biography

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Goldberg received a bachelor's degree from Boston University in 1975 and a law degree from Boston College Law School in 1983. Goldberg also received a Master of Business Administration from Harvard Business School in 1985. Goldberg's professional experience includes co-founding the Berkshire Hills Music Academy and serving as a trustee of Beth Israel Lahey Health. Goldberg also worked as the director at Affiliated Physicians Group / Beth Israel Deaconess HealthCare.[4][5][6]

Political career

Massachusetts Treasurer (2015-present)

Goldberg was first elected to the office on November 4, 2014. She was sworn into office on January 21, 2015, replacing Steven Grossman (D).[7] She was re-elected in 2018.

Elections

2022

See also: Massachusetts Treasurer election, 2022

General election

General election for Massachusetts Treasurer

Incumbent Deb Goldberg defeated Cristina Crawford in the general election for Massachusetts Treasurer on November 8, 2022.

Candidate
%
Votes
Image of Deb Goldberg
Deb Goldberg (D)
 
76.5
 
1,709,555
Image of Cristina Crawford
Cristina Crawford (L)
 
23.1
 
516,019
 Other/Write-in votes
 
0.4
 
9,994

Total votes: 2,235,568
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
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Democratic primary election

Democratic primary for Massachusetts Treasurer

Incumbent Deb Goldberg advanced from the Democratic primary for Massachusetts Treasurer on September 6, 2022.

Candidate
%
Votes
Image of Deb Goldberg
Deb Goldberg
 
99.6
 
630,633
 Other/Write-in votes
 
0.4
 
2,700

Total votes: 633,333
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
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Republican primary election

No Republican candidates ran in the primary.

Withdrawn or disqualified candidates

2020

See also: Massachusetts' 4th Congressional District election, 2020

Massachusetts' 4th Congressional District election, 2020 (September 1 Democratic primary)

Massachusetts' 4th Congressional District election, 2020 (September 1 Republican primary)

General election

General election for U.S. House Massachusetts District 4

Jake Auchincloss defeated Julie Hall in the general election for U.S. House Massachusetts District 4 on November 3, 2020.

Candidate
%
Votes
Image of Jake Auchincloss
Jake Auchincloss (D) Candidate Connection
 
60.8
 
251,102
Image of Julie Hall
Julie Hall (R)
 
38.9
 
160,474
 Other/Write-in votes
 
0.3
 
1,247

Total votes: 412,823
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
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Democratic primary election

Democratic primary for U.S. House Massachusetts District 4

The following candidates ran in the Democratic primary for U.S. House Massachusetts District 4 on September 1, 2020.

Candidate
%
Votes
Image of Jake Auchincloss
Jake Auchincloss Candidate Connection
 
22.4
 
35,361
Image of Jesse Mermell
Jesse Mermell Candidate Connection
 
21.0
 
33,216
Image of Becky Grossman
Becky Grossman Candidate Connection
 
18.1
 
28,578
Image of Natalia Linos
Natalia Linos Candidate Connection
 
11.6
 
18,364
Image of Ihssane Leckey
Ihssane Leckey Candidate Connection
 
11.1
 
17,539
Image of Alan Khazei
Alan Khazei Candidate Connection
 
9.1
 
14,440
Image of Chris Zannetos
Chris Zannetos (Unofficially withdrew) Candidate Connection
 
3.3
 
5,135
Image of Dave Cavell
Dave Cavell (Unofficially withdrew) Candidate Connection
 
1.6
 
2,498
Image of Ben Sigel
Ben Sigel Candidate Connection
 
1.6
 
2,465
 Other/Write-in votes
 
0.2
 
242

Total votes: 157,838
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
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Withdrawn or disqualified candidates

Republican primary election

Republican primary for U.S. House Massachusetts District 4

Julie Hall defeated David Rosa in the Republican primary for U.S. House Massachusetts District 4 on September 1, 2020.

Candidate
%
Votes
Image of Julie Hall
Julie Hall
 
62.8
 
19,394
Image of David Rosa
David Rosa
 
36.6
 
11,296
 Other/Write-in votes
 
0.6
 
182

Total votes: 30,872
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
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2018

See also: Massachusetts Treasurer election, 2018

General election

General election for Massachusetts Treasurer

Incumbent Deb Goldberg defeated Keiko Orrall and Jamie Guerin in the general election for Massachusetts Treasurer on November 6, 2018.

Candidate
%
Votes
Image of Deb Goldberg
Deb Goldberg (D)
 
64.0
 
1,761,282
Image of Keiko Orrall
Keiko Orrall (R)
 
27.2
 
749,596
Image of Jamie Guerin
Jamie Guerin (Green-Rainbow Party of Massachusetts)
 
3.3
 
92,090
 Other/Write-in votes
 
5.4
 
149,697

Total votes: 2,752,665
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
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Democratic primary election

Democratic primary for Massachusetts Treasurer

Incumbent Deb Goldberg advanced from the Democratic primary for Massachusetts Treasurer on September 4, 2018.

Candidate
%
Votes
Image of Deb Goldberg
Deb Goldberg
 
100.0
 
530,072

Total votes: 530,072
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
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Republican primary election

Republican primary for Massachusetts Treasurer

Keiko Orrall advanced from the Republican primary for Massachusetts Treasurer on September 4, 2018.

Candidate
%
Votes
Image of Keiko Orrall
Keiko Orrall
 
100.0
 
182,683

Total votes: 182,683
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
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2014

See also: Massachusetts down ballot state executive elections, 2014

Goldberg ran for election to the office of Massachusetts Treasurer. Goldberg won the Democratic nomination in the primary on September 9, 2014.[6] The general election took place on November 4, 2014.

Results

Primary election
Massachusetts Treasurer, Democratic Primary, 2014
Candidate Vote % Votes
Green check mark transparent.pngDeb Goldberg 42.7% 202,819
Barry Finegold 31.4% 149,470
Thomas Conroy 25.7% 122,198
Write-in votes 0.2% 848
Total Votes 475,335
Election results via Massachusetts Secretary of State.
General election
Massachusetts Treasurer, 2014
Party Candidate Vote % Votes
     Democratic Green check mark transparent.pngDeb Goldberg 55.1% 1,120,192
     Republican Mike Heffernan 40.8% 828,894
     Green Ian Jackson 4% 81,907
     Nonpartisan Write-in votes 0.1% 1,665
Total Votes 2,032,658
Election results via Massachusetts Secretary of State

Campaign themes

2022

Ballotpedia survey responses

See also: Ballotpedia's Candidate Connection

Deb Goldberg did not complete Ballotpedia's 2022 Candidate Connection survey.

2020

Deb Goldberg did not complete Ballotpedia's 2020 Candidate Connection survey.

Issues

ESG

See also: Environmental, social, and corporate governance (ESG), State financial officer stances on environmental, social, and corporate governance (ESG)
Environmental, social, and corporate governance
Economy and Society - Ballotpedia Page Icon (2021).png

Select a topic from the dropdown below to learn more.

As treasurer, Goldberrg took stances supporting environmental, social, and corporate governance (ESG), an approach to investing and corporate decision-making.

State financial officers, including treasurers, auditors, and controllers, are responsible for auditing other government offices, managing payroll, and overseeing pensions. In some states, these financial officers are also responsible for investing state retirement and trust funds.


Pro-ESG financial officers’ letter opposing anti-ESG state officers (September 2022)

In September 2022, Goldberg and 13 other state and local financial officers signed a letter opposing “legislation aiming to curb consideration of environmental, social and governance (ESG) factors in investing.” The letter said “states in our country have started blacklisting financial firms that don’t agree with their political views,” and cited West Virginia, Idaho, Oklahoma, Texas, and Florida.[8]

According to a September 2022 report from Financial Technologies Forum, Republican elected officials in 24 states had enacted policies against investing public funds with asset management firms such as BlackRock that had used ESG criteria as a basis for investment decisions.[9]

Goldberg and the signatories said the following about the anti-ESG legislation: “The blacklisting states apparently believe, despite ample evidence and scientific consensus to the contrary, that poor working conditions, unfair compensation, discrimination and harassment, and even poor governance practices do not represent material threats to the companies in which they invest. They refuse to acknowledge, in the face of sweltering heat, floods, tornadoes, snowstorms and other extreme weather, that climate change is real and is a true business threat to all of us.”[8]

Proposal to divest pensions from firearms industry (June 2022)

In June 2022, Goldberg asked the Massachusetts General Court to pass a law that would require the Massachusetts Pension Reserves Investment Management (PRIM) Board to divest from firms that produce civilian use firearms and ammunition.[10]

Goldberg served as the chair of the PRIM board as state treasurer.[10]

Goldberg said: “It is unacceptable that we as a country continue to live in a seemingly endless cycle of gun violence. Traditional approaches are not working, and we must do what we can to potentially save lives. I implore the Legislature to support the divestment of our public pension funds from gun and ammunition manufacturers and distributors in support of the American people who are victims and survivors of preventable gun violence, just as we did recently by divesting from companies in Russia following their invasion of Ukraine.”[10]

ESG proxy voting report (June 2022)

In June 2022, Goldberg issued a report on recent ESG-aligned proxy votes taken by the PRIM Board.[11]

Goldberg said: “One of the strongest tools a pension fund has for engagement is proxy voting. These votes will have a long-term impact on our changing climate while achieving our financial goals.”[11]

The release included the following examples of PRIM proxy votes:

  • Votes in favor of adopting carbon emission reduction targets at Chevron
  • Votes against the election of certain board members at The Southern Company
  • Votes to “support shareholder resolutions at several financial institutions including, Bank of America, CitiGroup, Goldman Sachs, Morgan Chase, Morgan Stanley, and Wells Fargo to adopt financing policies in line with the International Energy Agency's (IEA) Net Zero by 2050 Scenario.”[11]

Power to proxy vote against non-ESG corporate directors (February 2022)

In February 2022, the PRIM Board unanimously approved a rule empowering PRIM to cast proxy votes against board members of publicly-traded firms that do not ally with ESG policies. Goldberg, who served as chair, sponsored the resolution.[12]

A news release from Goldberg’s office said the rule was targeted at “companies that are not aligned with the Paris Climate Agreement and Climate Action 100+” and part of “PRIM’s commitment to build and implement a comprehensive ESG framework with the proxy goals of limiting global warming to 1.5 degrees Celsius and/or establishing a plan to achieve ‘net zero’ emissions by 2050.” Climate Action 100+ is an association of investment firms committed to ESG environmental goals.[12][13]

Goldberg said: “This vote not only benefits our retirees and taxpayers with its positive environmental outcomes, but has significant potential to increase our bottom line. It is a more active approach toward achieving our financial goals while having a productive long-term impact on our changing climate.”[12]

According to the release, the PRIM board had previously and unanimously adopted Goldberg-sponsored proxy voting rules “focused on renewable energy, human rights standards, executive pay, LGBTQ rights, board diversity and wage equality, and limiting the number of boards a director may sit on.”[12]

Campaign against JP Morgan Chase board member Lee Raymond (May 2020)

In February 2020, Goldberg and eleven other state treasurers and representatives of state and local public investment funds with investments with JP Morgan Chase opposed the re-election of Lee Raymond to the board of the publicly-traded banking firm. The CEO of Exxon-Mobil until 2005, Raymond had been on the JP Morgan board for 33 years and was an ally of JP Morgan Chase CEO Jamie Dimon. Majority Action, a left-leaning advocacy group, organized the opposition to Raymond's reappointment on the grounds that Raymond denied climate change and had influenced JP Morgan Chase to loan too much money to energy firms that produced carbon emitting fuels. The pressure campaign was organized in advance of the JP Morgan Chase annual shareholder meeting in May 2020.[14][15]

Raymond was reelected to the board for another term that was scheduled to end in May 2021. However, he announced his resignation in December 2020 (effective December 31, 2020). In the regulatory filing announcing the departure, Raymond said it was not as a “result of any disagreement with the company.” Bloomberg News reported that a “spokesman for the bank said Raymond’s retirement has nothing to do with outside pressure.”[16][14]

Campaign finance summary


Note: The finance data shown here comes from the disclosures required of candidates and parties. Depending on the election or state, this may represent only a portion of all the funds spent on their behalf. Satellite spending groups may or may not have expended funds related to the candidate or politician on whose page you are reading this disclaimer. Campaign finance data from elections may be incomplete. For elections to federal offices, complete data can be found at the FEC website. Click here for more on federal campaign finance law and here for more on state campaign finance law.


Deb Goldberg campaign contribution history
YearOfficeStatusContributionsExpenditures
2022Massachusetts TreasurerWon general$1,044,216 $0
2020U.S. House Massachusetts District 4Withdrew primary$24,032 $24,032
2014Massachusetts TreasurerWon $2,854,163 N/A**
2006Massachuetts Governor/Lt. GovernorLost $3,033,663 N/A**
Grand total$6,956,074 $24,032
Sources: OpenSecretsFederal Elections Commission ***This product uses the openFEC API but is not endorsed or certified by the Federal Election Commission (FEC).
** Data on expenditures is not available for this election cycle
Note: Totals above reflect only available data.

Noteworthy events

Tested positive for coronavirus on February 7, 2021

See also: Politicians, candidates, and government officials diagnosed with or quarantined due to the coronavirus (COVID-19) pandemic, 2020
Covid vnt.png
Coronavirus pandemic
Select a topic from the dropdown below to learn more.


On February 7, 2021, Goldberg announced that she had tested positive for coronavirus.[17]

See also


External links

Footnotes

  1. WCVB, "Massachusetts Treasurer Deborah Goldberg files for congressional campaign," September 16, 2019
  2. Twitter.com, "Ted Nesi," October 2, 2019
  3. The Herald News, "Deb Goldberg passes on Rep. Joe Kennedy’s seat," October 2, 2019
  4. MASSACHUSETTS OFFICE OF THE TREASURER AND RECEIVER GENERAL, “About the treasurer,” accessed February 11, 2023
  5. The Boston Globe, “Campaign 2006 – The Massachusetts Elections: About the candidate: Deborah Goldberg,” accessed February 11, 2023
  6. 6.0 6.1 Deb Goldberg for Treasurer 2014 Official campaign website, "Homepage," accessed December 31, 2013
  7. The Telegraph, "Healey to take oath as Massachusetts's 55th attorney general," January 21, 2015
  8. 8.0 8.1 New York City Comptroller, “Comptroller Lander Joins State Treasurers’ Letter Opposing Anti-ESG Legislation,” September 14, 2022
  9. Financial Technologies Forum, “24 States Forbid ESG Investing via Public Pension Funds,” September 16, 2022
  10. 10.0 10.1 10.2 MASSACHUSETTS OFFICE OF THE TREASURER AND RECEIVER GENERAL, “News Release: Proposed Language Would Require the State Pension Fund to Divest from Companies that Manufacture and Distribute Guns and Ammunition for Civilian Use,” June 2, 2022
  11. 11.0 11.1 11.2 MASSACHUSETTS OFFICE OF THE TREASURER AND RECEIVER GENERAL, “New Proxy Voting Guidelines Designed to Positively Impact Changing Climate,” June 2. 2022
  12. 12.0 12.1 12.2 12.3 MASSACHUSETTS OFFICE OF THE TREASURER AND RECEIVER GENERAL, “PRIM Board Approves plan to Vote Against Directors at High Polluting Portfolio Companies,” February 18, 2022
  13. Climate Action 100+, “Investor Signatories,” accessed February 11, 2023
  14. 14.0 14.1 [https://static1.squarespace.com/static/5d4df99c531b6d0001b48264/t/5ebd48f5159bc974adc24fc6/1589463287076/ Majority Action, “State Treasurers Step Up Call for Independent, Climate-Competent Governance at JPMorgan Chase,” May 14, 2020]
  15. Bloomberg News, “There's an Oilman on JPMorgan's Board. Climate Activists Want Him Out,” February 10, 2020
  16. Bloomberg News, “JPMorgan’s Lee Raymond Steps Down From Board After 33 Years,” December 18, 2020
  17. WWLP, "State Treasurer Deborah B. Goldberg tested positive for COVID-19," February 7, 2021

Political offices
Preceded by
Steven Grossman (D)
Massachusetts Treasurer
2015-Present
Succeeded by
-