[Congressional Record Volume 148, Number 124 (Thursday, September 26, 2002)]
[Extensions of Remarks]
[Page E1666]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                         IN HONOR OF ANN KAPLAN

                                 ______
                                 

                        HON. CAROLYN B. MALONEY

                              of NEW YORK

                    in the house of representatives

                     Wednesday, September 25, 2002

  Mrs. MALONEY of New York. Mr. Speaker, I ask my colleagues to join me 
in honoring Ann Kaplan, who is celebrating her 25th anniversary at 
Goldman Sachs & Co. A Managing Director at Goldman Sachs, Ms. 
Kaplan is one of the rare individuals who is a successful Captain of 
Industry and pragmatic idealist who finds ways to implement her ideas.
  Joining Goldman Sachs in 1977, Ms. Kaplan quickly gained the respect 
of her colleagues for her hard work and strong management skills. She 
became a Partner in 1990 and a Managing Director in 1996. Currently, 
she is a member of the Investment Management Division and heads a group 
devoted to enhancing Goldman Sachs's outreach to private, corporate and 
governmental women clients worldwide. Previously, Ms. Kaplan managed 
Goldman Sachs's Municipal Bond business, where she was responsible for 
finance, syndicate, sales and trading of Municipal debt instruments, as 
well as financial advisory services for governmental and non-profit 
organizations.
  As a measure of the esteem of her colleagues, Ms. Kaplan was asked to 
chair the Municipal Securities Division of The Bond Market Association 
and became a Board member of the Municipal Forum. Ms. Kaplan has also 
been active in the internal management of Goldman Sachs, having chaired 
the Firmwide Diversity Committee and served on the firm's Pension 
Services Board Committee, Partner's Practices Committee and Charitable 
Contributions Committee.
  Ms. Kaplan is well known as a mentor to her colleagues, particularly 
young women. Studies show that women are most likely to be successful 
in business when they have a strong mentor, and Ms. Kaplan has 
undoubtedly helped many women find the path toward success. Ms. Kaplan 
is a member of The Committee of 200, a prominent women's business 
organization, and Chairwoman of the C200 Northeast Region. She also 
serves on the Boards of Smith College, the Girl Scout Council of 
Greater New York the Women's Leadership Board of the John F. Kennedy 
School of Government and the New York City Public/Private Initiatives 
Corporation, among others.
  Recognizing that many young women graduate college ill-equipped to 
manage their personal finances, Ms. Kaplan and Goldman Sachs gave $2.5 
million to create the Center for Women's Financial Independence at 
Smith College. The program supports a financial ‘boot camp’ 
to educate seniors on personal financial issues as they near 
graduation. Financial literacy is particularly important for women, 
because women live longer than men but spend less time in the labor 
force and typically earn less money. According to a survey commissioned 
by Oppenheimer Funds, 53% of single woman ages 21 to 34 live paycheck 
to paycheck, compared with 41% of married women in the same age group 
and 42% of single men. Lacking familiar with managing their personal 
finances, women are less likely to plan for the future, leaving them 
vulnerable in old age.
  Ms. Kaplan has been the recipient of numerous achievement awards, 
including the Columbia Business School Distinguished Alumnae Award, the 
Smith Medalist Award, the Clairol Mentor Award, the YWCA Academy of 
Women Achievers and the Women's Economic Roundtable Award in Finance, 
to name just a few. She also been recognized for her achievements with 
awards from both Mayor David Dinkins and Governor George Pataki.
  Mr. Speaker, I ask my colleagues to join me in saluting Ann Kaplan, 
an outstanding businesswoman, an extraordinary role model and a great 
visionary.

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