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William D. Cohan is on Goldman Sachs' Payroll

William D. Cohan wrote a puff-piece about Goldman Sachs in the most recent issue of Time.  The end of the article describes Cohan thusly: "Cohan, a contributing editor at FORTUNE, is the author, most recently, of House of Cards: A Tale of Hubris and Wretched Excess on Wall Street."

Mr. Cohan failed to make an important disclosure: In 2007, Cohan recieved a nearly $50,000 payment (£30,000) from Goldman Sachs.  Cohan's book, The Last Tycoons: The Secret History of Lazard Frères & Co., won the Goldman Sachs Business Book of the Year award.

Cohan's most recent book, House of Cards, is again eligible for another award.  Details here.

Why didn't he disclose this obvious conflict-of-interest?  Or is financial journalism so corrupt that finanical reporters don't think they need to disclose mid-five-figure payouts?