{"id":3412,"date":"2009-10-14T15:14:41","date_gmt":"2009-10-14T19:14:41","guid":{"rendered":"http:\/\/blogs-devl.bu.edu\/bunow\/?p=3412"},"modified":"2009-11-05T12:12:12","modified_gmt":"2009-11-05T16:12:12","slug":"banking-compensation-going-back-up","status":"publish","type":"post","link":"https:\/\/blogs-devl.bu.edu\/bunow\/2009\/10\/14\/banking-compensation-going-back-up\/","title":{"rendered":"Banking compensation going back up"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"alignleft size-medium wp-image-3645\" src=\"http:\/\/blogs-devl.bu.edu\/bunow\/files\/2009\/10\/wall-st-300x200.jpg\" alt=\"wall st\" width=\"309\" height=\"206\" srcset=\"https:\/\/blogs-devl.bu.edu\/bunow\/files\/2009\/10\/wall-st-300x200.jpg 300w, https:\/\/blogs-devl.bu.edu\/bunow\/files\/2009\/10\/wall-st.jpg 450w\" sizes=\"(max-width: 309px) 100vw, 309px\" \/>Despite the taxpayer bailouts and regulators pressuring Wall Street&#8217;s compensation culture, finance-industry pay is <a title=\"expected\" href=\"http:\/\/online.wsj.com\/article\/SB125547830510183749.html?mod=WSJ_hps_LEFTWhatsNews\" target=\"_self\">expected<\/a> to push to a record high of\u00a0$140 billion this year.\u00a0 Former Federal Reserve Bank examiner <a title=\"Mark T. Williams\" href=\"http:\/\/smgnet.bu.edu\/mgmt_new\/profiles\/WilliamsMark.html\" target=\"_blank\">Mark T. Williams<\/a>, who teaches finance at the School of Management, says only emplyees that take low risks and make large profits should be rewarded.<\/p>\n<p><em>&#8220;Compensation schemes in the past inappropriately incentivized employees to bet the farm using the firm\u2019s money.\u00a0 For the health of these companies and our economy, this practice must be stopped.&#8221;<\/em><\/p>\n<p>Contact Mark T. Williams, 617-358-2789, <a href=\"mailto:williams@bu.edu\">williams@bu.edu<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite the taxpayer bailouts and regulators pressuring Wall Street&#8217;s compensation culture, finance-industry pay is expected to push to a record high of\u00a0$140 billion this year.\u00a0 Former Federal Reserve Bank examiner Mark T. Williams, who teaches finance at the School of Management, says only emplyees that take low risks and make large profits should be rewarded. [&hellip;]<\/p>\n","protected":false},"author":114,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[1958,577,1236,1246],"_links":{"self":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/3412"}],"collection":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/users\/114"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/comments?post=3412"}],"version-history":[{"count":9,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/3412\/revisions"}],"predecessor-version":[{"id":3646,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/3412\/revisions\/3646"}],"wp:attachment":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/media?parent=3412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/categories?post=3412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/tags?post=3412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}