{"id":4142,"date":"2010-01-15T12:06:43","date_gmt":"2010-01-15T17:06:43","guid":{"rendered":"http:\/\/blogs-devl.bu.edu\/bunow\/?p=4142"},"modified":"2011-02-17T16:41:59","modified_gmt":"2011-02-17T21:41:59","slug":"wall-streets-record-compensation","status":"publish","type":"post","link":"https:\/\/blogs-devl.bu.edu\/bunow\/2010\/01\/15\/wall-streets-record-compensation\/","title":{"rendered":"Wall Street&#8217;s record compensation"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"alignleft size-thumbnail wp-image-4144\" src=\"http:\/\/blogs-devl.bu.edu\/bunow\/files\/2010\/01\/Wall-Street-sign-150x150.jpg\" alt=\"BUSINESS-US-FINANCIAL-ACCOUNTING\" width=\"150\" height=\"150\" \/>Despite fury over Wall Street&#8217;s pay culture, major banks and securities firms are headed toward <a title=\"a record\" href=\"http:\/\/online.wsj.com\/article\/SB10001424052748704281204575003351773983136.html?mod=WSJ_hps_MIDDLESecondNews\" target=\"_blank\">a record <\/a>compensation total of around $145 billion for 2009 when all the numbers are out.\u00a0 Economics Professor <a title=\"Laurence Kotlikoff\" href=\"http:\/\/people.bu.edu\/kotlikoff\/\" target=\"_blank\">Laurence Kotlikoff<\/a>, a\u00a0 senior economist in the Reagan administration whose new book, &#8220;<em>Jimmy Stewart is Dead<\/em>,&#8221; about the banking industry, will be published next month, says the idea of taxing Wall Steet now is a &#8220;transparent joke.&#8221;<\/p>\n<p><em>&#8220;Wall Street is continuing to play craps with the taxpayers&#8217; chips and to lay the ground for a financial earthquake of even greater magnitude than we&#8217;ve just experienced.&#8221;<\/em><\/p>\n<p>Contact Laurence Kotlikoff, 617-353-4002, <a href=\"mailto:kotlikoff@bu.edu\">kotlikoff@bu.edu<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite fury over Wall Street&#8217;s pay culture, major banks and securities firms are headed toward a record compensation total of around $145 billion for 2009 when all the numbers are out.\u00a0 Economics Professor Laurence Kotlikoff, a\u00a0 senior economist in the Reagan administration whose new book, &#8220;Jimmy Stewart is Dead,&#8221; about the banking industry, will be [&hellip;]<\/p>\n","protected":false},"author":114,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4491],"tags":[78,113,1236,891,1246],"_links":{"self":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/4142"}],"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=4142"}],"version-history":[{"count":6,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/4142\/revisions"}],"predecessor-version":[{"id":8197,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/4142\/revisions\/8197"}],"wp:attachment":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/media?parent=4142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/categories?post=4142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/tags?post=4142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}