# Prof. Xavier Gabaix on Wall Street bonuses

1 Faculty News February 29, 2012 ![MarketWatch logo](/sites/default/files/styles/246w/public/assets/images/marketwatch%20logo.jpg?itok=pHUVfozf)>

Excerpt from [MarketWatch](http://www.marketwatch.com/story/cash-bonuses-on-wall-street-to-drop-14-2012-02-29?link=MW_latest_news) -- "'Those numbers are just cash bonuses, but you don’t have the full compensation,' said [Xavier Gabaix](http://www.stern.nyu.edu/faculty/bio/xavier-gabaix) ... 'The comptroller should absolutely report deferred compensation. Otherwise, it’s hard to interpret the results.'"

[Read more](http://www.marketwatch.com/story/cash-bonuses-on-wall-street-to-drop-14-2012-02-29?link=MW_latest_news)