# Prof. Thomas Philippon's joint research on Wall Street compensation is highlighted

1 Faculty News April 4, 2012 ![The New York Times Logo](/sites/default/files/styles/246w/public/assets/images/uat_027320.jpg?itok=W8xBr66g)>

Excerpt from [The New York Times Dealbook blog](http://dealbook.nytimes.com/2012/04/04/for-gates-like-wealth-look-beyond-wall-street/) -- " ... it is worth reading a study by [Thomas Philippon](http://www.stern.nyu.edu/faculty/bio/thomas-philippon) and Ariell Reshef of the National Bureau of Economic Research, which traces industry wages over the last century. Its conclusion might not surprise you: financiers, to put it plainly, were overpaid."

[Read more](http://dealbook.nytimes.com/2012/04/04/for-gates-like-wealth-look-beyond-wall-street/)