# Prof. Thomas Philippon's research on compensation in the financial services industry is cited

1 Faculty News May 6, 2015 ![The New York Times Logo](/sites/default/files/styles/246w/public/assets/images/uat_027320.jpg?itok=W8xBr66g)>

Excerpt from [The New York Times](http://www.nytimes.com/2015/05/06/business/thinking-outside-the-debate-on-income-inequality.html) -- "While the power of money in politics should never be underestimated, institutions can be changed. [Thomas Philippon](http://w4.stern.nyu.edu/faculty/bio/thomas-philippon) of New York University and Ariell Reshef of the University of Virginia argue, for instance, that financial deregulation produced a huge wage premium for finance executives, even as it increased risks for the rest of society."

[Read more](http://www.nytimes.com/2015/05/06/business/thinking-outside-the-debate-on-income-inequality.html)