# Professor Thomas Philippon's research on compensation in the financial services industry is mentioned

1 Faculty News April 21, 2016 ![Financial Times logo](/sites/default/files/styles/246w/public/assets/images/uat_025700.jpg?itok=LSPbU2V1)>

Excerpt from the [Financial Times](http://www.ft.com/intl/cms/s/0/293525f8-07b2-11e6-a623-b84d06a39ec2.html#axzz46Tp3jA4s) -- "In the 1920s, American finance also dazzled. Indeed, profits were so high that the economists [Thomas Philippon](http://www.stern.nyu.edu/faculty/bio/thomas-philippon) and Ariell Reshef estimated that average banker pay was 1.6 times higher than other professions in 1928 (which, in a neat twist of history, was the same ratio seen in 2006.)"

[Read more](http://www.ft.com/intl/cms/s/0/293525f8-07b2-11e6-a623-b84d06a39ec2.html#axzz46Tp3jA4s)