# Professor Thomas Philippon's research on the financial services industry is highlighted

1 Faculty News June 21, 2017 ![Bloomberg View logo](/sites/default/files/styles/246w/public/assets/images/bloombergview_0.jpg?itok=47DlvcFA)>

Excerpt from [Bloomberg View](https://www.bloomberg.com/view/articles/2017-06-21/the-wrong-kind-of-entrepreneurs-flourish-in-america) -- "In an influential 2014 paper, [Thomas Philippon](http://www.stern.nyu.edu/faculty/bio/thomas-philippon) speculated that financial industry profits and salaries rose spectacularly since 1980 because banks, securities firms and fund-management companies found new methods for extracting rent."

[Read more](https://www.bloomberg.com/view/articles/2017-06-21/the-wrong-kind-of-entrepreneurs-flourish-in-america)