Where is the New Compensation on Wall Street Banks?

The video discusses the dynamics of compensation in Wall Street banks, highlighting the shift from profit-sharing to revenue-driven models due to the absence of private partnerships. It explores the IMF's suggestions for addressing banker pay, including cultural changes and accountability. The importance of integrity and setting a good tone at the top is emphasized, along with the need for accountability in public companies.

What is the main reason for the high compensation in Wall Street banks despite it being lower than before?

• The banks are private partnerships.

• Compensation is still revenue-driven.

• The alternative minimum tax is low.

• There is a high risk involved in trading.

What has replaced profit-sharing in the compensation model of banks?

• Revenue-driven models

• Alternative minimum tax

• Private partnerships

• Risk-based compensation

What is a key factor that remains unchanged in the compensation structure of banks?

• The pressure to perform in M&A

• The reduction in revenue generation

• The focus on profit-sharing

• The shift to private partnerships

Which aspect of the IMF's suggestions is considered meaningful in addressing banker pay?

• Reducing revenue-driven compensation

• Enhancing profit-sharing models

• Focusing on integrity and honesty

• Increasing the alternative minimum tax

What is necessary for accountability in public companies according to the discussion?

• Reducing compensation levels

• Maintaining private partnerships

• Implementing profit-sharing

• Establishing a form of accountability