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 role does culture play in the banking industry according to the discussion?

Discuss the importance of accountability in the context of public companies versus private partnerships.