{"id":199,"date":"2009-04-27T09:17:19","date_gmt":"2009-04-27T13:17:19","guid":{"rendered":"http:\/\/blog.payne.org\/?p=199"},"modified":"2009-04-27T09:17:19","modified_gmt":"2009-04-27T13:17:19","slug":"finanical-innovation-built-in-compensation","status":"publish","type":"post","link":"https:\/\/payne.org\/blog\/finanical-innovation-built-in-compensation\/","title":{"rendered":"Finanical Innovation:  Built-in Compensation"},"content":{"rendered":"<p>I thought <a href=\"http:\/\/www.nytimes.com\/2009\/04\/27\/opinion\/27krugman.html\">Krugman&#8217;s Op-Ed<\/a> about compensation in the financial sector was interesting.\u00a0 The one-sentence summary:\u00a0 &#8220;<em>I question the value of these financial innovations, and why are they getting paid so much?<\/em>&#8221;<\/p>\n<p>Financial innovators have a huge advantage:\u00a0 they build their compensation right into the innovation itself.\u00a0 Find a place to take a percent or two (as risk-free as possible), and at scale you&#8217;ve got real money.<\/p>\n<p>Compare this to (say) technology innovation:\u00a0 getting paid is frequently as much work (if not more) than the original innovation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I thought Krugman&#8217;s Op-Ed about compensation in the financial sector was interesting.\u00a0 The one-sentence summary:\u00a0 &#8220;I question the value of these financial innovations, and why are they getting paid so much?&#8221; Financial innovators have a huge advantage:\u00a0 they build their &hellip; <a href=\"https:\/\/payne.org\/blog\/finanical-innovation-built-in-compensation\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-199","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/payne.org\/blog\/wp-json\/wp\/v2\/posts\/199","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/payne.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/payne.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/payne.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/payne.org\/blog\/wp-json\/wp\/v2\/comments?post=199"}],"version-history":[{"count":0,"href":"https:\/\/payne.org\/blog\/wp-json\/wp\/v2\/posts\/199\/revisions"}],"wp:attachment":[{"href":"https:\/\/payne.org\/blog\/wp-json\/wp\/v2\/media?parent=199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/payne.org\/blog\/wp-json\/wp\/v2\/categories?post=199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/payne.org\/blog\/wp-json\/wp\/v2\/tags?post=199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}