New York City’s Pay-transparency Law is Coming. Wall Street’s Big Paydays Will Stay Secret, But Other changes Could Shake Up Finance.
“For more senior positions, I think it will have less impact because salary is a smaller part of pay,” Alan Johnson, the managing director of the compensation consultancy Johnson Associates, told Insider in an interview. Still, firms are worried about the legal impact of the rules. “Maybe the biggest thing is, people are worried about…