Research Analyst Compensation Ideally there should be no link between analyst compensation and investment banking and corporate finance activities, but firms should disclose to what extent analyst compensation depends upon investment banking revenues. Translation: there should be no link between analyst compensation and investment banking But, if there is a link, you have to disclose what the link (pay link) EVEN THOUGH THERE ISN’T SUPPOSED TO BE A LINK So, they are supposed to disclose what they are not supposed to receive? That’s awesome.
well what if they worked in IB in the prior 3 months then became an analyst? Ah-ha!