Growth Industry: Helping Rich People Get Richer
Growth Industry: Helping Rich People Get Richer
There is money to be made, a lot of it, helping the wealthy make and protect their fortunes.
One group is known as compensation consultants. These high-flyers assist Wall Street firms decide how many millions they can spend each year on bonuses and other extra compensation to executives and employees.
Major banks, hedge funds and private equity firms use compensation consultants, who include Johnson Associates, Semler Brossy, the Hay Group and Frederic W. Cook & Company.
Others who help America's oligarchy are known as the "wealth defense industry," comprised of attorneys, accountants, wealth management consultants, lobbyists, think-tank analysts and members of the insurance industry. Their mission: to prevent the rich from paying taxes and allow their heirs to hold on to as much fortune as possible after they die.
http://www.allgov.com/Where_is_the_Money_Going/ViewNews/Growth_Industry__Helping_Rich_People_Get_Richer_120118