Citigroup’s(C Quote) sale of Phibro to Occidental(OXY Quote) is an important sign of the times and a stark reminder of how much things have changed in the past year.

Wall Street will always find a way, and Andrew Hall’s transfer takes the heat off Citigroup, which exchanged government funding for the door to its dressing room. Kenneth Feinberg has been gazing inward intently, and Vikram Pandit is eager to get one more issue off the table.

Last month, in a public discussion in New York City, Pandit admitted that Hall’s agreed-upon salary was too high for a bank employee. Hall’s Phibro group averaged $371 million in pretax earnings during the five years ending in 2008. The superior performance of this oil-and-gas trading group had garnered $100 million in annual compensation for Hall.

By moving Hall to OXY, and releasing Phibro from banking-sector scrutiny and coming commodities regulation, Citi has been able to keep the issue quiet. The transfer of Phibro was said to occur at “net asset value,” or reportedly $250 million.

The coming commodities regulation has affected more than one area of the financial marketplace. “Safety position limits” have caused ETFs like PowerShares DB Commodity(DBC Quote) to restructure on the run, or in the case of United States Natural Gas(UNG Quote), sell to-be-curtailed futures contracts for swaps. As regulatory and public pressure bear down on Wall Street, it is shifting perceptibly to meet its ultimate goal: payday.

Coverage of executive compensation, and subsequent public anger, has ranged from insightful to absurd over the past year. From the rage over AIG(AIG Quote) bonuses to tabloid coverage of Northern Trust(NTRS Quote) events, a shell-shocked public has put wealthy CEOs on trial. Seeing the NTRS annual golf event alongside Britney Spears on a celebrity gossip Web site seemed like the saturation point.

The “other side” has emerged tactfully at times in the lathered coverage of executive bonuses. Who could forget Jake DeSantis’ editorial in The New York Times as busloads of tourists picketed the lawns of AIG’s executives?

More often, the talent simply, quietly, moves on. Andrew Hall’s new job at OXY will give him the breathing room to generate hundreds of millions in profits and get paid instead of pilloried. In the universe of capitalism, people get paid for exceptional results. Talent will emerge and re-emerge as the tide of public scrutiny washes over Wall Street.