mary thompson and kate kelly join us. what can you tell us about the presumptive class of new mds at gs? >> the formal announcement made. 280 of them, slightly larger tha than last year's class of 266. most about 200 in revenue producing roles, shouldn't be a surprise, things like trading, investment banking, et cetera. coming into this year a lot of question about how big this class would be because it's the last year that they're going to be named on an annual basis. from this year on they're going to be named every other year. so some people were thinking they're going to name more, but keep in mind, goldman has been in a cost cutting mode and keeping compensation costs in line is one of the easiest ways. >> 280 new mds. where's the party tonight. what does this say about the overall trend of pay and promotion on wall street? >> it's interesting. we're seeing a slight -- a modest up performance in terms of paid projections this year, up 4% is the main projectionion overall for wall street bonuses globally. that's overs