And deferred stock. I am joined by laura. T does the stock surge banks really outperformed as a group, the s p 500 last year. What does this mean to the average banker . They are pretty happy today if they got a deferred stock bonus three years or five years ago. A lot more value. Years or five years ago, they were probably annoyed. Now it seems if they could hang in there, it is a pretty good deal. And a time you cannot get cash right away, you might be a little cranky. As one of our consultants said. Worth sat on it, it is 30 more. In Morgan Stanleys case, 60 more. Morgan stanley was up 60 . All of this came a little bit as a theme of the aftermath from the credit crisis, bankers are making too much and have high bonuses. The have to have skin in game. So these plants came into effect. Regulators were pushing banks to pay with stocks, they want bankers to have skin in the game and dial back risk taking. When you have more stock, there is incentive to do the smart thing. This is your