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[CrunchyB]

Everyone wants to be compensated for their work - wealthy or not. Just because he's wealthy a company should give him half of what he deserves?

He didn't deserve that bonus. Maybe some misleading half-promises were made, but mr. Salem should know all about those kind of tricks, being an expert trader and all.

Also, no single person can generate 7 billion dollars of worth all by himself, that's insane. You either need a lot of talented coworkers or a shit-ton of capital to work with. Because he worked at GS, he probably had both at his disposal.

 

[StMeph]

General hate toward bankers aside, bonuses are an industry-standard part of their compensation. It's discretionary/performance-based largely in name only, except in outlier years or performances. For NY bankers and lawyers, bonuses are generally considered to be part of their pay package each year. For lawyers it's between 40-100% of salary, and for bankers it can be several multiples.

 

[bill0527]

I hate him, not because he's rich, but because he's complaining

Spoiler

(being a whiny little fuckbag)

about getting $8 million on top of his normal salary/commision.

No. You hate him because he's rich and you think the amount of money he makes is egregious.

Let's say you were a minimum wage janitor at the company you worked for. Would you be as pissed off and have the same level of hate for another guy in your company that made $40,000 a year and got a $3,000 bonus? Probably not.

 

[turtle553]

Mortgages. 2009 and 2010. This is the kind of guy who has fucked America.

Nah. Mortgages and America were fucked long before this. The first crash was 2008 from loans made years before. He just figured out how to make money off of it, which was his job.

 

[BigDug13]

No. You hate him because he's rich and you think the amount of money he makes is egregious.

Let's say you were a minimum wage janitor at the company you worked for. Would you be as pissed off and have the same level of hate for another guy in your company that made $40,000 a year and got a $3,000 bonus? Probably not.

What if he made that $40,000 that year by pick pocketing? Could I hate him at that same level as this guy then?

 

[Dreams-Visions]

If he earned the company $7 billion, pay this man his fucking money. Refusing to pay someone based on comments in a self-review is fuckin bulllshit.

 

[Zoc]

General hate toward bankers aside, bonuses are an industry-standard part of their compensation. It's discretionary/performance-based largely in name only, except in outlier years or performances. For NY bankers and lawyers, bonuses are generally considered to be part of their pay package each year. For lawyers it's between 40-100% of salary, and for bankers it can be several multiples.

You make it sound so simple; like decent pay for a job well done. On one level, that's perfectly fair. I'm sure these guys are very good at what they do, and I'm sure I could never compete with them.

On another level, though, and I think this why bankers get so much hate, is that they are bad for society. They take huge amounts of money out of the economy, and yet they produce nothing. The stock market undeniably has a role to play in allocating capital and accelerating economic progress, but what good for society comes from sitting behind a computer screen buying and then selling stocks in a fraction of a second, betting money that a company will fail, or cornering a market? I challenge you to tell me.

And you can't say that they "generate wealth." They produce nothing and generate nothing. The skim off the top. The technical term for what they do is "extracting rent" from the rest of society.

 

[entremet]

If he earned the company $7 billion, pay this man his fucking money. Refusing to pay someone based on comments in a self-review is fuckin bulllshit.

Sounds like a copout from Goldman. But Goldman are scum and thieves so I'm not surprised.

 

[Hitokage]

You make it sound so simple; like decent pay for a job well done.

This would only hold if performance actually correlated with compensation. Golden parachutes, bonuses, and bailouts for failing people!

 

[Dorrin]

He was 'led to believe', I would think someone in his position would be a bit more savvy about promises. Promises or being 'led to believe' can amount to a whole lot of nothing in this world be it a million dollar bonus or a person making 10 bucks an hour, being lied to by a boss/manager/company owner is something a lot of people have faced.

Sounds like the free market in action. If he is unhappy with his bonus he is free to take his talents elsewhere and when doing so I'm sure he can negotiate a better salary or bonus structure that is backed up by legal means this time. Free market right? Supply and demand for workers etc etc? It must hurt when it effects one of the upper crust themselves and not that lowly everyday common person.

 

[Red Liquorice]

Scumbags gonna scum.

 

[bill0527]

What if he made that $40,000 that year by pick pocketing? Could I hate him at that same level as this guy then?

If he was charged with a crime, tried and convicted in a court of law, then sure. Hate away.

 

[KingGondo]

If he was charged with a crime, tried and convicted in a court of law, then sure. Hate away.

This post assumes that people in the financial sector actually get charged with the crimes they commit.

 

[Cipherr]

No. You hate him because he's rich and you think the amount of money he makes is egregious.

This sort of describes my feeling on this. I don't hate him though, I just see it as "whining". But I'm positive I only see it that way because I feel like the amount of money he makes is extreme. So in my mind I'm going "Just be happy with the 8 million" even though if someone cut half of my salary in half I would be upset heh.

 

[Randolph Freelander]

That bonus isn't exactly "jelly of the month" territory, Clark.

 

[Ourobolus]

All of these judgements about a person we DON'T know? I've noticed a lot of hate towards wealthy or successful people. We don't know what he did; we don't know his life; we don't know his wife; we don't know the hardships in his life.

Is it jealousy that fuels this hate?

And you know how much I make, how?

http://www.bloomberg.com/news/2012-...n-sachs-trader-salem-in-mortgage-push-1-.html

GoldenTree Asset Management LP, the $15.7 billion hedge fund specializing in corporate credit, hired Goldman Sachs Group Inc. (GS) trader Deeb Salem as the firm expands its mortgage-bond team.

Salem started at New York-based GoldenTree this week, Chief Investment Officer Steven Tananbaum said today in an interview. Salem, who left the bank in May, was among the Goldman Sachs traders who handled its bets against subprime mortgages as the debt collapsed in 2007, at one point trying to manipulate prices of derivatives tied to the loans, according to a report last year by a U.S. Senate panel. Salem denied wrongdoing.

I didn't say I hate him. I can call him a douchebag because he was one of those guys betting against subprime mortgages back during the collapse years ago. I don't mind people being successful when their success involves actually providing some sort of service - not credit default swaps that had a large hand in catalyzing the crisis. He can fuck right off.

 

[Vicetrailia]

Sounds like the free market in action. If he is unhappy with his bonus he is free to take his talents elsewhere and when doing so I'm sure he can negotiate a better salary or bonus structure that is backed up by legal means this time. Free market right? Supply and demand for workers etc etc? It must hurt when it effects one of the upper crust themselves and not that lowly everyday common person.

Ah man, I must have forgot. Well he's rich so he can get the sympathy pass.

 

[sixpackrules]

This post assumes that people in the financial sector actually get charged with the crimes they commit.

yeah, those poor bankers going to jail for deceiving and rigging the market... at least one can dream, no?

 

[StMeph]

You make it sound so simple; like decent pay for a job well done. On one level, that's perfectly fair. I'm sure these guys are very good at what they do, and I'm sure I could never compete with them.

On another level, though, and I think this why bankers get so much hate, is that they are bad for society. They take huge amounts of money out of the economy, and yet they produce nothing. The stock market undeniably has a role to play in allocating capital and accelerating economic progress, but what good for society comes from sitting behind a computer screen buying and then selling stocks in a fraction of a second, betting money that a company will fail, or cornering a market? I challenge you to tell me.

And you can't say that they "generate wealth." They produce nothing and generate nothing. The skim off the top. The technical term for what they do is "extracting rent" from the rest of society.

I don't disagree with what you're saying. Can finance be exploitative? Absolutely. But banking is really broad. There are definitely necessary financial services and products that are generally beneficial to everyone, but also aspects of it that are not productive or beneficial at all, and sometimes is actively detrimental.

That said, I also think we have to divorce individuals from the companies they work for, unless it's a tiny boutique outfit that basically operates for that one individual. Because pay is so lucrative in banking, it attracts people. The pay is what graduates are chasing, and it's the primary bait used to lure top candidates away from other businesses or industries. So if money is what got you into banking, and suddenly you're paid less than you expected, you're going to be really unhappy about it.

There's justified vitriol toward finance and its institutions. I also think much of it is misunderstood, and so that vitriol spills into things that aren't a problem, socially or ethically. It just turns into blanket hate because that's easier than understanding nuance or how to tackle the problem. It's the same reason why politics become so charged.

 

[BigDug13]

If he was charged with a crime, tried and convicted in a court of law, then sure. Hate away.

If that's the standard, we can never be mad at what people in the financial industry did because they will never face those repercussions. We can never be mad at Bush/Cheney for their war crimes either because they were never charged with a crime, tried and convicted in a court of law.

Are you serious? Only people who actually face criminal charges after getting caught doing something are hate worthy?

 

[DJwest]

The bitterness in this thread... damn lol.

 

[Mengy]

No. You hate him because he's rich and you think the amount of money he makes is egregious.

Let's say you were a minimum wage janitor at the company you worked for. Would you be as pissed off and have the same level of hate for another guy in your company that made $40,000 a year and got a $3,000 bonus? Probably not.

The difference in purchasing power and quality of life between $40,000 per year and a $7 million dollar bonus are HUGE. You can not seriously make an analogy like that. One salary pays a mortgage for a year, the other enables you to retire financially independent and live life any way you see fit for the rest of your life.

I don't hate him because he is rich. I hate him because he is acting like an entitled snot who is so far removed from the reality of 99% of the world that he can't simply appreciate the fantastic position he is already in. NO, he wants MORE. Financial independence and freedom isn't enough for him, he wants MORE.

If I got my $15 million dollar bonus cut down to $7 million I'd be saying a loud an hearty "Thank you!" and living my dreams for the rest of my life.

 

[tbm24]

The difference in purchasing power and quality of life between $40,000 per year and a $7 million dollar bonus are HUGE. You can not seriously make an analogy like that. One salary pays a mortgage for a year, the other enables you to retire financially independent and live life any way you see fit for the rest of your life.

I don't hate him because he is rich. I hate him because he is acting like an entitled snot who is so far removed from the reality of 99% of the world that he can't simply appreciate the fantastic position he is already in. NO, he wants MORE. Financial independence and freedom isn't enough for him, he wants MORE.

If I got my $15 million dollar bonus cut down to $7 million I'd be saying a loud an hearty "Thank you!" and living my dreams for the rest of my life.

Why should he be complacent? It may be a large sum of money, but if I was owed and amount but was not given it, I'd fight to get the amount promised to me. The fact that we are talking about millions is irrelevant.

 

[StMeph]

If I got my $15 million dollar bonus cut down to $7 million I'd be saying a loud an hearty "Thank you!" and living my dreams for the rest of my life.

I doubt that.

Let's say you won the lottery for $15 million. You're entitled to $15 million. But then -- for reasons you personally feel are bullshit, correctly or not -- the award is suddenly cut to $7 million. You would accept the difference without complaint or any sense of injustice?

 

[Khalifa Jayy]

Eh, I can kind of understand his frustration. Just because he makes more than me, doesn't mean he feels any less screwed than I do when my employer jerks me around.

If it was alluded I stick around for a bigger bonus and it never came, I'd be perturbed, especially if I'm a catalyst for bring 100x as much money in. Or, for example, if I expect a $1,500 bonus one quarter and get a $500 bonus, instead, I'd be frustrated. Anyone would.

Am I piece of shit because some retail employee is worried about their $50 bonus instead of a $150 bonus?

Don't get me wrong - he looks like a douche and probably is. I'm sure I'd hate him in real life. But bias aside, I can understand why he's upset.

EDIT: Also just realized I got a tag!

OT: You got a tag for that post? What the hell? What am I missing?

 

[starchild excalibur]

We should strive to be better, more successful than these type of people. Not hate on them. At least that's how I see it.

It's impossible for everyone to be in the top 1% regardless of effort, talent or skill. While I agree with you that we shouldn't go about defining people's worth, I do think there are people who are vastly overpaid for what they do and in turn only help shrink the middle class further.

 

[TTOOLL]

A greedy fuck company screwed over a greedy fuck employee. I weep for his hardships.

Perfect.
These are the kind of companies and people who fuck the world all the time, I despise them.

 

[E92 M3]

And you know how much I make, how?



I didn't say I hate him. I can call him a douchebag because he was one of those guys betting against subprime mortgages back during the collapse years ago. I don't mind people being successful when their success involves actually providing some sort of service - not credit default swaps that had a large hand in catalyzing the crisis. He can fuck right off.

Lol - when did I ever say I know how much you make? Or when did I assume anyone's salary? Following the laws of logical thinking, it would be safe to assume that the initial disdain stems from jealousy. And it's nice to know you're the determinant of success. Mortgage crisis was a two way street. People got in over their heads and the banks allowed it - simply put. It's a complicated matter and can't just elucidate his involvement based on the little information we know.

It's impossible for everyone to be in the top 1% regardless of effort, talent or skill. While I agree with you that we shouldn't go about defining people's worth, I do think there are people who are vastly overpaid for what they do and in turn only help shrink the middle class further.

Indeed there will always be a class differential - nothing will change that. In terms of compensation package, that is something we will just have to learn to deal with in the American society, unfortunately. Irregardless I say "Mozel Tov" to the ones who are successful and work on cutting out my own piece of the pie.

 

[Blood Red Sky]

Is he in court to donate that money to charity? or did he promise his wife a bigger diamond ring and breast implants?

No, he promised them to his mum.

 

[Gallbaro]

This post assumes that people in the financial sector actually get charged with the crimes they commit.

Not under Obama they don't.

But in this case do not hate the player, hate the game. The money he did not get just went to GS shareholders. And no amount of complaining will change the fact that banking is the first beneficiary of corrupt politics and the Fed.

 

[Ourobolus]

Lol - when did I ever say I know how much you make? Or when did I assume anyone's salary? Following the laws of logical thinking, it would be safe to assume that the initial disdain stems from jealousy. And it's nice to know you're the determinant of success. Mortgage crisis was a two way street. People got in over their heads and the banks allowed it - simply put. It's a complicated matter and can't just elucidate his involvement based on the little information we know.

And following the laws of logical thinking, you were clearly making an assumption about my finances, considering you assumed my "hatred" came from jealousy, and since I'm pretty sure the article isn't talking about his curly hair, it must be regarding money.

I can certainly define success - anyone can. You can too. It's subjective. I'm not asking for your agreement - I don't care. You are free to define success how you want. From my perspective, he doesn't "deserve" whatever he wanted - but that's probably a factor of my not being employed by Goldman Sachs and having a view that isn't aligned with their bottom line. It'd be like if an executive of a big-dick pill company complained that he didn't get the bonus he expected. I wouldn't give a shit about his feelings considering his company doesn't actually provide any benefits and simply capitalizes on people's stupidity.

As for the mortgage crisis, sure, there's some blame on both sides, but I was specifically discussing the CDSs, which Deeb was involved in, as part of the problem.

 

[SoulPlaya]

If there's a hell, it was made for these greedy fucks. Turning money into its own commodity, they contribute nothing to society while feasting and spreading misery.

 

[Mengy]

I doubt that.

Let's say you won the lottery for $15 million. You're entitled to $15 million. But then -- for reasons you personally feel are bullshit, correctly or not -- the award is suddenly cut to $7 million. You would accept the difference without complaint or any sense of injustice?

Yes.

Why wouldn't I? $7 million is more than enough for me to pay off my debts, retire, quit my day job and spend the rest of my life exploring the world, writing my novels and teaching myself to make video games. After the amount of $7,000,000, another $8,000,000 does not make that big a difference to me, and I would not waste my time pursuing it when I could be doing more positive things with my time.

I suppose I'm just not overly greedy?

 

[Zoc]

That said, I also think we have to divorce individuals from the companies they work for, unless it's a tiny boutique outfit that basically operates for that one individual. Because pay is so lucrative in banking, it attracts people. The pay is what graduates are chasing, and it's the primary bait used to lure top candidates away from other businesses or industries. So if money is what got you into banking, and suddenly you're paid less than you expected, you're going to be really unhappy about it.

There's justified vitriol toward finance and its institutions. I also think much of it is misunderstood, and so that vitriol spills into things that aren't a problem, socially or ethically. It just turns into blanket hate because that's easier than understanding nuance or how to tackle the problem. It's the same reason why politics become so charged.

OK, yes. He was promised a certain amount and got less. You got me. I would also complain in the same situation.

I think that's beside the point, though. You don't seem to get the anger against the bankers. It also doesn't really sound like you understand the magnitude of the threat the current financial system poses to the American way of life. The majority of the population does understand it, I think, and that is the source of the anger that you see against them here on gaf and elsewhere.

These so-called "investment" bankers have taken 95% of the economic gains of the United States over the last five years. They are choking the country that used to be the world's bastion of freedom and opportunity, and transforming it in a copy of Dickens' England.

 

[E92 M3]

And following the laws of logical thinking, you were clearly making an assumption about my finances, considering you assumed my "hatred" came from jealousy, and since I'm pretty sure the article isn't talking about his curly hair, it must be regarding money.

I can certainly define success - anyone can. You can too. It's subjective. I'm not asking for your agreement - I don't care. You are free to define success how you want. From my perspective, he doesn't "deserve" whatever he wanted - but that's probably a factor of my not being employed by Goldman Sachs and having a view that isn't aligned with their bottom line. It'd be like if an executive of a big-dick pill company complained that he didn't get the bonus he expected. I wouldn't give a shit about his feelings considering his company doesn't actually provide any benefits and simply capitalizes on people's stupidity.

As for the mortgage crisis, sure, there's some blame on both sides, but I was specifically discussing the CDSs, which Deeb was involved in, as part of the problem.

I never targeted you it was a generalized statement - often times jealousy involves finances. That's just the way it is in the world. Part of the structure behind our society is finding a niche and making money from it. That's how businesses start. So if a guy decided to start a big-dick pill company, good for him. People shouldn't be so stupid then. I am not completely happy with how everything turned out in our country, but it comes down to hating or playing the game with them.

 

[SRG01]

As much as he can be sympathized like anyone else who was screwed out of a bonus...

a) WTF $8.25 million
b) Bonuses aren't guaranteed, aren't they?

 

[Ourobolus]

I never targeted you it was a generalized statement - often times jealousy involves finances. That's just the way it is in the world. Part of the structure behind our society is finding a niche and making money from it. That's how businesses start. So if a guy decided to start a big-dick pill company, good for him. People shouldn't be so stupid then. I am not completely happy with how everything turned out in our country, but it comes down to hating or playing the game with them.

Well you specifically quoted me - I was using myself as an example. I could've easily said "you know how much we all make?"
And a niche market is one thing. Good for them. And sure, people should be smarter. But in lieu of truthful advertising (how many big dick emails/commercials have you seen that say, "Hey! These don't actually work!"), I have zero sympathy for those people who capitalize on people who just simply don't know any better. Some is ignorance, some is just plain stupidity. Businesses don't have an obligation to treat people with respect, sure, but they'll hardly gain mine (including their employees) by not doing so.

 

[Khalifa Jayy]

As much as he can be sympathized like anyone else who was screwed out of a bonus...

a) WTF $8.25 million
b) Bonuses aren't guaranteed, aren't they?

Although my bonuses are much, much, much smaller... my bonuses are most defiitely guaranteed if I meet certain metrics/goals. I'm not sure if Goldman Sachs has something similar in place, or if they have a "if you do good we'll shoot you a couple millie depending on what we feel like" system, which it appears they might? I much prefer the way my company does it because I know -- with absolute certainty -- what exactly weighs into my bonus and what tier I'm going to be paid out at.

 

[E92 M3]

Well you specifically quoted me - I was using myself as an example. I could've easily said "you know how much we all make?"
And a niche market is one thing. Good for them. And sure, people should be smarter. But in lieu of truthful advertising (how many big dick emails/commercials have you seen that say, "Hey! These don't actually work!"), I have zero sympathy for those people who capitalize on people who just simply don't know any better. Some is ignorance, some is just plain stupidity. Businesses don't have an obligation to treat people with respect, sure, but they'll hardly gain mine (including their employees) by not doing so.

I don't respect those businesses just like you don't, but can't fault them for capitalizing on stupid. If there is a market, someone will find a way to make money of it. In general a lot of the sex industry capitalizes on desperation - cam sites being one of the prime suspects.

Would I feel comfortable ripping people off by claiming they can be the next Lexington Steele? No, but I am not a douchebag. I prefer to make money in a more respectable way without screwing anyone over.

 

[Hari Seldon]

He will have to cut down on his cocaine and whore consumption a little bit.

 

[avaya]

For a fact he would not have been personally responsible for generating USD7bn, virtually no trader is. Completely lost touch with reality.

 

[Pickles the Firecat]

For a fact he would not have been personally responsible for generating USD7bn, virtually no trader is. Completely lost touch with reality.

Well, you see, he said he was so it must be true.

 

[Ourobolus]

I don't respect those businesses just like you don't, but can't fault them for capitalizing on stupid. If there is a market, someone will find a way to make money of it. In general a lot of the sex industry capitalizes on desperation - cam sites being one of the prime suspects.

I don't fault them, per se. I do consider it unethical - so when I see this, and this is the entire argument that we somehow got roped into here, I can confidently assert their douchebaggery...

What a Deebag.

All of these judgements about a person we DON'T know? I've noticed a lot of hate towards wealthy or successful people. We don't know what he did; we don't know his life; we don't know his wife; we don't know the hardships in his life.

Is it jealousy that fuels this hate?

...as I did...

Would I feel comfortable ripping people off by claiming they can be the next Lexington Steele? No, but I am not a douchebag. I prefer to make money in a more respectable way without screwing anyone over.

...Just like you implied. So now I'm wondering why we are having this discussion.

 

[Chumly]

If he was led to believe he would have a higher bonus then Goldman needs to pay up plus penalties. It's a load of bullshit that they would dock millions based off a self review from several years earlier. Companies should be held to promises that the make to employees whether they are in writing or not. Cop out bullshit that Goldman is arguing should not be allowed.

 

[Ultimatum]

He earned his company 7 billion fucking dollars but only took home 8.25 million, that's a commission of a little over 0.1% (ignoring his salary)

As a person who is close to bringing in 7 figures a year; I can understand the frustration. He is owed the amount he should get. People can make their jokes about living a hard life with that much money but the truth is for many of us, we live cheque to cheque just like the rest of you. We're really no different; I mean sure we can afford to take WAY more vacations, and drive nice cars, own yachts, and things like that. But look at the downside; poor people everywhere, ugh. I wish I could like put up spikes for people under $300k can go away.

what do you do? can you teach me how to be rich pls

 

[yellow submarine]

Yes.

Why wouldn't I? $7 million is more than enough for me to pay off my debts, retire, quit my day job and spend the rest of my life exploring the world, writing my novels and teaching myself to make video games. After the amount of $7,000,000, another $8,000,000 does not make that big a difference to me, and I would not waste my time pursuing it when I could be doing more positive things with my time.

I suppose I'm just not overly greedy?

[edit: removed the "are you all high" line, didn't convey what I wanted to say]
I'm at a loss to understand why people are not seeing the justice angle here.

You want some guy to give up 50% of his deserved compensation to a company like Goldman Sachs? The figures being in the millions make him deserve no sympathy, but surely justice in this case would be to give him what he was owed. He made the entire firm 7 billion, and you can be damn sure that the partners and managers got their cut of the 7 billion+ profit, probably in the hundreds of millions. Isn't it justice to give this guy his cut? Would you feel for him if he only made 70K and was being cheated out of his 80K bonus while the company partners STILL walk away with hundreds of millions?

I see it from the perspective of an employee being screwed by his much richer mangers/partners/employers. The magnitude of the money involved might make a difference in how much sympathy you feel for him, but he's clearly in the right to demand that compensation.

 

[kame-sennin]

You do realize that there are hundreds of jobs in the financial industry that don't involve ripping people off, right?

No there aren't.

 

[-Horizon-]

I hope I can one day find a job that would give me that kind of unfair bonus.

 

[kame-sennin]

No. You hate him because he's rich and you think the amount of money he makes is egregious.

As he should. Anyone who drains the lifeblood of society like a parasitic vampire squid should be rightfully despised by their victims. You don't earn billions upon billions of dollars for your company without sucking that wealth up from the rest of society. If 100 people sat around a giant pizza with 100 slices, and one asshole ate 99 slices by himself, everyone else would hate him and they would KNOW that the amount he ate was egregious. Yes, this man is a financial glutton and the amount of money he makes is egregious.

 

[jackie jormp-jomp]

I doubt that.

Let's say you won the lottery for $15 million. You're entitled to $15 million. But then -- for reasons you personally feel are bullshit, correctly or not -- the award is suddenly cut to $7 million. You would accept the difference without complaint or any sense of injustice?

Assuming 15 million won in Powerball:
Lump Sum : (approx) $8,107,143.00 / $4,896,714.00 (after 39.6% federal tax)

"Saying he helped the bank earn more than $7 billion"
Well how much were they projected to make? If they were on track for 6.7 billion and he helped them make 7, that's only 300 million he can take credit for. Or it could be he just did his thing, and 7 billion was generated during that period. I certainly helped Target make it's billions a year by working there, I can't take credit for the entire amount made though. Can this guy?