If you look at our overall performance system that we have in place, as determined by our board, it has several key principles, which I think are important to focus on. First, it rewards performance over the long term. Short-term periods definitely have an impact, but the system is meant to match and align our interests with the long-term interests of the fund. We measure that over four-year periods. It's also measured on a pay-for-performance basis, which I outlined earlier in my response to Mr. McCallum.
On April 28th, 2009. See this statement in context.