Mr. Chairman, I'd like to clarify a few points. First of all, our board of directors is the organization that determines incentive payments to executive officers and approves compensation for the entire organization. As my colleague pointed out, it's the four-year performance, both at the value-added level and that of total fund returns, that primarily drives the long-term incentive programs. Over the last four years, the fund has generated over $10 billion of investment income, and as a management organization we've added over $5 billion in value added.
It's important to look at these long time horizons, because they are aligned not only with the mission but also with what regulators, central bankers, and finance ministers have said, including our own central bank governor, Mark Carney, and Prime Minister Flaherty--