Thank you, Chair, and hello, Minister. It's very nice to see you once again.
Minister, I will start where I left off the last time we got together, and that was with executive compensation. We had a conversation the last time about Monsieur Pierre Lavallee, who, when he departed from the Infrastructure Bank in April of 2020—well into the pandemic—received executive compensation of $600,000 at a time when we were just heading into the worst economic times Canada has ever known.
Also, of course, I understand that his predecessor, Mr. Michael Sabia, departed in October. Can you please inform the committee of whether or not Mr. Sabia also received extravagant executive compensation?