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Did you, since you were thinking of Munro as C.E.O., did you consult him about this, you know--him working with Davidson?

At the end I did.

And what was his response?

Not too hot.

And yet you Imposed that structure on them.

Yes. Yes.

Why did you do that? This is, of course, with the hindsight that ultimately, he made--or I guess the board made--Davidson, as you well know, vice chairman, and I guess Munro became chairman and C.E.O., and then--was it Nickolas who became president?

Yes.

So, in a way it seems like he undid that structure that you set up. Is that correct?

Yes.

Why did you decide to impose it on him even though you knew he was, you know--