Mr. Dermot Gleeson:

Well I mean, I think the answer is in the question that you've posed, Chairman. Clearly not appropriate by today's standards and looking back, they were paid much too high but that was the market rate at the time. We always got consultants from outside, expensive consultants say what is the rate. And Dr. Nyberg has commented that the salaries of the AIB chief executive was the least relative to size. Our objective was to get what the market rate was and pay a bit less than that. Clearly we paid too much.