Mr. Eugene Sheehy:

I would say they were not justifiable, period, okay, no matter what time you're looking at it. How were they constructed? There's a number of components, as you know. There's a salary, a bonus and there's a long-term incentive and there's ... I believe we had a robust policy around it. Large elements of the policy never worked, you know, the long-term incentives never worked because the goal ... the targets were too high. I had a personal policy of reinvesting all my bonuses in AIB stock. But, look, there's no way you could tell anybody in the street that these were acceptable levels of pay. That's a fact.