Mr. Alan Merriman:

No. I mean, I think Fergus himself said that, you know, clearly, as a new chief executive, he was better placed because he had, I think, no baggage and no association with the past. I think he very clearly articulated, and I think it's true, tone is very much set at the top and, therefore, has a cascading-down impact. But I also think - and this is probably the most important point - the circumstances were very different, so the strategy and the changes were being driven by what was happening in the market and our read of the market at that point in time. And as I've clearly articulated and explained earlier, EBS as a whole in the management team, at a much earlier point, had concerns and was already beginning to address the strategy and change things accordingly. Fergus's arrival certainly helped in that regard and it did accelerate because it was a new chief executive, and that helped, but it certainly ... enabled by him, but not exclusive to him.