Brad Pacheco Quotations

We are pretty tough on fees. We are not going to pay a firm more because they have some overhead with a placement agent.

We really feel there was a lack of oversight and failed responsibility for disclosure of compensation practices. There was an eleventh-hour attempt to come up with corporate practice guidelines, but, in our view, it shouldn't take a proxy threat to get action.

Our assets are run to (match) the Lehman Bros. Long Liabilities Index. The new bonds will be part of the index. We will have to buy them at some point.

We want to look at best practices, alternatives in lieu of expensing. We want to come up with penalties to put on companies if they abuse options.

They've done a phenomenal job of investing for us.

A lot of the initiatives lately have been investment initiatives so he's had to deal with those. But Mark is there to make money and he's not really engaged in the political debate.

They're going to continue to watch them and it may be something we purchase in the future.