You can go on and on and on, talking and arguing about it. But at some point, you have to say, there are charges and we'll make the charges.

We are moving swiftly to complete the separation by the end of the year if possible, and to do so in a way that minimizes tax implications and delivers the most value to our shareholders.

I think that as I've asked the stock exchange several months ago, they're taking a good, hard look at the way their board is organized, I hope the way the compensation structure is organized, ... We'll see what they come up with.

The passage of this legislation will help the commission to continue its efforts aimed at increasing investor protection and restoring confidence in our markets.

We are (also) making steady progress on the planned sale of certain international operations. We expect to reach some final decisions in this area over the next few months.

I am profoundly saddened and angered by the conduct that is alleged.

I anticipate that in January the commission will consider adopting rules that would require 'dollars and cents' fee disclosure to shareholders, coupled with more frequent disclosure of portfolio holdings information.

Those offices have not been sitting on their hands.

He said, if he were Grasso he would have given the money back.