Mack is certainly going to continue to reshape the company and the board. There will be guys who are going to be with the program and guys who won't.

Mack is certainly going to continue to reshape the company and the board,

I think we can certainly see another few (leaving). It's going to be different company going forward.

I don't see how Lehman shares can go up meaningfully from here. This is a record valuation for them. A lot of the good news is in the stock price.

These are all steps in the right direction. Clearly the sale of the aircraft unit is a positive. I have questioned for a long time why they've had it. Good riddance.

This is a precursor to a deal -- but I would not look for something that changes the face of the franchise.