There's going to be the regular scrutiny and judgment of whether a particular company is worth investing in, ... We don't look at the short-term profitability. We look at the long-term integrity. That has to be part of the mix of any review.

We are troubled by the continuing decrease of the value of our investments in the company and are pleased that management and the board of directors are considering steps to stem the loss of shareholder value, ... However, as long-term investors, we want to be assured that the options are being considered to promote growth and stability in the long-term, and not simply to produce a short-term boost in the stock price.

Two years ago, the New York Racing Association was a poster child for mismanagement and corruption, ... While much still remains to be done, the result has proven that reform of even a very poorly managed and corrupt agency is possible.

What this study makes clear is that what the President and Congress have committed so far is just a down payment on what it will take to ensure that the terrorists don't succeed in destroying not just the two towers, but also America's and the world's financial capital.

He's trying to create an impression that he did a lot better than he would have is his clients had come into the class. If that were true, we would admit it.

However, the issue is not just Mr. Grasso. The issue is making fundamental reforms at the stock exchange to restore investor confidence [and] establish a model of good corporate governance, accountability and disclosure. Now that Mr. Grasso has stepped down, we can move forward with those reforms,