While you could say that 4 percent looks modest, if you look at it against inflation, they're coming out ahead.

Inflation has been very soft for a number of years, and there's absolutely no reason to believe that's going to change any time in the near future.

Inflation is down to 1.4% excluding energy, so there's absolutely no inflation pressure.

There is a push to make boards more diverse but people without large corporate salaries, such as academics, would be reluctant to become directors without guaranteed payment.

They said they would buy her house, then build her a brand-new bigger house with a wheelchair ramp and pay for her health care for the rest of her life. It just blew me away.

When they presented the offer, I about fell out of my chair.