If you don't get the audit committee piece right, you have kind of missed.

They know what looks right and what looks wrong. All we can do is ask them to use their judgment.

Although Ronald Reagan was somebody I disagreed with on most ideological things, he was a friend of mine, and he was a very, very likable man. Ronald Reagan, for instance, was maybe more able to get the very rich to do the right thing sometimes.

The problem is having the fox in charge of the henhouse,

The problem is having the fox in charge of the henhouse.

[Income trusts] are very different creatures, ... and very much understudied and underappreciated in terms of their governance risks.