We did wage a very effective campaign to put pressure on the ABI board to do the right thing ... These contests are won or lost by how many mistakes you make. We didn't make any mistakes.

Whether it's a GM position or not, there are lots of different holes to fill. If the right person pops up, we're going to jump on them.

We are going to do it right, when it finally does happen. It's going to be one big exciting party.

I'm on the Business Roundtable, the CEOs of the largest 100-odd companies in the country. Most of these people wanted very much to be the CEO of a large public company but realize that it's not exactly what they had anticipated, for lots of reasons. One is competition has gotten a lot worse, and more global.

There is a fiduciary duty here. It's really inconceivable to us.

Walter Forbes's decision and the corporate governance changes approved today end any uncertainty about the future direction and leadership of Cendant. That uncertainty was a serious impediment to conducting our business and the process of restoring trust in our company.