Okay, we're all here? Can you hear me? >> Yep, perfectly clear Paul. >> So firstly, great work on the risk analysis. To be honest, I think Mr. X was just testing us on what we knew about Target Co. But the word from upstairs is that he is finally convinced that we know what we are doing. So it looks like he might be going ahead with the transaction. >> Hey, that's great news, boss! >> Before finally committing though, he wants to get a feel for the competency of the senior management team at Target Co. >> Well, we could just show him how the share prices moved over the last couple of years. >> I suggested that to his people, but the comeback from them was that, how much of that was luck versus good management? Well, here's what I'm thinking. What you could do is identify a significant corporate action undertaken by Target Co. >> What, like an acquisition? >> Sure. Either or those or even a divestment or some other restructuring event. The key is that it needs to be significant. Having identified such an event, I want you to pick it apart and provide a brief written summary of the key points from a managerial perspective. That is, why did they say they did it? How did the market react? And ultimately, was it a successful decision. >> Now why is Mr. X interested in this again? He wants to know if Target Co's leadership is up to scratch, or whether he should consider trying to exert some influence to alter the senior management team. 4 PM today of course. All right then. I will leave you two to it. One other thing. Sean, normally I wouldn't pick you up on this, but let's think about corporate standards and attire, okay? I want to see a tie on you when we reconvene tomorrow. Clear? >> Yes Paul, clear. Crystal clear. >> Bye. >> All right, all right, all right, all right. I bet you're wearing a suit right? Let's get back into it. Let me identify the event for Target Co. I'll then send you some links for the information and a couple of suggested points that we might like to address. Now you should feel free to go beyond those links, of course, but that should get us started. Sound like a plan? All right, now I hesitate to ask, but where are you off to tonight while I'm working? All right. See you.