Thank you, Professor [Anat] Admati, for that kind introduction. It is a pleasure to be with you this evening, and I would like to thank the Corporations and Society Program and the Rock Center for Corporate Governance for inviting me to visit with you. In particular, I would like to thank Professors [Anat] Admati and [Joe] Grundfest for extending to me such a warm welcome. Before I go further, I must state that the views I express today are my own, and do not necessarily reflect those of my fellow Commissioners or the SEC staff.