Great editorial, as usual, Steve, and and a great resource, as well (the report).

A small typo, though, I think, in your first paragraph:

"The downsides were that salaries and bonuses had trended downward from the last 4 hours..."

I think you mean years?

(Apologies for the unsolicited correction - my parents were both English teachers, as is my wife, and so it's beyond my control). 🙂

Regards,

-Simon