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).