What message does this letter—and they've all read about it, I can guarantee you; there won't be a single corporate director in this country who is not aware of what is going on here. What affect does it have on the people on those boards? And it is a few others. It is organisations that are SOEs that hold data for the weather and actually do all sorts of useful services. Well, they are all going to be tarred with the same brush that Grant Robertson has tarred Air New Zealand with. That means that we are going to have a decline in the quality of governance.