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Peter T. Grauer has been one of our directors since August 1994 and our lead independent director since 2003. Mr. Grauer has been chairman of the board of Bloomberg Inc. since April 2001 and its president chief executive officer and treasurer since March 2002. From November 2000 until March 2002 Mr. Grauer was a managing director of Credit Suisse First Boston. From September 1992 until November 2000 upon the merger of Donaldson Lufkin & Jenrette or DLJ into Credit Suisse First Boston Mr. Grauer was a managing director and founding partner of DLJ Merchant Banking. | 