``We are disappointed in our operating results,'' Dunton, 52, said in the statement.
That may be the understatement of the decade but I bet he's not as disappointed as Warburg.
The company also said:
``We believe that these steps, along with reduced capital requirements resulting from slower business growth, will result in our capital position surpassing rating agency Triple-A requirements,'' the company said in the statement.
Yeah, lemons and lemonade and all that. Slowing growth means reduced capital requirements; yeah that's good news.