Good morning, and welcome to Tenneco's First Quarter 2012 Earnings Release Conference Call. All lines will be on a listen-only mode until the question-and-answer segment of today's conference. Also, today's call is being recorded, if you have any objections, please disconnect at this time.
Among Vikram Pandit's last jobs as Citigroup Inc.'s chief executive officer was to decide the fate of the bank's hedge-fund unit, which employs some of his oldest colleagues. He agreed to give them most of it for free.