I think it was a great answer. It is true regardless of how you solve the dilution issue, the fundemental goal to to increase the value of the company. I've live through the R/S of some vancover banking stocks and biotechs and it's a shell game. They spend 90% of their time figuring out how to sell their shares. Pandit says, forget about that, we have to focus on the business.
It's the right answer. Plus - he could address the question in any other way without tipping their hand.