It also noted that Olin's administrators received "significantly more than the median salaries of executives in comparable positions", and that Moody's had downgraded the institution's bond rating. In an open letter to the Olin community, President Richard Miller defended the decisions of the administration and rebutted several of the points made in the article.[citation needed] The college successfully petitioned the Globe to release an official clarification, which stated that the article had "failed to include the most recent financial information available".[21] The Boston Business Journal also challenged the Globe's assessment of Olin's finances, reporting that revenue and enrollment had "rebounded smartly" in 2013 from recession lows.[22]