Sadly, I can find no fault in short circuit's logic, nor in his time line, and I do believe I made pretty much the same comment somewhere here on D&G some time ago and was howled down by Keg and other QF insiders for "not knowing what I was talking about".
I really hope short circuit and I are wrong, but it doesn't take a degree in rocket science to imagine what some of the converations around Dikko and Margaret's conference table will have been on the subject of staff costs these last few years.