Boris circled the room manfully shaking hands and patting backs. From the other side his Transport Director Kulveer Ranger did the same until the two silently crossed paths.
Halfway around the horseshoe and Boris Johnson stopped for a long chat with Steve Norris. Norris, who some say should be the man chairing the board, appeared to be cribbing up the new boss.
And with once Chairman Tim Parker burning magazines in Australia, and with his Deputy Chair absent as well, it was down to Boris alone to get proceedings underway.
But as he began his opening statement it was not board finances, but annoyed commuters who got in his way:
"Can't we get an agenda in advance?" shouted an elderly man from the audience.
Boris carried on.
"Can't you use a bit of reason man?"
Boris told him to write to him.
"I did write to you and I did not get an answer."
Boris stumbled on. The man's wife joined in the assault:
"I thought things would get better with you but they have got worse."
Boris called for security, but the couple refused to give up."I would like to suggest" continued the woman, "that you make Ken Livingstone the chairman instead."
Boris quickly adjourned the meeting.
But with his hecklers refusing to leave and with time ticking on, Boris stepped into the gallery for some direct diplomacy.
And with a promise that they could deliver a 'two sentence' presentation, the meeting began again.
But with normal proceedings in danger of getting going, it was Boris's tutor who brought them back to a halt.
"I can't see how it is going to take until 2015 to phase out all of the artics," put in Steve Norris. Boris looked on dumbfounded.
"That seems like an extraordinary length of time to me. I understand, in fact I know, that they could do it from tomorrow."
Hendy whittered something about not getting a 'bargain basement deal' but Norris was unconvinvced.
"I know that we could negotiate this with them sooner if we wanted... unless of course we don't want to do it at all."
Boris's smile had by now fixed into rigor mortis. This was not what he had expected from his old chum.
And with his eyes down, he listened as Hendy replied for him, before looking up and quickly adding:
"The important thing is that we get value for money"
Which it seemed was all that was needed to be said.