While the increased tourist traffic swelled SBM's 1928 profits to 98 million French francs, it also drove up citizen and worker demand for reforms, which Louis II publicly decried, while delegating Pierre to meet with the leaders of the National Council, all of whose members resigned that year in protest. Infuriated by failure to obtain workplace improvements at SBM, on 24 March 1929 600 Monegasques stormed the palace, prompting Pierre to negotiate with them and present their demands for constitutional and labor reform to the monarch, who agreed to fresh elections and other concessions that forestalled revolution.