As well as their specialist skills, choose managers or directors who:

The change, now limited to junior managers, might open the way for similar changes in choosing senior managers.

The endowment chooses outside managers for the 45 percent of its assets that it does not oversee itself.

Insure diversity by choosing managers who use different approaches to stock-picking and who work with companies of different sizes.

He has chosen managers who have won World Series championships.

Mr. Magnan had pushed this plan while executive vice president of operations, and he said he was being given a "free hand" to choose managers.

Cooperstown also uses an 18-member Veterans Committee to choose old-time players, managers, umpires and executives.

Despite Liberty's assertion that it chooses outstanding managers, over the short run, performance has been below average.

In the process, the 57-year-old executive has reached certain conclusions about choosing managers.

He learned how to choose good outside managers without losing the company to them.