Exxon, he added, is a "well-run company that likes to grow its own businesses."

A well-run company would earn about 5 percent, or about $15 million, after taxes.

There is a good solid cadre of people at a well-run company.

The group found that well-run companies have eliminated some layers of management, reducing them to four or five levels.

For well-run companies, there is never an end to that pursuit.

Did this mean that Dow Jones had suddenly become a well-run company?

Some well-run companies have formal ethical guidelines spelling out steps an employee should take.

"It's a well-run company with very strong cash flow," he said.

When difficulties arise, you need to calculate the costs on the basis of a well-run company.

Revco is a well-run company and there's not much overlap between the two.