And many luxury-goods companies, once run by families or founders, have brought in professional managers.
The departments are run by a cadre of professional managers who are protected by civil-service rules.
The professional managers at News Corp looked into the future, decided what to do, and did it.
Finally, he ran an experiment that assumed professional managers can outperform index funds.
FORBES: A New Way Of Calculating The Brutal Arithmetic Of Fund Fees
Only a few Indian companies are fully ready to compete internationally, with professional managers independent of the owners' meddling.
Mr Mohn believed that professional managers, not family members, should run the firm.
The Koos own a 39% stake in LG, allowing family members to control the company, although professional managers now run it.
It is heartening to see a Russian company with professional managers who no longer treat minority shareholders as just an obstacle.
The senior ranks of Tata, for example, are full of professional managers.
Big severance packages also make it much harder for start-ups to recruit the professional managers that can take them into the big league.
Professional managers were brought in and took the company into being a provider to the largest companies and away from being the low-cost provider.
Many rely on personal ties, employ family members in place of professional managers, eschew the capital markets and ignore all principles of good corporate governance.
The Chinese, with their emphasis on family solidarity, have had trouble entrusting outside professional managers to run their enterprises after they grew from mom-and-pop operations.
Armani and Bulgari say that their hotels are managed by outside professional managers, and that they are only in charge of making the hotels beautiful.
ECONOMIST: Should luxury-goods firms go into the hotel business?
After all, that is what professional managers are paid to do.
Instead of reacting to market shifts, fast, allowing mistakes to happen while learning what works, professional managers should be able to predict and perform without making mistakes.
But because founding scientists often lack sufficient business nous to spot commercial opportunities, they are keen to find professional managers to replace them before they go public.
Crucially, Mr Merloni, who is still chairman, successfully handed executive power to professional managers in 1997, in the process easing his children out of positions in the firm.
Since 2004 LG Electronics has been run by professional managers.
The course director, Annalisa Tarquini, says the "management of luxury retail is a critical growth area for international luxury brands, and the need for trained and professional managers is imperative".
Investors have been disappointed with the results their professional managers have delivered over the years and have grown tired of perpetually chasing, yet somehow never obtaining, the stellar returns advertised by funds.
He says he is getting out of the funds of funds business and will now mostly liMIT his investments to managed accounts that will be looked after by professional managers but owned by his fund.
On top of that, MySpace was purchased by News Corporation, a powerhouse media company, and was given professional managers to help guide its future as well as all the resources it ever wanted to support its growth.
In a defined-benefit world, professional managers pooled billions, managed money prudently under fairly strict federal laws and money was set aside for retirees unless those companies went bankrupt or pilfered the pension funds, which they did with increasing frequency starting in the 1980s.
FORBES: 401(k) World: A Deeper Look into Tom Friedman's Nightmare
If Clay keeps it up, he might just disrupt a lot of professional money managers.
Many are advocates of listening to what successful professional money managers have to say in this regard.
FORBES: Certain ETFs Have Soared in 2010, But Will The Party Continue into 2011?
In reality, only professional money managers and well-heeled investors get into a hot deal at this price.
Most shares are owned by professional fund managers, who have to report to their clients every three months.
Many of these properties last year moved in contrapuntal trajectories that were unexpected by most professional money managers.
FORBES: Skirting Carnage: Active Vs. Passive Money Management
Why the sudden clamor for this unlicensed designation, once limited to professional money managers and the odd bond dealer?
应用推荐