Business & Finance: Versatile Browns

Familiar is the figure of the executive who has worked up from office boy or shipping clerk, whose leadership of a company has resulted from long familiarity with all its twists and turns. Less familiar, but recently much in vogue, is what might be termed the Professional Executive. His distinguishing characteristic is the fact that he becomes president of a company not because of what he knows about the company but because of what he knows about being a president. He is in the business of running things, and what he runs is a...

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