[the professional manager is] an individual who, because of his training, experience, and competence, is employed to develop and expand the assets and realizations of owners.
Cited in: Harold F. Smiddy and Lionel Naum. "Evolution of a "Science of Managing" in America," in: Selected readings in management, Fremont A. Shull (edd), 1957. p. 35 - "Management and the American Future," 1954
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