21.   He continued to travel and manage his business until his health failed two months ago.

22.   He began to slow down the openings, manage his money more carefully and build a team to help train employees and manage the business.

23.   He ran the excavating equipment while Walter remained in Massachusetts to manage the business.

24.   He recently arranged for Met Life to sell its health insurance and managed health care businesses to a new company it owns jointly with Travelers.

25.   He will oversee the group with Joseph A. Walker, a long-time Morgan banker who until now managed the business on his own.

26.   In a limited partnership, the limited partners cannot manage the business, but the owners of a limited liability company can serve as managers.

27.   In all such ventures, he said, the fund would take a minority position and rely on its partner to manage the business.

28.   In conference calls with reporters and analysts Wednesday, JP Morgan executives stressed that they would be managing their business conservatively near term and focusing on cutting costs.

29.   It is a sad story, a textbook case in how not to manage a business.

30.   Jon Winkelried, who had been co-head of the bond and commodities businesses with Blankfein, will continue to manage those businesses.