Corporations: On the Run

For the two physical fitness enthu- siasts who run Monogram Industries Inc. of Los Angeles, big decisions are made on the run. In the late afternoon, Chief Executive Martin Stone, 39, jogs a measured mile with his dog, a golden retriever named Charles de Gall-Stone, while he reflects on the day's corporate affairs. More often than not, Stone and Executive Vice President Harvey L.

Karp, also 39, will agree to make a multimillion dollar acquisition between handball games or during an after-lunch ten-mile walk-and-talk session. Out of this unorthodox exercise of brains and...