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Letter to Morton L. Mandel, cc'd to Bob Warren, from Peter F. Drucker, summarizing his impressions on a meeting at the Harmonie Club. Drucker conveys to Mandel that his concerns with the company's personnel and their ability to accurately judge others are misplaced. Instead, Drucker emphasizes the importance of Premier Industrial Corporation highlighting both the system of recording performance and the selection of people, and also emphasizes that PIC needs to determine the key factors that really influence results in PIC's corporate sector. Therefore, Drucker recommends that, instead of allowing PIC's legal and financial men to be specialists, PIC should be trying to figure out how specialists can contribute more to the company. Finally, Drucker recommends bringing younger men - under forty - into the business and giving them responsible positions to help with its conservatism. Drucker closes the letter requesting a new meeting with Mandel to discuss his insights and receive feedback.