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T. Rowe Price, once a pure growth-stock firm, has evolved into more of a defensive shop during Rogers' tenure there.
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In the wake of the financial crisis, acquisition agreements with private equity firms have evolved.
But accounting firms have evolved into increasingly complex organisations, offering all manner of services besides auditing.
But as accounting firms have evolved into complex organisations offering all manner of services beyond auditing, the standard for "independence" has become suspect.
Editor's note: As part of our six part series on China, BBC Capital takes a look inside China's tech business landscape to analyse how firms have evolved, the personalities that have driven success and what the next generation are working on.
Island cofounder Citron was a trader for a SOES firm that has evolved into the currently hot Internet Web brokerage Datek Online.
A founder of the Los Angeles-based firm Morphosis, he has evolved from brash outsider into one of the country's most celebrated architects in less than a decade by infusing his industrial-machine aesthetic with a slyly idiosyncratic sensibility.
The pair met in a radio studio a decade ago and have since built up a firm friendship, which has evolved into a musical coalition opposing artistic boycotts and promoting a small-scale peace process that simply bypasses the excuses and the extremists.
But this has evolved and now firms like Founders Fund and Andreessen Horowitz have championed the idea that founder CEOs are often the best stewards of companies over the very long-run.
Firms Discover a Flair for Self-Promotion | Though venture capitalists once shunned the limelight, the industry has evolved.
The service has evolved from models in Excel to automated compensation planning software used by 120 top VC firms.
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