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"With a phone and fax, it's easy to monitor the business from New York City," Ms. Wilcox said.
If he is right, running a company will be rather like managing an IT system today: machines monitor the business, solve problems by themselves as far as possible and alert managers when something is amiss.
Much like hotels, restaurants often try to be many things to many people, Mr. Pennette said, but unlike hotels, restaurants do not have employees whose full-time job is to monitor the business and customer satisfaction.
Those problems at the company, Kaltech Industries Group, were compounded by multiple failures of the government to inspect and monitor the business, and by what the investigators said were outdated New York City fire code provisions about chemical safety.
Ms. Kroes also warned Visa, another card company, it remained under investigation, and she said she would monitor the business practices of other payment card operators to ensure they also benefited retailers and consumers.
Under a headline that read, "Investors Rush to Beat Threat of Higher Taxes," the article quoted a chiropractor in McLean, Va., saying that she and her husband planned to monitor the business income from their joint practice to avoid crossing a threshold for higher taxes.
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It had nothing like the resources needed to monitor the businesses in which it was investing other people's savings, so it was flying half-blind.
"But we certainly will be monitoring the business, and can still bring charges under general F.T.C. regulations," Mr. Winston said.
Robert J. Gordon, a professor at Northwestern University who serves on the committee monitoring the business cycle at the National Bureau of Economic Research, is also skeptical that the stock market's plunge will knock consumers seriously off their stride.
The statement also said that the board "actively monitors the business needs of the company on an ongoing basis as well as in relation to the investigations involving Martha Stewart personally".
Even before Riverton's woes became public, tenants' groups were closely monitoring the business dealings of Laurence Gluck, the chairman of Stellar Management, which bought the complex with Rockpoint Group, a real estate fund.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com