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Olympia J. Snowe
Corporate boards look to high-profile directors
Corporate boards look to high-profile directors

When T. Rowe Price Group looked to add a director to its board last month, the Baltimore money manager chose someone with widespread name recognition: former Sen. Olympia J. Snowe of Maine. Earlier this year, Price added another notable figure to its board: Freeman A. Hrabowski III, president of the University of Maryland, Baltimore County, whom Time magazine named last year as one of the 100 most influential people in the world. Price is by no means alone in appointing high-profile or so-called celebrity directors. Former Republican presidential candidate Mitt Romney rejoined the board of Bethesda-based Marriott International after his defeat in the November election. The board of...

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