Orbitz Worldwide, Inc. (NYSE:OWW) announced the appointment of Kenneth S. Esterow to its Board of Directors, became effective August 9, 2011. Ken joins the Orbitz board following the resignation of William J.G. Griffith, IV, who is leaving the Board to devote more time to his other professional responsibilities. Mr.

Gone are the days of buy-and-hold investing. Stock picking was the strategy for the past decade, and these 10 companies were the best performers in the S&P 500.

Intuitive Surgical
Stock picking trumped buy-and-hold over the past decade, reversing the reigning investment strategy that encouraged investors to pile into passively managed index funds.