THE BAY AREA, ITS PROSPECTS AND ITS PROBLEMS - 11 - Guiding the development of an area is a problem in managements not so different in principle than the problem that one faces in directing a business. Sound management demands: First, clearly defined objectives and programs. Seconds, a sound organizational structure that provides the mechanism to analyse, to plan, to decide, and to execute programs necessary to accomplish the desired objectives. Third, money or credit sufficient to finance the cost of carrying out the program. Finally, managerial talent - the right men in the right place. The problem that I would like to pose to you today is whether we have solved our area management problems? I for one, very much doubt it. I offer for your judgment this appraisal of where we stand today. First, we have almost no thoroughly defined objectives or programs that have been designed to promote the Bay Area as a whole. We are relying entirely on, the hope that, if each community solves its own problems, the sum of the solutions will add up to the right answer for the Bay Area. If this turned out to be true, it would be the greatest accident in history. Let me document my point briefly. Does it make sense for San Mateo County to depend upon San Francisco to solve its water problems, to build and bear the financing cost of another pipeline to provide water for residents that will live outside of its city limits? Does, it make sense for the San Francisco International Airport and the Oakland Municipal Airport to each go their own way and to have Marin County working on trying to establish airport facilities of their own? Can San Francisco in its own selfish interest safely unload on its neighbors the burden of providing schools for the families that all live outside of