BOOHER NAMED CHAIRMAN OF MCGRAW-HILL BOOKS

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP88-01350R000200020006-6
• Release Decision: RIFPUB
• Original Classification: K
• Document Page Count: 1
• Document Creation Date: December 16, 2016
• Document Release Date: November 9, 2004
• Sequence Number: 6
• Publication Date: October 18, 1968
• Content Type: NSPR

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Approved For Release 2005/01/13: CIA-RDP88-01TRC@6~M0&2p00-1~-~~s,t,~?
Booh r' Na ed Ch W
airmah of McGiawHi11 Books
0
By HARRY GILROY
Edward E. Booher, president
of McGraw-Hill Book Company
since .1960, became chairman
of the concern yesterday and
Harold W. McGraw Jr., execu-
tive vice president, succeeded
him as president.
Shelton Fisher; president of McGraw-Hill, Inc., of which the
.book company is a division, said
the changes were designed to
strengthen management of the
rapidly growing company. He
added:
"The past decade has seen
the book company quadruple its
volume, and its prospects for
future growth are promising
indeed."
. The McGraw-Hill Book Com-
pany, one of the largest gen-
eral and educational publishing
companies in the country, had
an income of $139-million last
year and anticipates $160-mil-
iion this year. It is the biggest
division of McGraw-Hill, Inc.,
whose revenue from magazines,
newspapers and information
services as well as books 'to-
taled $328-million last year.
Both Mr. Booher and Mr.
McGraw indicated that other
executive promotions were in
prospect. Mr. Booker said,
"There will be other moving
along in the next years."
Booker's Responsibilities
In his new position, Mr.
Booker, who is 57 years old,
continues -as the book com-
pany's chief executive officer
and chairman of the editorial
and executive committees. He
will also direct the interna-
tional end of the business."
sir., McGraw, 50 years old,
will he the chief operating offi-
cer and run its American busi-
ness. A grandson of James H.
McGraw, who was one of the
founders of the organization,
Harold McGraw aecames the
first member of this family to Lion 'from . Antidch.: College, in
Edward.E. Boo her
be the book company's chief 1936, began as a college-book
operating officer. salesman, held sales and edi-
The book company was torial positions in the college
founded in 1909, when James and technical education depart-
McGraw and John Hill, com- ments, became vice, president
peteting publishers of technical in 1944 and executive viceimaterials produced by the pub-
magazines, decided to set up a president in 1954. After becom-lishing company, he 'said: "I
books that occasionally re-ding president, he, was elected see an increasing need to get
work. They continued to com-
pete in the magazine field'.
"The story around here," Mr.
cGraw said yesterday, "is that
the two men discussed which
one would have his name first
on the joint book company and
which one would be president.
Someone flipped a quarter. We
won, so it became the McGraw-
Hill Book Conipany and Mr.
Hill' became the, president.
Later, when Mr. Hill died,
James Mc.raw.bought the Hill
magazine business.,,
Mr. Booher, vyho joined Mc
Graw-Hill shortl after gradua-
Inc. example, in-service teacher
He is president of the A,;;cr- ainmg.'
ican Book Publishers Council
and Chairman of Franklin Book'
Programs, the nonprofit organi-
zation that helps less developed
countries establish their own 1'45cr ep IC PI-0 t^4 0tv
book industries. He is a past
president of the American Text-
book Publishers Institute: .
1, One of the purposes of tl;e
executive changes is to give to
Mr. Booher more time for plan
ning. He commented yesterday'
that McGraw-Hill had put ..to-'
gether "a fairly complete. and'
cohesive . ' group of. enterprises'
which' >Pretty.:well. .cover:.; the
needs of education as far as
publishing is concerned."
He said he hoped to have
more time "to make these parts
work together better,"? adding,
"Quite a few giants that col-
lect enterprises end up with a
bushel basket of parts which'
they are not able to relate."
He said: "We haven't been
able to do it perfectly, but I
really do think we know what
we are doing. This company
is made up of publishers,' not
specialists out of other indus-
tries. I think that with this
talent we can make the whole
of the company bigger than
the sum of the parts."
Mr. McGraw, a 1940 Prince-
ton graduate and ex-captain of
the Air Force, started as a
trade-book salesman in the.
company 22 years ago. He said
yesterday that he sees "one of;
my big jobs to be the personal
development in younger pub-i .
lishers here of a professional
pride in making publishing al
catalyst in this changing period!
Emphasizing the continuing
importance' in education of
books and other instructional
Approved For Release 2005/01/13 : CIA-RDP88-01350R000200020006-6