|
Inception and Growth of McGraw-Hill
McGraw-Hillwas formed by the joint efforts of JamesH.McGraw(James) and JohnA.Hill (John). Jameswas a teacher
and was working in publishing sector. In 1888, he purchased the American Journal of RailwayAppliances. In 1899, he
incorporated “The McGraw Publishing Company” which undertook technical and trade publications. John, who was
working as the editor of AmericanMachinist and Locomotive Engineer, formed “The Hill Publishing Company”, dealing in
technical and trade publications, in 1902. Because of mutual interest in science and technology, they merged the book
department of their respective companies in 1909 to form “McGraw-Hill Book Company” in which John became the
President and James,Vice-President.However, the other divisions of the two companies continued their separate operations.
Gradually, the company expanded its portfolio of trademagazines...
Reign of Harold McGraw III
In 1998, Joseph retired and Terry, who was the president and the COOof the company, took over as the CEO. Terry
is an MBAfromWharton School of the University of Pennsylvania and a BAfromTufts University. He has been with the
company since 1980 when he joined in as the pension fund manager following the defence against takeover bid by
American Express. Prior to that, Terry was working with GTE Corporation15 in the pension department. At McGraw-Hill,
Terry, has held a number of offices like Publisher,AviationWeek & Space Technology, president,McGraw-Hill Publications
Company and president,McGraw-Hill Financial Services Company...
Strategic Business Unit
The Financial Services division of the company has the leading brand S&P, which is one of the world’s leading
providers of independent credit ratings, indexes, risk evaluation and risk management, investment research, portfolio
advice, investor education, corporate valuation and other analytical services. It has become an integral part of the global
financial structure. For the year ended December 2004, S&P alone was responsible for 65%of the company’s operating
profit...
|
|
