As a publisher, Eleanor Medill Patterson knew how to employ the carrot as well as the stick. In benign moments she used to tell top hands on her Washington Times-Herald that when she died, the paper would go to them. Last week, in her will, she made good on her promise. The Times-Herald, valued at around $7,000,000, was left to seven faithful executives. Overnight each of the seven became a millionaire. Her estate will even pay the inheritance taxes. The lucky seven: ΒΆ Editor-in-Chief Frank C. Waldrop, 42, who never crossed the boss,...
To continue reading:
or
Log-In
