Entering the crowded city room, the first desk a visitor runs into is that of a crew-cut young man in shirtsleeves, who looks like a cub reporter fresh from journalism school. The young man is, in fact, William Pettus Hobby Jr., 28, who last week was named managing editor of the powerful Houston Post, which is owned and run by his parents, Texas' former Governor William P. Hobby, 82, the Post's ailing board chairman, and Oveta Culp Hobby, 55, first U.S. Secretary of Health, Education and Welfare, the Post's president and editor.
Bill Hobby...
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