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Leader of the Pack

Leader of the PackTufts graduate Harold W. (Terry) McGraw III —chairman, president and CEO of publishing powerhouse McGraw-Hill—was recently named chairman of Business Roundtable.

Medford/Somerville, Mass. [08.24.06] Harold W. (Terry) McGraw III, head of the highly profitable publishing corporation The McGraw-Hill Companies, was recently named chairman of Business Roundtable, an association of the nation’s most powerful business leaders. The 1972 Tufts graduate succeeds former Pfizer chairman Hank McKinnell, who led the group of 160 CEOs for three years.

"[McGraw] has been an aggressive proponent of strengthening the economy through trade and investment expansion around the world," Edward Rust, chairman and CEO of State Farm Insurance Companies and co-chairman of Business Roundtable, said in a statement.

According to Reuters, the members of Business Roundtable—an “influential” organization that focuses on the economic well-being of the country—lead companies that have more than $4.5 trillion in annual revenues and account for nearly a third of the U.S. stock market.

McGraw, who majored in political science at Tufts, has chaired Business Roundtable’s international trade and investment task force for the past three years, according to Reuters. In his new role, he “will lead an aggressive agenda aimed at continued growth of the U.S. economy.”

Among McGraw’s priorities as chairman, Reuters reported, are “new free trade agreements, corporate governance, competitiveness of U.S. students and workers, health care costs and ‘the energy crisis.’”

"Supporting public institutions that help shape the policies that have led to the country's economic success is critical," McGraw told Reuters. "As business leaders we need to speak with a strong voice, whether we are talking about the integration of global markets, development of the workforce or formulation of fiscal policy."

The 57-year-old joined McGraw-Hill—a company started by his great-grandfather—in 1980. McGraw rose through the ranks to become president in 1993, CEO in 1998 and chairman in 1999.

The parent company of several trade and educational publishing properties, including Standard & Poor's and BusinessWeek, McGraw-Hill has experienced solid growth under McGraw’s leadership, earning $6 billion in sales last year.

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