"Fall from Grace" (Cover Story, May 29) paints a grossly incomplete picture of J. Peter Grace.

Yes, in fighting for the survival of the company founded by his grandfather, Peter Grace had to scramble for the right mix of businesses to propel W.R. Grace into its second 150 years. But all the businesses that Wall Street fell in love with under J.P. Bolduc's recent restructuring were built by the CEO who provided visionary and entrepreneurial leadership for five decades.

Frederick E. Bona

Former Vice-President

Corporate Communications

W.R. Grace & Co.

Boonton Township, N.J.

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