A New Chapter in the McCaw Saga: 11
In 1969, Craig O. McCaw, then a 19-year-old sophomore at Stanford University, found his father, J. Elroy McCaw, dead of a stroke in the family's Seattle mansion, the Highlands. Only after Elroy's death did Craig and the rest of the McCaw family discover that the radio and television tycoon had piled up a mountain of debt. Creditors quickly demanded repayment. The McCaws were forced to auction off many prized possessions, including the Highlands itself.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.