A New Chapter in the McCaw Saga: 11

Craig McCaw's prized possession, XO Communications, may soon file for bankruptcy -- and the founder could lose billions

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.

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