CHAPTER 5

The Widow Takes the Helm

Katharine Graham and The Washington Post Company

Establishing and maintaining an unconventional [approach] requires . . . frequently appearing downright imprudent in the eyes of conventional wisdom.

—David Swensen, Chief Investment Officer, Yale University Endowment

Katharine Graham’s path to becoming chairman and CEO of The Washington Post Company was highly unusual. The daughter of prominent financier (and Washington Post owner) Eugene Meyer, she grew up in a privileged milieu of servants, boarding schools, country houses, and international travel. In 1940, she married Philip Graham, a brilliant Harvard-trained lawyer and protégé of Supreme Court justice Felix Frankfurter. Graham was tapped by Meyer in 1946 ...

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