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McGraw-Hill Companies, The

Self Description

November 2002: "The McGraw-Hill Companies is a global information services provider with benchmark information that leads and guides the markets it serves. The corporation's global growth strategy focuses on aligning its businesses with fast-growing markets in education, financial services adn inforamtion and media."

"In 1899, McGraw incorporated his publications under the heading of 'The McGraw Publishing Company;' in 1902, John Hill followed with 'The Hill Publishing Company.' 1909. The book departments of the two publishing companies merged to form the McGraw-Hill Book Company."

Third-Party Descriptions

February 2013: 'From September 2004 through October 2007, S.&P. "knowingly and with the intent to defraud, devised, participated in, and executed a scheme to defraud investors" in certain mortgage-related securities, according to the suit filed against the agency and its parent company, McGraw-Hill Companies. S.&P. also falsely represented that its ratings "were objective, independent, uninfluenced by any conflicts of interest," the suit said.'

July 2008: "McCoyd said publishers have begun offering less expensive paperback versions of some titles, and are themselves selling many legal electronic editions, or e-books, over the Internet. For instance, McGraw Hill Cos., a major textbook vendor, offers most of its titles in electronic form, at lower prices than printed editions. A McGraw Hill physics textbook that costs $135 in hardcover can be downloaded for $80 at the company's online retail store."

July 2008: "Attracted to 15% annual sales growth, big players such as Pearson PLC, McGraw-Hill Cos. and Macmillan are all making major pushes into the custom-book field. In part, that's because technology has made it cost-effective for customers to create specialized books for relatively few students. Proponents say students often complain that professors use only a few chapters of standard texts, whereas custom books can follow a course precisely."

June 2007: ...The McGraw-Hill Companies Inc.'s education unit enlisted Covington's help in taking down seven Russian Web sites that were selling scanned copies of hundreds of McGraw-Hill's books.


RoleNameTypeLast Updated
Owner of (partial or full, past or present) BusinessWeek Source
Owner of (partial or full, past or present) J.D. Power and Associates Organization Nov 7, 2006
Owner of (partial or full, past or present) Standard & Poor's (S&P) Organization Feb 8, 2005
Financial Supporter of (past or present) Cooperation (past or present) Organization Oct 20, 2006
Employee/Freelancer/Contractor (past or present) Amy Barrett Person
Employee/Freelancer/Contractor (past or present) Jane Black Person
Employee/Freelancer/Contractor (past or present) Amy Borrus Person
Employee/Freelancer/Contractor (past or present) John A. Byrne Person
Employee/Freelancer/Contractor (past or present) Nanette Byrnes Person
Employee/Freelancer/Contractor (past or present) John Cady Person
Employee/Freelancer/Contractor (past or present) John Carey Person
Employee/Freelancer/Contractor (past or present) Billy Cheng Person
Employee/Freelancer/Contractor (past or present) Michelle Conlin Person
Employee/Freelancer/Contractor (past or present) Mike France Person
Employee/Freelancer/Contractor (past or present) Jennifer Gill Person
Employee/Freelancer/Contractor (past or present) Louis Lavelle Person
Employee/Freelancer/Contractor (past or present) Ellen Licking Person
Organization Executive (past or present) John D. Negroponte Person Jan 13, 2006
Employee/Freelancer/Contractor (past or present) Alex Salkever Person
Employee/Freelancer/Contractor (past or present) Heather Timmons Person
Employee/Freelancer/Contractor (past or present) Marcia Vickers Person
Employee/Freelancer/Contractor (past or present) Eric Wahlgren Person
Employee/Freelancer/Contractor (past or present) Heesun Wee Person

Articles and Resources

290 Articles and Resources. Go to:  [Next 20]   [End]

Date Resource Read it at:
Feb 04, 2013 U.S. Accuses S. & P. of Fraud in Suit on Loan Bundles

QUOTE: The Justice Department filed civil fraud charges late on Monday against the nation's largest credit-ratings agency, Standard & Poor's, accusing the firm of inflating the ratings of mortgage investments and setting them up for a crash when the financial crisis struck....From September 2004 through October 2007, S.&P. "knowingly and with the intent to defraud, devised, participated in, and executed a scheme to defraud investors" in certain mortgage-related securities, according to the suit filed against the agency and its parent company, McGraw-Hill Companies. S.&P. also falsely represented that its ratings "were objective, independent, uninfluenced by any conflicts of interest," the suit said.

New York Times
Apr 19, 2012 CPI Conspiracy Theories Persist Even With Broad ChecksI

QUOTE: The [Bureau of Labor Statistics]’s price-gathering and statistical methods are standard practice from Japan to Switzerland. That hasn’t averted a lashing from critics who say the government is engaged in a campaign to hide inflation of 10 percent a year or more. Assurances by Federal Reserve policy makers that inflation remains “subdued” also haven’t deterred the skeptics.

Apr 17, 2012 How to Pay No Taxes: 10 Strategies Used by the Rich

QUOTE: For those who can afford a shrewd accountant or attorney, our era is rife with opportunities to avoid—or at least defer—tax bills, according to tax specialists and public records. It’s limited only by the boundaries of taste, creativity, and the ability to understand some very complex shelters.

Oct 01, 2009 America's High-Tech Sweatshops: U.S. companies may be contributing unwittingly to the exploitation of workers imported from India and elsewhere by tech-services outfits

QUOTE: While many [tech-service] outfits operate legally and provide high-quality talent, there is growing evidence that others violate U.S. laws and mistreat their recruits.

Aug 28, 2009 Design For Corruption--Why US Healthcare is Failing

QUOTE: The US has designed a corrupt political culture that undermines our meritocracy and makes a joke of the “public good.” Health care is the most glaring example.

Aug 07, 2009 Securing Government Money for Security

QUOTE: To get clients to the right people, Banks, 35, employs about 20 former defense and security honchos from federal agencies, as well as veterans of consulting firms and defense companies. Her team includes former FBI investigators, CIA operatives and analysts, Air Force and naval intelligence officers, and diplomats. Many still have their security clearances.

Aug 04, 2009 SEC Fines GE $50 Million for Accounting Misdeeds

QUOTE: Managers at GE's Transportation Systems pretended they had sold more than 100 locomotives that were actually running at idle on GE property in the December cold of 2002, the Securities & Exchange Commission charged on Aug. 4....The suit alleged that two sets of transactions were intentionally designed to defraud investors.

Aug 02, 2009 The FTC Takes On Targeted Web Ads

QUOTE: Now, Leibowitz wants to terminate—or at least rein in—a different practice he finds no less harmful to consumers: delivering ads to individuals based on the Web pages they visit and searches they carry out....How far he goes in regulating the practice could have big implications for a host of companies that depend on Web advertising and engage in some form of targeting.

Jul 31, 2009 iPhone Apps: What Makes Apple Say No? Recent app rejections, including Google Voice, have developers—and the FCC—asking Apple to clarify its criteria

QUOTE: Other programs are rejected because they duplicate (or potentially compete with) Apple's iPhone software. On July 31 the Federal Communications Commission sent a letter to Apple questioning its rejection of Google Voice, a telephony application. Many analysts believe the service was blocked because it could have snatched revenue from Apple's exclusive wireless service provider, AT&T (T), by providing cheap call rates over Google's (GOOG) lines. AT&T denies any involvement in the move. Among the FCC's questions: Why was Google Voice rejected? What are the standards for acceptance and rejection?

Jul 30, 2009 The Antitrust Cop and the Tech Industry: Christine Varney aims to reinvigorate antitrust policy without stifling U.S. business, but Google and Intel could be among her targets

QUOTE: Varney says her goal is to bring antitrust law back to its historical center, not simply to go after giants because of their size. "We are not anti-big in any way, shape, or form," says Varney, a former Federal Trade Commissioner who spent the past 12 years representing corporations as a partner at the Washington law firm Hogan & Hartson. "But with enormous success comes responsibility." Varney says the Justice Dept. will be taking a look at a range of industries including transportation and technology.

Jul 30, 2009 Hermitage Claims Russian Bankers May Have Helped With Fraud In a New York court filing, Hermitage alleges that executives of Moscow investment bank Renaissance Capital Holdings had prior knowledge of theft and tax fraud

QUOTE: Hermitage has alleged that it was the victim of Russian corporate raiders and corrupt government officials who cooperated to steal its assets, file bogus law suits, and reclaim $230 million in taxes previously paid by Hermitage to the Russian government. In its filing on July 28 Hermitage alleges publicly for the first time that executives of another prominent Moscow financial institution, investment bank Renaissance Capital Holdings, may have helped defraud Hermitage.

Jul 30, 2009 How Reliable Are Lobbyist Registration Data?

QUOTE: The Government Accountability Office audits a random sample of lobbyist filings, but federal law doesn't require lobbyists to actually document the lobbying they say they're doing. In April, the GAO sampled 2008 lobbyist filings and discovered that two thirds included details the filers couldn’t corroborate; for roughly a quarter of the filings, lobbyists couldn’t even establish which branch of government they had contacted for clients.

Jul 30, 2009 Health Care in Crisis: Better Ways to Beat Cancer?

QUOTE: The Klinik offers both conventional and alternative cancer therapies that are not sanctioned by the American medical establishment...The doctors asked that he return for a second series of treatments as soon as possible, once the infection had been cleared up. They also added that he had responded remarkably well and would probably survive....One would think that if we were truly serious about the war on cancer, there would have been a thorough investigation of the successful treatment he received. Instead, we received only silence from the very American oncologists who verified that Mike Ellis' cancer had gone into remission.

Jul 29, 2009 Health Care in Crisis: Patients Are Pushovers

QUOTE: Did the surgeon check the chart?....A key medical test: not given...."money machines:" for doctors....Is Most heart surgery unnecessary?

Jul 29, 2009 Resveratrol: The Hard Sell on Anti-Aging

QUOTE: But to Sinclair's chagrin, he was quickly turned into a pitchman by companies selling resveratrol supplements on the Internet....The doctor never uttered any of the words attributed to him. In fact, Sinclair is the first to admit that the whole resveratrol story has never been clear-cut. Although that name is on the label of red-grape extracts sold in health food stores everywhere, such resveratrol pills have never been proven effective in large-scale clinical trials.

Jul 28, 2009 Health Care in Crisis: Overmedicating America

QUOTE: But there was a discrepancy in Judi's spinal tap results: All the markers for MS came back negative. While there was one spot of demyelination on her spinal cord, the cause of that damage was not MS. Dr. Chen, Judi's neurologist, delivered the good news—but at the same time said she wanted Judi to start the treatment as if her tests had come back positive....The proposed treatment involved in this case could have amounted to a lifetime cost of more than $450,000—and this for a patient who in fact does not have the disease for which the treatment was prescribed.

Jul 27, 2009 Rioting Chinese Steel Workers Kill Boss Over Layoffs

QUOTE: Some 30,000 angry Chinese workers staged a riot at a steel factory in China that resulted in its boss getting beaten to death, underscoring just how quickly economic problems can stoke social unrest....China’s communist leaders are obsessed with keeping social unrest under control, but the frenetic pace of economic transformation in the country often sparks uprisings.

Jul 27, 2009 Health Care in Crisis: Needless Costs, Needless Deaths

QUOTE: Operating with Poor Odds for Comfort....Heart Operations: Most "Are at Best Unnecessary"....Cheaper Alternatives Can Work Better

Jul 26, 2009 Skilled Immigrants on Why They're Leaving the U.S.

QUOTE: But the issue is tricky when it comes to the most educated and skilled immigrants—people like Ganguly. When well-paid individuals leave the country, that cuts into already depleted tax revenues for state and local governments. The departure of top talent in technology and science may also undercut the prospects for a recovery in the U.S., many economists say. These immigrants often start companies and come up with technological breakthroughs, creating new job opportunities for all.

Jul 22, 2009 Even the Employed Lose with Hour and Wage Cuts

QUOTE: The average workweek for the month fell 0.1 hours, to 33 hours, the lowest ever recorded for data that go back to 1964. Average weekly earnings, meanwhile, actually fell to $611.49 in June, from $613.34 in May. Hourly earnings remained flat. Economists say the combination of reduced hours and pay, along with continued job losses, could significantly slow a recovery as even the employed lack the means to boost their spending.


290 Articles and Resources. Go to:  [Next 20]   [End]