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out the best in any CEO," Mr Redstone said. "I encourage them to compete." GettyMcGraw Hill: End of a family dynasty James H McGraw started McGraw Hill as a small publishing company in 1888. More than a century later, in 1993, his great grandson Harold "Terry" McGraw Hill became president of the company. There were initial doubts about Terry McGraw's ability to lead. According to a 2005 New York Times article, "many thought Mr McGraw was yet another heir who had lucked into a job he could not handle."The company's Standard Poor's ratings unit is the subject of a $5 billion federal lawsuit over its favourable ratings of complex securities whose collapse helped fuel the financial crisis. In 2009, McGraw was forced to sell the company's venerable business magazine, BusinessWeek, to Bloomberg LP for under $5 million.And two years ago, Terry McGraw gave in to investor pressure, announcing the company would be split in two, decoupling its less profitable education unit from its other holdings, including S and JD Power Associates. The next CEO for the company will be Douglas Peterson, President of Standard and Poor's Ratings Services, effective 1 November. GettyCorrection: An earlier version of this article stated that the company had not yet chosen its next CEO. The present version has been changed to reflect the new leadership. A confusing reference to "hard times" has also been removed.Letters from our readersThe following is a selection of recent letters sent to the World Socialist Web Site.On "Leon Trotsky, Soviet Historiography, and the Fate of Classical Marxism"There is also Rosa Luxemburg, she of the great perspectives and ugly handbags. She had it just about right regarding union bureaucrats and the "lefts" who betrayed world revolution. As clearly as Trotsky. More so, in that she was closer to the scene where world revolution should have happened. Since J. P. Nettl's great biography in the sixties, there is nary a word about her. The only thing funnier than the rhetoric and name calling by politicians is the rhetoric and name calling in the bourgeois press editorials. Bourgeois "democracy" in Canada is obviously at a crisis as the economy starts to unravel. It's