The ‘Southern Lady’ Who Beat the Courthouse Crowd
In 1976, a little southern lady “dressed like a fairy princess”—as she later recounted the moment—stepped to the microphone at a shareholder meeting in Boston and lavishly praised the chair of W. R. Grace & Co. for his commitment to preserving her community. Rae Ely knew perfectly well this was a lie; W. R. Grace was planning to strip-mine for vermiculite in her bucolic Virginia town. In fact, the whole “southern lady” thing was a bit of a lie.