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Gentleman & GiantLee Anderson’s70-year legacyInsiden A look back at LeeAnderson’s storied careern Anderson was an earlyvoice of constitutionalconservatismn Service a hallmark ofnewspaper publisher’s lifen Anderson’s friends andcolleagues reflect on hismany years of service inand out of the newsroom

I Sunday, April 15, 2012 In this undated photo, Lee Anderson kicks back in the Chattanooga News-Free Press office on 10th Street.Contributed photo

Sunday, April 15, 2012 I leeanderson‘Quintessential Boy Scout’early champion of Chattanooga— Dalton Roberts,former Hamilton CountyexecutiveBy Clint CooperStaff WriterIt may take a few years to get the ink out of his veins.On April 18, 70 years to the day after he began his job as a cubreporter at the Chattanooga News-Free Press, Lee StrattonAnderson ends his career at the Chattanooga Times Free Press.“When you think about the millions of thoughts and words Lee hasput to paper over seven decades,”said Jason Taylor, president andgeneral manager of the Times FreePress, “it is nothing short of amazing. It’s no doubt those words andhis dedication have helped shapeChattanooga for generations tocome.”Anderson, 86, who is associatepublisher of the newspaper and editor of the Free Press editorial page,was a reporter, editorial page editorand publisher of the ChattanoogaFree Press (formerly ChattanoogaNews-Free Press), the afternoondaily paper that merged with themorning Chattanooga Times to formthe Times Free Press in 1999.Walter E. Hussman Jr., chairman of the board of the newspaper,said the longtime newspapermanpossesses loyalty, dedication andpassion and referred to him as “aninspiration.”“Without all those qualities,”Hussman said, “no one would wantto work that long. All those perfectlydescribe Lee Anderson.”Anderson’s seven decades arethought to be one of the longestcareers in the industry, but a spokeswoman for Editor & Publisher, ajournal covering all aspects of thenewspaper industry, said the magaCover Photo by Dan Henry“Lee Andersonis a true lover ofChattanooga andevery Chattanooganof any political orreligiousleaningwhowantsto havea truefriendand is willing to lookpast differences andsee affinities. Thussaith one poor oldWatering TroughDemocrat who likesand appreciateshim.”zine keeps no such records.The journalism bug bit Anderson,a Kentucky native whose familymoved to Chattanooga when he was4, early in life.As a sixth-grader and havingalready managed a paper route, hestarted a newspaper at GlenwoodElementary School — “a purple,dim sort of thing” run off on a dittomachine — and later wrote editorials for the Maroon and White, hisnewspaper at Chattanooga HighSchool.At the age of 16, Anderson walkedinto the Chattanooga News-Free PressSee Anderson, Page 4“Mr. Anderson is oneof the nicest peopleyou will ever meet.A true Christianman. Encouraging.Humble. Concerned.Interested in you.I never regretted amoment of beinghere,workingfor him.Helovedcomingto work,whichmade me lovecoming to work.”— Linda Weaver, Lee’ssecretary for 32 years

I Sunday, April 15, 2012 “Lee is like Mr.Chattanooga. Leehas been involvedin everythingand through thepaper he’s let thatnewspaper lift upand give publicityand all thingsgood for so manyorganizations inChattanooga. He’sa distinguished BoyScout, which speaksto his character. Heis just a wonderful,wonderful man.”Jerry Adams,a co-founder of JosephDecosimo and Co.“In my 23 yearshere in the city, Idon’t know of anindividual — noteven a pastor —who has probablyimpacted thiscommunity with aspiritual presenceand message asmuch asLee Andersondoes inhis everydayliving, inhis service to thiscommunity throughthe newspaper but inhis faithful witness inhis own congregationat First Presbyterian.”— Dr. Bill Dudley,senior pastor of SignalMountain PresbyterianChurchAnderson Continued from Page 3to seek an after-school job.Editor W.G. Foster, he said,hired him because “I waswarm and 16.” Many of theother reporters, Andersonsaid, had been drafted or volunteered for military servicein World War II.The start of his careerwas held up several weeks,he said, because he was inthe school’s junior play. Theplay was ona Friday. Hes ta r te d o na Saturday,April 18,1942.Andersonsaid his studyhalls late inLeethe schoolAndersonday allowedhim to come to the paperabout 1 p.m. and work until 5p.m. Saturdays were devotedto writing feature stories.His first job was “to dorewrites and whatever needed to be done.” As additionalpeople left for the service, “Iwould have the beat of theone who left,” he said.Anderson, praised by colleagues at the time as an“eager beaver,” showed hisdrive in incidents such ashis 1943 effort to get aroundwartime restrictions of aerialphotography at the new StateGuard Armory. In order toget a photo, he persuadedthe Chattanooga Fire Department to allow him to climb— unsupported — a sevenstory fire engine ladder andtake the snap.A photograph of hisexploits on the ladder earnedhim a spot in Life magazineon Dec. 27, 1943.Anderson joined the U.S.Air Force on Feb. 15, 1944,and was due to get his pilot’swings in nine months. However, the war wound down,and he left the service as acadet in November 1945. Overthe years, he told friends hislack of combat experience— although he did rise to theNewspaper ArchivesThe front page of the Chattanooga News-Free Pressannounces the United States declared war on Japanthe day after Pearl Harbor was attacked. Andersonjoined the Air Force in February 1944.rank of major in the ArmyReserve — was one of hisbiggest disappointments.Returning to the paper,having already covered thepolice and business beats, hewas assigned to cover CityHall, the Hamilton CountyCourthouse and politics.Eventually, Anderson said,“I had covered every beat atone time or another.”He also was tapped tohelp editor Brainard Cooper,who was in ill health, writeopinion pieces.Anderson said there weredays when he would cometo the newspaper at 6 a.m.to write editorials, leave at9 a.m. to cover the HamiltonCounty Courthouse, makehis 1 p.m. deadline and takeclasses at the then-University of Chattanooga until 9:30p.m.“That’s when I was thebusiest boy you ever saw,”he said.Anderson said he appreciated the step-down in workwhen he graduated — inthree years — in 1948.“I feel like I’ve been semiretired ever since,” he said.Anderson, who had assisted Cooper in writing editorials for 10 years, was namededitor of the ChattanoogaFree Press on April 22, 1958.“QUINTESSENTIALBOY SCOUT”On June 10, 1950, Andersonmarried Betsy McDonald, thedaughter of News-Free PressPublisher Roy McDonald.However, he did not meether through her father buton a blind date because hehappened to have a car.A Sigma Chi buddy, hesaid, had a date but no car.He had a car — a new 1947Chevrolet convertible fromhis Air Force savings — butno date. His friend’s date wasMartha McDonald, whosesister was Betsy, in from college out of town.Anderson’s sense ofhumor and curiosity about“everything going on in theworld” captivated her, BetsyAnderson said. Even more,though, was the fact thathe respected his mother somuch, she said.“I admired that respect,”she said, “and I gleaned thatI was going to get some ofthat, too.”Betsy Anderson said manyof her dates with Tat — thenickname family and friendscall Anderson — were spentcovering political speakersand rallies in surroundingcounties. Even when he’dbeen threatened by a whitesupremacist and policemenspent the night on Anderson’s front lawn, she said, itdidn’t deter him from pickingher up.The couple honeymoonedon a cruise to Cuba, whereAnderson would have one ofhis most hair-raising adventures 12 years later.He was a part of group ofjournalists who had receivedinvitations in 1962 to accompany a Navy convoy to anexercise at Vieques Island,off Puerto Rico. While theconvoy was en route to theexercise, President John F.Kennedy informed the nationthe Soviet Union was building missile sites in Cuba, 90miles off the U.S. coast, andannounced the Navy wouldblock Soviet ships fromentering the area.A n d e r s o n ’ s c o nv o y,already in the Caribbean,was in place to form the firstships in the blockade. Beforelong, though, the journalists— in the midst of the country’s biggest story — werequickly whisked down theside of their ship, into a smallboat and taken to a destroyerescort, which motored themto Puerto Rico.Once he was off the escort,he ran for a telephone booth,called the newspaper andmade what he believes to bethe first news story to comeout of the blockade.The Andersons are parentsof two daughters, CorinneAdams and Stewart Anderson, both of Atlanta, and aregrandparents of two.In spite of his busy schedule through the years, Anderson always found time for hiswife and daughters, his family said.“The paper’s right upthere pretty high as for hisattention and efforts,” saidBetsy Anderson, but “familyis very, very, very importantto him.”The paper was so important, said Corinne Adams,that when he would get callsat home from people whodidn’t receive their copy, hewould return to the newspaper and deliver it himself.“It was a means of upholding his word,” she said.Adams said her fatherwas the “quintessential BoyScout” and taught her “everything about character.”He modeled integrity,respect and love for one’sfellow human beings, “evenwhen you don’t like them,”she said. “He never let us usethe word ‘hate.’ He saw Godand good in everything.”Adams said Andersonalways had a vision for thecity in which he was raisedand was willing to be aspokesman for it.“He’s so proud of being aChattanooga boy,” she said.“The geography is a part ofhis personal pride and story.It’s not a place to live; it’s partof his bones, like honoringhis father and mother.”Stewart Anderson saidher father has been “a terrific example” in how to leadher life, specifically citing hismorals, values and how hetreats other people.She said they also haveshared a variety of experiences, including staying up towatch election returns, riding an elephant, touring thethen-Soviet Union, canoeing Chickamauga Creek andsharing his first two-passenger flight upon his receivinghis pilot’s license.He’s shown her “not justSee ANDERSON, Page 5

Sunday, April 15, 2012 I “[Lee Anderson has]meant everything toChattanooga. He’sdone just abouteverything inChattanooga,headedup everyfundraiserthere is. I thoroughlyenjoy his newspapereditorials. . Hemeans the world toour community.”— Grady Williams,longtime accounting andcivic leaderContributed PhotoLee Anderson sits next to President Ronald Reagan at the White House.Anderson Continued from Page 4the glamorous,” StewartAnderson said, but also “theexciting cities in the news.He always made time forall of us. Nothing was moreimportant than family.”Her “humble” dad, shesaid, is “everything in mylife” and “is always going tobe with me.”CONSERVATIVEPIONEERBefore Barry Goldwaterand Ronald Reagan becamesynonymous with conservatism, Lee Anderson was writing principled conservativeeditorials.Half a century beforetoday’s Republican candi-dates used the term constitutional conservative, he wasusing it in his writings.“I’ve never been political,”Anderson said. “I’ve neverbeen partisan. I just grew upas a patriotic American.”His study of history, hisunderstanding of the principles of the U.S. Constitutionand his UC major in historyfurthered his thinking, and “Igrew into being a conservative,” he said.Anderson said when hewas a boy, Tennessee was aone-party state and “everybody was a Democrat.” Sowhen he cast his first vote forpresident in 1948, it was forStrom Thurmond, “a states’rights Democrat.”Th e n ews pa p e r h a dalways had a generally conservative editorial page,he said, so when he beganwriting editorials in the late1940s they reflected his conservative nature and generalphilosophy.Those tenets, Anderson said, came from being“brought up in Sunday schooland church,” from a “moralbackground” ingrained inhim by the Bible and by hismother, and in “doing theright thing.”When Anderson becamethe News-Free Press editor atthe age of 31, he said, “I wasreputed to be the youngestconservative in the neighborhood [of Southern editors].”Over the years, he metpresidents from Harry S.Truman to George W. Bush,covered four national political conventions, State ofthe Union addresses andlunched in the White Housewith President Reagan several times.For his writings, Andersonwon more than two dozennational Freedoms Foundation awards as well as honorsfrom the likes of the Chattanooga Bar Association, theTennessee Law EnforcementOfficers Association, the Tennessee American Legion, theChattanooga Sertoma Cluband the Daughters of theAmerican Revolution.However, he said, “beingeditor and publisher of theChattanooga Free Press andtrying to serve the peopleof Chattanooga by givingthem the news, giving them[opinions from a] principled,conservative, constitutionalbackground and serving thepublic in public information”have meant the most in hiscareer.“It was all very impressive because I appreciate theUnited States of America, Iappreciate our Constitution,I appreciate our great country,” Anderson said. “And soit’s been a real pleasure to beinvolved in the history of thecountry and know some ofthe leaders along the way.”NEWSPAPER WARSAnderson was just overthree weeks into his jobwhen his first experiencein Chattanooga’s newspaperrivalry occurred, an incidentthat would portend eventsfor nearly the next 60 years.In 1942, with The Chattanooga Times losing moneyand the News-Free Pressbarely in the black, he said,the newspapers drew up a10-year working agreementthat was expected to extendthe duration of the war.Newspapers, accordingto Anderson, “couldn’t getSee ANDERSON, Page 6“Lee Anderson is therock of Chattanooga.He provides somuch informationand so much supportto the Chattanoogacommunity. He hasjust beensomeoneI havegrown upwith, andlearnedto knowand lovein the community.”— Sue Culpepper, citypresident of SunTrustBank in Chattanooga

I Sunday, April 15, 2012 “[Lee Anderson]meant a great dealas the editor of theFree Press, I thinkhe’s meant a greatdeal as president ofChattanooga RotaryClub. I think he’smade a wonderfulcontribution aschairman of theannualUnitedWayDrive,and ofcoursetheKiwanis Clubhonored him withtheir Citizen ofthe Year award. DistinguishedService Award. SoI think he’s meanta lot to all of thecommunity.”— John P. Guerry, formerCEO of First FederalSavings and Loan“He has beena leader inChattanooga mostlyin Christian waysbut working forthe United Way,leading our Sundayschool class, whichI attended for about40 years. He’s afriend of anythingthat concernsChattanooga. Heloves this area.”— Gerry Stephens,retired executive withAmerican National Bankand SunTrust BankLee Anderson, front row on far left, attends a news conference at the White House with President George H.W. Bush.Anderson Continued from Page 5lead [for type], couldn’t getmanpower. A good manywere making joint operatingagreements.”Eventually, he said, thatagreement was extended,with revenue split evenlybetween the newspapers.But, by the early 1960s, TheTimes was spending moremoney and the News-FreePress was bringing in moremoney, he said.“It was an inequitablesituation,” Anderson said, soNews-Free Press Publisher“Roy McDonald decided thebest thing to do would be toseparate the two papers andgo to it competitively.”The afternoon newspapergave notice for dissolutionof the operating agreementin 1964, and the newspapersseparated in August 1966.The decision, he said, wasfraught with peril becausethe Times had the financial resources of The NewYork Times behind it andthe News-Free Press did nothave other backing.“They said it couldn’t bedone,” Anderson said.The situation got financially worse for the NewsFree Press when the Timesbegan to publish an afternoon paper, the ChattanoogaPost.“We were able to get ournose barely above water,”Anderson said, comparingthe newspaper to terrapins ina pond he observed as child.“That’s what the Free Pressdid. It barely survived.”Then, one day, he said, herecalled a snoozer of a history course at ChattanoogaHigh in which his teacher“droned on” about the Sherman Antitrust Act.“The deal was,” Andersonsaid, “you could compete aslong as you didn’t cut yourprices below your actualcost.” The Times, he said,was “losing money, and theywere competing with theFree Press at a loss.”In due course, heapproached McDonald; then,with McDonald, he talked tothe company lawyer and ultimately to the United StatesJustice Department in Washington, D.C.When the assistant attorney general referenced a caseAnderson had researchedat the Chattanooga PublicLibrary, “I knew . we’d wonthe case,” Anderson said.On Feb. 24, 1970, in a consent decree, the Times wasordered to stop violating theSherman Antitrust Act, andthe News-Free Press wasallowed to sue for damages.The News-Free Press suedfor 10.5 million, and TheTimes filed a suit of its ownfor 21 million.In late 1971, as the suitwas about to go to trial, asettlement was announced,with the Times agreeing topay the News-Free Press 2.5 million. The newspaperreceived a cashier’s check forthe amount on Dec. 10, 1971.Less than two monthsafter the settlement, on Jan.24, 1972, Anderson said, thetypographical union thatserved both papers made adecision to strike only theNews-Free Press “becausethey thought we were morevulnerable economically.”Anticipating the walkout, the afternoon newspaper had quickly cross-trainedemployees and switched toa computerized “cold type”system instead of the leadbased “hot type” systemon which union membersworked.“There were many violentincidents,” Anderson wroteof the strike in a 50th-yearhistory of the newspaper in1986. “Acid was thrown oncars of those who continued to work. Some employees were threatened andattacked. Many pounds ofroofing nails were thrownContributed Photoon newspaper parking lotseach night. Thousands ofmetal balls were lofted byslingshots onto parking areasduring the before-daylighthours, breaking countlessautomobile windshields.”The newspaper, whichadvertised for new employees and received some 2,000applications, survived andthrived. The union, according to the 50th-year history,spent more than 2 millionon the strike. Pickets finallydisappeared in 1977.In 1980, Anderson said,Times management cameto News-Free Press management and requested a newjoint operating agreement.Unwilling to return to theinequitable split, McDonald offered an agreement inwhich the News-Free Pressreceived 80 percent of theprofits and the Times 20percent. The Times management agreed to it.The agreement remainedSee Anderson, Page 7

Sunday, April 15, 2012 I Anderson“I think Lee hasbeen our communityhistorian. He knowshistory all the wayback to Biblicaltimes. He certainlyis a scholar aboutthe CivilWar andI havereadmany,manyof hiseditorials where hehas continued toeducate us about ourvery own history righthere in Chattanooga,Tennessee.” Continued from Page 6intact until first the FreePress and then the Timeswere purchased in 1998 byWEHCO Media of LittleRock, Ark., Hussman’s company.“No one can articulate thestoried past of this newspaper better than Lee,” saidTaylor. “His eyes light up ashe details the historic battlebetween the two dailies. It’sin those moments, especially,that you realize you’re standing next to a giant.”Paul Smith, presidentof the Arkansas DemocratGazette, another paperowned by Hussman, said theretiring editor is an “interesting combination.”“He’s obviously very passionate about the newspaperbusiness,” he sad. “He’s veryaggressive. I know he wasvery aggressive during thenewspaper competition herewith the Times. But he’s areal gentleman. A lot of timesif you see people who areaggressive, they’re not toocordial, sometimes. But he is,and I like that about Lee.”“STILL KICKING”Anderson, who routinelyarrived at the Free Pressbefore 5 a.m. and at the TimesFree Press between 6 a.m.and 7 a.m., has neverthelesscultivated an active lifestyleoutside the newspaper.Telling his wife “I hadan itch that hadn’t beenscratched,” he fulfilled hisAir Force desire and becamea pilot, often flying photographers over news sites, buildings and road construction toobtain shots the competitorsdidn’t have. In time, he flewcraft ranging from gliders toballoons, once took the controls of an F-16 Air Force jet,and, as a passenger, madeaircraft carrier landings andtakeoffs in an F-14 jet.“That was very rewardingto me,” Anderson said, hislack of wartime flying havingbeen somewhat mitigated.Lee Anderson discusses the issues of the day in his office.He also taught a Bibleclass at First PresbyterianChurch, where he is an elder,for more than four decades.“That was a real challengebecause there were a lot ofpeople [in it] who knew a lotabout the Bible,” Andersonsaid of the class that grewfrom five couples to morethan 400. “So I really had tostudy to do that.”Hamilton County CourtClerk Bill Knowles said he’dvisited the class and vouchedfor the teacher’s soundness.“[Lee] is a historian, aBible scholar and a great promoter of God and country,”he said. “He is a person ofsterling character and possesses a friendly personality.He loves Chattanooga andour history. His journalisticskills will be missed by ourcommunity.”Over the years, Anderson was fortunate enough totravel to many of the placeshe taught about in Sundayschool and mentioned innews stories, having climbedthe Great Wall of China andthe Cheops Pyramid. In addition, he has skied in Colorado; tried bullfighting in Mex-ico; attended a belly dancein Turkey; toured India, Iranand the-then Soviet Union;and explored depths of 800feet in a Navy submarine.He, his wife, childrenand grandchildren alsomade three-generation tripsto Egypt and the Greekislands.In addition, Anderson, anEagle Scout at 13, has beenan author (he’s written twobooks), an architect (hedesigned two houses in whichhis family lived on Missionary Ridge), a competitivetennis player, a car lover (hedrives around Chattanoogain his signature Corvette)and a businessman (havingbeen involved in a number ofsuccessful ventures).One of those, Confederama (now the Battles forChattanooga Museum), forwhich his wife once said shepainted 5,000 tiny tin soldiers, remains open todayon Lookout Mountain.Smith said the editor’svaried life has lengthenedhis career.“It’s a rarity,” he said,“because most people don’thave the commitment to dothat, but I think Lee balancedhis life pretty well. He wasreal active. Probably if hehadn’t been active away fromthe newspaper, he wouldn’thave been able to last for 70years.”Anderson ends his careerat the newspaper with thesame sunny dispositionwith which he greeted visitors and politicians of allstripes.“I love Chattanooga,” hesaid. “I have been here sinceI was 4 years old, and to bea part of Chattanooga and apart of its civic life and to beable to report on the newsand the activities of Chattanooga for 70 years has beena real blessing for me, a realsatisfaction. I’ve workedpretty hard at it [and] I haveenjoyed it.“It has been rewardingsince the day I got the job.There have been happierdays and harder days, butI’ve enjoyed all of them [and]I’m still kicking.”Pat Butler, president andchief executive officer of theAssociation of Public Television Stations board of trustees, longtime news execu-Contributed Phototive and a former News-FreePress staff writer, said he’llnever forget that Andersongave him his first opportunity in journalism, providedencouragement along theway and supplied him withfirst-rate professional principles to live by.“The ethos of being careful to get the story right,being fair and civil, andalways thinking of the interests of our readers was created and nourished by [him],”he said, “and that was a greatgift to our staff and our community.”Taylor said the community, in turn, is better becauseof Anderson’s presence.“Lee’s personal and professional commitment tothis community serves asan inspiration to us all,” hesaid. “He was championingfor a better Chattanooga longbefore it was the buzz-worthy thing to do.”Contact Clint Cooper atccooper@timesfreepress.comor 423-757-6497.— Sally Robinson,city councilwoman“I’m a dangerousperson to ask onthis because I am alot more liberal thanLee Anderson. Hehas been a force— such a force —that sometimes I’veregrettedhispower.OthertimesI havebeengrateful for hisinspiration and hisstability. So I’m oftwo minds. I am inawe of that record.He has just beenChattanooga. .He’s been SoutheastTennessee.”— Dr. Spencer McCallie,retired headmasterof McCallie School

I Sunday, April 15, 2012 “Lee Anderson’scontributionto journalisticexcellence isunsurpassed.Incredible that hecan ing communityleadership. He’s oneof a kind!”— Joe Decosimo,co-founder of JosephDecosimo and Co.“Lee Anderson is ajournalism institutionin this region. Fordecades, readersof the ChattanoogaFree Press andmore recently theChattanooga TimesFree Press haveturned daily to Lee’seditorialsforinsightandopinion.As heretires,Lee Andersonleaves behind animpressive legacy ofcommunity serviceand deep love forthis nation.”— Jim Coppinger,Hamilton County mayorSeventy years in the newsDec. 15, 1925highlighting area battles in the CivilWar, off Cummings Highway inLookout Valley. Now known as the“Battles for Chattanooga Museum,”it’s located on Lookout Mountain.Born in Trenton, Ky.19301958Moved to Chattanooga.Named editor of ChattanoogaNews-Free Press.19311957Made first contribution toCommunity Chest, later UnitedWay, as a first-grader.Named to serve on the U.S. CivilWar Centennial Commission.19421963As a high school junior, got anafter-school job at the ChattanoogaNews Free Press, covering thepolice beat.Won Tennessee AmericanLegion’s Andrew Jackson Awardfor supporting “with words andactions the ideals of God andcountry, Americanism, strongnational defense and vigorous lawenforcement.”1943Graduated Chattanooga HighSchool and entered the Universityof Chattanooga. Volunteered for theAir Force aviation cadet program at17, spent 21 months on active duty.Feb. 21, 1964Nominated for president of theChattanooga Downtown Rotary Club.AfterWorld War IIReturned to work at the newspaperand to college at the Universityof Chattanooga, where he wasthe first president of SigmaChi, president of Blue Key andthe Interfraternity Council, andchairman of the Honor CouncilIndoctrination Committee.1946Began covering politics and thestate Legislature.1948Graduated from the Universityof Chattanooga. Began writingMay 3, 1968Presented first-ever Liberty BellAward of the Chattanooga BarAssociation.July 22, 1969Contributed PhotoLee Anderson cuts a cake with his wife, Elizabeth “Betsy” WilliamsMcDonald, at their wedding in 1950.editorials and was named associateeditor.1950Married Elizabeth “Betsy” WilliamsMcDonald, daughter of NewsFree Press owner Roy McDonald.They have two children: CorinneElizabeth Anderson and MaryStewart Anderson.1957With Pendell Myers, foundedConfederama, a tourist attractionRe-elected chairman of theChattanooga-Hamilton Countychapter of the American Red Cross.Announced plans for new chapterhouse at 801 McCallie Ave. at acost of 30,000.Aug. 1, 1969Chosen to lead Group III of theUnited Fund Campaign for theGreater Chattanooga Area.See TIMELINE, Page 9

Sunday, April 15, 2012 I “Lee Anderson’s beencalled a great manythings by a greatmany people, not allof whom have beencomplimentary. That’spart of the deal whenyou put your opinionsin printfor thebetter partof sevendecades.One thinghe couldnever becalled,though, is a vacillator.Having set his courselong ago, he has yet towaver and that’s a rarething, indeed.”— Bob Gary Jr., a formerTimes Free Press stafferwho is now editor with theTennessee Valley PublicPower Association.Contributed PhotoLee Anderson and his wife, Betsy, stand outside their house while it is still under construction in 1950.Timeline Continued from Page 8Feb. 13, 1970Presented with Sertoma Club’sFreedom Award. The speakernoted Anderson has made “morethan 2,000 speeches throughoutthe nation on Christian, political,historical and other timely subjects.”Aug. 14, 1971Chosen to lead large firms divisionof the United Fund Campaign forthe Greater Chattanooga Area.Sept. 2, 1973Chosen to lead Group III of theUnited Fund Campaign for theGreater Chattanooga Area.law enforcement, and the SertomaFreedom Award.1980He and wife, Betsy, are amongrecipients of the FamilyFoundation’s first “In God WeTrust” awards. He also receivedBecame Chairman of the 24th annual the Arthur G. Vieth MemorialGreater Chattanooga Area UnitedAward of the Greater ChattanoogaWay campaign, with 3,500 volunteers Area Chamber of Commercefor “outstanding contributions inaiming to raise 4.3 million.advancing the understanding of theAmerican free enterprise system.”Feb. 18, 19791979Presented the Tennessee LawEnforcement Officers Associationaward for support of professional1983Appointed by Gov. Lamar Alexanderto the Tennessee Industrialand Agricultural DevelopmentCommission. He served until 19871984Awarded the national Daughtersof the American RevolutionMedal of Honor for “leadership,trustworthiness, service andpatriotism.”1985Served as chairman of the AmericanLung Association Christmas Sealcampaign in Chattanooga.See TIMELINE, Page 10“I had been at thepaper for about sixmonths when BetsyAnderson, Lee’swife, came into thenewsroom. As I walkedby her and Lee, shestopped me and said,‘Rink Murray! You aremy favorite reporter,because you usesmall words and shortsentences.’ Lee lookedat her with amazement.‘Betsy,’ he proclaimed,‘I tell all my reporters touse small words andshort sentences.’ Thiswas true. I learned thisindirectly when I firstgot to the paper andI called one of Lee’seditors and asked,‘How do you spellodious?’ The editorsaid, ‘B-A-D’ and hungup on me.”— Dr. Rink Murray, whoserved from 1991 to 1993as a reporter and is now aphysician in Chattanooga

10 I Sunday, April 15, 2012 Timeline“While craftingsophisticatededitorials on globalissues, Lee neverforgot that allnews is local. Hissuccessful

tor of the Free Press editorial page, was a reporter, editorial page editor and publisher of the Chattanooga Free Press (formerly Chattanooga News-Free Press), the afternoon daily paper that merged with the morning Chattanooga Times to form the Times Free Press in 1999. Walter E. Hussman Jr., chair-man of the board of the newspaper,

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Are Executive Stock Option Exercises Driven by Private Information? By David Aboody daboody@anderson.ucla.edu John Hughes jhughes@anderson.ucla.edu Jing Liu jiliu@anderson.ucla.edu and Wei Su wsu@anderson.ucla.edu 110 Westwood Plaza, Suite D403 Anderson School of Management University of California, Los Angeles Los Angeles, CA 90095