Various Authors 4:06 p.m., July 26
Could McGrory Have Given More?
Jack McGrory, former City Manager and executive of Price Group and PriceSmart, has given $1.2 million to the Campaign for San Diego State University. That is a generous donation. Could he have given more? I don't know.
At one point, a McGrory trust had 12% of Price Group, the investment vehicle controlled by the late Sol Price. McGrory withdrew from Price Group and the retailer PriceSmart in July of 2009. He was awarded 974,315 shares of PriceSmart. They were worth $15.3 million then. If he held on to them, they are worth around $72 million now, as PriceSmart stock has soared. And McGrory has other assets. In any case, $1.2 million is still a pretty good chunk of change.