Terry MacRae began Hornblower Cruises & Events in 1980 as a two-boat operation on San Francisco Bay. He and his wife, Mary, have built Hornblower into a 50-boat, $120 million company with 1,000 employees that serves about six million guests each year. The MacRaes made competitive bids for National Park Service concessions serving the popular icons Alcatraz on San Francisco Bay and Statue of Liberty National Monument and Ellis Island Immigration Museum in New York Harbor. Terry Macrae holds a BS degree in mechanical/environmental engineering from the California State Polytechnic University at San Luis Obispo.