When you click a chart title to select it, a bounding box with four resizing handles appears. At least they look like resizing handles; actually, they are not. You do not have explicit control to resize the title. It feels like you should be able to stretch the title horizontally or vertically, as if it was a text box, but you cannot. The only real control you have to make a text
box taller is by inserting carriage returns in the title, but you can only type carriage returns when you are in Text Edit mode.
Resizing a Chart Title in Excel 2007
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