Word: beaunit
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Moviemaker Rogosin, the son of a wealthy textile manufacturer (Beaunit Mills), made Come Back, Africa (the title is a translation of an African National Congress slogan) mostly at his own expense, and the film altogether cost close to $70,000. He entered South Africa as a tourist, lived there for almost a year before he felt ready to roll his cameras. In April 1958 he applied for government permission to make "a musical travelogue." After two months of palaver with six suspicious federal bureaus, Rogosin got his permit. He dashed off his script in less than a week, then shot...
...technique is documentary. Producer Lionel Rogosin, a 33-year-old textile magnate who quit as president of Beaunit Mills to make this movie, shot every foot of it on the scummy sidewalks and in the smelly bars of the Bowery itself. The main character is a 42-year-old, self-admitted Bowery bum named Ray Salyer (who recently refused a $40,000 contract offered by a Hollywood producer with the comment: "I just want to be left alone . . . There's nothing else in life but the booze"). Since the picture was completed, two of the principal supporting players have...
Last week the directors got their wish, and fast-growing Beaunit Mills, Inc. got a bargain. Highest of four bidders, Beaunit paid OAP $17,111,126 for the Government's controlling interests (some 52% in North American and 45% in Bemberg). Beaunit would probably have had to pay more than three times as much to duplicate the plants at Elizabethton, Tenn...
Among the minority stockholders that will share the companies' future profits (profits last year: $5.7 million) is AKU, which still holds a minority interest. There were strings tied to Beaunit's deal: it may not turn the two companies' rayon yarn into any products made by Beaunit (last year Beaunit made a net profit of 14.4% on $41 million in sales). Also to protect present customers of North American and Bemberg, OAP insisted that the companies continue to supply the customers with yarn for the next five years...
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