Word: fairbankses
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For the past five years the revolution toward independent production has been spearheaded by United Artists, one of Hollywood's oldest motion picture distributing companies. United Artists was formed in 1919 to distribute the independent films of its four owners: Mary Pickford, Douglas Fairbanks, Charles Chaplin, D. W. Griffith...
The Bob Hope Show (Tues. 8 p.m., NBC). Guests: French Comedian Fernandel, Douglas Fairbanks Jr.
To Financier Leopold D. Silberstein, Fairbanks, Morse & Co. looked like a fine prospect for the type of proxy fight that won him Niles-Bement-Pond (TIME, July 25). One of the top makers of diesel locomotives, generators and pumps, Fairbanks, Morse earned $2,478,198 in 1954 on sales of...
Last week the Morse family split wide open. Director Charles H. Morse Sr., 82, agreed to sell his 42,220 shares of stock to Silberstein. Morse also resigned from the board because of his "unalterable opposition" to a proposed share-for-share exchange of Fairbanks, Morse unissued stock (130,000...
By adding Charles Morse's shares to the 100,000 shares already owned by his Penn-Texas Corp., Silberstein will boost his holdings to 12% of the 1,219,730 shares outstanding, and cut the Morse family-management holdings down to 27%. To get his own directors on the...