Word: goldwynism
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Dates: during 1950-1959
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Died. Louis B. (for Burt) Mayer, 72, one of the founders of Metro-Goldwyn-Mayer; of leukemia; in Los Angeles (see CINEMA...
...added theaters to his chain, Russian-born L. B. Mayer soon ran out of his kind of films. In 1918 he opened a studio to supply his own demands. Six years later, prodded by Theater Owner Marcus Loew, he merged his two companies with Producer Sam Goldwyn's studios to form Metro-Goldwyn-Mayer. The ex-junkman confidently made himself production chief. With Irving Thalberg, his brilliant assistant (and the model for F. Scott Fitzgerald's The Last Tycoon), Mayer set about remaking the motion-picture industry...
...angriest running battle for control of a major U.S. movie company reached a climax last week. At a special stockholders' meeting, the management of Hollywood's infirm old lion, Loew's Inc., owners of Metro-Goldwyn-Mayer studios, outvoted the forces of Millionaire Canadian Contractor Joseph Tomlinson, Loew's biggest (5%) and unhappiest stockholder. By 3,449,446 ballots to 519,435, shareholders gave President Joseph R. Vogel a solid grip on his board of directors by increasing its membership from 13 to 19. Then they voted in nine management nominees to fill ten empty seats...
...father" as having more advantages than disadvantages, California Congressman James Roosevelt, 49, F.D.R.'s eldest, wrote in Esquire that though he inherited his father's enemies and was condemned to living his private life largely in the public eye, "I'm willing to concede [Sam] Goldwyn never would have hired me at $25,000 a year [as a vice president...
...Nicholas ("The General") Schenck was eased aside as boss of Loew's Inc. in 1955, the world's biggest moviemaker has teetered on the brink of open corporate warfare (TIME, Nov. 12, 1956). The prize: control of Loew's $220.6 million in assets, including Metro-Goldwyn-Mayer studios. Last week the battle was joined, and the cannonading could be heard from Manhattan to Hollywood. President Joseph R. Vogel, Loew's third boss in two years, called a special stockholders' meeting for Sept. 12, charged that a dissident group on Loew's 13-man board...