Word: krim
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Dates: during 1950-1959
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...Enlisted as a cavalry private, he was wounded, later sent to Saint-Cyr, France's West Point. Returned to the trenches with a Moroccan regiment, won his first Croix de Guerre (he now has three, embellished with 17 palms). Fought against the Riffian tribes of Abd el Krim in Morocco in the 1920s, stayed on as a native-affairs officer. Speaks Arabic and the Berber dialects fluently...
...wildest summer. I came back first class with a lady tennis player from Santa Barbara just to study the decadent bourgeoisie. I engaged in a Dada manifestation and helped put on a Stravinski ballet. I interviewed Abd-el-Krim in Morocco and wrote a play called Shall Be the Human Race but there's nothing worth seeing in Europe except the Ballet Russe and the révolution mondiale...
When United Artists finally came to him in February of 1951, Krim drove a hard bargain. His terms: he would pay no money for control of the company (though Mary Pickford said it was worth $5,400,000); if the company should show a profit in any one of the next three years, Krim's control would be extended up to ten years, and half the stock would go to him and Law Partner Robert Benjamin...
...company on its feet, Krim got a $3,750,000 loan from Walter E. Heller & Co., a Chicago factoring house, and 4,000 shares of U.A. stock, which he used to lure a crack management team from other studios. He also began buying up all the movies available (e.g., Eagle Lion's library of 200 films, including The Red Shoes), and guaranteed exhibitors 36 pictures a year...
Hard Cash. Within ten months the company was turning a profit. Krim and Benjamin thus got half the stock, and Krim the right to vote 100% of the stock until 1961. Last year, through such moneymakers as The African Queen and High Noon, United Artists' profits climbed fast. Last week pictures distributed by United Artists got 17 nominations for Academy Awards. United Artists is also a front runner in the three-dimensional race, having bought Arch Oboler's B'wana Devil for $1,750,000. The picture has already grossed about $1,000,000 in only...