Word: loews
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Ever since stubborn old 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...
...White Suit (at Loew's Strand Theatre in Back Bay through tonight). The semi-science-fiction classic from the Alec Guinness canon of comedy...
Edge of the City (at Loew's Lancaster Theatre near North Station through Saturday). The moving tale of an intelligent Negro who befriends a confused white youth--both in the grips of a racially bigoted foreman. One of the decade's best films, with flawless performances by Sidney Poitier, John Cassavetes and Jack Warden...
Died. Nils Thor ("N.T.G.") Granlund, 57, lanky girlie-show producer and one of America's first popular radio announcers (on Theaterman Marcus Loew's station WHN, opened in 1922) ; of injuries suffered in an auto accident; in Las Vegas...
...Arthur M. Loew, 59, stepped out as director and chairman of Loew's Inc., largest U.S. movie producer (Metro-Goldwyn-Mayer) and one of the largest theater chains, but will remain as president of Loew's International, the corporation's foreign subsidiary. By quitting before the annual stockholders' meeting Feb. 28, Loew, son of Founder Marcus Loew, hoped to head off a long-brewing proxy fight (TIME, Nov. 12) with a dissident group of stockholders led by Canadian Contractor Joseph Tomlinson, Loew's largest individual stockholder (250,000 shares). To appease the Tomlinson faction...