Word: loews
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...typical plan is that of Loew's Inc., which controls M.G.M. Fortnight ago, Loew's made eye-catching news with an announcement that all its top executives would voluntarily take huge pay reductions. M.G.M.'s Louis B. Mayer, who has been the highest paid executive...
Money Talks Louis B. Mayer, M.G. Monarch just separated from his wife after 40 years of marriage, was separated from $560,000 of his proposed $1,060,000 salary for 1944 (his million-plus last year made him the U.S.'s highest-salaried swivel chairman). Loew's Inc., which signs M.G.M. pay checks, proposed the money-saving, as part of a program to provide a retirement plan for M.G.M.'s 4,300 workers (including William Powell, Clark Gable, Wallace Beery and Spencer Tracy, whose annual pensions would be $49,700 each...
Last night, after much ado in the Boston papers, "Lassie Come Home" arrived at the Loew's State and Orpheum theatres. Surprising as it may seem after reading the rather insipid advertisements, the picture is one of the finest to come out of MGM in recent years. It ranks, as the ads have said, with "Random Harvest" and "Mrs. Miniver." But, instead of the case being "great books make great pictures," it is a situation where the acting of a collie has made an overly-sentimental book into a really touching picture...
...last week issued its regular report on corporate salaries above $75,000 a year, reporters accustomed to writing the yearly story about the lush pay of Hollywood stars blinked and looked again. No. 1 on the list was no surprise: as usual, it was the Majmifico of the Movies, Loew's and M.G.M.'s cold-eyed Louis Burt Mayer. But No. 2 was a brand-new name: Carl Gustave Swebilius, head of a New Haven, Conn, engineering outfit called Dixwell Corp., and of two subsidiaries aptly named High Standard Manufacturing Co. and High Standard Manufacturing Corp...
Willie prattled on. He told the Court how he worked a big Hollywood deal: "I told Nicholas Schenck [president of Loew's, Inc.] to get together with other producers and get a couple of millions together. Schenck threw up his hands in the air and raved. I told him if he didn't get the others together we would close every theater in the country." The major studios eventually settled for $50,000 a year, the minor studios for $25,000 for the privilege of doing business...