Word: rko
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Dates: during 1950-1959
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...latest blowup followed a directors' meeting which Grant had called to fill RKO board vacancies. Grant had two nominees, who he thought would restore some confidence in the company: Lionel Corp.'s President Lawrence Cowen and Robert Butler, a St. Paul construction engineer and former U.S. Ambassador to Australia and Cuba. But when Grant named his men, Directors Sherrill Corwin and Edward Burke Jr., both members of the Stolkin group, turned thumbs down. When they failed to name any substitutes of their own, Grant resigned. Said he: "My hands are manacled...
...only the beginning of a busy day for RKO. In New York three small stockholders filed suit demanding that a temporary receiver be appointed for the company "to prevent it from becoming insolvent." Almost simultaneously, they filed another suit against Howard Hughes, asking an accounting of "his stewardship [and] all damages caused by his mismanagement, neglect and reckless disregard of his duties" when he was boss of the big moviemaker...
Looking anxiously around for a way out of their troubles, RKO's owners were canvassing the field in search of someone willing to take the company off their hands. They got some encouragement. Matthew Fox, who made a fortune in movies before he got into such varied fields as toys (Bub-O-Loon) and international trade (TIME, July 19, 1948), was trying to make a deal. At week's end, Atlas Corp.'s President Floyd Odium, who sold RKO to Howard Hughes in the first place, also got into the act. He said he was looking into...
Meanwhile, RKO's stock, which was at 4-⅝ only two months ago when the Stolkin group took control, was down to 3⅜. In Hollywood, at least, there was some activity on the RKO lot. Though the studio had no executive producer, it was starting production of Split Second, a melodrama, the first to get under way in seven months...
Montana Belle (RKO Radio) casts Jane Russell as the infamous lady bandit Belle Starr, "who can ride and shoot like a man." When men are not falling dead in front of Belle's six-shooters, they are swooning at her feet. She is pursued by Outlaw Bob Dalton (Scott Brady), a lesser outlaw named Mac (Forrest Tucker) and a suave professional gambler (George Brent). Belle so inflames these various characters that they get to uttering such phrases to each other as: "No man takes a woman away from me and lives." During all this, Belle, dressed in tight black...