Word: sarnoffs
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...radio frequencies. In 1949, there were 160,000 radio transmitters of all kinds operating in the U.S. Now there are more than 6,000,000, and the number will doubtless continue to rise. In the not too distant future, the entire world may become what RCA President Robert W. Sarnoff recently described as a huge "electronic whispering gallery...
Both hope that they are headed for the movies. Julie has started and quit three acting schools ("With all these weird people and the dirty language, I am getting a headache!"). Karen is studying with Speech Coach Dorothy Sarnoff to get rid of her accent. "I'm nadda girl from The Bronx anymore," she says. While their futures promise neither the disasters nor the distinction of a Garland or Piaf, Wyman and Budd are mostly fighting the comparison with Streisand. Of course, as Julie says, "that's better than being compared with, say, Sadie Glick...
Married. Franklin D. Roosevelt Jr., 55, son of the former President, onetime Under Secretary of Commerce, and now U.S. distributor of Jaguar cars; and Felicia Warburg Sarnoff, 42, heiress to the banking fortune, former wife of the board chairman and president of RCA; he for the third time, she for the second; in a civil ceremony in Manhattan...
More Positives. Wall Street has denied Sarnoff high marks for the St. Regis deal for the simple reason that the paper company has not been growing as fast as RCA has. A stodgily managed firm in a cyclical industry, St. Regis earned $30.3 million last year, a 22% decline from the year before, but has managed to improve profits slightly so far in 1968. Although RCA stock dropped sharply following the merger announcement, Sarnoff insisted that "it's an excellent deal. The positives far outnumber the negatives...
...keyed Sarnoff is a curious mixture of the modern and the conservative. The president's office in Manhattan's RCA building is adorned with abstract sculptures by Giacometti and De Rivera, and its occupant takes particular pride in the company's futuristic new logo, which is emblazoned in 24-ft.-high letters near the top of the 70-floor building. Yet Sarnoff seems to be playing the merger game, a favorite pastime of new-breed executives, with an eye more for posterity than for the present. He dismisses St. Regis' problems as the result...