Word: schenck
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President Nicholas M. Schenck (1943 pay: $512,391), Vice Presidents Sam Katz ($370,139) and Edgar J. Mannix, along with five other executives who in addition to their salaries, shared Loew's profits, would level off at $200,000 each. The cash saved ($1,450,000) would go into a pension fund for Loew's 4,300 eligible employes, including Stars Spencer Tracy and Clark Gable...
Later he will get back the net cut and then some, if taxes have been substantially reduced. Regardless of tax rates, Mayer and Schenck will actually net less...
...Nick Schenck kept his mouth shut for six years about this alleged extortion, cheating the Government and the stockholders by deliberately falsifying the record. . . . The film companies paid money to these men, yes. But it was bribery and not extortion...
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...
...Shows of Yesteryear. Between 1907 and 1927 the Follies had just about everybody: Mae Murray, Ina Claire, Nora Bayes, Ed Wynn, Ann Pennington, Marion Davies, Marilyn Miller, George White, Leon Errol, Raymond Hitchcock, the Dolly Sisters, Van & Schenck, Moran & Mack. Among the Follies song writers were Victor Herbert, Jerome Kern, Rudolf Friml, Irving Berlin. In one edition or another, Fanny Brice choked throats with My Man, Gilda Gray upped blood pressures with her shimmy, Bill Fields played his ludicrous game of pool, Gallagher & Shean hurled countrywide their most famous song...