Word: schencks
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Family Affair. Some insurgent stockholders are also fueling their campaign with charges of excessive salaries and nepotism indulged in by M-G-M brass. Says New York Judge Louis Goldstein, who says he represents more than 200,000 shares: "In 1955, Nicholas Schenck, then Loew's president, received $171,786 in salary and nontravel expenses; Charles Moscowitz, vice president and treasurer, received $156,429; Schary...
Judge Louis Goldstein also asserts that Schenck and Moscowitz farmed out to companies partially owned by their relatives Loew's Theater candy concessions (1954 sales: $3,589,423), plus all Loew's business for advertising and publicity ($4,026,000 in 1954), carpets and furniture ($325,000), posters...
Zanuck's departure from 20th Century-Fox, the studio he founded (with veteran Moviemaker Joseph M. Schenck) in 1933, stirred memories of his role in helping to guide Hollywood through adolescence. In the '20s at Warner Bros., Zanuck made so much money for the studio with his silent Rin-Tin-Tin series that Warner decided to shoot a barrel of profits on a daring experiment: The Jazz Singer (produced by Zanuck), which starred Al Jolson and ended silent films with a spoken line ("You ain't heard nothing yet, folks!"). Always keen to sense a popular trend...
...Nicholas M. Schenck, 72, last cinemogul to head a major film company continuously from the silent movies to CinemaScope, stepped from president and chief executive officer to board chairman of Loew's Inc. (Metro-Goldwyn-Mayer Studios, Manhattan radio station WMGM, M-G-M records, etc.). Loew's new boss: Arthur Marcus Loew, 58, whose father founded the original theater chain (which by U.S. court order is now a separate company) and merged three fledgling moviemakers into MGM. Arthur Loew attended Alexander Hamilton Institute and New York University ('18), enlisted in the Navy in World...
Just as serious was the short brush with respectability the game had in 1871, when the U.S. Minister to Great Britain, Robert Schenck, got a little something going at Queen Victoria's estate in Somersetshire. Her Majesty happened by and took a hand. She was delighted and asked Schenck to draw up some rules. He obliged and added that "it is good practice to chaff (talk nonsense) with a view to misleading your opponents." This brazen encouragement of coffee-housing caused U.S. poker purists to demand his recall...