Word: skourases
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Even in Hollywood, the glittering new green & gold Cadillac of a young man named Nick Spanos caused pedestrians to stare. But the real eye-stopper was the photostat of a check which Spanos proudly showed friends as he drove about. The amount: $1,333,605.22. Lawyer Spanos, 33, had collected...
Movie Houses. The old management had frowned on selling Pepsi in vending machines; under Steele, 42,000 were add ed in 1951 alone. As a vice president at Coca-Cola, Steele had pushed Coke in movie houses. Now, he persuaded some of his old friends such as National Theaters Corp...
Speaking to 20th Century-Fox stockholders in New York, President Spyros P. Skouras laid it on the line. He was asking the company's 130 highest-paid personnel to take heavy salary cuts (up to 50%). Big reason for the cuts: a drop of almost $1,000,000 in...
According to Skouras' plan, employees will be cut 25% on the part of their salaries between $500 and $1,000 a week, 35% between $1,000 and $2,000, a full 50% on everything over $2,000. The total slice for Production Boss Darryl Zanuck, who had agreed in...
Skouras placed much of the blame for his "adjustments" on "this new great medium, television." There were plenty of recent facts & figures to support his stand. Items: