Word: spitz
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from earlier days. Mr. Odium put in as RKO's president Lawyer Leo Spitz of Chicago, who had been counsel for the old Lubliner & Trinz theatre chain there, later with Balaban & Katz and finally with Paramount. Radio's Sarnoff resigned as chairman of RKO and NBC's Aylesworth was moved upstairs. RKO finished 1935 with $684,733, its first profit since...
Chapter 7- Last week, a year after Lawyer Spitz stepped in, Atlas Corp. & friends presented a reorganization plan for unhappy RKO. Chief features: 1) corporate simplification of RKO subsidiaries; 2) sale of new common stock to provide $1,600,000 fresh capital; 3) exchange of $11,600,000 in 6% debentures for new 5½% debentures plus stock; 4) acceptance by Rockefeller Center of 500,000 shares of new stock in settlement of claims for $9,150,000 for unpaid rent on offices, the Center Theatre and huge Music Hall's reduction of outstanding common stock by one-half...
...high jump Bob Hall will probably be outjumped by the time the field has gone far beyond the six-foot mark. He will have to meet such acknowledged champions as Al Threadgill, Spitz, and Johnson, all of whom are good for a six-six jump nearly any evening. A fourth classy jumper is Osborne, who was a champion in years gone by and who can still get quite a way from the ground...
...resigning were cinemaddicts. Mr. Aylesworth attributed his resignation to press of work as chairman of Radio-Keith-Orpheum. Last year Floyd Bostwick Odium's Atla: Corp. and Lehman Bros, bought working control of RKO from RCA (TIME, Oct 21), soon followed this step by installing dapper Leo Spitz as RKO president (TIME Nov. 18). At the same time, RKO's President Aylesworth became RKO's Chairman Aylesworth, and RKO's Chairman David Sarnoff moved out. Observer thought that these moves indicated banking rather than radio influence in RKO affairs, were surprised last week that Mr. Aylesworth...
...Hall, Crimson high jumper, tied for second place in his event with the bar at 6 feet, two inches, while Spitz took first...