Sodom and Gomorrah : the story of Hollywood (1935)

Record Details:

Title:
Sodom and Gomorrah : the story of Hollywood
Date:
1935
Publisher:
Los Angeles : End Poverty League
Volume:
Sodom and Gomorrah : the story of Hollywood
Leaf #:
000219
Language:
English
Collection:
Books
Format:
Books
Contributor:
Media History Digital Library
Sponsor:
Media History Digital Library
Coordinator:
Media History Digital Library
Description:
Date Added:
August 22, 2024
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SODOM AND GOMORRAH 215 on which the afore-named officials, and some others, might justify their tremendous salaries would l>e their commercial services. After all, that is the thing of primary interest to the stockholders, who. in the last analysis, pay these incomparable salaries. If these executive* were successful in making money for the companies they serve, their stockholders would have no reason to complain. But when the officials oi a corporation draw salaries to the tune of several hundred thousands each, the shareholders have a right to expect tangible service. And that i:> exactly what they do not get from the executives of motion picture companies. Starting with Metro-Goldwyn-Mayer, probably the most solvent of any of the producing companies, let us see what its executives do in return for the vast wealth they draw in salaries. Its president, Nicholas Schenck, divides his time between managing the affairs of Loew's Incorporated (controlling Metro-Goldwyn-Mayer J and attending to his gambling resort at Agua Caliente. Pie has offices in Xew York City whence he watches the doings in the Culver Cit> piant. For this he is compensated $3000 weekly and given a bonus of 21/ ill Loew's profits. The vice-president of Loew's Incorporated, Arthur Loew. is also vice-president of MetroGoldwyn-Mayer and draws salary in both capacities. According to the Federal report of last