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 #:
000220
Language:
English
Collection:
Books
Format:
Books
Contributor:
Media History Digital Library
Sponsor:
Media History Digital Library
Coordinator:
Media History Digital Library
Description:
Date Added:
March 28, 2024
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216 SODOM AND GOMORRAH spring (1934) Mr. Loew is the highest paid executive in the country. The gentleman devotes most of his time to travel. Well, that is something. Travel is supposed to be broadening — but hardly to the extent of hundreds of thousands of dollars annually. Mr. Louis B. Mayer, the aristocrat worshipper, is vice-president of Metro-Goldwyn-Mayer and is in charge of production at Culver City. His modest compensation has never been accurately determined, the bonus system being essentially a secret one. However, according to a reliable source, (this figure being given in "Plain Talk Magazine" for November, 1933, and in "Real America" for January, 1934) he succeeded in 1932 in relieving the treasury of his company of about $800,000 in salary and bonuses ! Considering that 1932 was the hardest year of the depression, that is not a poor record — for Mr. Mayer. Incidentally, it was Mr. Mayer who said in one of his many speeches that a poor man should be tolerant of the rich man and not throw stones at the latter's Packard. If anybody were to throw stones, it would probably be some irate stockholder, for Loew's Incorporated suddenly and without warning cut its dividend rate from $4 to $1. But is it any wonder? The company is paying fortunes, real fortunes, in annual salaries to a president and at least five vice-presidents (Loew,