Sodom and Gomorrah : the story of Hollywood (1935)

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224 SODOM AND GOMORRAH retention by the studio as a writer? No wonder a New York agent told one of his clients who could neither write, act, sing, nor speak decent English that his place by all means was in Hollywood. It would not be such a misfortune if all the relatives were relegated to the property department, for one person can carry a chair about as well as another. But in those departments where special talent is required, it is both poor and costly business to fill them with incompetents merely because Cousin Joe or Aunt Fanny want jobs with fat salaries. This clan institution is expensive to stockholders in particular, and unfair to the public in general. But the stockholders in film companies are used to taking sound thrashings. Those of Paramount, for instance, have never known anything else. Reorganizing the company has become an obsession with the executives of this outfit. (As this book goes to press they have just reorganized again.) And after each reorganization the shareholders are worse off than before. No wonder everytime there is rumor of an impending shakeup in the concern the stock drops off. The following paragraph will give a brief insight into the company's financial history. Between the years 1927 and 1930 the then Paramount Publix Corporation (formerly the Paramount Famous Players Lasky) issued bonds