We use Optical Character Recognition (OCR) during our scanning and processing workflow to make the content of each page searchable. You can view the automatically generated text below as well as copy and paste individual pieces of text to quote in your own work.
Text recognition is never 100% accurate. Many parts of the scanned page may not be reflected in the OCR text output, including: images, page layout, certain fonts or handwriting.
UNITED ARTISTS CONPORATION PEESIDENT’S AEPORT ~ JANUARY 4, 1%
On July Lith, 1950, a special stockholders' mecting was held at 9200 P.M. at 1143 Sumit Drive, Beverly Millis, California, at whieh mesting the stockholders were present:
Gary Pickford representing The Pickford Corporation
Cyarles Chanlin representing hivself.
At that eseting s mew Board of Directors was elecped as follows:
CO. B. Gooding Frank L. MNcKanee Clinton La Tourette Lois A. Watt Paul ¥. BeButt Elisabeth Levis Max G. Eravets Jom O'Halvany Ileabdalle Yann
Also at that meoting Paul V. Mcfiutt was named Chairman of the Board of Directors, Frank L. Nclanzese, President, and Bax 3. Kravets, Seeretary of ihe (mited Artists Corporetion. ‘
a> Sxecutive Committee was constituted comprised of Mesars. Nciutt,
BeRamee and Kravets, tact for the Board of Directors between Board Meetings on
@atters whieh require the sttantion of the Board.
é Mr. MeButt and Ir. Melamee met im Hew York at the Home Oftice of United Artists Corporation, 729 Seventh Avemue, on Friday, July Lith; called on Er. Sears, who at that time was in the hospital; and also spent considerable time with Fr.
Pant Lazarus, Jr., ant other executives of Unitec artiete Gerporetion. —~~
the stockholders. ‘This report showed an operating deficit of $266,454.20 as of Fuly lst, 1950.
Mo working canital has been ot inte the company since the date of that report; therefore it is obvious that the deficit of working eapital has continued to imerease. The amount of working capital now nsedei is discussed later in this report.
FROPET amd JOSS SPORT
During the firet seven months ending July 29th, 1950, the Onited artists Corporation lost $454,000. ‘This is at the rate of $65,000 per month. Ses report
Under the new t in the next four sonths ending December and, 1950, the compamy lost_a total of pOOO. This is at the rate of $15,000 a month less, aa contrasted with $65,000 per month less for the previous months of the year.
The total loss at the end of eleven months ending December 2nd, 1950, was $514,000, as per report attached.
.-—