SHOW BUSINESS: Blowup at RKO

With another swish of the revolving door, RKO last week lost its two remaining top officers and was left with a board of directors of only two members. Just three weeks ago, Chairman Arnold Grant forced the resignations of President Ralph Stolkin and one director who had been in & out of trouble for their punchboard and other activities (TIME, Oct. 27) before they bought control of RKO from Howard Hughes. Last week Chairman Grant, who had been hired at $2,000 a week by the new owners to run the company, turned...

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