Management: Back to Work?

It took nearly two weeks to count and untangle the votes in the spirited proxy fight for control of Metro-Goldwyn-Mayer. When the results were finally ready last week, Chief Stockholder Philip Levin, the man who wanted to take over, wound up the loser. President Robert O'Brien's management team received 58% of the stockholders' votes, a victory margin of 690,000. Mindful that the internecine battle had occupied MGM for months (TIME, March 3), the new board of directors (with Levin no longer a member) promptly re-elected O'Brien, who allowed that it was high time the company "got back to work."

But Levin,...