Business & Finance: Profitless Paramount

Left to the generosity of his employer was the sum which Joseph Patrick Kennedy was to receive for writing a report on Paramount Pictures (TIME, June 29). Last week it was learned that the sum would be $50,000, only one-third of the fee the onetime Securities & Exchange Commission chairman received for devising a recapitalization plan for Radio Corp. of America (TIME, Feb. 10). From the mephitic mystery that cloaked Mr. Kennedy's report ever since he handed it in early in June it looked as if Paramount had certainly got its money's worth.


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