Corporations: New Star at Paramount

For almost a year, the biggest drama at Paramount Pictures Corp. has taken place in the front office rather than the back lot. Charging that Paramount's longtime management had about as much vitality as a silent movie, Baldwin-Montrose Chemical Co. Chairman Herbert J. Siegel and Broadway Producer Ernest H. Martin (How to Succeed in Business Without Really Trying) teamed up in a try to take over the company. They bought 143,100 shares, about 9% of Paramount stock, got two seats on the eleven-man board, promised a proxy fight for full control. Last...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!