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...

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