9% Gets You 35%

Loew's Inc., No. 1 movie producer in the U.S., put on a better-than-average financial show last year: its net earnings went up to $12,133,000, 9% above 1941. But the SEC last week revealed that the really supercolossal act of 1942 was put on by Loew's tycoon, Louis Burt Mayer. Mr. Mayer, the highest paid executive in the U.S. (for the sixth consecutive year), scooped up $949,766 in salary and bonus. That figure was 35% above his 1941 earnings, came within 5% of equaling the total increase in Loew's earnings for the entire year.

Whatever happens to Loew's, Louis Mayer will probably work more for love than money the rest of this year. Unless Congress overrules the President's $25,000 salary limitation, his gross take cannot be much over $67,000. Based on his 1942 record, that amounts to about four weeks' work for Tycoon Mayer.

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