Monday, May. 18, 1953
Battle of the 20th Century
In his fight to keep control of 20th Century-Fox Film Corp. (TIME, April 13), President Spyros Skouras last week easily bested Proxy Fighter Charles Green, who wanted to oust Skouras. At a special meeting in Wilmington, Del. to decide on voting rules, Fox stockholders voted almost 4 to i for a management proposal to eliminate cumulative voting for directors.* Green's defeat means that he now has no real chance of putting his men on the Fox board at the regular meeting next week.
* A method of casting ballots, previously used by Fox stockholders, by which a stockholder, who is entitled to one vote for each director, may cast all his votes for one man.
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