Friday, Apr. 27, 1962
Personal File
sbBecause it simultaneously acts as agent for most of Hollywood's top talent, is the nation's largest producer and distributor of TV films, and holds TV rights to Paramount's pre-1948 film library, MCA Inc. is uneasily known in the film capital as "The Octopus." Though MCA's elusive President Lew Wasserman, 49, has refused to admit it, show-biz savants have long suspected that the octopus would like to stretch its tentacles into movie production. Last week directors of New York's Decca Records, Inc. approved Wasserman's offer of MCA stock worth an estimated $50 for every share of Decca stock. The proposed merger, which has yet to be passed on by stockholders--or the Justice Department--seemed to confirm Hollywood's suspicions. Besides making phonograph records, Decca owns 88% of Universal Pictures Co., Inc.
sbThe ad in the Boston newspapers was eye-catching enough : illustrated by a drawing of Paul Revere and his horse caught in bumper-to-bumper auto traffic, it called for development of a modern rapid transit system to reduce the flow of cars into congested downtown Boston. But what really caught Boston's eye was the name of the man who paid for the ad: dynamic Robert M. Jenney, 43, whose 150-year-old Jenney Manufacturing Co. makes its money selling gasoline at 600 service stations throughout New England. Harvardman ('41) Jenney concedes that his appeal runs against his company's immediate self-interest, but argues that uncontrolled auto traffic will ultimately strangle Boston "and if the city doesn't do well, all business will suffer."
sbManagement has become an international commodity." says Sir Walter Puckey, 63, canny, Cornish-born head of Management Selection Ltd., Britain's oldest and la-gest executive recruiting agency. Accordingly, in partnership with Manhattan's Hoff, Canny, Bowen & Associates, Inc., Sir Walter has set up a global headhunting agency called Management Selection International. With Puckey as chairman, the organization will find local managers for U.S. firms operating overseas, also hopes to lure back to England British scientists who emigrated to the U.S. for higher pay. Already the new agency has pegged its first hole by finding an Englishman to work for an American firm in Africa.
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