Later Years and Fall From Power
By 1948, due to the introduction of television and changing public tastes, MGM suffered a considerable dropoff in its success. The glory days of MGM as well as other studios were also over because of United States v. Paramount Pictures, Inc. (1948), a Supreme Court decision that severed the connection between film studios and the movie theater chains that showed their films (though it would be another six years before Loew's sold majority control of MGM).
Under orders to control costs and hire "a new Thalberg," Mayer hired writer and producer Dore Schary as production chief. Schary, who was 20 years Mayer's junior, preferred message pictures in contrast with Mayer's taste for "wholesome" films.
By 1951, MGM had gone three years without a major Academy Award, which provoked further conflict between Mayer and Schenck. Believing that Mayer could not turn the tide, Schenck fired Mayer from the post he had held for 27 years, replacing him with Schary. The firing reportedly came after Mayer called New York and issued an ultimatum--"It's him or me" (or "It's either me or Schary", depending on the source). Mayer tried to stage a boardroom coup but failed and largely retired from public life.
Read more about this topic: Louis B. Mayer
Famous quotes containing the words years, fall and/or power:
“We need not have the loftiest mind to understand that here is no lasting and real satisfaction, that our pleasures are only vanity, that our evils are infinite, and, lastly, that death, which threatens us every moment, must infallibly place us within a few years under the dreadful necessity of being forever either annihilated or unhappy.”
—Blaise Pascal (1623–1662)
“Anyone who is kind to man knows the fragmentariness of most men, and wants to arrange a society of power in which men fall naturally into a collective wholeness, since they cannot have an individual wholeness. In this collective wholeness they will be fulfilled. But if they make efforts at individual fulfilment, they must fail for they are by nature fragmentary.”
—D.H. (David Herbert)
“Immediately aware that power had gone forth from him, Jesus turned about in the crowd and said, “Who touched my clothes?””
—Bible: New Testament, Mark 5:30.