Louis B. Mayer - MGM Boss

MGM Boss

As a studio boss, Louis B. Mayer built MGM into the most financially successful motion picture studio in the world and the only one to pay dividends throughout the Great Depression of the 1930s. Although he initially got along well with production chief Irving Thalberg, their relationship soon frayed over philosophical differences. Thalberg preferred literary works over the crowd-pleasers Mayer wanted. He ousted Thalberg as production chief in 1932 while Thalberg was recovering from a heart attack and replaced him with independent producers, e.g. David Selznick, until Thalberg's death in 1936, when Mayer became head of production as well as studio chief. He became the first person in American history to earn a million-dollar salary. For nine years from 1937, when he earned $1,300,000—equivalent to $21,016,667 today—Mayer was the highest-paid man in the United States.

Under Mayer, MGM produced many successful films with high earning stars, including Greta Garbo, Clark Gable, Spencer Tracy, Katharine Hepburn, Lon Chaney, Joan Crawford, Jean Harlow, Judy Garland and many others. Mayer was ruthless when negotiating to keep his actors' salaries low, even using blackmail to pay Gable below his worth, although Katharine Hepburn referred to him as a "nice man" and claimed she personally negotiated many of her contracts with Mayer. Elizabeth Taylor described Mayer as a monster, but other actors, such as Robert Taylor, Jane Powell, Greer Garson, and Hedy Lamarr, viewed him as a father figure.