Monday, Apr. 29, 1957

Executive Sweet

In a grey-walled Manhattan office last week, the president and majority stockholder (50.6%) of Marilyn Monroe Productions Inc., tightly surrounded by a grey cashmere sweater and four lawyers, called the stockholders' meeting to order. Opposite President Monroe sat M.M.P.'s vice president and minority stockholder (49-4%), sharp little Photographer Milton H. Greene. The agenda: President Monroe merely wished to elect a new board, and in the process to dump Vice President Greene. In 1954 Marilyn, lonely and self-exiled from Hollywood, was befriended by enterprising Promoter Greene. M.M.P.'s contract called for a pooling of their talents and earnings for a period of seven years.

Claiming that Greene has "mismanaged" her interests, Marilyn last week chose a new board. Intending to go on slaving for M.M.P., ex-V.P. Greene chirped: "My principal concern is that my investment is properly protected." Harrumphed President Monroe: "My company was not set up merely to parcel out 49.4% of all my earnings to Mr. Greene for seven years!"

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