Bing Crosby paid $300,000 in year for movie work
Crooner draws another $100,000 from records; radio earnings unreported; Bob Hope’s film salary hits $294,166 in Paramount Pictures list
Philadelphia (UP) –
Crooner Bing Crosby received $300,000 from Paramount Pictures, Inc., in 1941, which, with his previously reported $100,640 earnings from Decca Records, made him Hollywood’s highest paid actor last year, Securities and Exchange Commission reported today.
The singer’s radio earnings have not yet been reported.
Bob Hope, Crosby’s zany partner in Paramount’s Road to… etc. pictures earned $294,166, the reports showed, while Fred MacMurray, another of the company’s top-flight performers, received $299,333.
Bing No. 2 in filmdom
The reports, which deal only with the salaries of employees of companies listed on the stock exchanges, broad this Trail into the select first 10 group with Crosby top only by L. B. Mayer, managing director of Lowe’s, ink, who earned $704,426.
Paramount also listed payment of bonuses to three officers, they were George G. de Salva ($69,945), Martin J. Mullin ($32,412) and Samuel Pinanski ($32,412).
Through a stock purchasing plan, Juan T. Trippe, president and general manager of Pan American Airways Corp., bought 50,000 shares of the corporation’s capital stock at $12.50 per share. Market price of the stock at that time was $16.44 per share. Mr. Trippe was not listed as receiving a salary, but the stock preposition could have netted nearly $200,000.
Grant official gets $120,000
Pan American Airways Corp.’s report also showed that Evan E. Young, vice president of Pan American, Inc., a subsidiary, received a salary of $23,650, and $4,576 under the stock purchasing plan. Harold M. Bixby, another vice president of Pan American, Inc., received an identical salary with a $3,881 income from the stock purchase plan, while another vice president, George L. Rihl, got a salary of $21,000 and $4,852 through a stock plan.
Other high salaries include:
W. T. Grant Co.:
- Raymond H. Fogler, president, $120,000;
- Edward Staley, director of merchandising, $41,600.
Mr. Fogler’s salary included a bonus of $60,000.
Signal Oil and Gas Co.:
S. R. Mosher, president, $98,296. The figure includes a bonus of $43,721.
Bankers Securities Corp.:
- Albert M. Greenfield, chairman, $89,290;
- George H. Johnson, president of Lit Brothers store, $54,000;
- Walter T. Grosseup, president of bankers, $43,420.
Rail heads well-paid
Central Ohio Steel Products, Inc.:
G. L. Stiefel, president, $78,799. The figure is double Mr. Stiefel’s 1940 earnings – $31,499.
Chesapeake and Ohio Railway:
G. F. Brooks, president, $77,940.
Meier and Frank Co., Inc.:
R. R. Adams, vice president, $85,000.
Interstate Department Stores, Inc.:
Reagan P. Connally, president, $75,882, which includes a bonus of $45,882.
G. Krueger Brewing Co.:
- Harry Gitlin, sales representative, $81,687
- William C. Krueger, president, $28,750.
Eagle-Picher Lead Co.:
George W. Potter, vice president, $67,833.
Pfeiffer Brewing Co.:
Alfred Epstein, president, $62,000. In 1940, the figure was $48,000.
Illinois Central Railroad:
J. L. Beven, president, $60,000.
National Bond and Investment Co.:
Harry Weiss, officer, $67,541, including a bonus of $50,000.
Northern Pacific Railway:
C. E. Denney, president, $60,220.
International Telephone and Telegraph Co.:
Sosthenes Behn, president, $59,960.
Follansbee head gets $35,000
H. L Green Co., Inc.:
H. D. Kittinger, vice president, $60,539.
Basic Refactories, Inc.:
H. P. Eells, Jr., president, $55,916. In 1940, the figure read $18,000.
Missouri Pacific Railroad:
L. W. Baldwin, chief executive officer, $53,140.
Bedding Hemingway Co.:
J. P. T. Armstrong, president, $51,908.
Chicago, Burlington and Quincy Railroad:
Ralph Budd, president, $50,000.
Scullin Steel Co.:
- Harry Scullin, president, $47,541;
- George L. L. Davis, vice president, $33,958;
In 1940, Mr. Scullin made $19,999 and Mr. Davis made $18,000.
Follansbee Steel Corp.:
W. T. Brownscombe, president, $35,000. In 1940, the earnings were $25,000.