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Frank StantonFrank Stanton
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shareholders meeting, I didn't quite know what was expected. Now, you have to remember that this was in a period before stockholders meeting became big events and the crazies attended, and so forth. In fact, the shareholders meeting was held in the board room. The board room would seat about twelve people. I discovered when I got there that somebody had removed the board table. Maybe fifteen chairs had been put in the room and a table was at the end of the room, where presumably the chairman would sit.

I was standing there talking to a few of the board members who were planning to attend the meeting, when the general consul came over to me and said, “Are you all set?” I said, “Sure, I'm set. Why?” He said, “You know you're going to be chairman of the meeting.” I pulled myself up and I said, “What do you mean?” He said, “Mr. Paley isn't going to be here.” I said, “Well, gee, I thought that was the chairman's job.” He said, “Didn't he talk with you about it.” I said, “No, I had had no conversation with him about it.” He said, “The script is written with you chairing the meeting.” So I said, “Let me see what it says.” It was a very brief and perfunctory kind of thing that took place at a stockholders meeting -- in those days. I went to the head table and called the meeting to order and tried to conduct myself as I though a chairman would. I was a little tense and a little nervous because it was a new experience for me. I had, sitting to my right, the head of the Law Department. I don't recall who was sitting to my left, but I rather think the general consul was sitting there. In those days, the general consul of CBS was not an inside lawyer; he was a member of the firm Roseman, Colin and Kaye.

Q:

Was that Joseph Ream?

Stanton:

Joe Ream was sitting to my right and Ralph Colin was, I believe, sitting to my left.



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