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From Times Staff and Wire Reports
Dennis Stanfill’s Departure Confirmed: The studio veteran will become a “senior adviser” to the French bank Credit Lyonnais, parent of the Metro-Goldwyn-Mayer studio. Stanfill, 66, was co-chairman and co-chief executive of MGM along with Alan Ladd Jr., who will now be solely in charge of the studio. Stanfill’s contract, scheduled to expire at the end of 1994, provided him with $2.5 million a year in salary and another $2.5 million in severance if he was fired or left “with cause.”
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