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Albert Warner



 
 
Albert Warner (nicknamed "Abe") (July 23, 1884 – November 26, 1967), was one of the founders of Warner Bros. Studios
Warner Bros.

Warner Bros. Entertainment, Inc. is one of the world's largest film producer of film and television.It is a subsidiary of Time Warner, with its headquarters in Burbank, California and New York City....
. He established the production studio with his brothers Harry
Harry Warner

Harry Morris Warner was an United States studio executive, one of the founders of Warner Bros., and a major contributor to the development of the film industry....
, Sam
Sam Warner

Samuel Louis Warner was a co-founder and Chief Executive Officer of Warner Brothers. He established the studio along with his brothers Harry Warner, Albert Warner, and Jack Warner....
, and Jack Warner
Jack Warner

Jack Leonard "J.L." Warner , born Jacob Warner in London, Ontario, Canada, was the president and driving force behind the successful development of Warner Bros....
. He served as the studio's treasurer, until he sold his stock in 1956.

Early years
Abraham "Wonsal," later Abraham Warner, was born in a part of the Russian Empire that is now Poland, and possibly in the village of Krasnosielc, He was the son of Benjamin "Wonsal," a shoe maker born in Krasnosielc
Krasnosielc

Krasnosielc is a village, in Mak?w County , on the river Orzyc, in east-central Poland. It is the seat of the administrative district called Gmina Krasnosielc....
, and Pearl Leah Eichelbaum.






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Albert Warner (nicknamed "Abe") (July 23, 1884 – November 26, 1967), was one of the founders of Warner Bros. Studios
Warner Bros.

Warner Bros. Entertainment, Inc. is one of the world's largest film producer of film and television.It is a subsidiary of Time Warner, with its headquarters in Burbank, California and New York City....
. He established the production studio with his brothers Harry
Harry Warner

Harry Morris Warner was an United States studio executive, one of the founders of Warner Bros., and a major contributor to the development of the film industry....
, Sam
Sam Warner

Samuel Louis Warner was a co-founder and Chief Executive Officer of Warner Brothers. He established the studio along with his brothers Harry Warner, Albert Warner, and Jack Warner....
, and Jack Warner
Jack Warner

Jack Leonard "J.L." Warner , born Jacob Warner in London, Ontario, Canada, was the president and driving force behind the successful development of Warner Bros....
. He served as the studio's treasurer, until he sold his stock in 1956.

Early years


Abraham "Wonsal," later Abraham Warner, was born in a part of the Russian Empire that is now Poland, and possibly in the village of Krasnosielc, He was the son of Benjamin "Wonsal," a shoe maker born in Krasnosielc
Krasnosielc

Krasnosielc is a village, in Mak?w County , on the river Orzyc, in east-central Poland. It is the seat of the administrative district called Gmina Krasnosielc....
, and Pearl Leah Eichelbaum. He came to Baltimore, Maryland with his mother and siblings in October 1889 on the steamship Hermann from Bremen, Germany. Their father had preceded them, immigrating to Baltimore in 1888 and following his trade in shoes and shoe repair. He changed the family name to Warner, which was used thereafter. As in many Jewish immigrant families, some of the children gradually acquired anglicized versions of their Yiddish-sounding names. Abraham and Jacob were late among the children to do so, becoming "Albert" and "Jack" after they came of age. However, his nickname was "Abe."

In Baltimore, the money Benjamin Warner earned in the shoe repair business was not enough to provide for his growing household. He and Pearl had another daughter, Fannie, not long after they arrived. Benjamin moved the family Canada, inspired by a friend's advice that he could make an excellent living bartering tin wares with trappers in exchange for furs. Sons Jacob and David Warner were born in London, Ontario
London, Ontario

London is a city in Southwestern Ontario, Canada along the Quebec City-Windsor Corridor with a metropolitan area population of 457,720; the city proper had a population of 352,395 in the Canada 2006 Census....
. After two arduous years in Canada, Benjamin and Pearl Warner returned to Baltimore, bringing along their growing family. Two more children, Sadie and Milton, were added to the household there. In 1896, the family relocated to Youngstown, Ohio
Youngstown, Ohio

Youngstown is a city in the U.S. state of Ohio and the county seat of Mahoning County, Ohio, whose urban area also extends into Trumbull County, Ohio to a significant extent....
, following the lead of Harry Warner, who established a shoe repair shop in the heart of the emerging industrial town. Benjamin worked with his son Harry in the shoe repair shop until he secured a loan to open a meat counter and grocery store in the city's downtown area.

In the late 1890s, Albert became fascinated by the bicycle craze that sweep through the USA. and his older brother Harry opened a bicycle shop in Youngstown together as well. The two also tried to open a bowling alley together, but were unsuccessful.

Albert Warner stayed in school longer than any his three brothers. In 1900, Warner entered Youngstown's Rayen High School, where he served as quarterback for the school's football team. Warner eventually dropped out, and eventually got a job in Chicago as a salesman for the soap company Swift and Company. Warner's life would soon pursue a new direction after brother Sam was able to purchase Kinetoscope in 1903.

Film career

As a young man, along with his brother Sam, Albert Warner entered the nickelodeon
Nickelodeon movie theater

The Nickelodeon was an early 20th century form of small, neighborhood movie theaters. Nickelodeons in competitive markets had a piano or organ , playing whatever music the pianist or organist knew that seemed appropriate to a scene ....
 business, and started displaying copies of The Great Train Robbery from a Kinetoscope at carvinals in Ohio
Ohio

Ohio is a Midwestern United States U.S. state of the United States. As part of the Great Lakes region , Ohio has long been a cultural and geographical crossroads in North America....
 and Pennsylvania
Pennsylvania

The Commonwealth of Pennsylvania , often colloquially referred to as PA by natives and Northeasterners, is a U.S. state located in the Northeastern United States and Mid-Atlantic States regions of the United States....
 in 1903; Sam ran the projector and Albert sold tickets. In 1905, Harry agreed to join his two brothers' business and sold his Youngstown bicycle shop. During this time, the three brothers purchased a building in New Castle, Pennsylvania; with their new building, the brothers established their first theater, The Cascade Movie Palace. The theater was so successful that the brothers were able to purchase a second theater in New Castle as well. This makeshift theatre, called the Bijou, was furnished with chairs borrowed from a local undertaker. In 1907, the three brothers acquired fifteen addiional theaters in the state of Pennsylvania, and named their new business The Dusquesne Amusement Supply Company. The three brothers then rented an office in the Bakewell building in downtown Pittburgh. Harry then sent Sam to New York to purchase, and ship, films for their Pittsburgh exchange company, while he and Albert remained in Pittsburgh to run the business.

In 1909, the brothers sold the Cascade Theater to open a second film exchange company in Norfolk, Virginia; through this second film exchange, younger brother Jack joined his three brothers' business. Afterwards, Sam and Jack went to Norfolk, while Harry and Albert stayed in Pittsburgh. However, one serious threat to the Warners film company was the advent of Thomas Edison
Thomas Edison

Thomas Alva Edison was an American inventor and businessman who developed many devices that greatly influenced life around the world, including the phonograph and the long-lasting, practical electric light bulb....
's Motion Picture Patents Company
Motion Picture Patents Company

The Motion Picture Patents Company , founded in December 1908, was a trust of all the major American film companies , the leading distributor and the biggest supplier of raw film, Eastman Kodak....
 (also known as the Edison Trust), which charged distributors exorbitant fees. In 1910, the Warners sold the family business to the General Film Company, for "$10,000 in cash, $12,000 in preferred stock, and payments over a four-year period for a total of $52,000". After selling their business, the brothers found work distributing films for Carl Laemmle's Independent Motion Picture Company in Pittsburgh. In 1912, Sam Warner would help the brothers earn a $1,500 profit with his film Dante's Interno. In the wake of the success Dante's Interno gave the brothers, Harry Warner, seeing Edison's monopoly threat growing, decided to leave Laemmle and establish an independent film production company for himself and his three brothers, Warner Features; Albert and Harry opened an office in New York, while Sam was sent to operate the company's new Los Angeles film exchange division, and Jack was sent to run the company's new San Francisco film exchange division. In 1918, thanks in part to a loan from Ambassador James W. Gerald, the brothers expanded operations and established a studio near Hollywood, California Sam and Jack moved to the West Coast to produce films while Albert and Harry remained on the East Coast
East Coast of the United States

The East Coast of the United States, also known as the "Eastern Seaboard" or "Atlantic Seaboard", refers to the easternmost coastal states in the central and northern United States, which touch the Atlantic Ocean and stretch up to Canada....
 to handle distribution.

Between the years 1919 and 1920, unfortunately, the studio was not able to garnish any profits. During this time, banker Motley Flint helped the Warners pay off their debts. Shortly afterwards, the four brothers then decided to relocate their studio from Culver City to Sunset Boulevard. The studio rebounded in 1921, after the success of the studio's film Why Girls Leave Home. As a result of the financial success of the film, its director, Harry Rapf
Harry Rapf

Harry Rapf was a Jewish USA. He began his career in 1917, and during a 20 year career became a well-known producer of films for Metro-Goldwyn-Mayer....
, was appointed the studio's new head producer. On April 4, 1923, following the studio's successful film The Gold Diggers
The Gold Diggers

The Gold Diggers can refer to:* The Gold Diggers , a 1919 play by Avery Hopwood, the source material for the 1923 film, as well as Gold Diggers of Broadway and Gold Diggers of 1933...
, Warner Brothers, Inc. was officially established. Albert remained in New York, where he ran the company's distribution and finances.

Warner Bros. Pictures, Inc.

Warner Bros' first film, Where the North Begins, drew success for the brothers not seen since My First Four In Germany. The film also made the dog Rin Tin Tin
Rin Tin Tin

Rin Tin Tin was the name given to several related German Shepherd Dog featured in fictional stories on film, radio, and television....
 the studio's first star.newcomer director Darryl Zanuck's career was also greatly boosted because of his productions of Rin Tin Tin as well. Zanuck would eventually become a top producer for the studio as well, and between 1928 and 1933, served as Jack Warner's right-hand man and executive producer, a position whose responsibilities included the day-to-day production of films.

After establishing Warner Bros. Pictures, the studio had, unfortunately overdrawn $1,000,000.00 (the amount which Warner had loaned from Flint). At this, Albert convinced Harry not to purchase the screenrights to the hit play Rain Harry then decided to help ease the company's financial status by acquiring forty theaters in the state of Pennsylvania

More success would also come for the studio after the brothers hired German director Ernst Lubitsch as the head director for the studio as well; Rapf had departed the studio and accepted an offer to work at MGM. Lubitsch's first film at the studio, The Marriage Circle, became the studio's most successful film of 1924, and was also on the New York Times Best list for the year as well. The studio's 1924 film Beau Brummel also made John Barrymore a top star at the studio as well. Despite the success the brothers now had, they still could not compete with the Big Three studios (First National, Paramount, and MGM)

In 1925, Albert's older brother Harry and a large group of independent film-makers assembled in Milwaukee, Wisconsin to challenge the monopoly the Big Three had over the film industry). Harry and the other independent film-makers at the Milwauke convention agreed to spend $500,000.00 in newspaper advertisements; this action would help benefit Warner Bros. profits. With help from a loan supplied by Golddman, Sachs head banker Waddill Catchings, Warner would find a way to successfully respond to the growing concern the Big Three Studios further induced to Warner Bros., and expanded the company's operations further buy purchasing the Brooklyn theater company Vitagraph. through this purchase, the Warners now had theaters in the New York area.

In 1925, Sam Warner had also acquired a radio station, KWBC, After acquiring this radio station, Sam decided to make an attempt to use synchronized sound in future Warner Bros. Pictures. Harry Warner, however had initial reservations about the idea, in which he is memorably quoted as saying "Who the hell wants to hear actors talk?" when his brother, CEO Sam Warner proposed the idea to him. Under Warner and his brothers leadership, the company came to own and operate some 250 theaters in which to screen its films, and, more importantly, was a successful pioneer of the sound film industry and the company still thrives today. By the February of 1926, however, the brothers' radio business had failed, and the studio was suffered a net loss of $333,413.00.

After a period of refusing to accept the usage of sound in the company's films, Harry Warner now agreed to use synchronized sound in Warner Bros. shorts, as long as it just for usage of background music
Soundtrack

The term soundtrack refers to three related concepts: recorded music accompanying and synchronized to the images of a motion picture, television program or video game; a commercially released soundtrack album of music as featured in the soundtrack of a film or TV show; and the physical area of a film that contains the synchronized recorded so...
, Harry then made a visit to Western Electric's Bell Laboratories in New York, (which younger brother Sam had earlier visited) and was impressed. on problem that occurred for the Warners though was the fact that the high-ups at Western Electric were anti-Semitic. Sam, though, was able to convince the high-ups to sign with the studio after his wife Lina wore a gold cross at a dinner he attended with the Western Electric. After which, Harry signed a partnership agreement with Western Electric
Western Electric

Western Electric Company was an United States electrical engineering company, the manufacturing arm of American Telephone & Telegraph from 1881 to 1995....
 to use Bell Laboratories to test the sound-on-film process.

After the agreement was signed, Vitaphone
Vitaphone

Vitaphone was a sound film process used on features and nearly 2,000 short subjects produced by Warner Bros. and its sister studio First National from 1926 to 1930....
 was established. and Sam and Jack decided to take a big step forward make Don Juan. The film began with eight Vitaphone features filmed in sound. Despite the success it had at the box office, the film was not able to match it's expensive budget. Harry was now further convinced not to use any more sound in Warner Bros. pictures. With Harry now refusing to allow further Vitaphone productions, Paramount head Adolph Zukor took advantage of the situation and tried to offer Sam a deal as an executive producer for his studio if he brought Vitaphone with him. Sam easily accepted Zukor's offer, but the offer died after Paramount lost money in the wake of Rudolph Valentino's death in late 1926.By April of 1927, the Big Five studios (First National, Paramount, MGM, Universal, and Producers Distributing) had put the Warners in financial ruin, and Western Electric renewed the Warner's Vitaphone contract with terms that it was no longer exclusive and that other film company's could test sound with Western Electric as well; the Warners were even forced to sell some of their stock to Harry Cohn, the head of the independent film company Columbia Pictures. Eventually, Harry agreed to accept Sam's demands to continue with Vitaphone productions, and the studio soon began production of the first talkie, The Jazz Singer
The Jazz Singer

The Jazz Singer may refer to:* The Jazz Singer , a 1925 Broadway play* The Jazz Singer , a film version of the play, and the first feature-length motion picture with talking sequences...
; soon after it's release, The Jazz Singer
The Jazz Singer

The Jazz Singer may refer to:* The Jazz Singer , a 1925 Broadway play* The Jazz Singer , a film version of the play, and the first feature-length motion picture with talking sequences...
 would indeed help establish the Warners as the arguably the three most importa figures in the film industry. On October 5, 1927, Sam would die and younger brother Jack was granted with the power to head all of the studio's production, despite the fact that Jack still did not have as much power over the studio as Harry did, as he was only the studio's Vice President.

Kings of the talking Screen
With the success of the Jazz Singers, more talkies followed. With the large sums of money the Warners now had on-hand, Harry was able to expand business operations further. Harry Warner was able to acquire the Stanley Corporation for the studio, This purchase gave them a share in rival First National Pictures, of which Stanley owned one-third. After this purchase, Warner was soon able to acquire William Fox's one third remaining share in First National and was now officially the majority stockholder of the company. Harry, after purchasing a string of music publishers, was even able to establish a music subsidiary-Warner Bros. Music- and buy out additional radio companies, foreign sound patents, and a lithograph company as well; In 1929, with the large amount of money he now had made off of the studio's valuable subsidiaries, Albert acquired a large home in Rye, Westchester County, New York, which he dubbed "Caradel Hall."

The Great Depression

With the Wall Street Crash of 1929 officially marking the beginning of The Great Depression, Albert saw that the studio was in need of additional star power in order to survive. Following Albert's advice, Jack and Harry Warner acquired three Paramount stars (William Powell, Kay Francis, and Ruth Chatteron) for studio salaries doubled from their previous ones. This move proved to be a success, and stockholders maintained confident in the Warners. In late 1929, Jack Warner would hire sixty-one year old actor George Arliss
George Arliss

George Arliss was an England Academy Award-winning actor, author, playwright and film maker who found success in United States. He was the first United Kingdom actor to win an Academy Award....
 to star in the studio's film Disraeli. To everybody's surprise, the film Disraeli was a success, and Arliss would win an Oscar for Best Actor
Best Actor

Best Actor is the name of an award. It is presented by various film organizations, film festivals, and people's awards. It may also refer to the Best Actor award in theatre or on television....
 for his role in the film and star in nine more films with the studio as well.

With the collapse of the market for musicals, Warner Bros., under production head Darryl F. Zanuck
Darryl F. Zanuck

Darryl Francis Zanuck was an Academy Award-winning Film producer, writer, actor, Film director, and studio executive who played a major part in the Hollywood studio system as one of its longest survivors ....
, turned to more realistic and gritty storylines, 'torn from the headlines' pictures that some said glorified gangsters; Warner Bros. soon became known as "gangster studio. The studio's first gangster film Little Caesar
Little Caesar (film)

Little Caesar is a 1931 in film crime film made during the Pre-Code era which tells the story of a man who works his way up the ranks of the mob until he reaches its upper heights....
 was a great success at the box office. and Edward Robinson was casted a star in many of the wave of gangster films the studio produced after Little Caesar The studio's next gangster film, The Public Enemy
The Public Enemy

The Public Enemy is a pre-Code Cinema of the United States crime film drama film film starring James Cagney and directed by William A. Wellman....
, would also make James Cagney arguably the studio's new top star, and the Warners were now further convinced to make more gangster films as well.

Another gangster film the studio produced was the critically acclaimed I Am a Fugitive From a Chain Gang
I Am a Fugitive from a Chain Gang

I Am a Fugitive from a Chain Gang is a pre-Code 1932 in film Crime film/drama film in which Paul Muni stars as a wrongfully accused escapee from a chain gang....
, starring Paul Muni
Paul Muni

Paul Muni was an United States Academy Awards-winning and Tony Award-winning Stage and film actor.BiographyEarly life and career...
. In addition to Cagney and Robinson, Paul Muni was also given a big push as one the studio's top gangster stars after appearing in the successful film I Am a Fugitive From a Chain Gang
I Am a Fugitive from a Chain Gang

I Am a Fugitive from a Chain Gang is a pre-Code 1932 in film Crime film/drama film in which Paul Muni stars as a wrongfully accused escapee from a chain gang....
. The film I Am a Fugitive From a Chain Gang
I Am a Fugitive from a Chain Gang

I Am a Fugitive from a Chain Gang is a pre-Code 1932 in film Crime film/drama film in which Paul Muni stars as a wrongfully accused escapee from a chain gang....
 got audiences in the United States to question the legal system in the United States. and by January of 1933, the film's protagonist Robert Elliot Burns-who was still imprisoned in New Jersey- and a number of different chain gang prisoners nationwide in the United States were able to appeal and were released. In January of 1933, Georgia chain gang warden J Harold Hardy-who was also made into a character in the film- sued the studio for displaying "vicious, brutual and false attacks" against him in the film. After appearing in the film The Man Who Played God
The Man Who Played God

The Man Who Played God is a 1932 in film film drama produced by Warner Brothers.It was film director by John G. Adolfi and starred George Arliss, Violet Heming, Bette Davis, in one of her earliest important roles, Louise Closser Hale and Alan Cook....
, Bette Davis
Bette Davis

Ruth Elizabeth "Bette" Davis was an American actress of film, television and theatre. Noted for her willingness to play unsympathetic characters, she was highly regarded for her performances in a range of film genres; from contemporary crime films to historical film and period piece and occasional comedy, though her greatest successes were h...
 would also become a top star for the studio as well. In 1933, the studio's very successful film 42nd Street would revive the studio's musicals Most these new musicals featured Ruby Keeler
Ruby Keeler

Ruby Keeler, born Ethel Hilda Keeler, , was an actress, singer, and dancer most famous for her on-screen coupling with Dick Powell in a string of successful early musicals at Warner Brothers, particularly 42nd Street ....
 and Dick Powell
Dick Powell

Richard Ewing "Dick" Powell was an United States singer, actor, Film producer, Film director and studio boss....
 as the stars, and were mostly directed by Busby Berkeley
Busby Berkeley

Busby Berkeley , born William Berkeley Enos in Los Angeles, California, was a highly influential Hollywood movie director and musical film choreographer....
.

By 1931, however, the studio would begin to feel the effects of the Depression as the general public became unable to afford the price for movie tickets. In 1931, the studio would reportedly suffer a net loss of $8,000,000.00. The following year, the studio would suffer an additional $14,000,000.00 net loss as well. In 1933, relieve for the studio would come again after Franklin Roosevelt became US President in 1933 and was able to rebound the US Economy with the New Deal
New Deal

The New Deal was the name that United States President of the United States Franklin D. Roosevelt gave to a sequence of central economic planning and economic stimulus programs he initiated between 1933 and 1938 with the goal of giving aid to the unemployed, reform of business and financial practices, and recovery of the Economy of the Unite...
; because of this economic rebound, box office profits for Warner Bros. existed once again. This same year, however, a blow would also occur as the studio's longtime head producer Darryl F. Zanuck
Darryl F. Zanuck

Darryl Francis Zanuck was an Academy Award-winning Film producer, writer, actor, Film director, and studio executive who played a major part in the Hollywood studio system as one of its longest survivors ....
 would quit, because: (1) Harry Warner's relationship with Zanuck became strained after Harry was strongly against allowing Zanuck film Baby Face
Baby Face (film)

Baby Face is a sexually-charged, pre-Code feature film first released in 1933 in film. The film was based on a story by Darryl F. Zanuck , written by Gene Markey and Kathryn Scola, and directed by Alfred E....
 to step outside the Hays Code boundaries; and 2) the studio reduced Zanuck's salary as a result of the financial woes the Great Depression gave the studio's net profits, and Harry still refused to raise his salary in the wake of the New Deal's rebound. Zanuck produced his letter of resignation to Jack Warner, and went on to establish his own company In the wake of Zanuck's resignation, Harry Warner agreed to again raise the salary for the studio's employees.

In 1933, the studio was also able to bring newspaper tycoon William Randolph Hearst's Cosmopolitan films into the Warner Bros. fold. Hearst had previously been signed with MGM, but he ended his ties with the company after a dispute with the company's head producer Irving Thalberg over the treatment of Marion Davies; Davies was a longtime mistress of Hearst, and was now struggling to draw box office success. Through the studios partnership with Hearst, Harry's younger brother Jack was also able to sign Davies to a studio contract as well. Hearst's company and Davies' films, however, could not increase the studio's net profits. In 1934, Warner officially purchased the Teddington Studio as well.

In 1934, the studio would suffer a net loss of over $2,500,000.00. $500,000 of this loss was also the result of physical damage to the Warner Bros. Burbank studio that occurred after a massive fire that broke out in the studio around the end of 1934, and destroyed twenty years worth of early Warner Bros. films. The following year, Hearst's film adaption of William Shakespeare's A Midsummer Night's Dream
A Midsummer Night's Dream (1935 film)

A Midsummer Night's Dream is a film directed by Max Reinhardt and William Dieterle, produced by Henry Blanke and Hal Wallis, and adapted by Charles Kenyon and Mary C....
 would fail at the box office and the studio net loss increased. During the year 1935, the studio's revived musicals would also suffer a major blow after director Busby Berkeley was arrested after killing three people while driving drunk one night. By the end of the 1935, however, relief would come for the Warnres, as the studio would rebound with a year-end net profit of $674,158.00.

Post War Era

On November 25, 1947, Albert Warner and other executives in the motion picture industry issued the Waldorf Statement
Waldorf Statement

The Waldorf Statement was a two-page press release issued on December 3, 1947, by Eric Johnston, president of the Motion Picture Association of America, following a closed-door meeting by forty-eight motion picture company executives at New York City Waldorf-Astoria Hotel....
, first promulgating the Hollywood Blacklist
Hollywood blacklist

The Hollywood blacklist?more precisely the entertainment industry blacklist, into which it expanded?was the mid-twentieth-century list of screenwriters, actors, directors, musicians, and other U.S....
. Around this time, Albert also bought a second mansion in Miami Beach, Florida
Miami Beach, Florida

Miami Beach is a city in Miami-Dade County, Florida, Florida, United States. The city was incorporated on 26 March, 1915.Miami Beach has been one of America's pre-eminent beach resorts for almost a century....
, where he lived for most of the remaining years of his life. By 1956, the studio was losing money and Albert wanted to retire and live full time in his Miami Beach house.

In May 1956, the brothers announced they were putting Warner Bros. on the market. Jack, however, secretly organized a syndicate
Syndicate

Syndicate comes from the French language word syndicat which means trade union , from the Latin word syndicus which in turn comes from the Greek language word s??d???? which means caretaker of an issue, compare to ombudsman or Representation ....
-headed by Boston banker Serge Semenenko that purchased 90% (800,000 shares) of the company's stock. After the three brothers sold their stock, in an under-the-table deal with Sememenko, Jack joined Semenenko's syndicate and bought back all his stock, which consisted of 200,000 shares. The deal officially completed in July. Now the company's largest stockholder, Jack appointed himself as the new company president. By the time Harry and Albert learned of their brother's dealings, it was too late.

Albert read about Jack's dealings while spending time in New York City. He never spoke to Jack again, but he did later rejoin the company's board of directors to keep Jack "from stealing the stockholders blind."

Albert Warner died in 1967 in Miami Beach, Florida
Miami Beach, Florida

Miami Beach is a city in Miami-Dade County, Florida, Florida, United States. The city was incorporated on 26 March, 1915.Miami Beach has been one of America's pre-eminent beach resorts for almost a century....
 where he had been living in retirement. A funeral service was held in the Los Angeles. Warner was then interred in Brooklyn
Brooklyn

Brooklyn is one of the five Borough of New York City, located at the western end of Long Island. An independent city until its consolidation with New York in 1898, Brooklyn is New York City's most populous borough, with 2.5 million residents, and second largest in area....
, next to his first wife Bessie Krieger. After Albert's second wife Bessie Warner died in 1970 she was interred with him as well in Brooklyn.

Personal life

In 1908, Warner married Bessie Krieger, in New Castle, Pennsylvania. Krieger died in 1923 from influenza. On April 23, 1925, Warner married Bessie Siegal, the widow of his friend, Jonas Siegal. The couple remained married until Warner's death in 1967. Through his marriage to Bessie Siegel, Warner had a stepson, Arthur Jack Steel, who married Ruth Mandel, and had sons John and Lewis Steel (named after Harry Warner's son Lewis Warner). Warner was noted to never adapt the upper class lifestyle, remaining unrefined throughout his life.

Bibliography


See also

  • Harry Warner
    Harry Warner

    Harry Morris Warner was an United States studio executive, one of the founders of Warner Bros., and a major contributor to the development of the film industry....
     (1881–1958)
  • Sam Warner
    Sam Warner

    Samuel Louis Warner was a co-founder and Chief Executive Officer of Warner Brothers. He established the studio along with his brothers Harry Warner, Albert Warner, and Jack Warner....
     (1887–1927)
  • Jack Warner
    Jack Warner

    Jack Leonard "J.L." Warner , born Jacob Warner in London, Ontario, Canada, was the president and driving force behind the successful development of Warner Bros....
     (1892–1978)