Caption: This candid camera study shows David Sarnoff (left, standing) as he read his report today to his stockholders of Radio Corporation of America, of which he is president. Other left to right are Lewis MacConnach, secretary, and DeWitt Millhauser and Edward J. McNally, directors. High spot of Sarnoff's report was his statement that RCA welcomes the approaching Federal Communications Commission's investigation into radio, and that National Broadcasting Co., contributed almost half of RCA's 1937 gross income.
The front and back of this photograph are pictured below.
