Albert Warner 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 Chatterton) 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 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
Albert Warner Semenenko, Jack officially 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 subterfuge, 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 stop Jack "from stealing the stockholders blind". Albert Warner died of a stroke in 1967 in Miami Beach. A funeral