Despite these achievements, Jack grew weary of making films, and he sold a substantial amount of his studio stock to Seven Arts Productions on November 14, 1966. Some observers believed that Ben Kalmenson, Warner Bros.'s executive vice president, persuaded Warner to sell his stock so that Kalmenson could assume leadership of the studio. Warner, however, had personal reasons for seeking retirement. His wife, Ann, continually pressured him to "slow down", and the aging studio head felt a need to put his affairs in order. Warner sold his 1.6 million shares of studio stock shortly after producing the film adaptation of Lerner & Loewe's "Camelot". The sale yielded, after capital gains taxes, about $24 million (equivalent to $ million today). Eight months after the sale, Warner quipped, "Who would ever have thought that a butcher boy from Youngstown, Ohio, would end up with twenty-four million smackers in his pocket?" At the time of the sale, Warner had earned the distinction of being the second chief to also serve as company president, after Columbia Pictures' Harry Cohn.