<<I agree, the Academy wouldn't know good acting (Chaplin, Richard Burton) if it fell out of the sky.>>
Don't forget the greatest two actors to never win the top award, Peter O'Toole and Cary Grant. Chaplin should have won for City Lights, both director and picture, in 1931. Of course, that year Peter Lorre made M, which he should have won best actor for. As for Peter O'Toole, he should have won in '62 for Laurence, '64 for Beckett, and '68 for The Lion in Winter. Cary Grant should have won for The Philadelphia Story in '40, when Stewart won. Meanwhile, although he shouldn't have won in '40, Stewart should have won for Mr. Smith in '39, It's a Wonderful Life in '46, Harvey in '50, and Vertigo in '58.
The Academy is constantly trying to make up for past mistakes and is reluctant to award any foreign film with an acting, directing, or picture award. I think it would be a good idea if they just went the way of the Golden Globes and had a category for Drama and Comedy. They should also extend the Foreign Film section to include best acting in Foreign Language films, and best directing in Foreign Language films.
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