Trial Witness Says Ovitz Pay at Disney Was Unreasonable
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The Walt Disney Company&#39;s multimillion-dollar contract with Michael S. Ovitz was unreasonable and one of the most generous ever, a compensation expert testified yesterday.
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A shareholder lawsuit over the $140  million severance the Walt Disney Co. paid Michael Ovitz neared  its close on Friday, after months of testimony about one of the  ugliest chapters in Disney's history.
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Michael Ovitz, Walt Disney Co.'s former president, testified Tuesday that he was undercut a number of times by Disney Chief Executive Michael Eisner as he tried to expand the entertainment giant's business.
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Roy Disney yesterday told a courtroom that he had sensed Michael Ovitz was not performing well as Walt Disney president within weeks of the Hollywood power broker joining the company in late 1995.
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Walt Disney Co.'s  board of directors went on trial on Wednesday, on shareholder accusations that it merely rubberstamped a decision to hire Michael Ovitz and allowed him to walk away months later with a &#36;140 million severance package.
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Michael Ovitz wanted a $50 million signing bonus to become president of the Walt Disney Co., but the directors who eventually hired him were not willing
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Walt Disney Co. Chief Executive Michael Eisner testified Wednesday that he relied on advice from the company&#39;s top lawyer in determining that former Disney President Michael Ovitz couldn&#39;t be fired for cause.
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Walt Disney Co. Chief Executive Michael Eisner testified Wednesday that he relied on advice from the company's top lawyer in determining that former Disney President Michael Ovitz couldn't be fired for cause.
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GEORGETOWN, Del.  - Michael Ovitz said he fought  and begged to stay on at Walt Disney Co. until his good friend  and boss Michael Eisner pushed him out, the former Disney  president, now at the center of a shareholder lawsuit,  testified on Wednesday.
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Walt Disney Co. should have fired Michael Ovitz rather than paying him &#36;140 million in severance, a legal expert testified on Thursday in support of shareholders suing the Disney board.
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LOS ANGELES/NEW YORK  - The trial of a lawsuit by  Walt Disney Co. shareholders who accuse the board of directors  of rubberstamping a deal to hire Michael Ovitz in 1995 and then  giving him $140 million in severance pay will open on  Wednesday, putting a spotlight on standards for corporate  responsibility.
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GEORGETOWN, Del. - The terms on the options Walt Disney Co. gave its former president Michael Ovitz when he was hired were less generous than the terms for many other industry executives, a former compensation consultant testified Wednesday.
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Walt Disney Co. could have fired Michael Ovitz as president without paying him $140 million in severance, a law professor testified Thursday in the trial of an investor lawsuit seeking return of the money.
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Michael Ovitz staunchly defended his efforts as president of the Walt Disney Co. on Thursday in between biting exchanges with the attorney representing shareholders in a &#36;140 million lawsuit.
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In testimony on Friday, Michael S. Ovitz, the former president of the Walt Disney Company, described an aborted attempt to join the Sony Corporation and was questioned
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CQ&quot;&gt; Walt Disney Company shareholders might have done a double take when their chief executive, Michael D. Eisner, testified in court last week about the brief tenure of his friend, Michael S. Ovitz, as company president.
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The former director of the Walt Disney Company who helped negotiate the contract of Michael S. Ovitz, its former president, said the uproar after Mr.