Witness: Disney Paid Ovitz 'Unreasonable' Amount
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GEORGETOWN, Del.  - Walt Disney Co.'s  multimillion-dollar contract with Michael Ovitz was  unreasonable and one of the most generous ever, a compensation  expert testified on Monday for shareholders suing the board to  recoup as much as $200 million.
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LOS ANGELES  - It was unusual but not  unprecedented for the head of the Walt Disney Co. compensation  committee to be negotiating an employment contract that his  group would eventually approve, former committee chair Irwin  Russell testified at the trial surrounding Michael Ovitz's  contract and severance.
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Michael Ovitz, Walt Disney Co.&#39;s former president, said Friday he was mistaken in his previous testimony that his annual bonus was tied to Disney chief executive Michael Eisner&#39;s bonus.
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NEW YORK - A lot of people say Michael Ovitz was overpaid at Walt Disney Company. These critics dwell on the superficial, noting, for instance, that he worked at the company just 14 months and was paid $140 million when he quit.
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Michael Ovitz, who had a brief but extremely lucrative career as president of Walt Disney Co. in the mid 1990s, might emerge as the latest embodiment of corporate spending run amok.
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The trial of a lawsuit by Walt Disney Co. shareholders who accuse the board of directors of rubberstamping a deal to hire Michael Ovitz
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LOS ANGELES  â Robert A. Iger, chief executive of the Walt Disney Company, received a compensation package in the 2007 fiscal year valued by the company at $27.7 million, according to an analysis of documents filed Friday with the Securities and Exchange Commission.
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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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In the trial of former Walt Disney Co. President Michael Ovitz, the plaintiff&#39;s lawyer accused the company&#39;s former official of leaking rumors to the press accusing NBC West Coast chief Don Ohlmeyer of sexually
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The compensation package granted to former Walt Disney Co. president Michael Ovitz was &quot;unreasonable&quot; and not in the interest of the entertainment giant&#39;s shareholders, a compensation expert testified Monday in a shareholder lawsuit.
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Michael Ovitz hopes getting his day in court fixes his battered career and tarnished image. Ovitz testified for the fifth day in the trial that has Disney shareholders shooting
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GEORGETOWN, Delaware Michael Ovitz, the former president of Walt Disney, has vigorously defended his 14-month tenure, saying his efforts to expand and improve the company were undercut at nearly every turn by recalcitrant senior executives and the man who
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Former Walt Disney Co. Director Richard Nunis testified today he deferred to Chief Executive Michael Eisner&#39;s decision to fire ex-President Michael Ovitz and give him a $140 million severance package.
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Oct-28-2004 - A shareholder suit brought about by outrage over the severance package paid to former President Michael Ovitz is unveiling some deep dissention in the House of Mouse, the Wall Street Journal reported.
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A former Walt Disney Co. director testified Monday that Disney chief executive Michael Eisner told her in a December 1996 telephone conversation that then-Disney President Michael Ovitz was being fired and was eligible for a large severance package.
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GEORGETOWN, Del.  - Former Walt Disney Co.  President Michael Ovitz conceded he knew little about running a  public company and called his short tenure fraught with  "difficult days" as he testified in a shareholder lawsuit over  his $140 million severance pay.
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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