Disney Chairman: Ovitz Reassignment Was &#39;Unwise&#39;
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Michael Ovitz could have been demoted or reassigned for the bulk of his five-year contract at the Walt Disney Co., but it would have done more harm than
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GEORGETOWN, United States : Controversial Disney Co. chief executive Michael Eisner has been tough and unflappable defending himself this week against shareholder charges that he wasted 140 million dollars by taking on Michael Ovitz as president in 1995.
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A former Walt Disney Co. director testified that CEO Michael Eisner hoped that Sony Corp. would take Michael Ovitz off his hands and save Disney a &quot;bundle&quot; in severance pay.
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Walt Disney Co.&#39;s board of directors said company President Robert Iger is &quot;the one internal candidate&quot; to replace Disney Chief Executive Michael Eisner and that it also will consider outsiders.
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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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GEORGETOWN, Del.  - Walt Disney Co. should have  fired Michael Ovitz rather than paying him $140 million in  severance, a legal expert testified on Thursday in support of  shareholders suing the Disney board.
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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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Michael Ovitz, Walt Disney Co.'s former president, defended his $140 million severance package Wednesday, saying he asked the entertainment giant for a "guarantee" in his contract when he left the talent agency he founded.
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GEORGETOWN, Del.  - Walt Disney Co. should have  fired Michael Ovitz because of his "substantial and repeated  dishonesty," a legal expert testified on Thursday in support of  shareholders suing the Disney board over Ovitz's receipt of a  $140 million severance package.
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Walt Disney Co. Chief Executive Michael Eisner testified Tuesday that he discussed individually with directors bringing on Michael Ovitz as the entertainment giant&#39;s president and reviewed the details of his
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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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GEORGETOWN, Del.  - Walt Disney Co.'s DIS.N  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  $140 million severance package.
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Hollywood dealmaker Michael Ovitz quietly got a very stingy options package before joining Walt Disney - because insiders thought he might flop.
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GEORGETOWN, Del.  - Walt Disney Co.'s  multimillion-dollar contract with Michael Ovitz was  unreasonably generous and one of the most lucrative ever, a  compensation expert testified on Monday for shareholders suing  the board to recover as much as $200 million.
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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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GEORGETOWN, Del.  - 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  $140 million severance package.
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GEORGETOWN, Del.  - Shareholders suing Walt Disney  Co.'s  board of directors on Thursday portrayed Michael Ovitz  as a dishonest and erratic executive who should have been fired  instead of walking away from his job with $140 million in  severance pay.