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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WILMINGTON, Del. -- A Delaware corporate law judge Wednesday heard a plea from attorneys for former Walt Disney Co. president Michael Ovitz that asks to remove Ovitz from the list of defendants in a shareholder
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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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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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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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Michael S. Ovitz, the former president of the Walt Disney Company, vigorously defended his 14-month tenure on Tuesday, saying his efforts to expand and improve
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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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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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In his fifth day of testimony, former Disney president Michael Ovitz said protecting himself financially from a job loss during his contract negotiation was important, The Associated Press reports.
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The Walt Disney Company's multimillion-dollar contract with Michael S. Ovitz was unreasonable and one of the most generous ever, a compensation expert testified.
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GEORGETOWN, United States : Walt Disney chief Michael Eisner portrayed his friend Michael Ovitz -- fired after 15 months as company president with a 140 million dollar severance package -- as an executive unable to adapt to Disney&#39;s corporate culture.
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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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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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Walt Disney Co. Chief Executive Michael Eisner received &#36;8.3 million in total compensation in 2004, a rise of about &#36;1 million from 2003, the company said in a regulatory filing on Thursday.
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GEORGETOWN: Walt Disney&#39;s board of directors went on trial, accused by shareholders of rubberstamping a decision to hire Michael Ovitz and allowing him to walk away months later with a $140m severance package.
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A lawyer for Michael S. Ovitz, the former president of the Walt Disney Company, argued Wednesday that his client should be excused as a defendant in a lawsuit