Ovitz Defends Disney Record Between Sharp Exchanges
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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 $140 million lawsuit.
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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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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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A witness testified in a Delaware courtroom Tuesday that the compensation package given to former Walt Disney Co. President Michael Ovitz was unreasonable, Reuters reports.
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While fans of Michael Eisner argue that his 20-year legacy of continued financial and stock growth at the Walt Disney Co. is a strong achievement, Wall Street observers say his record is more mixed.
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GEORGETOWN, Del.  - Walt Disney Co.'s chief  executive Michael Eisner on Wednesday was confronted with notes  in which Michael Ovitz was called "dangerous" and "a caged  animal" as he desperately tried to fire his one-time friend  from the entertainment giant.
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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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Former Walt Disney Co. President Michael Ovitz defended his tenure in the job, testifying that efforts to improve and expand the No.
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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.
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The lawsuit shareholders have brought against Disney has come to resemble a Hollywood potboiler of betrayed friendships, secret meetings and wounded egos. During five days of testimony, Disney chief executive Michael Eisner delivered a forceful and often bittersweet account of the 14-month tenure of agent-to-the-stars Michael Ovitz as Disney's president.
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Walt Disney Co.'s chief executive Michael Eisner on Wednesday was confronted with notes in which he called Michael Ovitz "dangerous" and "a caged animal" as he desperately tried to fire his one-time friend from the entertainment giant.
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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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Michael Ovitz staunchly defended his efforts as president of the Walt Disney Co. yesterday in between biting exchanges with the attorney representing shareholders in a $140 million lawsuit.
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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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Michael Ovitz wanted a &#36;50 million signing bonus to become president of the Walt Disney Co., but the directors who eventually hired him were not willing to make that kind of outlay, an executive compensation expert testified Tuesday.
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Walt Disney Co. Chief Executive Michael Eisner testified Thursday that he told Disney&#39;s directors he was hoping to &quot;trade&quot; president Michael Ovitz to Sony Corp.
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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.