Witness Says Ovitz Was Discussed in 1995
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GEORGETOWN, Del. - Walt Disney Co. CEO Michael Eisner discussed the possibility of hiring Michael Ovitz as president with two directors and a major shareholder as early as May 1995 - almost five months before
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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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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.
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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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Disney CEO Michael Eisner vividly described his side of the painful 1996 breakup with former Disney president Michael Ovitz in testimony at a shareholder lawsuit here Tuesday.
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Directors at Walt Disney nominated Michael Ovitz to serve on its board for three years at a 1996 meeting just weeks before forcing him out of his job as president, Ovitz told a Delaware court yesterday.
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Disney big cheese Michael Eisner took the witness stand for the first time yesterday in an ongoing shareholder lawsuit, defending his choice of ex-super talent agent Michael Ovitz as Disney&#39;s No.
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Michael D. Eisner, chief of Disney, downplayed his decade-long relationship with Michael S. Ovitz, the former president of Disney, as he began testifying in a shareholder lawsuit.
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Walt Disney Co. chief executive Michael D. Eisner had been on the witness stand for about half an hour on Monday when the subject of former Disney president Michael S. Ovitz finally came up.
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Lawyers for investors suing Walt Disney Co. questioned whether chief executive Michael Eisner held a formal meeting to tell board members there were no grounds to deny then-president Michael Ovitz $140 million in severance. Shareholders of Disney, the number two US media company, contend directors did not know Ovitz might be entitled to the $140 million if ...
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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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Michael Ovitz, the former Hollywood powerbroker, yesterday said the first cracks appeared in his stormy relationship with Walt Disney chief and former boss Michael Eisner even before his appointment as president of the company was announced in 1995.
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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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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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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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A former director at Walt Disney testified that the president, Michael Ovitz, was fired because his management style differed sharply from the chief executive's.
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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.