Ovitz Defends Disney Severance Package
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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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Actor Sidney Poitier, a former Walt Disney Co. director, said he supported firing ex-company president Michael Ovitz because he was mismatched with other executives.
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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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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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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 &#36;200 million.
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GEORGETOWN, United States : A law suit against the Walt Disney Co. over 140 million dollars paid to former president Michael Ovitz started, seven years after shareholders brought the action.
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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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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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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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Former Walt Disney Co. President Michael Ovitz&#39;s $140 million severance was &#39;&#39;unreasonable&#39;&#39; because it exceeded what executives at other companies received, a compensation expert testified Monday in a trial
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A law suit against the Walt Disney Co. over 140 million dollars paid to former president Michael Ovitz started, seven years after shareholders brought the action.
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GEORGETOWN, Del.  - Michael Ovitz, the former  president at Walt Disney Co., testified on Wednesday that he  fought and begged to stay in his job until his good friend and  boss Michael Eisner pushed him out.
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In testimony on Friday, Michael S. Ovitz, the former president of the Walt Disney Company, described an aborted attempt to join the Sony Corporation and was questioned
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GEORGETOWN, Del. - Michael Ovitz, Walt Disney Co.&#39;s former president, defended his record Tuesday as the entertainment giant&#39;s second in command, saying he was undercut a number of times by Chief Executive
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The outside adviser who helped draft the 1995 employment agreement for the president of Walt Disney, Michael S. Ovitz, testified on Tuesday that he had reservations
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Ovitz delivers testimony in a shareholder lawsuit that demands that he and other Disney directors repay the company for severance packages plus about $60 million in interest.
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Walt Disney&#39;s board of directors went on trial this week on shareholder accusations that it merely rubber-stamped a decision to hire Michael Ovitz and allowed him to walk away