Disney Paid Ovitz 'Unreasonable' Amount, Witness Says
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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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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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GEORGETOWN, Del.  - Former Walt Disney Co.  President Michael Ovitz conceded he knew little about running a  public company and called his short tenure fraught with  "difficult days" as he testified in a shareholder lawsuit over  his $140 million severance pay.
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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
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Michael Ovitz wanted a $50 million signing bonus to become president of the Walt Disney Co., but the directors who eventually hired him were not willing
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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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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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Walt Disney Co. shareholders are to finally get their day in court, seven years after suing the company for allegedly wasting corporate assets by buying out the contract of former president Michael Ovitz for 140 million dollars.
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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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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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GEORGETOWN, Del. - Michael Ovitz, Walt Disney Co.&#39;s former president, said Thursday it was &quot;common knowledge&quot; while he was at Disney that he was receiving payments for selling his stake in the talent agency he co-founded.
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Walt Disney Co.&#39;s multimillion-dollar contract with Michael Ovitz was unreasonably generous and one of the most lucrative ever, a compensation expert testified
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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 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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Oct-28-2004 - A shareholder suit brought about by outrage over the severance package paid to former President Michael Ovitz is unveiling some deep dissention in the House of Mouse, the Wall Street Journal reported.
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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.