Disney overpaid Ovitz, witness says
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Walt Disney Co. could have fired Michael Ovitz as president without paying him $140 million in severance, a law professor testified Thursday in the trial of an investor lawsuit seeking return of the money.
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GEORGETOWN, Del.  - Walt Disney Co.'s board of  directors went on trial on Wednesday, accused by shareholders  of rubberstamping a decision to hire Michael Ovitz and allowing  him to walk away months later with a $140 million severance  package.
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Walt Disney Co.&#39;s multimillion-dollar contract with Michael Ovitz was unreasonable and one of the most generous ever, a compensation expert testified on Monday
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The Walt Disney Company&#39;s multimillion-dollar contract with Michael S. Ovitz was unreasonable and one of the most generous ever, a compensation expert testified yesterday.
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GEORGETOWN, Del.  - 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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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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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 &#36;140 million lawsuit.
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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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GEORGETOWN, Del., Oct. 28 -- Plaintiffs in a shareholder lawsuit over former Walt Disney Co. president Michael Ovitz's $140 million severance package attempted Thursday to portray Ovitz as a dishonest bumbler who botched the hiring of a major television executive and pushed the release of a movie that angered the Chinese government, damaging Disney's business prospects in the country.
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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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GEORGETOWN, Del.  - Michael Ovitz, once a top  Hollywood dealmaker, is set to testify Tuesday to face charges  by angry Walt Disney Co. shareholders that he cheated them when  he left the company with a $140 million severance package.
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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.
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A former Walt Disney Co. director testified Monday that Disney chief executive Michael Eisner told her in a December 1996 telephone conversation that then-Disney President Michael Ovitz was being fired and was eligible for a large severance package.
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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.&#39;s former top legal adviser testified Tuesday that Michael Ovitz was a &quot;total failure&quot; as Disney&#39;s president in part because he didn&#39;t fit into the Disney way of doing business and because he failed to ease the burden on chief executive
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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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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.