Disney Nominated Ovitz to Board Before Ousting Him
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Walt Disney Co.&#39;s directors nominated Michael Ovitz to serve on its board for another three years at a meeting just weeks before forcing him out of his job as
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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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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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GEORGETOWN: Walt Disney&#39;s board of directors went on trial, accused by shareholders of rubberstamping a decision to hire Michael Ovitz and allowing him to walk away months later with a $140m severance package.
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Walt Disney Co. Chief Executive Michael Eisner on Tuesday described a year in which his main job was to control Michael Ovitz, the company's   president who aggravated other staff, became depressed and finally refused to leave the company.
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The Walt Disney Co.  board of directors on Tuesday said it expected to find a chief executive to succeed Michael Eisner by next June and would consider both outside executives and Disney President and Chief Operating Officer Bob Iger for the position.
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A shareholder lawsuit over the &#36;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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Walt Disney Co.&#39;s board of directors went on trial on Wednesday, on shareholder accusations that it merely rubberstamped a decision to hire Michael Ovitz and allowed
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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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Walt Disney Co's DIS.N board of  directors said on Tuesday it planned to find a replacement for  Chief Executive Michael Eisner by next June and then search for  a new chairman, setting out a timetable for a change of  leadership at the company after more than a year of shareholder  protests.
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October 26, 2004 -- Walt Disney Co. said its board chose executive search firm Heidrick &amp; Struggles to help it find a new chief executive officer when Disney CEO Michael Eisner steps down.
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A Walt Disney Co. director testified Tuesday that he believed Disney chief executive Michael Eisner had the authority to fire Michael Ovitz as the entertainment giant's president.
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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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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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GEORGETOWN, Del.  - Walt Disney Co. should have  fired Michael Ovitz because of his "substantial and repeated  dishonesty," a legal expert testified on Thursday in support of  shareholders suing the Disney board over Ovitz's receipt of a  $140 million severance package.
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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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Eisner has said that Disney President and Chief Operating Officer Bob Iger would be his choice as successor, but the Disney board is expected to consider many candidates.