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Aug 9, 2005 · While The Walt Disney Co. CEO’s “lapses were many,” and its embattled president left the entertainment conglomerate with a $140 million severance package, a court ruled Tuesday that Disney...
- NBC Universal
Aug 10, 2005 · A judge now says it was OK to give Michael Ovitz $140 million in severance pay. The Walt Disney company approved that payment to Ovitz, who was the company's second in command until he was...
When Michael Ovitz was hired as Disney's president in 1995, his contract included a $130 million severance package should he be fired without cause after a year.
The closely-watched case has provided years of fodder for court-watchers and Hollywood- watchers alike, especially given the personalities involved and the enormity of the estimated $140 million severance package paid to Ovitz after his stunted tenure.
Jan 12, 2005 · A Los Angeles trial lawyer testified Tuesday that Walt Disney Co. “avoided a very serious, ugly lawsuit” by terminating then-President Michael Ovitz’s contract on a no-fault basis in 1996 and...
Oct 27, 2004 · Michael Ovitz, Walt Disney Co.'s former president, defended his $140 million severance package Wednesday, saying he was undermined by other Disney executives in his efforts to improve the...
Oct 27, 2004 · The shareholders are seeking to recoup a $140 million severance package paid to Ovitz when he left the company in 1996 after just 14 months on the job.
