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17 Aug 2010, 6:51 am
Surely, one could always engage in a protracted fight over what happened, and whether what happened constituted "cause".)So if I'm a board member, I'm probably wondering whether it's better to tell Hurd to go pound sand, and risk a protracted and potentially embarassing lawsuit with Hurd, or give Hurd a relatively moderate severance package (this isn't a Michael Ovitz-size debacle, no matter how you slice it) and risk criticism from the media… [read post]
9 Aug 2010, 7:18 am
Ovitz, former agent and co-founder of the Creative Artists Agency (CAA), was wooed to Disney by then-CEO and friend Michael Eisner. [read post]
20 Jun 2010, 4:04 pm
**OF CAA, from wikipedia-->CAA agents employed by the William Morris Agency — Mike Rosenfeld, Michael Ovitz, Ron Meyer, William Haber and Rowland Perkins — met over dinner one night in 1975[2] after they discovered that they all had the same idea in mind: creating an agency of their own. [read post]
22 Nov 2009, 7:20 pm
That's why, so many years later, I read with wry amusement today's decision by a Delaware court in the case filed by Disney shareholders against its Board of Directors over the hiring of uberagent Michael Ovitz as Disney's CEO and the granting to him of a $140 million severance package when the Board gave him "the boot" 14 months later. [read post]
11 Jun 2009, 1:40 pm
SAN FRANCISCO â€â [read post]
9 Apr 2009, 5:00 am
As the Disney case illustrated (the contract for Michael Ovitz), the board can have very little information about compensation and the impact of compensation and still meet their fiduciary obligations under Delaware law. [read post]
2 Mar 2009, 9:00 am
Back in the 1990s, shareholders challenged the compensation paid to Michael Ovitz. [read post]
23 Sep 2008, 12:40 pm
Michael Eisner, Disney's CEO for 20 years, hired his friend, the celebrated Hollywood agent, Michael Ovitz, to be Disney's President. [read post]
28 Aug 2008, 5:01 pm
(Editor’s Note: This article appeared in the New York law Journal this week.) [read post]
29 May 2008, 9:41 pm
High-powered executives such as Grey and Michael Ovitz have testified in the Pellicano matter, and have denied any knowledge of Pellicano's unlawful methods, which included intimidation and bribing police and phone utility employees to wiretap victims. [read post]
14 May 2008, 4:21 pm
” Pellicano did work in connection with disputes for a range of glitterati, such as entertainment lawyer Bert Fields, head of Paramount Brad Grey, and talent agent Michael Ovitz — though none of those three has been charged with wrongdoing. [read post]
20 Apr 2008, 10:34 pm
Ovitz was behind the threat against Ms. [read post]
10 Apr 2008, 5:23 am
LA Times 4/10/08 The Michael Ovitz Tape. [read post]
9 Apr 2008, 5:20 pm
The Pellicano trial, which has been puttering along for nearly five weeks, picked up yesterday when entertainment mogul Michael Ovitz (pictured), a founder of Creative Artists Agency, testified that he paid Pellicano $75,000 to dig up dirt on two reporters who he said hastened the collapse of his Hollywood comeback. [read post]
18 Mar 2008, 11:08 pm
The former duty requires a director to take an active and direct role in the context of a sale of a company from beginning to end. [22] Disney Lastly, a $140 million executive compensation and severance package of former Walt Disney Company President Michael Ovitz was the basis for the breach of fiduciary duty suit against Disney's officers and directors. [23] Shortly after Ovitz joined Disney, it became apparent that there was a "disconnect" between… [read post]
2 Mar 2008, 10:40 am
Pellicano did work in connection with disputes for a range of glitterati, such as entertainment lawyer Bert Fields, head of Paramount Brad Grey, and talent agent Michael Ovitz — though none of those three has been charged with wrongdoing. [read post]
8 Feb 2008, 10:00 am
Michael Eisner, because of his close relationship to Michael Ovitz, had an interest in the contract. [read post]
7 Feb 2008, 10:00 am
We have been writing about the recent decision by Disney to give Michael Iger, the CEO and president, a new five year contract. [read post]
6 Feb 2008, 10:00 am
My article, Disloyalty without Limits, discusses some aspects of the case in greater detail.The issue, of course, was the contract awarded to Michael Ovitz, resulting in the payment of somewhere around $160 million for a little over a year of work. [read post]
5 Nov 2007, 1:38 pm
If you remember that one, shareholders sued after the board obligingly blessed a $140M severance payment for Disney President Michael Ovitz, whom CEO Michael Eisner had hired with wild enthusiasm only 14 months earlier. [read post]
