DISNEY BOARD BACKED OVITZ
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Directors at Walt Disney nominated Michael Ovitz to serve on its board for three years at a 1996 meeting just weeks before forcing him out of his job as president, Ovitz told a Delaware court yesterday.
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Securities and Exchange Commission staff, reversing an earlier recommendation, said Walt Disney Co. doesn&#39;t have to include on its proxy ballot a proposal allowing investors to nominate candidates to the company&#39;s board.
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The Securities and Exchange Commission reached a settlement with the Walt Disney Company over the company's failure to disclose relationships with board members.
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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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Michael S. Ovitz, the disgraced former president of Walt Disney, last week told his side of the story about his controversial tenure at the company in the mid-1990's.
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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, October 21: A lawsuit against the Walt Disney Co over a 140 million-dollar payout to former President Michael Ovitz started here, seven years after shareholders brought the action.
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Former Walt Disney director Robert AM Stern said the company made a &quot;wise investment&quot; when it fired Michael Ovitz in 1996 and paid his $140 million severance to end his 15-month tenure.
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GEORGETOWN, United States : Walt Disney chief Michael Eisner portrayed his friend Michael Ovitz -- fired after 15 months as company president with a 140 million dollar severance package -- as an executive unable to adapt to Disney&#39;s corporate culture.
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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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Former Walt Disney Co. president Michael Ovitz insisted Tuesday that he worked tirelessly to better the company but frequently ran into resistance from CEO Michael Eisner and a handful of senior executives who refused to report to him.
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Walt Disney Co. dissident shareholders Roy Disney and Stanley Gold, who have called for Chief Executive Michael Eisner&#39;s replacement, said their campaign was successful and praised the board&#39;s
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Former Walt Disney Co. President Michael Ovitz&#39;s $140 million severance was &#39;&#39;unreasonable&#39;&#39; because it exceeded what executives at other companies received, a compensation expert testified Monday in a trial
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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.'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 &#36;200 million.
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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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Walt Disney Co. chief executive Michael Eisner acknowledged Monday that he and former company President Michael Ovitz were good friends.