p2pnet.net News:- What? You’ve never heard of Michael Ovitz?!

“We cheered when his powerhouse CAA began crumbling,” says EOnline. “We cheered even more when he was publicly canned by Michael Eisner – even if he did walk away with zillions.”

Disney shareholders are suing the company’s board and Chief Executive Officer Michael Eisner, saying that a $140 million severance package for Michael Ovitz, the superstar agent who briefly served as Eisner’s deputy, was financially irresponsible, says CNET News.

“In his long-awaited appearance in a Delaware courtroom, Ovitz said Eisner made colossal blunders – including blowing off a ground-floor chance to own a chunk of Yahoo! for $250 million, a stake that today could be worth as much as $16 billion, and not signing Jackson to a recording deal,” says the New York Post.

Will the trial show Hollywood in its true light – the land where being able to speak with two tongues and destroy anyone who stands in your way are highly desirable qualities.

You’ll find out when you watch the whole steaming mess unfold online in Courtroom Connect’s DISNEY TRIAL UPDATE…

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See:-

crumbling – Michael Ovitz, the Thing That Ate Hollywood, Is Back to Eat It Again, EOnline

$140 million – Disney’s $200 million Ovitz trial streams online, CNET News, October 27, 2004

$16 billion – OVITZ BLAMES EISNER FOR EVERYTHING WRONG AT DISNEY, New York Post, October 27, 2004

steaming mess – DISNEY TRIAL UPDATE…

This entry was posted on Wednesday, October 27th, 2004 at 10:28 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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