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Ovitz was hired as Disney president several years ago. He only
managed to last a little over a year due to differences with Eisner.
Ovitz walked off into the sunset with a cool $140 million no fault
package settlement. Shareholders argue that Ovitz should have simply
been fired.
Last month when the trial commenced, Eisner said that he was amused
by Ovitz. One line of questioning in the shareholders litigation
focusses on Ovitz's expenses. The litigation suggests Ovitz's tendency
to spend was a problem from the start.
Talking about his relationship with Eisner at a court deposition
last month Ovitz said, "I had a 25-year relationship with Michael
Eisner. We spent an enormous amount of time together socially and
professionally, I trusted him 1,000 per cent. I was this guy's friend.
But it all went downhill. I don't understand how a guy could be
with me so much and then write in a memo that he never sent to me
that said I'm a liar, that I have a veracity issue, that I'm a psychopath.
I can't figure it out. I can't figure it out."
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