Word: ovitz
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Dates: during 1990-1999
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...they sat together at an opulent wedding reception that financier Marvin Davis was throwing for his daughter at his Beverly Hills home on Dec. 7, Michael Eisner and Michael Ovitz, the ranking executives at the Walt Disney Co., apparently came to the conclusion that their own corporate union must be dissolved...
Just a week later, one of the more stunning reversals of fortune (even for Hollywood) was announced, following a frenzy of speculation that transfixed both coasts. Ovitz, the former superagent once routinely described as "the most powerful man in Hollywood," was out as president of Disney after a brief and unhappy 14 months. And he wasn't departing to take over Sony's troubled entertainment empire, as had been rumored. Simply put, he was out of a job. "There are even people who don't like him who feel sorry for him," said one of his bitter enemies, who added...
...leading Turks, Ovitz's boy wonder and former heir presumptive Jay Moloney, 30, has been in and out of a rehab clinic for drug abuse since last fall; he was due to return to work this week following a lengthy recovery. Moloney's absence has left power concentrated in the hands of agency president Richard Lovett, 35. A go-getter nicknamed L'Ovitz, Lovett has worked at CAA for more than a decade, handling Tom Hanks, Michael Keaton, Nicolas Cage and other A-listers. The perception is that Lovett is performing well, if not exactly thriving...
Fortunately for CAA, the post-Ovitz era has seen its rivals in a state of flux too. Just two weeks ago, the 10% world was abuzz when a self-promoting, self-styled "agent warrior" named Gavin Polone was fired by the United Talent Agency after accusations of "inappropriate" behavior toward a female colleague, then given a seven-figure settlement and an apology by his superiors. She, in turn, took her own revenge: she quit and went over...
...Everyone's gone crazy," says a rival agent, who claims that raiding and poaching talent from competitors is at an all-time high. "In a strange way, Michael Ovitz's control of the business kept order. With Michael gone, it's like the Godfather has been sent away and the five families are going to the mattresses...