Word: ovitz
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Dates: during 1990-1999
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...that Michael Ovitz is out of a job, what's he up to? Shopping, for one thing. Recall that Ovitz was dispatched as president of the Walt Disney Co. in December, after 14 unhappy months. His wounds were soothed by a handsome contract settlement worth $130 million, give or take a dollar, depending on the performance of Disney stock...
Short on cash? Here's one way to make tens of millions of dollars without even being good at your job! It's simple. First, be MIKE OVITZ. Next get hired by Disney and do such lame work that the Mouseketeers terminate your contract 14 months later. Then you'll rake in almost $40 million in severance pay and 3 million stock options. If you hang on to those until 2002, there's a good chance they'll be worth about $100 million. Otherwise, be good at your job, like Michael Eisner, and Disney will give you a 10-year...
...celebrated personalities of the year came and went and blurred into one another. Boris Yeltsin became Ted Kaczynski became Princess Di became all three doing the macarena. While one faintly struggled to discern Rene Russo from Sandra Bullock and Michael Eisner from Michael Ovitz, Madonna singled herself out by producing a child. Setting a high financial standard for single motherhood, she exulted, "This is the greatest miracle of my life"--a cry not generally echoed in parts of the country where 48% of the children were born to single mothers. Rosie O'Donnell threw her a baby shower, her pediatrician...
MOUSE WHO SOURED AWARD: Michael Ovitz, who, tired of being the eighth dwarf, left the Magic Kingdom...
...very day that former Creative Artists Agency shogun Michael Ovitz was falling on his ears at Disney, his old outfit was literally rolling out the red carpet for a key element of its strategy to rule tomorrow's Tinseltown. Last Thursday marked the unveiling of the CAA/Intel Media Lab, CAA's bid for a thick slice of the growing PC-software pie and the strongest indicator to date that Hollywood and Silicon Valley's marriage of convenience might turn into true love after all. "We are all, like it or not, surfers on that growing [high-tech] wave," CAA president...