Word: ovitz
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...glittering promise of yet another supergroup. This used to be the province of rock stars; now it belongs to disgruntled media executives. Whether the Brown-Galotti-Weinstein alliance will prove to be another DreamWorks, which seems to be working out O.K., or a misguided marriage, like Mike Ovitz being shoehorned into Disney, remains to be seen. Only the sizzle, the sell, is certain. As a reporter prepares to turn off his tape recorder, the interview over, Weinstein can't help but remind him, "You've got some humdinger stuff there...
TEDDY FORSTMANN Puts up his money and joins Michael Ovitz and John Walton in funding school vouchers...
...tragedy had taken Disney's heart with it. It also left the now 56-year-old Michael Eisner, the company's brilliant chief executive, lacking a confidant and a suitable successor. In the past four years, Eisner has entertained a number of pretenders to the throne, notably Michael Ovitz and Jeffrey Katzenberg, only to ultimately discard them--painfully and publicly...
Bronfman is frustrated by the skepticism that greets his assurances that the dismissals are finished, but then lots of things about Universal must frustrate him. A former Universal insider says Michael Ovitz, onetime head of the powerful CAA talent agency who played a bit part in negotiating Bronfman's purchase of Universal, portrayed the company as "an easy turnaround." Ovitz also figured, wrongly, that he would be the one to do it. But instead of buying a slumbering giant, Bronfman bought a more troublesome enterprise...
Bronfman may have created some problems by hiring his top executive team backward. When talks with Ovitz fell through, he hired Ovitz's partner, Meyer, as No. 2 man. Meyer installed his associate Sandy Climan and his friend Weitzman in top executive jobs. Both are now gone. And finally, with the key players already in place, Bronfman hired Frank Biondi as chairman of the company...