Word: ovitz
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...same time, however, several key agents have followed Ovitz and Meyer out the door, and a revamped management team has admittedly experienced some rocky times. One major faux pas occurred in March, when a top agent made a deal for Val Kilmer to star in The Saint, even though its filming schedule conflicted with the actor's commitment to reprise his caped-crusader role in the upcoming Batman and Robin--prompting Batman director and longtime CAA client Joel Schumacher to leave...
...addition, there is an obvious generation gap between CAA's Old Guard and the Young Turks who hold sway over many of the agency's most valuable clients. The awkward management structure Ovitz put in place before his departure had representatives of the younger generation in charge of operations, with oversight provided by three older co-chairmen...
...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...