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Plenty of Hollywood's powerati are pleased that Ovitz did not realize his big dream. In 1989 an Ovitz friend divulged, "Michael would like to end up as the Lew Wasserman of his day" -- a reference to MCA's empire builder, who also began his career as an agent. Ovitz has a vast empire as well, including deals with Baby Bells, advisory roles with banks that own movie studios and a contract to produce commercials for Coca-Cola. He's poised to be the Wasserman of the 21st century. But for now he won't be the Wasserman...

Author: /time Magazine | Title: THE DEAL THAT WASN'T | 6/19/1995 | See Source »

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