Darkbeer
06-15-2003, 08:40 PM
Suit against Disney goes after directors (http://www.jsonline.com/bym/news/jun03/148094.asp) - New York Times, 6/13/03
QuikQuote: The suit says that Ovitz ended up with a five-year contract that differed in one important aspect from the drafts the directors had seen: It allowed him to collect termination benefits upon his dismissal as long as he did not act with gross negligence or malfeasance. In the end, the suit contends, Eisner worked with Ovitz to ensure that he received the full severance.
In a letter to Ovitz discovered by the plaintiffs, Eisner wrote: "I agree with you that we must work together as close personal friends to assure a smooth transition and deal with the public relations brilliantly. I am committed to make this a win-win situation, to keep our friendship intact, to be positive, to say and write only glowing things.
"Nobody ever needs to know anything other than positive things from either of us," he adds in the letter. "This can all work out!"
QuikQuote: The suit says that Ovitz ended up with a five-year contract that differed in one important aspect from the drafts the directors had seen: It allowed him to collect termination benefits upon his dismissal as long as he did not act with gross negligence or malfeasance. In the end, the suit contends, Eisner worked with Ovitz to ensure that he received the full severance.
In a letter to Ovitz discovered by the plaintiffs, Eisner wrote: "I agree with you that we must work together as close personal friends to assure a smooth transition and deal with the public relations brilliantly. I am committed to make this a win-win situation, to keep our friendship intact, to be positive, to say and write only glowing things.
"Nobody ever needs to know anything other than positive things from either of us," he adds in the letter. "This can all work out!"