Corporate Thievery:
The Godfather advised his son that “a lawyer could steal more money with a briefcase than could a hundred men with guns”. In 1995 Disney executive Michael Ovitz was fired after 7 months on the job and received a $140 million termination fee. Shareholders of Disney have filed a suit seeking to recover the fee plus $40 million in interest. Defendants are Ovitz, CEO Michael Eisner , and the Disney board of directors. Eisner and Ovitz were friends for 25 years before he was hired. Eisner then fired his pal after only seven months and handed him $140 million of Disney assets. This does not pass the smell test. Eisner himself has received well over $ 1 billion in compensation as CEO of Disney. I hope the shareholders win their case against these bandits and their co-conspirators on the board of directors. We need to restore confidence and a sense of justice in American corporations.

Published in H-T op-ed. PS: How much is $140M? 2300 people working one year making $60k+ per year. What burns me is that they will get away with it and then go on book tours bragging about their careers...like the GE ex-CEO Jack Welch is doing now.