Ovitz's $109 million severance secure, but the means by which he got it? Not so much...
Yesterday’s unanimous high court ruling in Delaware upheld the exceedingly slipshod and over-generous way that Michael Eisner hired and fired Michael Ovitz.
Interestingly, today, the Wall Street Journal carries a closer look at the way corporate boards are held accountable – or rather, frequently not held accountable.
Two weeks ago, the New York Stock Exchange announced it was seeking commentary about a potential rule change. Its considering ending the practice of letting brokerage firms vote the shares they hold on behalf of their stockholders who don’t express a preference in director elections.
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